May 28, 2024

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Supercars Soar at RM Sotheby’s Miami Auction

Image: Patrick Ernzen, courtesy of RM Sotheby's

In its final live auction of the year, RM Sotheby’s broke records with the sale of multiple super and hypercar models during a one-night-only “pop-up” in Miami. Held on the top floor of 1111 Lincoln Road — a spectacular mondernist building in downtown Miami Beach— the auction realized a final sales total of $40,261,160. A staggering 98 percent of all lots sold during the auction, eight of which brough more than $1m.

Image: Courtesy of RM Sotheby’s

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. To our loyal clients who followed us to Miami, as well as the many brand-new bidders, we say thank you. We look forward to creating more unforgettable auctions in special settings around the world in 2023 and beyond.”

Image: Patrick Ernzen, courtesy of RM Sotheby’s

As mentioned, supercars stole the show, none more so than the 1995 Ferrari F50 that hammered sold for a record-setting $5,395,000. The eighth example of 349 produced, the F50 had been cared for by just two owners and was used very little, as the odometer read only 625 miles. In addition to its exceptional condition, the Ferrari was Classiche Certified in 2014, sold with a slew of documentation and accompanied by fitted luggage and flight case for the removeable hardtop.

Landing in second place was one of the F50s hypercar contemporaries, a 2019 Bugatti Chiron Sport selling for $3,305,000. The limited production Bugatti was finished with exposed black carbon fiber and Italian Red body elements. Inside, a similar color scheme was ordered using black and Italian Red One leather with exposed carbon fiber accents. Bugatti only produce about 60 examples of the Chiron Sport.

Ferrari supercars also landed in the top five sales in spot three and four. In third, selling for $3,250,000 was a 1990 Ferrari F40 and in fourth, hammering sold for $3,195,000, was a 2003 Ferrari Enzo. Originally owned by Paul Allen, co-founder of Microsoft, the F40 is Classiche Certified, documented with a history report by Marcel Massini and had covered under 3k miles from new. The Enzo was also Classiche Certified though its owners enjoyed more time behind the wheel than those of the F40, with the Enzo having covered some 11,870 miles.

Image: Robin Adams, courtesy of RM Sotheby’s

Rounding out the top five was a 1988 Porsche 959 SC Reimagined by Canepa. Finished in paint-to-sample Emerald Green, the 959 sold for $2,920,000. Though appearing stock from the outside, Canepa Motorsports upgraded much of the car underneath. The car’s 2.85-L flat-six engine is now fitted with upgraded BorgWarner turbos, forged pistons, titanium connecting rods, revised camshafts and individual coil packs, among numerous other changes. The engine now pumps out 825 hp and 600 ft/lbs of torque.

Other highlights include a 1987 Mercedes-Benz 560 SEC AMG 6.0 Wide-Body from the Youngtimer Collection that sold for a record price of $720k, and another next gen favorite — a 2019 Subaru WRX STI S209 — sold across the block for $123,200.

Find complete results RM Sotheby’s Miami auction here

Image: Alex Stewart, courtesy of RM Sotheby’s