Low mileage hypercars including a Ferrari FXX, F40, LaFerrari and a Bugatti Veyron were announced for the RM Sotheby’s Monterey 2019 sale.
RM Sotheby’s announced a group of seven low-mileage Ferraris from The Ming Collection for the Monterey 2019 classic car auction. This group includes an as-new 2006 Ferrari FXX (Est. $2,850,000 – $3,250,000) and a 1991 Ferrari F40 with only 1,705 miles on the clock (Est. $1,500,000 – $1,800,000). Further high performance, low-mileage cars announced for the California sale include a 2014 Ferrari LaFerrari, a 2005 Porsche Carrera GT, a 2008 Bugatti Veyron 16.4 and a 2018 Aston Martin Vanquish Zagato Volante.
RM Sotheby’s Monterey 2019 Sale
RM Sotheby’s Monterey 2019 classic car auction: 15 – 17 August 2019 with the first day dedicated to Aston Martin marque cars only.
At the 2018 Monterey auction, RM Sotheby’s earned $158 million by selling 124 of 150 lots (83%). The average sale price was $1,270,903.
At the 2017 auction, RM Sotheby’s earned $133 million with a sell-through rate of 88% and 32 cars sold for over a million dollar. RM Sotheby’s three-day Monterey 2016 auction remained the highest grossing classic car auction ever with $173 million earned and 35 million-dollar cars sold.
The Ming Collection Ferraris as RM Sotheby’s Monterey 2019
RM Sotheby’s announced the Ming Collection – an exceptional group of seven incredibly low-mileage Ferrari performance and supercars – as part of its flagship Monterey sale.
After visiting the Ming Collection, Gord Duff, Global Head of Auctions, RM Sotheby’s, said: “The quality and originality of the Ming Collection is absolutely incredible. Every single car in the group is nearly better than new and the meticulous level of care that has gone into maintaining these cars is outstanding. You’d be hard-pressed to find any of these models in better condition. Ferrari FXX models rarely come up for auction, and it is an especially rare opportunity to find one that has never been raced yet has been so well cared for.”
2006 Ferrari FXX
The star car of the Ming Collection is a 2006 Ferrari FXX, (Est. $2,850,000 – $3,250,000), a one-of-30, track-only developmental prototype based on the Enzo, presented from its original owner and representing the first example to come to public market in several years. Essentially still “in the wrapper”, the FXX is finished in Rosso Scuderia with white stripes and has been recently serviced.
This FXX has been on the track just once at Fiorano during the FXX delivery event at the Ferrari factory in Italy and is offered complete with three FXX Programme travel cases containing factory track support equipment as well as an unused factory race suit and helmet.
As only 30 Ferrari FXX cars were ever produced, these cars are very rarely coming to auction. Artcurial sold a 2006 Ferrari FXX for an auction model-record €2,674,000 ($3,277,000) at Paris 2018.
1991 Ferrari F40
Joining the FXX is a 1991 Ferrari F40 with the lauded Ferrari Classiche Certification confirming its fully matching-numbers status. Coming from just two owners and having joined The Ming Collection nearly 20 years ago, the F40 has covered just 1,705 miles since new (Est. $1,500,000 – $1,800,000).
Ferrari F40 prices have been weaker at recent auction and a result closer to a million dollar rather than to $1.5 million have been more common than was the case in 2016 to 2017. However, condition and low mileage should help the F40 on offer.
Other Ming Collection Ferraris
The remaining five cars in the Collection are finished in classic Rosso Corsa and are offered entirely without reserve. Sure to turn heads is a 1984 Ferrari 512 BBi, a highlight of the group since 2005. Having been recently serviced and still wearing its original plastic delivery film on the door sills, the 512 BBi comes to auction showing just 2,500 miles and presenting in excellent, as-new condition (Est. $350,000 – $425,000, without reserve).
Also on offer is a 4,000-mile 1985 Ferrari 308 GTSi, sold new from Hollywood Sports Cars in California to the original owner, before joining The Ming Collection in 2013 (Est. $100,000 – $150,000, without reserve).
Additional prancing horses include a custom-ordered 2007 Ferrari F430 Spider F1 with tan interior, purchased new by the Ming Collection (Est. $200,000 – $250,000, without reserve), a 2013 Ferrari 458 Spider fitted with a host of desirable custom options including Novitec lowering springs, Akrapovic exhaust, and Escort iX Ci radar detector with custom carbon fiber dash pods (Est. $225,000 – $275,000, without reserve), and, rounding out the group is a 1997 Ferrari 355 Spider that joined the collection in 2007 and today shows just 704 miles on the odometer (Est.$125,000 – $150,000, without reserve).
Further Hypercars at RM Sotheby’s Monterey 2019
Outside of The Ming Collection, RM Sotheby’s Monterey auction will feature several additional sought-after hyper- and supercar highlights:
- An as-new 2014 Ferrari LaFerrari, one of the first examples delivered to the U.S. Finished in stunning Grigio Ferro, the hypercar is equipped with a hybrid V-12 engine and shows a mere 400 miles from new (Est. $3,000,000 – $3,400,000). The estimate is within range of recent results – Mecum sold a LaFerrari for a model record $5,170,000 at Monterey 2016 but none had sold at auction for more than $4 million since.
- A pair of 2005 Porsche Carrera GT models including a unique example finished in paint-to-sample Metallic Orange. Offered without reserve, this virtually as-new car is the only model finished in its color, shows just delivery mileage on the odometer, and is accompanied by a full luggage set, as well as its original books and window sticker (Est. $1,200,000 – $1,500,000, without reserve). Only Mecum has ever sold a Carrera GT for more than a million – and did so three times at seperate auctions. As the value of the delivery-mileage car will drop like a stone if driven, keen drivers may rather opt for the second Carrera GT—also offered without reserve—reads just 5050 miles on the odometer, is finished in the iconic GT Silver Metallic over Ascot Brown leather interior, and is also accompanied by a full luggage set and its original books (Est. $625,000 – $725,000, without reserve).
- Offered from a private Michigan collection, a 2008 Bugatti Veyron 16.4 powered by an 8.0L quad-turbocharged W-16 engine and punching out a blistering 1001 hp. This all-wheel-drive model features a host of desirable options including heated sports seats and an eight-speaker audio system. Finished in striking Black Blue Metallic and Bugatti Dark Blue over Brown leather, this Veyron has covered just 1,200 miles and comes to its new owner ready to be enjoyed (Est. $1,100,000 – $1,300,000). Veyron prices have been weaker at recent auctions with many offered but few achieving bids that cleared the reserve margins.
- A nearly new 2018 Aston Martin Vanquish Zagato Volante set for An Evening with Aston Martin, which kicks off RM Sotheby’s Monterey sale on 15 August. Showing just 13 miles, this Vanquish is finished in Predator Grey over exclusive Pure Black and Chainmail Grey leather interior, and features carbon fiber paddles and a Bang & Olufsen BeoSound Auto System (Est. $750,000 – $900,000). The estimate is inline with the new price of this car – depending on options – and depending on residence, the new buyer may be faced with an additional tax bill too for buying a basically new car.
The Ming Collection and additional supercar highlights join what is already an incredible lineup for RM Sotheby’s Monterey sale, which includes the oldest car to wear the Porsche name, a 1939 Porsche Type 64, alongside an original James Bond Aston Martin DB5.
Monterey Week 2019 Car Auctions News
Pre-Sale Auction Announcements:
- RM Sotheby’s: 1939 Porsche Type 64
- RM Sotheby’s: James Bond Aston Martin DB5
- RM Sotheby’s: Low-Mileage Hypercars (incl. an FXX)
- RM Sotheby’s: Works 1954 Maserati A6GCS
- RM Sotheby’s: 1962 Ferrari 250 GT SWB Berlinetta
- Gooding: Pre-War Classics (incl. 1913 Isotta Fraschini)
- Gooding: 1958 Ferrari 250 GT Tour de France Berlinetta
- Gooding: Niki Lauda’s 1975 Ferrari 312T F1 Racing Car
- Bonhams: Classic Pre-War Bentleys