A record 1995 Ferrari F50 and 2019 Bugatti Chiron Sport led the results at the RM Sotheby’s Miami 2022 classic car auction.
A 1995 Ferrari F50 sold as the top result at the RM Sotheby’s Miami sale for a world record $5,395,000 as the most-expensive F50 ever. A 2019 Bugatti Chiron Sport, 1990 Ferrari F40, and 2003 Ferrari Enzo sold for strong prices. The first ever 1988 Porsche 959 SC Reimagined by Canepa offered for public sale achieved nearly three million dollars or around double what the original base car could sell for. EIght cars sold for over a million dollar in the RM Sotheby’s Miami 2022 sale that a remarkable 98% sell-through rate.
RM Sotheby’s Miami Sale 2022
RM Sotheby’s Miami classic car auction: 10 December 2022 at 1111 Lincoln Road, South Beach, Miami, Florida, USA.
RM Sotheby’s one-night-only Miami sale grossed $40,261,160 with a very high 98% sell-through rate, and eight cars achieving over a million dollars each. Given the results, it would not be surprising if RM Sotheby’s attempts to schedule more Miami sales in the future.
Top-Ten Results at RM Sotheby’s Miami Sale 2022
The top ten results at the RM Sotheby’s classic car auction in Miami 2022 were:
|2||2019||Bugatti Chiron Sport||3,305,000|
|5||1988||Porsche 959 SC Reimagined by Canepa||2,920,000|
|6||1973||Ferrari 365 GTS/4 Daytona Spider||2,205,000|
|7||2005||Porsche Carrera GT||1,655,000|
|8||2020||Ford GT Heritage Edition||1,490,000|
|9||1994||Porsche 911 Turbo 3.6 S||912,500|
|10||2007||Mercedes-Benz SLR McLaren 722 Edition||808,000|
Million-Dollar Cars at RM Sotheby’s Miami 2022 Auction
Eight cars achieved results in excess of a million dollar each in the RM Sotheby’s Miami 2022 sale:
The top result was a new world record price of $5,395,000 paid for a 1995 Ferrari F50. The previously most-expensive Ferrari F50 was bought for $5,175,000 at the Broad Arrow Monterey 2022 auction. Only two F50s have sold at regular public auctions for over $5 million and only two others achieved over $4 million. As recent as 2016, a $2 million result for an F50 was considered sensational. The Miami car was a particularly good F50 with two previous owners and only 625 miles on the clock.
A 2,188-mile 2019 Bugatti Chiron Sport clad in a carbon fiber black-over-red color scheme sold for $3,305,000, while a 1994 Bugatti EB110 GT was the only high-profile car failing to sell in the Miami auction.
The 1990 Ferrari F40, previously owned by Microsoft co-founder Paul Allen, achieved $3,250,000 and a Classiche-certified 2003 Ferrari Enzo brought $3,195,000 — both very strong results for the models. A 1973 Ferrari 365 GTS/4 Daytona Spider by Scaglietti sold for $2,205,000.
The first 1988 Porsche 959SC Reimagined by Canepa to be offered at public auction sold for $2,920,000. This emerald green car left the factory as one of the 207 Porsche 959 Komfort models before Canepa spent 4000 hours to restore, rebuild, or upgrade 3,000 individual pieces. It is now powered by a re-engineered 825-hp, 2.85-liter, twin-turbocharged flat six-cylinder engine — nearly double the output of the original engine.
A 2005 Porsche Carrera GT sold for $1,655,000 — although well below the around $2 million that some examples achieved earlier in the year at US auctions but well above the last two European sales in Zoute and Munich.
A 2020 Ford GT Heritage Edition sold for a fairly strong $1,490,000. At least 17 Ford GTs in various editions have sold for over a million dollars at public auction in 2022 — expect many more at Scottsdale in Arizona in January 2023.