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.


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    • 1 Second Ago
  • 12 Comments
      narcszm
      • 2 Years Ago
      The dollar isn't what is used to be. Thanks, Bernanke.
      follyz
      • 2 Years Ago
      Found out: 1963 Porsche 904/6 Carrera GTS Factory Works Protoype
      follyz
      • 2 Years Ago
      What kind of car is the silver 2 door at the end of the photos? More info on that car PLEASE!
      Shiftright
      • 2 Years Ago
      Seems the 1% are doing just fine
      Jon Acton
      • 2 Years Ago
      I think this is a good indicator of the rich getting richer and the decline of the middle class. Also, I don't know why but it seems that most of these cars were bought at the top of the market not the bottom.
        rtkewley
        • 2 Years Ago
        @Jon Acton
        I think it's more an indicator of relative wealth - ie. if you had $100 million pre-'08 and you now have "only" $60 million, you can still afford a $2 million car without being forced to live under a bridge...
        Carma Racing
        • 2 Years Ago
        @Jon Acton
        It is a better indicator of the decline in value of the dollar, thanks to printing trillions backed up with nothing, and while this may appear to be a top, we won't know for a while.
      TheTank
      • 2 Years Ago
      I don't really "get it" with classic cars. Granted, I'm not nostalgic about much, but I just don't get it. I would MUCH rather have a replica with modern running gear, power (600+ hp can be had in a crate LS9 for $30K) and A/C for a TINY FRACTION of these prices. AND I could drive it every day if I wanted. Hell, for nowhere near a million, you could have an entire body make of carbon fiber, a frame made of chrome molybdenum and all the goodies you want. But that's obviously just me.
        rtkewley
        • 2 Years Ago
        @TheTank
        You're correct - you don't "get it". The classic car market has almost nothing to do with the vehicles' capability as cars - they will likely be driven little if ever. It has everything to do with wealthy men a) trying to buy back their youth and b) signify to other wealthy men just how wealthy they are.
          TheTank
          • 2 Years Ago
          @rtkewley
          Well there ya go. Thanks for the explanation.
      BrentNelson
      • 2 Years Ago
      Amazing cars all are!!!! I wish if I was there for auction , I also buy a car RM auction. All car looks very shiny and amazing .!!!.. And everyone will love to drive that all cars!!! Prices are high but for racing and luxury car lovers will ready to but this cars at any cost. This auction have classic cars to sport cars. Everyone can enjoy this auction of cars!!!!!!
      mike.mor
      • 2 Years Ago
      Yes, you clueless bastard, we ( the people ) still have a recession.