- RM Sotheby's auctioned off a Ferrari 288 GTO and Enzo on May 21.
- Both cars fetched more than $2 million apiece.
- The entire auction was held online-only, and RM Sotheby's believed that it could be the first auction company to sell a car worth more than $2 million online.
- Total auction sales totaled $16,385,738.
- Visit Business Insider's homepage for more stories.
With the end of the COVID-19 pandemic nowhere in sight, many are consigned to largely staying at home and browsing life through the window of the internet. At least there are online car auctions to flip through.
RM Sotheby's hosted its Driving Into Summer online-only auction last month, which opened May 21 and ran through May 29. Because of the pandemic, it was the company's first consignment-based collector car auction held exclusively online.
Three cars that headlined this particular auction. They were iconic Ferraris: a 1985 Ferrari 288 GTO, a 1995 Ferrari F50, and a 2003 Ferrari Enzo. The 288 GTO and Enzo fetched well over $2 million apiece. The F50 did not meet reserve and is still for sale at the time of Monday's writing.
"I believe we'll be the first [auction company] to sell a car worth $2 million-plus online," Gord Duff, RM Sotheby's global head of auctions, told Robb Report recently.
An RM Sotheby's spokesperson backed up Duff's claims, telling Business Insider that to the best of the company's knowledge, "no other auction house has sold a car at this value in a dedicated, online-only collector car auction."
In total, RM Sotheby's raised $16,385,738 in sales during the Driving into Summer online-only auction. The Ferrari Enzo indeed became what the auction house claims is the "most valuable car sold in a dedicated online-only collector car auction to date." It sold for $2.6 million.
Not too far behind that was the 288 GTO, which sold for $2.3 million. You can take a look at a list of the complete results here.
The auction house says more than 80 cars were available.
Editor's note: This post has been updated to indicate the F50 did not meet the reserve and is still for sale.
Auction house RM Sotheby's hosted its Driving Into Summer auction last month and it was online only due to the COVID-19 pandemic.
Karissa Hosek/Courtesy of RM Sotheby's
But going online only isn’t the worst thing for RM Sotheby’s.
With three Ferraris that fetched over $2 million each, the company broke auction records.
Courtesy of RM Sotheby's
RM Sotheby's told Business Insider that to the best of its knowledge, "no other auction house has sold a car at this value in a dedicated, online-only collector car auction."
First up is this 1985 Ferrari 288 GTO, which sold for $2.3 million.
It is one of just 272 ever made.
It also has optional air-conditioning and power windows. A luxury!
The 288 was originally built so Ferrari could enter the Group B rally championship.
As Road & Track tells it, Group B was a set of rally regulations in the 1980s that more or less prioritized speed over safety.
Ultimately, Group B was canceled before the 288 got to do any factory-backed racing. But Ferrari carried on building the car for consumer production anyway.
It has a tiny, 2.8-liter twin-turbocharged V8 that makes 400 horsepower.
It also boasted the ability to go 189 mph.
That’s impressive even in 2020.
The interior is pretty bare with black leather.
And a gated manual shifter.
But the whole point of this car isn’t luxury, it’s for driving.
People who have driven it say it's incredible.
Road & Track's Sam Smith once wrote, "You become comfortable with it, and then you toe a bit too much into the boost and it turns into a tail-happy weirdo with far too much soul and this kind of grumbling exhaust note that just begs you to do silly things. ... This thing is great. It's friendly but eminently fearsome, drivable but perfectly involving. I want. I want, I want, I want."
Same, bud, same.
Anyone want to buy a girl a present? The time is now.
Then there's this 1995 Ferrari F50, which did not meet the reserve. The asking price is now $2.5 million.
Of the 349 made, this is the second one.
It shows just 3,371 miles on the clock.
It represents one of Ferrari's flagship V12 halo cars.
That naturally aspirated V12 makes 512 horsepower and has an 8,000-rpm redline.
And the car has a manual transmission!
To keep the weight down, the F50 uses a carbon-fiber tub in its chassis structure.
The interior is also very bare bones, so passengers don't forget this is a lightweight car meant for speed.
You have to manually roll the windows up and down.
All in all, the F50 weighs just over 3,000 pounds.
This is the Ferrari that apparently straddled the raw Ferraris of the past and the technological ones of the present.
A 2003 Ferrari Enzo was also available and sold for $2.6 million.
It has fewer than 1,250 miles on the clock.
This is the last V12 Ferrari halo car to be offered with just a naturally aspirated engine.
Its successor, the Ferrari LaFerrari, makes do with a hybrid powertrain.
The Enzo also uses a carbon-fiber tub for lightness and rigidity.
It was designed to look like an open-wheel race car.
Visually, its shapes aren’t always congruent with each other.
But you cannot deny how striking it is.
Aside from the Ferraris, there's this 1934 Packard Twelve Convertible Victoria.
I can’t say I’ve much love for the pre-war classics, but this would be pretty baller to drive around in.
There's a V12 engine along with a V-shaped radiator shell.
The wood and leather used inside make it look like a gorgeous boat cabin.
This example recently underwent a complete restoration, so it looks great.
Here’s a 1958 Ferrari 250 GT Coupe by Ellena.
It’s a slightly modified version of a Ferrari 250 GT, built by a firm called Ellena.
Ellena built 50 modified cars but there are fewer than 40 in existence today.
It has a 3.0-liter V12 and drum brakes.
And the interior is green!
You can’t really get better than the 1959 Maserati 3500 GT by Touring.
Not only is the color beautiful, but it also enhances the classical beauty of 1950s car design.
This particular car was restored in the late 2000s.
This go-kart looking thing is a 1965 Shelby 427 S/C Cobra 4000 Series.
It's got the shape of a British roadster, but it's powered by American muscle.
That muscle takes the form of a 496-cubic-inch V8 that makes an estimated 650 horsepower.
This particular car was completed in 2017.
There are many replicas of these cars running around; this is the real thing.
Oh, and also: it only has two (2) miles on its odometer.
This pristine white example is a 1967 Chevrolet Corvette Sting Ray 427/390 Convertible.
It’s from the second generation of the Corvette, called the C2.
It's powered by a 427-cubic-inch V8 that makes 390 horsepower.
And there's a four-speed manual transmission.
To read more about Corvettes, go here.
Next up is a 1989 Porsche 911 Speedster.
It is only one of 819 built for the North American market.
The 911 Speedster was built as a limited-edition celebration of the 356 Speedsters from the 1950s.
It uses a 911 Turbo-specific chassis.
It’s based on the 3.2-liter 911 Carrera.
It displays just 41 original miles.
Then, there's this 2002 Ferrari 575M Maranello.
If you have a thing for front-engined Ferrari grand tourers that aren't red, this is the car for you.
There are 10,701 miles on the clock, so it’s a car that’s been driven.
Not merely a garage queen.
As a side note, these are some of the most gorgeous photos of a car I’ve ever seen.
This silver 2005 Ferrari Superamerica definitely shows some restraint.
It has less than 3,500 miles on the clock.
And it has a really beautiful color combination.
This would be a nice car to take on California's Pacific Coast Highway.
The 2006 Ford GT Heritage was built specially to celebrate the legendary Ford GT40.
The GT40s raced successfully at Le Mans in the 1960s.
The Ford GT was Ford’s tribute to the race cars in the 2000s.
The first-generation GTs are powered by a 5.4-liter, supercharged V8.
They make 550 horsepower.
The Heritage edition was launched in 2006, the GT’s final model year.
It’s finished in Heritage Blue with Epic Orange stripes.
It’s a look that’s inspired by the Gulf Oil livery on the Le Mans-winning GT40.
This particular GT was the last Heritage example built.
The Ford GT returned more than 10 years later with the 2017 Ford GT.
Ford famously held an application process for people who wanted to buy one.
Buyers were legally forbidden from reselling their GTs until after two years of ownership.
The new GT has a twin-turbocharged V6.
It puts out 647 horsepower.
And has a top speed of 216 mph.
What's cool is that the seats are fixed for ideal weight distribution, so the pedals and steering wheel move instead.
Yellow's a good color for it.
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