Ferrari Mexico hammers for $4.29 million at RM’s Amelia auction

Photo by Shooterz.biz, courtesy RM Auctions

Florida’s Amelia Island has long been home to the exquisite Amelia Island Concours d’Elegance, the first prominent American concours of the year. Set on the ocean at the lavish Ritz-Carlton hotel, founder and chairman Bill Warner‘s four-day affair has become one of the most anticipated and enjoyable events in the old-car hobby.

This year’s 16th annual Amelia Island Concours events took place this past weekend, and as usual, RM Auctions hosted their annual “Automobiles of Amelia Island” Auction on Saturday on the grounds of the Ritz-Carlton, in conjunction with the Concours. Their biggest bell ringer was a 1952 Ferrari 340 Mexico Vignale Coupé, which brought a staggering $4.29 million (including a 10 percent buyer’s premium).

This pretty red fastback, chassis number 0224 AT, came from its 30-year spot in the collection of former GM designer and Ferrari Club of America co-founder Larry Nicklin. This Mexico was one of three built, and it enjoyed a distinguished competition pedigree. Also sold was Mr. Nicklin’s 1953 Ferrari 212 Inter Vignale Coupé – chassis number 0267 EU- which brought $660,000.

“The results are overwhelming,” Mr. Nicklin said after the sale. “I am thrilled with the prices achieved for my two Ferraris.”

RM Auctions reported 96 percent sell-through and $24.3 million in sales from the Automobiles of Amelia Island event; other top selling vehicles included a 1930 Alfa Romeo 6C 1750 GS Spider ($990,000), a 1933 Duesenberg Model J Torpedo Victoria ($979,000),  a 1961 Mercedes-Benz 300 SL Roadster ($627,000) and a 1930 Cadillac Sixteen Roadster ($506,000).

For images and additional auction results, as well as links to RM’s upcoming auctions, visit the RM Auctions results website.

Written by Mark J. McCourt

March 16th, 2011 at 8:59 am

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