2017 has finally kicked off with the annual RM Sotheby’s Arizona sale. We scoured the predictions and results and first signs are that 2017 will be another interesting year of no sales and strange prices!
Pre-sale hype was over Tommy Hilfiger’s immaculate 2003 Ferrari Enzo, speculators expected it to sell for over $3m following the recent sale of three Enzos that have sold for over the $3m mark. It should be added that one of these cars was the final car gifted to Pope John Paul. It rightly sold for $6m, the other two – one was very low miles the other one of just four black variants.
Hilfiger’s car had covered over 3,600 miles and while the name Hilfiger is undoubtedly a special one, collectors are looking for the unicorn, the ultra-low mileage cars or the rare colors, a nice red Enzo simply isn’t enough to command record breaking prices and that train of thought should be considered with all cars coming to auction. 2016 saw auction houses flooding their sales with three to four of the same model of car. There simply wasn’t the demand for the cars.
So, what did it sell for? $2,695,000, this would certainly suggest a nervy start to the year as collectors work out the year ahead.
Top 10 Sales
The top ten sales for RM Sotheby’s in Arizona were as follows:
- Lot 258 1939 Mercedes-Benz 540 K Special Roadster (Chassis 408383) : $6,600,000
- Lot 263 1969 Ferrari 365 GTS (Chassis 12489) : $3,602,500
- Lot 227 1995 Ferrari F50 (Chassis ZFFTG46A6S0104092) : $3,135,000
- Lot 231 1961 Ferrari 400 Superamerica SWB Coupe Aerodinamico (CHASSIS NO. 2841 SA) : $3,080,000
- Lot 151 2003 Ferrari Enzo (Chassis ZFFCW56A330133026) : $2,695,000
- Lot 220 1967 Ferrari 330 GTS (Chassis 10689) : $2,475,000
- Lot 256 1966 Ferrari 275 GTB/6C (CHASSIS NO. 08431) : $2,117,500
- Lot 228 2013 Bugatti Veyron 16.4 Super Sport 300 (Chassis VF9SG2C27DM795300) : $2,090,000
- Lot 160 1948 Tucker 48 (Chassis 1044) : $1,347,500
- Lot 138 2008 Lamborghini Reventón (CHASSIS NO. ZHWBU77SX8LA03148) : $1,320,000
The Reventon was a bit of a bargain, one of just 20 and under 1,000 miles from new.
Other notables included a rare and very cool Lamborghini LP400 S Series which sold for $429,000, a great investment. Interestingly, a Porsche 993 GT2 failed to sell with its reserve of $1,100,000 to $1,500,000, well below 2016 prices.
A 2007 Mercedes-Benz SLR McLaren 722 Edition sold for just $418,000. The SLR special editions will continue to appreciate as collectors realize their rarity.
Photo: ©2016 Courtesy of RM Sotheby’s
About the Author: Tim Hutton has been involved in the automotive industry for 17 years, creating ideas and content for premium brands. When not writing about cars, you will find him driving them all around the world. Having learned to drive at seven in a racing car, petrol is very much in his veins.