'Duemila Ruote' sale
What WERE the most interesting lots from this exceptional auction?
Unless you've been living on a desert island for the last couple of months, you will probably be aware of RM Sotheby's 'Duemila Ruote' (2,000 wheels) auction that took place on the last weekend of November.
The sale included over 600 classic cars, bikes, boats and assorted automobilia, all seized by the Italian government and offered at auction with no reserve.
Most of the headlines about the event have focused on the supercars offered for sale- a Maserati MC12 sold for over €3m and a Bugatti EB110 sold for €616- but look a bit deeper and there were some other really interesting lots. Here are my favourites.
Alfa Romeo 412 Spider Vignale Replica (Photo: RM Sotheby's)
With a top estimate of just €35,000 this 1946 Alfa Romeo 412 Spider Vignale replica looks awesome. The original (which raced in the 1951 Mille Miglia) hasn't been seen since 1958, but this one looks the part, even if there is only a 6C engine under the bonnet rather than the original 12-cylinder. OK, so it's a replica, but what a car to turn heads at every Alfa gathering. What did it actually sell for? An astonishing €302,400- over ten times the lower estimate- and the Libretto (Italian paperwork) remains 'in the post'.
BMW E30 M3 Evo (Photo: RM Sotheby's)
This BMW E30 M3 Evo was expected to sell for under €20,000 but the new owner parted with more than twice that: €47,040. That's right in line with the Hagerty Price Guide values, but it is still probably a great investment for the new buyer, as BMW E30 M3s are continuing to rise in value.
The car shown on the title of this article- a 1994 Dodge Viper RT-10 Le Mans- looked like another potential bargain in the catalogue with a top estimate of only €10,000. It was partially disassembled, had some damage on the left hand side, and the catalogue entry was almost non-existent. However, it appears to be one of the Rent-A-Car Vipers entered in the 1994 Le Mans- Artcurial sold the other one earlier this year for just over €214,000. This one sold, well over estimate, for €53,760 but in the long run this could still be good value for the new owner.
Porsche 911S 2.2 (Photo: RM Sotheby's)
Pre- 1973 Porsche 911s soared in value over the last few years, with prices only really stabilising in 2016. Other than the 2.7RS, the biggest riser was the 911 'S', which is why this one's top estimate of €12,000 jumped out as remarkable. OK, so it's only a 2.2, the car looks to be in need of a fair amount of restoration and it's a long wheel-base, but this was an estimate to tempt bidders, if ever I saw one. It sold for a strong €117,600- although nearly ten times the car's top estimate, that's still within the Hagerty Price Guide value range.
These are just a few of the cars that caught my eye- this article is a shortened version of one I wrote for Hagerty here prior to the sale: www.hagertyinsurance.co.uk/Articles-and-Resources/All-Articles/2016/11/21/RM-Duemila-Ruote-Sale