26.05.2011 SIGNIFICANT HISTORIC ITALIAN CARS TAKE CENTRE STAGE AT RM AUCTIONS VILLE D'ESTE SALE

RM AUCTIONS 2011 VILLE D'ESTE CONCORSO D'ELEGANZA
ALFA ROMEO TZ1 - RM AUCTIONS 2011 VILLE D'ESTE CONCORSO D'ELEGANZA
LAMBORGHINI MARZAL - RM AUCTIONS 2011 VILLE D'ESTE CONCORSO D'ELEGANZA

RM Auctions kicked off its 2011 European calendar in style on the weekend with models from Ferrari, Lamborghini, Alfa Romeo and Bertone starring as over 23 million euros (US$33,436,750) was posted at its debut sale at the Concorso d’Eleganza Villa d’Este in Cernobbio, Italy. Photos: Tim Scott/Fluid Images courtesy of RM Auctions.

RM Auctions kicked off its 2011 European calendar in style on the weekend with models from Ferrari, Lamborghini, Alfa Romeo and Bertone starring as over 23 million euros (US$33,436,750) was posted at its debut sale at the Concorso d’Eleganza Villa d’Este in Cernobbio, Italy.

Held in conjunction with the celebrated Italian Concorso d’Eleganza, the two-hour sale treated a discerning international audience to one of the most significant offerings of collector cars presented in recent auction history, including the highly-anticipated sale of six unique Bertone concept cars. Featuring a handpicked selection of 32 motor cars, six automobiles achieved individual million-euro-plus results, with two lots surpassing €3 million. Top sale honours went to a stunning 1955 Ferrari 375 MM Berlinetta for €3,360,000.

“It has been a privilege to conduct an auction at the Concorso d’Eleganza Villa d’Este and to achieve such a great result from such a stunning selection of motor cars,” says Max Girardo, Managing Director, RM Europe. “Combining automobiles of exceptional quality with the first-class presentation for which RM is known, the sale attracted bidders from over 23 countries, with numerous lots exceeding expectations. We could not have hoped for a better start to our 2011 European auction season,” Girardo adds.

Offered for the first time, the visually-striking selection of concepts from the official collection of Bertone S.p.A was one of sale’s many highlights, garnering significant attention and spirited bidding. Headlined by the wild 1967 Lamborghini Marzal, a predecessor to the Espada, for €1,512,000, total sales for the collection surpassed €3.6 million, with numerous lots far-exceeding expectations. Additional notable sales included the 1974 Lamborghini Bravo, which achieved €588,000, almost four times its pre-sale estimate, while the 1980 Lamborghini Athon also attracted strong interest, doubling its estimate to sell for €347,200.

“It was wonderful to offer these famous Italian cars on their home soil. The auction results reflect the enormous pre-sale interest in the collection, with bidders recognizing both the significance of these cars and the unique opportunity that their sale presented,” Girardo adds.

The sale also strengthened RM’s position as the global leader in the presentation of important and historic Ferraris at auction with the successful sale of six important examples from the world-famous Italian marque. A one-off Pinin Farina-designed 1955 Ferrari 375 MM Berlinetta, the last 375 MM built, spurred a lively bidding war in the room and on the phones, resulting in an impressive final sales price of €3,360,000. A stunning 1959 Ferrari 250 GT LWB California Spyder surpassed its high-estimate, bringing €2,520,000 to reinforce the California’s position as one of the world’s most desirable open-top Ferraris, while a 1957 Ferrari 500 TRC Spider, arguably one of the most beautiful Ferrari sports racing cars ever built, concluded the sale on a high note, realizing €2,800,000. Other notable auction sales included 1964 Alfa Romeo TZ Coupé, which, with significant period racing history, achieved a world-record breaking price of €627,200.

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