Many Ferraris, some rain, a lot of money.
Story and Photos by Alessandro Gerelli
The RM auction was held last weekend in the gardens of Villa Erba in Cernobbio, together with the Concorso d’Eleganza of Villa d’Este. The catalogue included 38 cars and two Riva motor boats. However, it was really a Ferrari show with 16 entries. Recent models included a 288GTO, F40, F50, Enzo and a 599XX. Most others were from the 1960s. Six Bugattis were on the lawn along with a few other Italians (Maserati, Giannini, Cisitalia, Lamborghini, Lancia and Fiat). The auction was a real success: 27 million euro in sales (around 35 million US dollars) with all the Ferraris sold and most of the lots sold at prices higher than the estimate. The top price was the Ferrari 340, sold at about 10 million euros (including a buyer’s premium of 12%).
[Read more…] about The Cost of Our Passion, 2013