1957 Ferrari 625 TRC Tops RM Auction in Monaco fetching $6.4 Million

RM Auctions, the world’s largest collector car auction house for investment-quality automobiles, continued its record-breaking sales run in Europe this past weekend, generating a spectacular €33,521,710 in sales* ($43,410,615 USD**) with 87 percent of all lots sold at its biennial Monaco sale at the Grimaldi Forum.

Held during the same weekend as the Grand Prix de Monaco Historique, the two-day auction presented a magnificent collection of more than 90 blue-chip automobiles, 100 Ducati motorcycles and three boats. As many as ten motor cars achieved individual prices exceeding €1 million, with four lots surpassing €2 million. In addition, the sale boasted several new all-time records for a number of specific cars and motorcycles sold at a public sale.

The spectacular results rank the sale as one of the most successful collector car auctions ever staged in Europe as well as RM Europe’s highest grossing sale to date, eclipsing the strong results achieved by the Company at both its debut sale in Monaco in 2010 as well as the highly successful 2007 Ferrari Leggenda e Passione event.

Illustrating RM’s extensive international client base, bidders hailed from 33 countries around the world, including as far away as China, Brazil and the United Arab Emirates.

“Monaco 2012 has been a fantastic success. With in excess of 33.5 million sold, this sale rates as one of Europe’s highest grossing collector car sales of all time and most certainly the highest grossing collector car auction in Europe this year. Once again, RM has proved itself to be the preeminent force in the collector car auction scene,” says Max Girardo, Managing Director, RM Europe.