RM Sotheby’s Pop-Up Miami Auction Delivers Record-Breaking Results

Building on its annual sales calendar, RM Sotheby’s hosted a one-night-only destination event for car collectors in Miami this past Saturday. On the top floor of an architectural icon, 1111 Lincoln Road, a mix of desirable supercars and hypercars were offered.

RM Sotheby’s set the stage for record auction results for several significant models, $40,261,160 in total sales, and a 98% sell-through.

Highlights

• Many models sold for record prices, led by the sale’s top lot, a 1995 Ferrari F50, which brought $5,395,000
• A 2,188-mile 2019 Bugatti Chiron Sport clad in a carbon fibre black-over-red colour scheme sold for $3,305,000
• The cover car of the Miami catalogue and current celebrity of the vintage supercar world, a 1990 Ferrari F40, previously owned by Microsoft co-founder Paul Allen, achieved $3,250,000
• Rounding out the selection of halo models from Maranello, a Classiche-certified 2003 Ferrari Enzo brought $3,195,000
• A 1973 Ferrari 365 GTS/4 Daytona Spider by Scaglietti sold for $2,205,000
• Miami proved a perfect venue for a selection of cars from the Youngtimer Collection. Setting new records, a 1987 Mercedes-Benz 560 SEC AMG 6.0 ‘Wide-Body’ brought $720,000, nearly three times its high estimate
• The ultimate example of a modern, low-volume collectable, a 2019 Subaru WRX STI S209 showing only 37 miles brought $123,200
• The first 1988 Porsche 959SC Reimagined by Canepa to be offered at public auction sold for $2,920,000

Statistics

• Total sales: $40,261,160
• Sell-through rate of 98%
• 379 bidders hailed from 27 countries and 34 US states
• 91 bidders were first-time bidders
• Eight lots sold over $1 million

Top 10 Lots Sold

1. 1995 Ferrari F50		$5,395,000
2. 2019 Bugatti Chiron Sport		$3,305,000
3. 1990 Ferrari F40		$3,250,000
4. 2003 Ferrari Enzo		$3,195,000
5. 988 Porsche 959SC Reimagined by Canepa		$2,920,000
6. 1973 Ferrari 365 GTS/4 Daytona Spider by Scaglietti		$2,205,000
7. 2005 Porsche Carrera GT		$1,655,000
8. 2020 Ford GT Heritage Edition		$1,490,000
9. 1994 Porsche Turbo S ‘Package.’		$912,500
10. 2007 Mercedes-Benz SLR McLaren 722 Edition		$808,000

RM Sotheby’s Global Head of Auctions, Gord Duff, summarized the event: “What a night! Our team was excited to push the envelope for live auctions and produce an event that would be a memorable experience for our clients. We say thank you to our loyal clients who followed us to Miami and the many brand-new bidders.

We look forward to creating more unforgettable auctions in unique settings worldwide in 2023 and beyond.”

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