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.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.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. The rarest of Ferrari supercars, the ’85 Ferrari 288 GTO realized $2,420,000.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
NYC fashion writer blogging about all things lux. Attending New York University, future Fashionista.