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1958 Ferrari Berlinetta sells for $3.6 million at RM auction in London

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1958 Ferrari Berlinetta sells for $3.6 million at RM auction in London

Old 10-27-2011
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Default 1958 Ferrari Berlinetta sells for $3.6 million at RM auction in London




A 1958 Ferrari sold for $3.6 million at RM Auctions' annual event in London on Oct. 26. But other top lots--including another Ferrari, a Lamborghini and an Aston Martin--failed to reach the reserve price for a sale.

A telephone bidder bought the Ferrari 250 GT LWB "Tour de France" Berlinetta for $3.6 million (2.24 million). The Berlinetta had been the most highly estimated lot, and this car drew the highest bid of the evening.

The Berlinetta lived in the United States for the majority of its years, until a U.K. collector bought it a few years back. It raced in the 2005 Mille Miglia, and the engine was replaced at one point.

RM offered about 100 investment-grade vehicles at the auction, including 25 motorcycles. The event was expected to raise between $19 million and $23 million (12 million and 15 million)

Of the high-estimate vehicles that didn't sell, a 1961 Aston Martin DB4 GT--one of only 75 built--was estimated at $1,245,906 to $1,405,638 (780,000 to 880,000).

Read more: http://www.autoweek.com/article/2011...#ixzz1c1M9yodz
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Old 10-27-2011
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That's an insane amount of money!
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Old 10-27-2011
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More money than sense!
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