The Most Expensive Single-Car Collection Auctions For $67 Million

The most significant and valuable private automobile collection ever presented at auction shatters the record to reach the pinnacle by fetching more than $67 million at the RM Sotheby’s flagship Monterey sale, held during the world-famous Pebble Beach Concours d’Elegance week in California.

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The Pinnacle Portfolio has become the most expensive single-car collection ever sold during one auction. The staggering amount was collected by the sale of twenty-five cars, all owned by an anonymous Florida collector. 1964 Ferrari 250 LM lead the sale of the evening by going under the hammer for $17.6 million.

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Other beasts from the Ferrari stable at the sale include the 1994 Ferrari F40 LM that sold for $3.3 million and the last Ferrari Enzo produced that was given to Pope John Paul II in 2005 fetched $6.05 million. 

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The rarest of ‪Ferrari‬ supercars, the ’85 Ferrari 288 GTO realized $2,420,000.

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While a 1998 McLaren F1 LM road version fetched $13.75 million, marking the highest price ever paid for a McLaren at auction, a Koenigsegg CCXR that appeared in the movie “Fast Five” sold for $825,000.

The sale total beat the previous record for a collection from a single owner of $65 million.

The auction of the exclusive cars also marks a success for the newly formed partnership between RM and Sotheby’s, and is expected to set the tone for the rest of the sales in Pebble Beach this week. More than $400 million worth of classic cars will be auctioned in Pebble and Monterey, California, as part of the Concours d’Elegance week.

RM Sotheby’s Via CNBC