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RM/Sotheby's Monaco 2016 - Prices on the rollercoaster

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Created on May 15, 2016

Text:

Bruno von Rotz

Photos:

Courtesy of RM Sotheby's

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Tim Scott ©2016 Courtesy of RM Sotheby's

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Tom Gidden ©2016 Courtesy of RM Sotheby's

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Remi Dargegen ©2016 Courtesy of RM Sotheby's

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Cymon Taylor ©2016 Courtesy of RM Sotheby's

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Tom Wood ©2016 Courtesy of RM Sotheby's

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Dirk de Jager ©2016 Courtesy of RM Sotheby's

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Tom Gidden ©2015 Courtesy of RM Sotheby's

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Simon Clay ©2016 Courtesy of RM Sotheby's

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Jonathan Green ©2016 Courtesy of RM Sotheby's

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2016 © RM Sothebys Inc.

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Toby Wright ©2016 Courtesy of RM Sotheby's

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Tim Scott ©2016 Courtesy of RM Sotheby’s

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Picasa

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Jon Green ©2016 Courtesy of RM Sotheby's

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Dean Maryon ©2016 Courtesy of RM Sotheby's

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Tom Giddon - Courtesy RM/Sotheby's

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Phan Vu Nguyen ©2016 Courtesy of RM Sotheby's

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Tom Gidden ©2016 Courtesy of RM Sotheby’s

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Krause, Johansen

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©2013 Courtesy of RM Sotheby's

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Ryan Merrill ©2016 Courtesy of RM Sotheby's

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Bernard Canonne ©2016 Courtesy of RM Sotheby's

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Courtesy of RM Sotheby's

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Tim Scott ©2016 Courtesy of RM Sotheby's

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Tom Gidden ©2016 Courtesy of RM Sotheby's

13

Remi Dargegen ©2016 Courtesy of RM Sotheby's

10

Cymon Taylor ©2016 Courtesy of RM Sotheby's

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Tom Wood ©2016 Courtesy of RM Sotheby's

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Dirk de Jager ©2016 Courtesy of RM Sotheby's

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Tom Gidden ©2015 Courtesy of RM Sotheby's

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Simon Clay ©2016 Courtesy of RM Sotheby's

2

Jonathan Green ©2016 Courtesy of RM Sotheby's

2

2016 © RM Sothebys Inc.

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Toby Wright ©2016 Courtesy of RM Sotheby's

2

Tim Scott ©2016 Courtesy of RM Sotheby’s

2

Picasa

2

Jon Green ©2016 Courtesy of RM Sotheby's

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Dean Maryon ©2016 Courtesy of RM Sotheby's

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Tom Giddon - Courtesy RM/Sotheby's

1

Phan Vu Nguyen ©2016 Courtesy of RM Sotheby's

1

Tom Gidden ©2016 Courtesy of RM Sotheby’s

1

Krause, Johansen

1

©2013 Courtesy of RM Sotheby's

1

Ryan Merrill ©2016 Courtesy of RM Sotheby's

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Bernard Canonne ©2016 Courtesy of RM Sotheby's

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Porsche 959 'Komfort' Stage II (1988) - offered as lot 253 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 275 GTS/4 NART Spider by Scaglietti (1968) - offered as lot 254 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Benz 8/20 HP Tourer (1914) - offered as lot 112 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Cadillac Series 62 Sedan (1955) - offered as lot 113 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Mercedes-Benz 280 TE Estate (1978) - offered as lot 114 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 600 (1956) - offered as lot 115 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Citroën DS 19 (1964) - offered as lot 116 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Willys MB Military Jeep (1942) - offered as lot 117 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 1101A Campagnola (1962) - offered as lot 118 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Maserati Quattroporte III (1979) - offered as lot 119 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 500 C 'Topolino' (1951) - offered as lot 120 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Citroën 11BL Berline (1937) - offered as lot 121 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 509 A Spider (1927) - offered as lot 122 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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De Dion-Bouton K1 Chassis (1902) - offered as lot 123 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat Spider 2000 by Pininfarina (1983) - offered as lot 124 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Peugeot Type 172 BC '5 CV' (1925) - offered as lot 125 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Studebaker Champion DeLuxe Sedan (1948) - offered as lot 126 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 508 'Balilla' Berlina (1932) - offered as lot 127 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Lancia Lambda 1st Series Torpedo (1922) - offered as lot 128 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Rolls-Royce 20/25 HP Roadster (1932) - offered as lot 129 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 130 Coupé by Pininfarina (1972) - offered as lot 130 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Rolls-Royce Phantom II Sedanca de Ville by Hooper (1929) - offered as lot 131 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 525 N Spider by Carrozzerie Speciali Fiat (1930) - offered as lot 132 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Austin 7 Four-Seater Tourer (1931) - offered as lot 133 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Hispano-Suiza H6B Coupé Limousine by Binder (1930) - offered as lot 134 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 1500 A Berlina (1937) - offered as lot 135 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ford GPW Military Jeep (1942) - offered as lot 136 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Lancia Appia 1st Series Berlina (1955) - offered as lot 137 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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SCAT Tipo 14-1 Torpedo by Solaro (1914) - offered as lot 138 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Bugatti Type 57 Cabriolet by Gangloff (1939) - offered as lot 139 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 600 Multipla (1965) - offered as lot 209 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Porsche 911 Speedster (1989) - offered as lot 210 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Lancia Flaminia Sport Series I by Zagato (1958) - offered as lot 211 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Maserati Bora 4.7 (1975) - offered as lot 212 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Porsche 911 Turbo 'Ruf CTR' (1988) - offered as lot 213 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 365 GT4 BB (1974) - offered as lot 214 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Porsche 911 "007" by Peter Klasen (1965) - offered as lot 215 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Facel Vega HK500 (1961) - offered as lot 216 at the RM/Sotheby's auction in Monaco on May 14, 2016

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MG MGC GTS Sebring (1969) - offered as lot 217 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Jaguar XK 120 Alloy Roadster (1950) - offered as lot 218 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Lamborghini Countach LP400 S Series I by Bertone (1978) - offered as lot 219 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 575M Maranello F1 (2002) - offered as lot 220 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 850 Spiaggetta by Michelotti (1970) - offered as lot 221 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Bugatti Type 40 Roadster (1928) - offered as lot 222 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Alfa Romeo 6C 1750 Gran Sport Spider (1930) - offered as lot 223 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Mercedes-Benz 300 SL Gullwing (1955) - offered as lot 224 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Lancia Aurelia B24S Convertible by Pinin Farina (1958) - offered as lot 225 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Autobianchi Bianchina Transformabile Series I (1958) - offered as lot 226 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 330 GTC by Pininfarina (1968) - offered as lot 227 at the RM/Sotheby's auction in Monaco on May 14, 2016

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March 711 (1971) - offered as lot 228 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Alfa Romeo Giulia 1600 Sprint Speciale by Bertone (1963) - offered as lot 229 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Lamborghini 350 GT by Touring (1966) - offered as lot 230 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Austin-Healey 3000 Mk I Works (1961) - offered as lot 231 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 340 America Barchetta by Touring (1951) - offered as lot 232 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Chevrolet Corvette (1960) - offered as lot 233 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari F512 M (1995) - offered as lot 234 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Jaguar E-Type Series 1 4.2-Litre Roadster (1967) - offered as lot 235 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Mercedes-Benz 190 SL (1958) - offered as lot 236 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Porsche 356 B 1600 S Roadster by D'Ieteren (1961) - offered as lot 237 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Bentley R-Type Saloon "Rallye Monte-Carlo" (1952) - offered as lot 239 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 512 BB (1981) - offered as lot 240 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Lamborghini Diablo SE30 Jota (1995) - offered as lot 241 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Aston Martin DB AR1 by Zagato (2004) - offered as lot 242 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 275 GTS by Pininfarina (1966) - offered as lot 243 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Porsche 911 Carrera RS 2.7 Touring (1973) - offered as lot 244 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Alpine-Renault A110 (1965) - offered as lot 245 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 550 Barchetta Pininfarina (2001) - offered as lot 246 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Chevron B36 (1977) - offered as lot 247 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 250 GT/L Berlinetta Lusso by Scaglietti (1964) - offered as lot 248 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Bristol 400 Cabriolet by Pinin Farina (1947) - offered as lot 249 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Peugeot 205 Turbo 16 Evolution 1 Group B (1984) - offered as lot 250 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Peugeot 908 HDi FAP Le Mans Prototype (2008) - offered as lot 251 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari Dino 206 GT (1968) - offered as lot 252 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 275 GTS/4 NART Spider by Scaglietti (1968) - offered as lot 254 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Lancia Rally 037 Stradale (1982) - offered as lot 255 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 330 GTS by Pininfarina (1967) - offered as lot 256 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Bentley R-Type Continental Fastback Sports Saloon by H.J. Mulliner (1954) - offered as lot 257 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 575 Superamerica (2006) - offered as lot 258 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Jaguar XK 150 S 3.8 Drophead Coupé (1960) - offered as lot 259 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 512 BBi (1982) - offered as lot 260 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Porsche 911 GT1 Evolution (1997) - offered as lot 261 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 212 Inter Cabriolet by Vignale (1952) - offered as lot 262 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Alpine-Renault A110 1800 Group 4 Works (1974) - offered as lot 263 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Citroën 15 CV Roadster (1939) - offered as lot 264 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 365 GTS/4 Daytona Spider by Scaglietti (1972) - offered as lot 265 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Tucker 48 (1948) - offered as lot 266 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Porsche Carrera GT (2005) - offered as lot 267 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Alfa Romeo 6C 2500 Super Sport Cabriolet by Pinin Farina (1949) - offered as lot 268 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Porsche 911 Carrera RS (1992) - offered as lot 269 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 512 TR (1993) - offered as lot 270 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Aston Martin Virage GT Lightweight (1991) - offered as lot 271 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 365 GT 2+2 by Pininfarina (1969) - offered as lot 272 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Renault 5 Turbo Group 4 (1982) - offered as lot 273 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Jaguar E-Type Series 1 3.8-Litre Fixed Head Coupé (1961) - offered as lot 274 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 599 GTO (2011) - offered as lot 275 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Alfa Romeo Giulia Tubolare Zagato (1965) - offered as lot 276 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Alfa Romeo 1900C Sprint Supergioiello by Ghia (1953) - offered as lot 277 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Ferrari 550 Maranello (1998) - offered as lot 278 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Rolls-Royce Corniche IV Drophead Coupé by Mulliner Park Ward (1995) - offered as lot 279 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Mercedes-Benz 280 SL 'Pagoda' (1970) - offered as lot 280 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Chevrolet Corvette (1956) - offered as lot 281 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Bentley S3 Saloon (1963) - offered as lot 282 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Alfa Romeo RZ by Zagato (1993) - offered as lot 283 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Cagiva Moke (1993) - offered as lot 284 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Fiat 500 Mare by Holiday (1960) - offered as lot 285 at the RM/Sotheby's auction in Monaco on May 14, 2016

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HAZ Buggy (1969) - offered as lot 286 at the RM/Sotheby's auction in Monaco on May 14, 2016

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BMW 327 Sport Cabriolet (1938) - offered as lot 287 at the RM/Sotheby's auction in Monaco on May 14, 2016

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Benz 8/20 HP Tourer (1914) - als Lot 112 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Cadillac Series 62 Sedan (1955) - als Lot 113 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Mercedes-Benz 280 TE Estate (1978) - als Lot 114 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Fiat 600 (1956) - als Lot 115 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Citroën DS 19 (1964) - als Lot 116 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Willys MB Military Jeep (1942) - als Lot 117 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

The RM/Sotheby's auction in Monaco had been eagerly awaited, especially after the news that Max Girardo had left the successful auction house. However, his replacement, with a Dutch background and a similar talent for languages, did a pretty good job. The fact that the auction as a whole fell somewhat short of the certainly high expectations can certainly not (only) be blamed on him. It was more due to the choosy attitude of the bidders and perhaps the overall somewhat subdued atmosphere.

Little euphoria at the Quattroruote collection

The Quattruote collection auctioned from midday comprised 38 vehicles and engines; the Lancia Lambda was withdrawn even before the auction began. On average, the lots realized only about three quarters of the expected prices, but there were also vehicles (and engines) that sailed well above the estimate, such as the engine-transmission combination for the Fiat 525 N or a Singer racing bike.

Bugatti Type 57 Cabriolet by Gangloff (1939) - offered as lot 139 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

Bugatti Type 57 Cabriolet by Gangloff (1939) - offered as lot 139 as part of the Quattroruote Collection at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Courtesy of RM Sotheby's

The most expensive car, a Bugatti 57 from 1939 as a Gangloff Cabriolet, did more than respectably with a sales price of EUR 660,800 or CHF 726,880, while other vehicles certainly suffered from the fact that they were offered without a minimum price. A 1927 Fiat 509 A Spider, for example, sold for just EUR 20,000 or CHF 20,000 instead of the expected EUR 40,000 to 60,000. For a 1948 Studebaker Champion, the buyer only had to pay EUR 6160 or CHF 6776 (including commission).

NART Spider not sold despite 17 million bid

The bravest bidder offered EUR 17 million after a comparatively short bidding war that started at 13 million and continued first in one-million and then half-million increments, but this was not enough to win the rare open Ferrari 275 GTS/4 NART Spider from 1968, one of just under two handfuls built by Scaglietti.

Ferrari 275 GTS/4 NART Spider by Scaglietti (1968) - offered as lot 254 at the RM/Sotheby's auction in Monaco on May 14, 2016

Ferrari 275 GTS/4 NART Spider by Scaglietti (1968) - offered as lot 254 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tom Gidden ©2016 Courtesy of RM Sotheby's

This was not to be the only expensive Ferrari to break down. The NART Spider shared its fate with a 250 GT Lusso from 1964 (EUR 1.35 million highest bid), a 330 GTS from 1967 (EUR 1.8 million), the 365 GTS/4 Daytona Spider from 1972 (EUR 2 million) as well as three Berlinetta Boxers and other sports cars from Maranello.

Ferrari 365 GTS/4 Daytona Spider by Scaglietti (1972) - offered as lot 265 at the RM/Sotheby's auction in Monaco on May 14, 2016

Ferrari 365 GTS/4 Daytona Spider by Scaglietti (1972) - offered as lot 265 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tim Scott ©2016 Courtesy of RM Sotheby's

340 America as top seller

Nevertheless, one Ferrari remained the most expensive car at the auction, the 340 America as a 1951 Touring-Barchetta, which was worth EUR 7.28 million (CHF 8.008 million) to the buyer, saved the Reds' honor.

Ferrari 340 America Barchetta by Touring (1951) - offered as lot 232 at the RM/Sotheby's auction in Monaco on May 14, 2016

Ferrari 340 America Barchetta by Touring (1951) - offered as lot 232 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tim Scott ©2016 Courtesy of RM Sotheby's

The 275 GTS from 1966 (EUR 1.792 million, CHF 1.971 million) and the 212 Inter as a Vignale Cabriolet from 1952 (EUR 1.176 million, CHF 1.294 million) were also purchased.

Ferrari Dino 206 GT (1968) - offered as lot 252 at the RM/Sotheby's auction in Monaco on May 14, 2016

Ferrari Dino 206 GT (1968) - offered as lot 252 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Cymon Taylor ©2016 Courtesy of RM Sotheby's

The early Dino 206 GT from 1968 provided a positive surprise, fetching EUR 560,000 (CHF 616,000) including surcharge/commission instead of the expected EUR 400,000 to 450,000.

Battle of the rally cars - Renault versus Peugeot

Two laurel-winning rally cars from the 1980s were up for auction at RM: a Renault 5 Turbo Group 4 from 1982 and a Peugeot 205 T16 Group B from 1984.

Renault 5 Turbo Group 4 (1982) - offered as lot 273 at the RM/Sotheby's auction in Monaco on May 14, 2016

Renault 5 Turbo Group 4 (1982) - offered as lot 273 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Toby Wright ©2016 Courtesy of RM Sotheby's

While bids for the Peugeot stalled at EUR 500,000 (71% of the estimate), interested parties bid up to EUR 425,000 (142% of the median estimate) for the Renault, which meant a purchase price of EUR 476,000 or CHF 523,600 including commission (12%), while the Peugeot declined.

Peugeot 205 Turbo 16 Evolution 1 Group B (1984) - offered as lot 250 at the RM/Sotheby's auction in Monaco on May 14, 2016

Peugeot 205 Turbo 16 Evolution 1 Group B (1984) - offered as lot 250 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Toby Wright ©2016 Courtesy of RM Sotheby's

Rally cars were nevertheless in demand, with the 1961 Austin-Healey works three-liter selling for EUR 403,200 (CHF 443,520), well above its estimated value.

Austin-Healey 3000 Mk I Works (1961) - offered as lot 231 at the RM/Sotheby's auction in Monaco on May 14, 2016

Austin-Healey 3000 Mk I Works (1961) - offered as lot 231 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tom Gidden ©2016 Courtesy of RM Sotheby's

The surprising Aston Martin Zagato of the modern era

At EUR 180,000 to 230,000, the 2004 Aston Martin DB AR1 Zagato had a relatively moderate estimate, but bidders were prepared to go further. The hammer only fell at EUR 300,000, i.e. 146% of the estimate, which made the Aston EUR 336,000 or CHF 369,600 expensive.

Aston Martin DB AR1 by Zagato (2004) - offered as lot 242 at the RM/Sotheby's auction in Monaco on May 14, 2016

Aston Martin DB AR1 by Zagato (2004) - offered as lot 242 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tim Scott ©2016 Courtesy of RM Sotheby's

The neo-classic thus made many older investment sports cars look old, as many of these fell well short of their estimates but were still sold at high prices. Examples of this include the 1955 Mercedes-Benz 300 SL Gullwing, which found a new owner for EUR 1.232 million or CHF 1.355 million.

Porsche 959 'Komfort' Stage II (1988) - offered as lot 253 at the RM/Sotheby's auction in Monaco on May 14, 2016

Porsche 959 'Komfort' Stage II (1988) - offered as lot 253 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tim Scott ©2016 Courtesy of RM Sotheby's

The price of EUR 896,000 or CHF 985,600 for the Porsche 959 Komfort Stage II from 1988 is certainly no mean feat either, even if more than a million had actually been expected.

Expensive leisure vehicles

The surprise actually came at the end of the auction, when the last cars went under the hammer. Lots 284 to 286 were all leisure vehicles, and these were obviously very popular at the Monegasque auction.

Cagiva Moke (1993) - offered as lot 284 at the RM/Sotheby's auction in Monaco on May 14, 2016

Cagiva Moke (1993) - offered as lot 284 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tom Gidden ©2015 Courtesy of RM Sotheby's

Even the Cagiva Moke, a late licensed version of the Austin Mini Moke from 1993, attracted an impressive bid of 45,000 instead of the estimated EUR 10,000 to 15,000, which was 3.6 times the estimate.

Fiat 500 Mare by Holiday (1960) - offered as lot 285 at the RM/Sotheby's auction in Monaco on May 14, 2016

Fiat 500 Mare by Holiday (1960) - offered as lot 285 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Remi Dargegen ©2016 Courtesy of RM Sotheby's

But that's not all. The following Fiat 500 Mare from 1960 was also bid up to 47,000, costing the buyer EUR 52,640 or CHF 57,904.

HAZ Buggy (1969) - offered as lot 286 at the RM/Sotheby's auction in Monaco on May 14, 2016

HAZ Buggy (1969) - offered as lot 286 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tom Gidden ©2015 Courtesy of RM Sotheby's

And the following HAZ Buggy from 1969 based on a VW was then offered almost three times as much as expected, after three telephone bidders apparently simply did not want to give up. EUR 56,000 or CHF 61,600 is certainly a proud price for a buggy. However, it is not possible to deduce a trend.

Bargain

Some of the highest bidders got their dream classic at a reasonable price, at least compared to the estimate. The third-built Bristol 400 as a Pininfarina Cabriolet from 1947, for example, found its way into a new garage for EUR 224,000 (CHF 246,400); the estimate had been EUR 300,000 to 400,000.

Bristol 400 Cabriolet by Pinin Farina (1947) - offered as lot 249 at the RM/Sotheby's auction in Monaco on May 14, 2016

Bristol 400 Cabriolet by Pinin Farina (1947) - offered as lot 249 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tom Gidden ©2016 Courtesy of RM Sotheby's

And an early Jaguar XK 120 Roadster with aluminum bodywork from 1950 was sold for EUR 257,600 (CHF 283,360), again a significant discount compared to the EUR 325,000-450,000 estimate.

Jaguar XK 120 Alloy Roadster (1950) - offered as lot 218 at the RM/Sotheby's auction in Monaco on May 14, 2016

Jaguar XK 120 Alloy Roadster (1950) - offered as lot 218 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tom Gidden ©2016 Courtesy of RM Sotheby's

The bidders for Peter Klasen's 1965 Porsche 911 "007" were also unwilling to follow the auction house's recommendations, with the Artcar only fetching the buyer EUR 84,000 or CHF 92,400 instead of the expected EUR 200,000 to 300,000.

31 vehicles unsold

A total of 31 vehicles had to be reported as unsold. This was more than a third of the lots in the evening auction. Or 13.5 million euros in estimated value. A good ten million euros had been bid for them.

Porsche 911 Carrera RS (1992) - offered as lot 269 at the RM/Sotheby's auction in Monaco on May 14, 2016

Porsche 911 Carrera RS (1992) - offered as lot 269 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Tom Gidden ©2016 Courtesy of RM Sotheby's

In addition to the NART Spider and the other Ferrari mentioned above, the spurned lots also included a 1982 Lancia Rally 037 Stradale (highest bid EUR 280,000), a 1992 Porsche 911 Carrera RS (EUR 320,000), an Alfa Romeo 6C 1750 Gran Sport Spider from 1930 (EUR 800,000), a Group 4 works Alpine A110 (EUR 190,000), a Lancia Flaminia Sport ZAgato from 1959 (EUR 380,000) or a Lamborghini 350 GT from 1966 (EUR 550,000). There was no shortage of good bids, but the consignors obviously had much higher expectations.

Alfa Romeo Giulia Tubolare Zagato (1965) - offered as lot 276 at the RM/Sotheby's auction in Monaco on May 14, 2016

Alfa Romeo Giulia Tubolare Zagato (1965) - offered as lot 276 at the RM/Sotheby's auction in Monaco on May 14, 2016

Copyright / Photographer: Dirk de Jager ©2016 Courtesy of RM Sotheby's

This also applied to the Alfa Romeo Giulia TZ from 1965, which "only" elicited EUR 700,000 in bids instead of the EUR 950,000 to 1.2 million hoped for.

Vehicles auctioned

The following list shows all vehicles on offer with estimated prices (Est) and highest bids (Hbid) in EUR, as well as sales prices (VPreis) in EUR and CHF (conversion at the daily exchange rate: 1 EUR = 1.10 CHF). The "%Est" column compares the highest bids with the average estimated price. "Annull." stands for withdrawn lots. All data without guarantee.

The table can be sorted by clicking on the column headings.

Lot	Vehicle	Year	€ Est from	€ Est to	€ Hbid	% Est	€ VPrice	CHF VPrice
101	Ferrari Children's Spider (year ca)	1850	7500	9500	2500	0.29	2800	3080
102	Ferrari e Corsaniga Open Phaeton (year approx.)	1890	7000	9000	6000	0.75	6720	7392
103	Cesare Sala Calèche with Leather Suspension (year approx.)	1890	50000	65000	22000	0.38	24640	27104
104	Simonetti Sleigh (Yr approx.)	1800	6000	7000	2000	0.31	2200	2420
105	Michaux-Type Bicycle (year ca)	1856	2500	5000	4200	1.12	4680	5148
106	Fiat 525 N Engine and Transmission	1930	2000	3000	4000	1.6	4446	4891
107	Singer Racing Bicycle (year ca)	1879	2000	4000	5750	1.92	6435	7079
108	Lancia Ardea 4th Series Engine and Transmission	1950	4000	5000	1900	0.42	2106	2317
109	Hispano-Suiza H6B Engine	1930	15000	20000	29250	1.67	32760	36036
110	Suzuki T500 Titan III	1970	4000	5000	1675	0.37	1872	2059
111	Agrati-Garelli Katia MS	1974	1000	1500	625	0.5	702	772
112	Benz 8/20 HP Tourer	1914	80000	120000	35000	0.35	39200	43120
113	Cadillac Series 62 Sedan	1955	30000	40000	19000	0.54	21280	23408
114	Mercedes-Benz 280 TE Estate	1978	6000	8000	11500	1.64	12880	14168
115	Fiat 600	1956	15000	20000	11000	0.63	12320	13552
116	Citroën DS 19	1964	22000	26000	12000	0.5	13440	14784
117	Willys MB Military Jeep	1942	15000	18000	22000	1.33	24640	27104
118	Fiat 1101A Campagnola	1962	15000	20000	11000	0.63	12320	13552
119	Maserati Quattroporte III	1979	10000	15000	12500	1	14000	15400
120	Fiat 500 C 'Topolino'	1951	10000	14000	12000	1	13440	14784
121	Citroën 11BL Berline	1937	20000	25000	11000	0.49	12320	13552
122	Fiat 509 A Spider	1927	40000	60000	17857	0.36	20000	22000
123	De Dion-Bouton K1 Chassis	1902	40000	50000	40000	0.89	44800	49280
124	Fiat Spider 2000 by Pininfarina	1983	15000	20000	7500	0.43	8400	9240
125	Peugeot Type 172 BC '5 CV'	1925	15000	20000	11000	0.63	12320	13552
126	Studebaker Champion DeLuxe Sedan	1948	18000	25000	5500	0.26	6160	6776
127	Fiat 508 'Balilla' Berlina	1932	15000	20000	7500	0.43	8400	9240
128	Lancia Lambda 1st Series Torpedo	1922	160000	220000	annull.
129	Rolls-Royce 20/25 HP Roadster	1932	35000	50000	45000	1.06	50400	55440
130	Fiat 130 Coupé by Pininfarina	1972	15000	20000	14000	0.8	15680	17248
131	Rolls-Royce Phantom II Sedanca de Ville by Hooper	1929	100000	140000	62000	0.52	69440	76384
132	Fiat 525 N Spider by Carrozzerie Speciali Fiat	1930	60000	80000	63000	0.9	70560	77616
133	Austin 7 Four-Seater Tourer	1931	15000	20000	12000	0.69	13440	14784
134	Hispano-Suiza H6B Coupé Limousine by Binder	1930	220000	280000	95000	0.38	106400	117040
135	Fiat 1500 A Berlina	1937	35000	45000	35714	0.89	40000	44000
136	Ford GPW Military Jeep	1942	15000	20000	14500	0.83	16240	17864
137	Lancia Appia 1st Series Berlina	1955	12000	16000	12000	0.86	13440	14784
138	SCAT Tipo 14-1 Torpedo by Solaro	1914	50000	70000	38000	0.63	42560	46816
139	Bugatti Type 57 Cabriolet by Gangloff	1939	500000	600000	590000	1.07	660800	726880
206	Tucker 48 Engine, no. 33578 (year approx.)	1948	75000	100000	25000	0.29	30420	33462
207	MV Agusta 750 S America	1977	60000	80000	90000	1.29	105300	115830
208	Riva Ferrari 32	1990	180000	220000	72000	0.36	80640	88704
209	Fiat 600 Multipla	1965	30000	50000	38000	0.95	42560	46816
210	Porsche 911 Speedster	1989	150000	170000	115000	0.72	128800	141680
211	Lancia Flaminia Sport Series I by Zagato	1959	490000	580000	380000	0.71
212	Maserati Bora 4.7	1975	190000	240000	170000	0.79	201600	221760
213	Porsche 911 Turbo 'Ruf CTR'	1988	175000	225000	200000	1	224000	246400
214	Ferrari 365 GT4 BB	1974	380000	450000	320000	0.77
215	Porsche 911 "007" by Peter Klasen	1965	200000	300000	75000	0.3	84000	92400
216	Facel Vega HK500	1961	130000	160000	95000	0.66
217	MG MGC GTS Sebring	1969	150000	250000	125000	0.63	140000	154000
218	Jaguar XK 120 Alloy Roadster	1950	325000	450000	230000	0.59	257600	283360
219	Lamborghini Countach LP400 S Series I by Bertone	1978	350000	550000	450000	1	504000	554400
220	Ferrari 575M Maranello F1	2002	200000	250000	170000	0.76
221	Fiat 850 Spiaggetta by Michelotti	1970	60000	80000	55000	0.79	61600	67760
222	Bugatti Type 40 Roadster	1928	150000	200000	150000	0.86	168000	184800
223	Alfa Romeo 6C 1750 Gran Sport Spider	1930	900000	1200000	800000	0.76
224	Mercedes-Benz 300 SL Gullwing	1955	1100000	1300000	1100000	0.92	1232000	1355200
225	Lancia Aurelia B24S Convertible by Pinin Farina	1958	290000	350000	290000	0.91	324800	357280
226	Autobianchi Bianchina Transformabile Series I	1958	22000	28000	20000	0.8	22400	24640
227	Ferrari 330 GTC by Pininfarina	1968	550000	650000	430000	0.72	481600	529760
228	March 711	1971	550000	650000	400000	0.67
229	Alfa Romeo Giulia 1600 Sprint Speciale by Bertone	1963	125000	145000	100000	0.74	112000	123200
230	Lamborghini 350 GT by Touring	1966	700000	850000	550000	0.71
231	Austin-Healey 3000 Mk I Works	1961	250000	300000	360000	1.31	403200	443520
232	Ferrari 340 America Barchetta by Touring	1951	7500000	9000000	6500000	0.79	7280000	8008000
233	Chevrolet Corvette	1960	60000	90000	50000	0.67	56000	61600
234	Ferrari F512 M	1995	400000	500000	320000	0.71
235	Jaguar E-Type Series 1 4.2-Litre Roadster	1967	160000	190000	120000	0.69	134400	147840
236	Mercedes-Benz 190 SL	1958	130000	150000	130000	0.93	145600	160160
237	Porsche 356 B 1600 S Roadster by D'Ieteren	1961	240000	260000	190000	0.76
238	Riva Aquarama Special "Lealena"	1974	400000	500000	400000	0.89	448000	492800
239	Bentley R-Type Saloon "Rallye Monte-Carlo"	1952	80000	100000	42000	0.47	47040	51744
240	Ferrari 512 BB	1981	320000	380000	260000	0.74
241	Lamborghini Diablo SE30 Jota	1995	490000	550000	600000	1.15	672000	739200
242	Aston Martin DB AR1 by Zagato	2004	180000	230000	300000	1.46	336000	369600
243	Ferrari 275 GTS by Pininfarina	1966	1650000	1850000	1600000	0.91	1792000	1971200
244	Porsche 911 Carrera RS 2.7 Touring	1973	580000	680000	545000	0.87	610400	671440
245	Alpine-Renault A110	1965	110000	140000	85000	0.68
246	Ferrari 550 Barchetta Pininfarina	2001	375000	425000	450000	1.13	504000	554400
247	Chevron B36	1977	190000	230000	150000	0.71	168000	184800
248	Ferrari 250 GT/L Berlinetta Lusso by Scaglietti	1964	1550000	1800000	1350000	0.81
249	Bristol 400 Cabriolet by Pinin Farina	1947	300000	400000	200000	0.57	224000	246400
250	Peugeot 205 Turbo 16 Evolution 1 Group B	1984	600000	800000	500000	0.71
251	Peugeot 908 HDi FAP Le Mans Prototype	2008	1200000	1600000	950000	0.68
252	Ferrari Dino 206 GT	1968	400000	450000	500000	1.18	560000	616000
253	Porsche 959 'Comfort' Stage II	1988	900000	1250000	800000	0.74	896000	985600
254	Ferrari 275 GTS/4 NART Spider by Scaglietti	1968	19000000	23000000	17000000	0.81
255	Lancia Rally 037 Stradale	1982	335000	355000	280000	0.81
256	Ferrari 330 GTS by Pininfarina	1967	2100000	2400000	1800000	0.8
257	Bentley R-Type Continental Fastback Sports Saloon by H.J. Mulliner	1954	750000	950000	620000	0.73
258	Ferrari 575 Superamerica	2006	375000	425000	430000	1.08	481600	529760
259	Jaguar XK 150 S 3.8 Drophead Coupé	1960	300000	350000	250000	0.77	280000	308000
260	Ferrari 512 BBi	1982	325000	375000	280000	0.8
261	Porsche 911 GT1 Evolution	1997	2700000	3000000	2475000	0.87	2772000	3049200
262	Ferrari 212 Inter Cabriolet by Vignale	1952	1250000	1500000	1050000	0.76	1176000	1293600
263	Alpine-Renault A110 1800 Group 4 Works	1974	240000	280000	190000	0.73
264	Citroën 15 CV Roadster	1939	650000	1100000	520000	0.59
265	Ferrari 365 GTS/4 Daytona Spider by Scaglietti	1972	2400000	2800000	2000000	0.77
266	Tucker 48	1948	1350000	1850000	1200000	0.75	1344000	1478400
267	Porsche Carrera GT	2005	700000	850000	600000	0.77
268	Alfa Romeo 6C 2500 Super Sport Cabriolet by Pinin Farina	1949	550000	800000	480000	0.71
269	Porsche 911 Carrera RS	1992	375000	450000	320000	0.78
270	Ferrari 512 TR	1993	135000	165000	110000	0.73
271	Aston Martin Virage GT Lightweight	1991	150000	250000	80000	0.4	89600	98560
272	Ferrari 365 GT 2+2 by Pininfarina	1969	280000	340000	220000	0.71
273	Renault 5 Turbo Group 4	1982	250000	350000	425000	1.42	476000	523600
274	Jaguar E-Type Series 1 3.8-Litre Fixed Head Coupé	1961	125000	175000	125000	0.83	140000	154000
275	Ferrari 599 GTO	2011	700000	1000000	580000	0.68
276	Alfa Romeo Giulia Tubolare Zagato	1965	950000	1200000	700000	0.65
277	Alfa Romeo 1900C Sprint Supergioiello by Ghia	1953	490000	580000	350000	0.65
278	Ferrari 550 Maranello	1998	100000	140000	105000	0.88	117600	129360
279	Rolls-Royce Corniche IV Drophead Coupé by Mulliner Park Ward	1995	130000	160000	120000	0.83	134400	147840
280	Mercedes-Benz 280 SL 'Pagoda'	1970	100000	120000	140000	1.27	156800	172480
281	Chevrolet Corvette	1956	80000	100000	90000	1	100800	110880
282	Bentley S3 Saloon	1963	95000	125000	90000	0.82
283	Alfa Romeo RZ by Zagato	1993	70000	85000	48000	0.62	53760	59136
284	Cagiva Moke	1993	10000	15000	45000	3.6	50400	55440
285	Fiat 500 Mare by Holiday	1960	20000	30000	47000	1.88	52640	57904
286	HAZ Buggy	1969	15000	20000	50000	2.86	56000	61600
287	BMW 327 Sport Convertible	1938	110000	140000	120000	0.96	134400	147840

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Images of this article

Benz 8/20 HP Tourer (1914) - als Lot 112 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Cadillac Series 62 Sedan (1955) - als Lot 113 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Mercedes-Benz 280 TE Estate (1978) - als Lot 114 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Fiat 600 (1956) - als Lot 115 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Citroën DS 19 (1964) - als Lot 116 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

Willys MB Military Jeep (1942) - als Lot 117 angeboten im Rahmen der Quattroruote Collection an der RM/Sotheby's Versteigerung in Monaco am 14. Mai 2016

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