Latest / BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show / RM Sotheby’s Paris Auction: Ferrari Fever and Market Surprises

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RM Sotheby’s Paris Auction: Ferrari Fever and Market Surprises · BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show

• 0:00
  As part of Ferrari Fridays, William Ross from the Exotic Car Marketplace
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  will be discussing all things Ferrari and interviewing people that live
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  and breathe the Ferrari brand.
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  Welcome back to the Ferrari Marketplace podcast presented by exoticcarmarketplace.
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  All links for these sites are up in the description.
• 1:05
  And now, I'm your host, William Ross.
• 1:08
  And this week's topic, we are talking about the RM Sotheby's auction in Paris,
• 1:13
  where there's some heavy hitting cars that went across the block, as we all know,
• 1:17
  the one Mercedes went earlier in the week.
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  Now, but we're going to discuss some of these other ones, but the big
• 1:23
  one was the 1965 Ferrari 250 LM.
• 1:28
  I'm sorry, the 1964 Ferrari 250 LM that won the 1965.
• 1:32
  Overall, with Yoke and Rint and Mast and Gregory.
• 1:38
  There was a lot of other stuff in there that was Ferrari
• 1:40
  related that wasn't sold on this.
• 1:42
  So there was some interesting stuff.
• 1:43
  Some stuff sold, some stuff did not, some stuff went cheap.
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  You know, there's some, uh, interesting I guess you would say trinkets that
• 1:51
  went by, you know, stuff's not cheap.
• 1:54
  There was a nardy steering wheel that did not sell.
• 1:57
  I didn't catch what the high bid was on that.
• 1:59
  Cause I jumped in a little bit late, but you know, they had an S
• 2:01
  between the two to 4, 000 euros.
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  So I would say it was bid under 2, 000 cause it didn't sell.
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  So.
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  I don't know.
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  I think that's right in the range of about 2, 500 bucks for that.
• 2:11
  But I guess no one needed a new nardy steering wheel for their Ferrari.
• 2:16
  Then there was another one that was a F 300 formula one engine signed by Michael
• 2:21
  Schumacher that went for 48, 000 euros.
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  That's kind of interesting.
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  I mean.
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  I don't know, I guess you're just going to display that thing because
• 2:28
  it's not like it's going to be able to run again or anything like that.
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  Then there was a Gilles Villeneuve Cavalino Trophy
• 2:35
  that sold for 12, 000 Euros.
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  Obviously the name tied to that is going to push it up there in value wise, but
• 2:43
  that's a neat little trinket for somebody.
• 2:45
  That's pretty cool.
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  That's, you know, that's for the person that's got everything Ferrari.
• 2:49
  Then they had an F40 luggage set that was done up by Chidoni,
• 2:53
  who, uh, if I'm not pronouncing that correctly, I apologize, but.
• 2:56
  43, 200 euros for some luggage.
• 3:00
  So it was basically three pieces, hangers, some, and the bags for me like that.
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  But I mean, obviously they're not making them anymore.
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  So whoever got their hands on that was wanting to complete the,
• 3:11
  what they have for their F 40.
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  So, cause obviously the more stuff you have for it, the better and
• 3:15
  the higher it's going to sell.
• 3:16
  Now this is because right after that was a toolkit for an F 40.
• 3:20
  So my guess.
• 3:22
  Same owner had that and just didn't bother to include it with the sale of his F40.
• 3:27
  He decided to hold on to it.
• 3:29
  I cannot stand that.
• 3:31
  When people have the stuff that goes with the car, that when it
• 3:35
  left the factory had all the little accoutrements, and then they don't send
• 3:39
  it along its way when they sell it.
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  They keep it.
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  And then it's just like little piecemeal things.
• 3:43
  It's just wrong.
• 3:44
  It's rude.
• 3:44
  It's just Just sell everything that came with it.
• 3:47
  The big one that's always annoys me is the f50 I don't know if anyone knows
• 3:51
  or is aware of it The fact is but f50 actually came with your own pair of
• 3:55
  racing shoes was one of the things that came with it And that's a rare
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  oddity to have those included with the car So then there were a couple
• 4:02
  of race suits from Michael Schumacher.
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  The first one went for 6, 000 It's 62, 400, but that was from 2003, but
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  then the one that was just a year old or 2002 went for 48, 000 euros.
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  So, not signed by him, anything like that, so, but it was one of his race suits.
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  I guess that'd be something cool to frame up, put on your wall, you
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  know, put in a nice glass case, do something really nice to it.
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  Cause I doubt you'd fit into it, but unless you're a tiny person,
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  but I don't know, would you wear it?
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  I mean.
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  Me, I'd probably wear it if I could fit in it, but I doubt it highly.
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  Now the next one that came up that did not sell though was just an engine
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  from a 512 BB LM. Unbelievable engine.
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  I was a little surprised this didn't sell because you can kind of put
• 4:42
  this thing in quite a few things.
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  And there was actually a actual 512 BB LM that went later in the auction.
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  So again, why they didn't sell this as a pair?
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  Hey, you got, you know, send a Spare engine along with your new 512 BBLM.
• 4:57
  I don't know.
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  Again, some of this stuff is just nonsense.
• 5:00
  And it just irritates the hell out of me doing it.
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  But, that would have been a nice piece.
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  I don't know what it got put up to.
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  Because again, this is about where I jumped in at here.
• 5:08
  Few vehicles after that.
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  Few lots, I guess you could say.
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  I came in because I was a little bit sidetracked.
• 5:14
  So, I came in with right about a 1972 Ferrari Dino 246 GT by Scaglietti.
• 5:21
  Yeah.
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  So for 342, 500 euros, that's actually pretty good right
• 5:26
  there on the money for that car.
• 5:27
  Now, these things have been gaining value, getting a lot of traction.
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  People have been kind of overlooking the fact that, you know, originally
• 5:35
  there's, they weren't called Ferraris.
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  It was, you know, you know, just the Dino, you know, it was assembled by Fiat.
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  It had a Ferrari engine, but everything else.
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  But in subsequent years, people kind of, I guess, turned the tide
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  and said, no, that's a Ferrari.
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  And a lot of people, Remove the Dino badge and put a Ferrari badge on there.
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  They're gorgeous, gorgeous cars, small.
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  I don't fit in it.
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  So, I mean, I could fit in it, but just not comfortably.
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  Beautiful car, but that was about right where it is on the money.
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  Those things are getting really, really popular out in the marketplace.
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  I'm not quite sure why.
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  I mean, it's not like it's got tons of horsepower, but, you know, fun
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  little car, light, toss it around.
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  It's like a little go kart, so you can have some fun with it.
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  Little bit fragile, but, you know, hey, it's one of those things to
• 6:18
  enjoy and just have some fun with it.
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  You know, it's like, why not?
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  You got the money, spend it.
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  Ciao!
• 6:23
  The next item that came up that was a Ferrari was a 599 GTO.
• 6:30
  Now there was a lot of, I don't want to say pushback, but there
• 6:32
  was a lot of scuttlebutt when they came out with the 599 GTO.
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  Because people thought, you know, that moniker Only gets attached to
• 6:42
  very special Ferraris and some Chevys.
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  But anyways, so there was a lot of push because it's like, Oh, it's not special.
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  If they really didn't do enough for it to be considered a GTO and
• 6:53
  you know, putting that tag to it, was it a money grab by Ferrari?
• 6:58
  Possibly, but.
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  Again, these are jumping up in price, too, and this thing sold for 815, 000 Euros.
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  Now, these numbers are all in, so this is including buyer
• 7:07
  fees and everything like that.
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  I think RM's at, like, 12 percent the first 100, 000, then, uh, 5 percent
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  on the balance, something like that.
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  Getting up there, so, if you want to do the math, have at it.
• 7:17
  These things have been gaining value and 599s have been getting a lot of traction.
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  Awesome car, absolutely awesome car.
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  That's one of the ones that everyone's buying.
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  Because you can get them for 150, 000, 140, 000 with low mileage,
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  great services, right like that, and just do a manual swap on it.
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  There is only 30 worldwide, 20 for the U. S., in a manual, factory manual
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  599 GT, uh, 599 GTP, I should say.
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  The GTO, so they started to come out with other variants and everything
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  like that, but you know, fantastic car.
• 7:48
  Oh, sounds beautiful.
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  Fantastic car.
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  So, that was, you know, probably about right where the money's at on those.
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  Um, that wasn't too shocking.
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  It's not too difficult to find those out in the marketplace, though.
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  So, you know, it's always kind of interesting when these
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  people, uh, you know, send this kind of stuff to the auction.
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  Because the one thing I always kind of tell people in regards to, you
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  know, sending a car to auction, you know, and then especially if it
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  doesn't sell, you kind of tainted it.
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  Because now it's like, well, that's what people are willing to pay for it.
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  Now, granted, it all depends on who is in the room, who is
• 8:21
  on the phone, who is following.
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  Yeah, there's some variables, but that's all public knowledge now.
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  So everyone's going to think, no, it's only worth that.
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  So you kind of screw the pooch when you do that.
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  If it doesn't sell, um, that's why I kind of, a lot of people, well,
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  if you're going to do it, do no reserve, but you know, that's a big
• 8:37
  old gamble on the other side of it.
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  People say, well, people know we'll sell them when you do a no reserve.
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  So it has a tendency to have a little more panache to it.
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  So it gets a little more value to it.
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  So it all depends what your mindset is and you know, how much the
• 8:54
  auction house talks you into it and how much they try and butter it up.
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  Cause I, some of these, you know, the auction house will bid themselves,
• 9:01
  not so much a no reserves, but you know, they're, they do all these
• 9:04
  backdoor things and stuff like that.
• 9:06
  You know, that's one thing why I really am not a fan of taking
• 9:09
  a car to an auction house.
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  They're not no different from any other auction that's selling off of
• 9:14
  farm equipment from a farmer that went bust or something like that.
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  You know, I mean, it's just, I don't know.
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  I'm just not a fan.
• 9:21
  There's some cool stuff to him, but Anyways, that's my opinion.
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  Now, the next one came up and this was a heck of a deal, I thought.
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  It was a 2004 Ferrari 360 Challenge race car.
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  Now, that one went, sold all in for 109, 250 euros.
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  I thought that was a heck of a deal.
• 9:39
  Now, if you look at the Challenge Stradale's, you know, obviously it's a
• 9:42
  road legal version of that car, basically.
• 9:46
  Not as hardcore, uh, not as stripped out, but.
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  I don't think it would take all that much to take that challenge car and
• 9:55
  turn it in and make it street legal.
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  If you really wanted to.
• 9:57
  Now it's got an F1 transmission in it.
• 10:00
  It's a little bit quicker, but that's kind of, it's very raw.
• 10:04
  Fantastic car, but for someone that wants to go racing, do track days, something
• 10:07
  like that, do some historic stuff.
• 10:09
  That is a fantastic car to go do it.
• 10:12
  It's very, very well mannered, very neutral.
• 10:15
  fantastic car.
• 10:16
  Um, you know, not that difficult to work on, still get spares
• 10:20
  for everything like that.
• 10:21
  So you're not really left in a lurch.
• 10:22
  So that was a very, very good buy.
• 10:26
  Now, the next one we're going to talk about was one of the big
• 10:29
  hitters, the 1970 Ferrari 512 M, one of the only ones in yellow.
• 10:35
  Now this thing is stunning and it sounds fantastic.
• 10:39
  That got bid.
• 10:41
  up to a little over 7 million and they had the low estimate of nine.
• 10:49
  So they were saying nine to 12 million euros.
• 10:52
  So it went just a little bit over seven.
• 10:54
  So it was pretty dang low in regards to Where it was going to go, um, which
• 11:00
  was very surprising to me, and it was very surprising to a lot of people in
• 11:05
  the room, online, everything like that.
• 11:08
  I had a conversation with someone after that thing did not sell,
• 11:12
  and everyone was really shocked that that thing didn't sell.
• 11:17
  I mean, it's got people talking about, okay, Seinfeld sent his 917 through.
• 11:23
  Uh, in Kissimmee, and it didn't sell 25 million, you know, was that just a ploy?
• 11:27
  Was that just a play?
• 11:28
  Was that just something by Dana Mecham and Jerry and stuff?
• 11:31
  Hey, Dana stroked him a check for half a mil or something like that.
• 11:35
  You know, hey, bring it down, we'll pay for everything, and we just
• 11:38
  won't sell it, blah, blah, blah.
• 11:40
  You know, we just want publicity, something along those lines, which,
• 11:42
  hey, if that's the case, that's genius.
• 11:44
  But, it kind of sours things, because people are like Wait a minute, he just
• 11:48
  bought that not, well, a few years ago for 13, 000, 000 or something like that.
• 11:52
  Again, though, it's not like he needs the money.
• 11:53
  But anyways, so this thing basically got bid up to roughly just under
• 12:00
  2, 000, 000 below its low estimate.
• 12:02
  I mean, that's significant for a car like that with its race
• 12:05
  history, everything like that.
• 12:06
  So, I mean, was the owner greedy?
• 12:09
  Thinking it was worth more?
• 12:10
  Was the auction house wrong with the value?
• 12:13
  And placing that, but I mean, that's significant.
• 12:16
  1. 7 million euros below the low estimate.
• 12:20
  I don't know.
• 12:20
  And dot maybe, well, Hey, after the sale, do something, you know, uh, close
• 12:24
  it with somebody after the sale to kind of negotiate, but that's a big jump.
• 12:29
  1. 7 million is quite a bit to try and close the gap and make people happy.
• 12:34
  And my guess is the owner of that car was like, I'm not budging from my low estimate
• 12:40
  of 9 million or something like that.
• 12:41
  And again, who knows what the reserve was?
• 12:43
  I mean, that's an unknown number.
• 12:45
  I mean, could it have been like 8.
• 12:46
  5, maybe something along those lines?
• 12:48
  8. 2 or 8 million, maybe?
• 12:51
  I don't know.
• 12:52
  It'd be interesting to find out, but the thing is still available.
• 12:54
  It's still, you know, good.
• 12:56
  Still available for sale through RM.
• 12:58
  Curious to see in a week or so here, I'll find out.
• 13:00
  I'll let everybody know what they're trying to get out of that car.
• 13:03
  But I mean, that's a stunning car.
• 13:05
  I mean, unbelievable race history.
• 13:07
  It's yellow.
• 13:08
  It's not red.
• 13:09
  You know, I mean, just fantastic car.
• 13:12
  Again, what's going on with race cars in this market right now?
• 13:16
  They're not selling.
• 13:17
  It's a little strange.
• 13:18
  Now, the next Ferrari that came up was a few lots after that.
• 13:22
  And again, I felt this was a heck of a deal.
• 13:25
  Now I don't know if it had it's um, battery redone.
• 13:30
  Cause I know after a certain amount of Ferrari did a recall or
• 13:32
  something like that and they swapped the battery out for free I think.
• 13:35
  Or it was like a hundred grand, I don't know.
• 13:36
  But after a certain point the batteries on those things needed
• 13:39
  to be changed no matter what.
• 13:41
  But this thing sold at 3.
• 13:43
  55
• 13:46
  million euros.
• 13:47
  And it's yellow.
• 13:48
  So I think, you know, that gives it some value.
• 13:51
  I thought this was a heck of a buy.
• 13:53
  In my opinion, wafts are more up in the 4 million range, 4.
• 13:59
  Three maybe, something like that, depending on mileage, service
• 14:02
  history, and that kind of stuff.
• 14:04
  Or if it's a U. S. version.
• 14:05
  Again, I think someone got a heck of a deal.
• 14:07
  They bought it at the low end of the market, that's for sure.
• 14:10
  So someone's going to have a, a LaF, that's a LaF, no, a LaF Ferrari.
• 14:15
  For a heck of a deal, go out and enjoy it and have some fun.
• 14:18
  I've never had the opportunity to drive one or sit in one.
• 14:21
  But from my understanding, they're fantastic cars to drive.
• 14:25
  Very easy.
• 14:25
  I mean, just incredible stuff.
• 14:27
  So, again, someone got themselves a heck of a deal on that car.
• 14:31
  So, have fun and enjoy.
• 14:33
  Now, the next one that popped up was right after the LaFerrari.
• 14:38
  Was a 1981 Ferrari 512 BBLM.
• 14:42
  Now this is the one where that engine that did not sell before should have
• 14:45
  went with this or should be stuck with this instead of selling them separate.
• 14:49
  Now, that one got bid up to 1.
• 14:53
  6. Low estimate.
• 14:56
  Two million euros.
• 14:58
  Are you far off?
• 14:59
  Yes or no.
• 15:00
  I mean, obviously 400, 000 doesn't seem, is a lot, but you
• 15:04
  know, you start talking to it.
• 15:05
  So I was surprised I didn't find a happy medium with someone in the room
• 15:09
  or on the phone with that car and move it along and find a new owner.
• 15:12
  It wasn't that big of a gap.
• 15:14
  Unless, again, unless the owner was sticking to their guns and said nope,
• 15:19
  this is what I want, this is what I'm sticking to, I ain't budging.
• 15:23
  I don't know, but it's still available for sale.
• 15:25
  Great for historics, everything like that.
• 15:27
  You know, it's on that cusp of a lot more things becoming eligible, like, you
• 15:31
  know, year wise, everything like that.
• 15:32
  But, that would be such a fun track car.
• 15:34
  It's a very unique car, especially the bodywork's unbelievable on that car.
• 15:38
  It is so, I don't want to say aerodynamic, but just swoopy.
• 15:43
  It's a great looking car.
• 15:44
  I think that's my opinion.
• 15:46
  But again, it did not sell and race car street car.
• 15:52
  I mean, way below estimate.
• 15:54
  I mean, unbelievable.
• 15:56
  The next one that came across that did not sell.
• 15:59
  was a 1950 51 Ferrari 212 225 export by body by Vignale.
• 16:06
  They were asking, the low estimate was around 2.
• 16:10
  5 million euros.
• 16:11
  It got bid to 1.
• 16:12
  9. Not that far off, but now you're marketing.
• 16:16
  Who's going to want to buy that car shrinks a bit.
• 16:20
  I would think possibly that would be, you know, millimillion eligible.
• 16:25
  Obviously go to myself that, I mean, it would be eligible for a majority
• 16:29
  of the events around the world.
• 16:31
  I'm surprised, again, they didn't find a happy medium between someone
• 16:34
  in the room or on the phone to have someone take this thing home.
• 16:37
  It's, that one was a little baffling itself, so I'm not quite sure why that one
• 16:42
  didn't move along to a new home either.
• 16:44
  But again, it was just, it's a, it's a weird market.
• 16:47
  Weird things going on stuff that should sells not selling stuff that
• 16:51
  you sells you're like jeez for that much again I don't know next up.
• 16:55
  It was right after the 212 was a 2005 Ferrari Super Amaro stunning
• 17:00
  stunning car Fantastic car again, though, but it was kind of weird.
• 17:06
  It got bid up to 550, 000 euros The low estimate was 650, 000.
• 17:13
  Meet in the middle.
• 17:14
  I mean, 50, 000 to you, 50, 000 to me.
• 17:16
  Come on.
• 17:17
  Find that happy medium.
• 17:18
  I am surprised that did not find a home.
• 17:22
  Because one rarity on that car, first of all, you know, is one of
• 17:27
  the things, I am just amazed that it, uh, didn't, especially the fact Five.
• 17:32
  It's a manual 550 super.
• 17:34
  I mean, it's a manual.
• 17:36
  I mean, great color combination.
• 17:38
  Silver.
• 17:38
  The red.
• 17:39
  How could that not find a home?
• 17:41
  And how could they not find a medium?
• 17:43
  I mean, someone step up.
• 17:44
  This thing is stunning.
• 17:46
  I just, I don't know.
• 17:47
  That one was a baffling one.
• 17:49
  How it did not sell again.
• 17:52
  That was a head scratcher on that one because it's a stunning car.
• 17:57
  Manual transmission.
• 17:59
  Weird.
• 17:59
  You know, being based on the 575.
• 18:01
  Five.
• 18:03
  how few actual manual just base 575s were built then you got the super america
• 18:09
  based on that it's a 5 7 and i'm trying to remember top of my head i think it was
• 18:14
  just around 43 of them were all produced with the manual transmission so i mean
• 18:19
  that is a rare rare bird And I don't think it would take much to get that, you know,
• 18:23
  to import it in here to the United States, kind of federalized somehow, some way.
• 18:27
  Whether there's a will, there's a way.
• 18:28
  But again, I don't know, man, that was just odd.
• 18:31
  I figured that was a slam dunk.
• 18:33
  And it stalled at 550, 000 Euros.
• 18:37
  When you got standard, a manual 575 going for 350, 300, 350
• 18:45
  maybe range, maybe a little more.
• 18:47
  And then you got the rarity of this.
• 18:50
  I, again, I don't know.
• 18:52
  That was a big head scratcher.
• 18:54
  Now on to the granddaddy of the whole day, I guess you could say,
• 18:58
  or the two days of this auction.
• 19:02
  The 1964 Ferrari 250 LM. The 1965 Le Mans winner by Masten,
• 19:09
  Gregory, and Jochen Ritt.
• 19:10
  That is a great story on that because, you know, that's one of those deals where
• 19:14
  the moon and the stars and everything aligned Didn't really even want to race.
• 19:17
  They didn't think there's no way this car is gonna make it So they beat the
• 19:20
  shit out of it in the beginning just pounding and pounding and pounding
• 19:24
  it and it just wouldn't break They actually had to go hunt down Cause he
• 19:30
  was basically getting, I think like halfway gone track, something like that.
• 19:34
  He like disappeared cause he's like, Oh, it's not going to last.
• 19:37
  And Madison Gregory did not like racing at night.
• 19:40
  He couldn't see all that well.
• 19:42
  It got to the point where they had to go try and find Yoko.
• 19:45
  And Madison Gregory came in to do a driver change.
• 19:48
  They couldn't find Yoko, so he had to go back out.
• 19:50
  I think it was for like another three or four laps before they finally
• 19:52
  got Yoken, found him, brought him back to the track, and got him in.
• 19:56
  He's like, oh geez, okay.
• 19:58
  And so that point on, a lot of the leading cars were dropping out, the ones that
• 20:02
  were the favorites, and lo and behold.
• 20:05
  These guys were leading, like I said, you know, it's one of those things where,
• 20:08
  yeah, skill, everything like that, but a lot of luck plays into that, especially
• 20:12
  back then when a lot of mechanical failures were happening, because those
• 20:16
  cars weren't designed like they are today to be like just brick shithouses.
• 20:20
  Back then, yeah, they were fragile pieces of machinery.
• 20:23
  For them to last 24 hours and then to go balls out like they were doing, normally
• 20:27
  it was, those races back then, it was, okay, set a pace, we need to get to the
• 20:31
  last few hours, once we get to the last few hours, depending on where we're at,
• 20:35
  Then we'll just start hammering out.
• 20:37
  But these day and age, it's a sprint from get go.
• 20:41
  From the drop of the green flag to the checkered flag waves.
• 20:43
  You know, they're just going balls out because those things are bulletproof.
• 20:47
  Back then it wasn't.
• 20:48
  But absolutely stunning car.
• 20:50
  I've seen this car several times in person.
• 20:52
  You don't realize how small that car is.
• 20:55
  It is tiny.
• 20:56
  You know, and the V12 in it.
• 20:58
  I'm sorry, the 12 cylinder in it.
• 21:00
  It is, um, the pistons are tiny, it was at a 1.
• 21:03
  5, I think it is, if memory serves me correctly.
• 21:07
  So I mean, it's not a big motor, it sounds glorious, that's for sure.
• 21:12
  I mean, it's just an absolutely stunning car.
• 21:14
  Now here's the thing, this was one of the ones that was being auctioned off
• 21:19
  by our own RM Sotheby's on behalf of the Indianapolis Motor Speedway Museum.
• 21:24
  Because they're, they shut down because they're doing massive expansion and
• 21:28
  everything like that on the museum.
• 21:29
  Now, here's the thing that people, you know, they're thinking, Oh God,
• 21:32
  they're going to get all this money and they're going to do this massive
• 21:35
  renovation and stuff like that.
• 21:37
  All the money and proceeds generated from the sale of all the cars that
• 21:41
  they put up for auction cannot go towards the expansion and renovations.
• 21:46
  All that money can go towards future purchases of vehicles
• 21:49
  and set up an endowment.
• 21:51
  To operate and run the museum.
• 21:53
  It cannot go towards any construction on that.
• 21:55
  So that's a whole separate fundraising effort by the
• 21:58
  Indianapolis Motor Speedway Museum.
• 21:59
  And you know, oddly enough, I don't know if people know this,
• 22:01
  but Penske bought IMS and all that.
• 22:03
  The museum wasn't part of that.
• 22:04
  So the museum is actually a whole separate entity.
• 22:07
  But anyway, all this money can only go towards buying new cars
• 22:10
  and new inventory and stuff to put out there, which is interesting.
• 22:12
  So that sold, all in, fees and everything, for 34 million eight
• 22:18
  hundred eighty thousand euros.
• 22:20
  They had it at, how was it, 25, 000 or more.
• 22:23
  So they really didn't even go with the high part.
• 22:25
  So, being a Le Mans winning car adds a ton of value to this car.
• 22:30
  Especially being the last Enzo era Ferrari to win Le Mans, really
• 22:35
  kind of put an emphasis on it.
• 22:37
  You know, I was talking with someone about this a couple days ago, and my
• 22:42
  guess, to compare it to a standard, I say standard, but you know, one
• 22:46
  with not much race history or, you know, especially this pedigree.
• 22:49
  My guess, this added 30%, 35 percent to the value of the car.
• 22:55
  I know of a couple 250LMs that are out there that are available.
• 22:58
  Uh, some really good ones too for, you're in the mid 20 millions range.
• 23:03
  So, you know what, so you're up above that by another, you know, 10 million.
• 23:07
  I, I thought it was well sold.
• 23:09
  I mean, great price.
• 23:10
  But where it should have been, I hope the owner takes it out and shows it
• 23:14
  and runs it and drives it doesn't just get, you know, put away and no
• 23:18
  one gets to see it again because the museum took this car to a lot of places.
• 23:22
  I always saw it up to the M one concourse.
• 23:24
  They always brought it out.
• 23:25
  But I, you know, I saw it Amelia stuff like that.
• 23:27
  So I mean, they really got this car out and showcase showcase it to everyone.
• 23:32
  Everyone got to see it.
• 23:34
  Not say touch it and feel it, but you'll get to hear it run when
• 23:36
  they're moving or anything like that.
• 23:37
  So that was really cool.
• 23:38
  So I'm hoping that happens with the new owner.
• 23:41
  So anyways, that was probably the only one that wasn't shocked.
• 23:45
  Well, besides that Dino, fantastic, fantastic buy for this person,
• 23:50
  such an unbelievable car.
• 23:52
  The museums own this thing since 71, 72, something like that.
• 23:56
  So they've owned it forever.
• 23:58
  And for this thing to finally come up and go into private hands is unbelievable.
• 24:03
  I, if I was a museum, I don't know if I would have sold it.
• 24:05
  I mean, that's just, it's such a, such a special car.
• 24:08
  Cause again, it could be on display so everyone can see it.
• 24:11
  You can do stuff, so it all depends on what the new owner is going to do.
• 24:16
  We shall see!
• 24:17
  So who knows, but all in all, like I said, a lot, a lot of surprises.
• 24:21
  Cause of these no sales, and being a no sale like way under the low estimate.
• 24:26
  I think we're seeing a bit of a shift in the market here,
• 24:29
  what's going on in regards to car prices, uh, collector car prices.
• 24:35
  People not thinking, you know, thinking they're going to still
• 24:37
  get the same kind of money they were getting a couple years ago.
• 24:40
  Has stuff dropped off?
• 24:41
  Is there a big switch?
• 24:43
  I don't know.
• 24:43
  I mean, you always have adjustments here and there.
• 24:45
  And then what happens is all of a sudden stuff becomes a bargain.
• 24:48
  People start jumping on stuff and buying it and prices go back up.
• 24:51
  So you're always going to have up and downs in the collective car market.
• 24:54
  And again, my adage is, look, if you're in, if you're buying this car
• 24:57
  solely to try and make money on it.
• 24:59
  You're not buying it for the right reasons.
• 25:00
  Now, if you have plenty of money where it doesn't matter, but Hey, I'm going to
• 25:03
  take a swing at this buy and hopefully see where it gets to in five, 10 years.
• 25:07
  Okay.
• 25:07
  Have at it, but that's just me, but I'm more about passion of the car.
• 25:11
  Not so much.
• 25:12
  Hey, collectability wise in regards to, you know, numbers and, Oh, I'm
• 25:16
  going to double my money in 10 years.
• 25:17
  If that happens.
• 25:18
  That's just a bonus.
• 25:20
  All in all some interesting stuff.
• 25:22
  So we have some new other auctions come up here soon.
• 25:24
  That's got some big stuff in it.
• 25:26
  You know, obviously Amelia's coming up.
• 25:28
  Moda is going to be coming up.
• 25:29
  So they have some great things coming across the block.
• 25:32
  We'll see where things go.
• 25:33
  One auction really doesn't kind of dictate the market, but there's a
• 25:36
  lot of similar cars going across the block at those next two big events.
• 25:40
  So it's going to be interesting to see where things settle and see if
• 25:43
  we got some adjustments going on.
• 25:45
  Appreciate you guys listening.
• 25:46
  Stay tuned.
• 25:47
  Great stuff coming next week.
• 25:49
  Appreciate it guys.
• 25:55
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