A few weeks back I told you about a 1986 Ford RS200 Evolution that was about to go up for sale at the RM Auctions event tied to the Amelia Island Concours d’Elegance. Pre-auction estimates for the unmolested (and remarkably low mileage) car were $80,000 to $120,000, and the car was being sold with no reserve (in other words, the seller hadn’t set a minimum price, and the car would go for whatever price the gavel fell on). Given the condition of the car, and the fact that it was an Evolution version, I doubted it would sell for a penny less than $150,000, and I was correct; when the auction ended, the car sold for $159,500, which actually translates to a hammer price of $143,550 plus a buyer’s premium of $15,950. I’m not sure the new buyer can flip the car for a profit in less than five years, but this much is certain: Ford isn’t building any more RS200 Evos, so I’d call that a good investment. More results below.
The star of the RM Auction was this 1952 Ferrari 340 Mexico Coupe, which sold for an impressive $4,290,000. That blew the pre-auction estimate of $2.75 million to $3.5 million out of the water, but the car came from the private collection of former GM designer and Ferrari Club of America co-founder Larry Nicklin. It was one of only three built, and it had an extensive racing history; that was enough to spark a bidding war between potential phone buyers and those in attendance.
Another auction highlight (for me, at least) was the 2002 Cadillac Northstar LeMans Prototype that sold for $209,000. Pre-auction estimates had the car at $200,000 to $300,000, which makes this sale a relative bargain for the new owner. This car is the only Northstar LMP in private hands, it has a genuine racing pedigree and was the second to last LMP built; in other words, it’s money in the bank for the new owner (as long as they don’t stack it in a vintage race).