RM Monterey Auction 2012 - Ferrari California crosses the block

If there's a recession afoot, no one told the bidders at Saturday's RM Auctions sale. A total of 13 cars went home to new owners for $1 million or more, including a 1956 Ferrari 250 GT LWB Berlinetta TdF at $6.71 million. The '56 was hardly the star of the evening, however, as 1962 Ferrari 250 GT short-wheelbase California Spyder fell under the gavel at $8.58 million. The Italian automaker only built 37 250 GT SWB Spyders with covered headlights, and this particular example has the benefit of being both Ferrari Classiche-certified and a Pebble Beach Concours d'Elegance class winner.

A road-going 1967 Ford GT40 Mk I went home to the tune of $2.86 million, while the 2001 Bentley Speed 8 Le Mans Prototype took in $2.53 million. A number of race cars crossed the stage on Saturday, including a '64 Shelby 289 Competition Cobra, which sold for $1.32 million. Check out the full press release below for a complete list of the 13 $1 million-plus sales on Saturday.

The day prior, the auction house moved an additional seven examples for more than $1 million, bumping the total number of vehicles to crest the seven-digit mark to 20. As the auctioneer so poignantly underscored, "It's only money, gentlemen. You can always make more on Monday."
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FERRARIS DOMINATE RM'S SATURDAY SALE SESSION IN MONTEREY

· RM's Saturday sale session topped by a 1962 Ferrari 250 GT SWB California Spyder for $8,580,000 and a 1956 Ferrari 250 GT LWB Berlinetta 'Tour de France' for $6,710,000

· Five Ferraris attract million-dollar-plus results during three-and-a-half hour auction

· 13 automobiles realize prices exceeding $1 million each during Saturday evening sale with numerous new world records established

MONTEREY, CA (August 19, 2012) – RM Auctions, the world's largest collector car auction house for investment-quality automobiles, continued its strong track record for historic Ferraris in Monterey, California last night (August 18) with a 1962 Ferrari 250 GT SWB California Spyder achieving a remarkable $8,580,000 and a 1956 Ferrari 250 GT LWB Berlinetta 'Tour de France' realizing a strong $6,710,000 before a packed house.

Considered one of the most beautiful and desirable Ferraris in existence, the short wheelbase California Spyder, chassis 3119 GT, is one of only 37 short wheelbase variants in the highly desirable covered headlight configuration. Resplendent in Rosso Corsa over a tan leather interior, the exclusive, Ferrari Classiche certified example sparkled under the auction lights, attracting spirited bidding before selling to a collector on the phone. Another great example from the famed Italian marque handpicked for the sale, the fourteen-louver 1956 Ferrari 250 GT LWB Berlinetta 'Tour de France', chassis, 0585 GT, also spurred a lively bidding contest in the room and on the phones before being won by a collector onsite.

The sale-topping pair led an impressive group of five historic Ferraris achieving million-dollar-plus results during RM's Saturday sale session. In total, 13 automobiles exceeded $1 million each during the three-and-a-half hour sale, with a number of new world records set.

RM Monterey Million-Dollar-Plus Sales (Saturday)

1. 1962 Ferrari 250 GT SWB California Spyder - $8,580,000

2. 1956 Ferrari 250 GT LWB Berlinetta 'Tour de France' - $6,710,000

3. 1955 Aston Martin DB3S Sports Racing Car - $3,685,000

4. 1967 Ford GT40 Mark I - $2,860,000

5. 2001 Bentley Speed 8 Le Mans Prototype Racing Car -$2,530,000

6. 1960 Aston Martin DB4GT - $2,035,000 (world record for any Aston Martin DB4 or DB4GT sold at auction)

7. 1929 Duesenberg Model J Disappearing Top Convertible Coupe - $1,897,000

8. 1953 Bentley Continental R-Type Fastback Sports Saloon - $1,622,500 (world record for a Bentley Continental R-Type sold at auction)

9. 1967 Ferrari 275 GTB/4 -$1,485,000

10. 1967 Ferrari 275 GTB/4 'Competizione Speciale' - $1,485,000

11. 1964 Shelby 289 Competition Cobra - $1,320,000

12. 1965 Ferrari 275 GTB - $1,182,500

13. 1955 Mercedes-Benz 300SL 'Gullwing' Coupe - $1,171,500



The Saturday sale session concluded RM's 2012 Monterey auction. In total, the two-day sale presented approximately 120 blue-chip automobiles as part of the most significant auction offering ever presented on the Monterey Peninsula.

Full sale results will be posted online shortly at www.rmauctions.com.