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Report: RM Auctions, Villa d'Este

A great first effort

RM posts a €23m sale at its first Villa d'Este concours auction.

Report: RM Auctions, Villa d'Este

Report: RM Auctions, Villa d'Este

RM Auctions kicked off its 2011 European calendar in style on the weekend, posting over €23 million at its debut sale at the Concorso d’Eleganza Villa d’Este in Cernobbio, Italy. 
 
Held in conjunction with the celebrated Italian concorso d’eleganza, the two-hour sale included six unique Bertone concept cars. Featuring 32 cars, the sale created six million-euro-plus cars, with two lots surpassing €3 million. Top sale honours went to a stunning1955 Ferrari 375 MM Berlinetta for €3,360,000, along with a breathtaking, concours-quality 1938 Talbot-Lago T150-C SS Teardrop Coupe which sold for €3,136,000
 
Offered for the first time, the visually-striking selection of concepts from the official collection of Bertone S.p.A was one of sale’s many highlights, garnering significant attention and spirited bidding. Headlined by the wild 1967 Lamborghini Marzal, a predecessor to the Espada, for €1,512,000, total sales for the collection surpassed €3.6 million, with numerous lots far-exceeding expectations. Additional notable sales included the 1974 Lamborghini Bravo, which achieved €588,000, almost four times its pre-sale estimate, while the 1980 Lamborghini Athon also attracted strong interest, doubling its estimate to sell for €347,200.

A one-off Pinin Farina-designed 1955 Ferrari 375 MM Berlinetta, the last 375 MM built, spurred a lively bidding war in the room and on the phones, resulting in an impressive final sales price of €3,360,000. A stunning 1959 Ferrari 250 GT LWB California Spyder surpassed its high-estimate, bringing €2,520,000 to re! inforce the California’s position as one of the world’s most desirable open-top Ferraris, while a 1957 Ferrari 500 TRC Spider, arguably one of the most beautiful Ferrari sports racing cars ever built, concluded the sale on a high note, realizing €2,800,000.
Representing the ultimate in pre-war French design, the Pebble-Beach winning 1938 Talbot-Lago T150-C SS Teardrop Coupé was another featured lot attracting strong international interest, selling for a phenomenal €3,136,000

'It has been a privilege to conduct an auction at the Concorso d’Eleganza Villa d’Este and to achieve such a great result from such a stunning selection of motor cars,' said Max Girardo, Managing Director, RM Europe. 'Combining automobiles of exceptional quality with the first-class presentation for which RM is known, the sale attracted bidders from over 23 countries, with numerous lots exceeding expectations. We could not have hoped for a better start to our 2011 European auction season,' he added.
 
RM Auctions continues its European events calendar in England on 23 June with its inaugural sale at the Salon Privé luxury car show and Concours d’Elegance. Held at the stunning Syon Park estate in West London, the recently-launched summer sale will lift the hammer on a host of great British marques, including Aston Martin, Jaguar and Rolls-Royce among others.
 
Full event details for Salon Privé along with official results from the company’s sale at the Concorso d’Eleganza Villa d’Este on the weekend are available online at www.rmauctions.com

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