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Ferrari 340 Mexico Coupe

Ferrari 340 Mexico Coupe

The 1952 Ferrari 340 Mexico Coupe by Vignale...

... was sold at a price of $ 4,290,000 - RM Auctions, the official auction house of the Amelia Island Concours d’Elegance, continued its record-breaking sales run in Northeast Florida over the weekend, posting a remarkable $24.3 million* in total sales with a strong 96% of all lots sold at its 13th annual Amelia Island sale to claim the top sales results of the weekend. Building on the company’s strong track record in Florida, the impressive sales total represents the highest tally achieved in the event’s 13 year history, with over a 25 percent increase on the company’s 2010 sale figures. As many as 27 lots exceeded pre-sale estimates. In total, the single-day sale presented 103 lots, including a selection of vintage motorcycles, before a packed house, with bidders in the room joined by those on the phone and over the Internet. Illustrating RM’s global clientele, bidders hailed from over 24 countries around the world, including as far away as India, Argentina and the United Arab Emirates.

Ferrari 340 Mexico Coupe“We are thrilled by the results from the weekend’s sale, which represent RM’s best performance to date at Amelia Island. The buyer population appears to be more well-informed than ever, recognizing quality when they see it. In addition, many examples at our Amelia Island sale were fresh to the market, coming out of long-term ownership. Collectors recognized the unique and rare ownership opportunities these particular lots presented, as was reflected in the prices,” says Rob Myers, Chairman and Founder, RM Auctions. Top sales honors of the weekend went to a rare 1952 Ferrari 340 Mexico Vignale Coupé, chassis number 0224 AT, offered from the private collection of former GM designer and Ferrari Club of America co-founder, Larry Nicklin. One of just three built and boasting a superlative racing pedigree, the hugely valuable competition coupé sparked a spirited bidding war in the room and on the phones, exceeding its pre-sale estimate to sell for an extraordinary $4,290,000. Also offered from the Nicklin Collection and exceeding its pre-sale estimate was a highly original 1953 Ferrari 212 Inter Vignale Coupé, chassis number 0267 EU, which realized $660,000. Both examples were offered for the first time in 30 years.