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Luxury

Love supercars and online shopping? 2 ultra-rare Ferraris sold for more than US$2 million at auction – without the buyers seeing them in person

STORYBusiness Insider
The 2003 Ferrari Enzo & 1985 Ferrari 288 GTO both sold for well over US$2 million. Photo: RM Sotheby's
The 2003 Ferrari Enzo & 1985 Ferrari 288 GTO both sold for well over US$2 million. Photo: RM Sotheby's
Automotive industry

A Ferrari Enzo supercar set a new online auction record, selling for an amazing US$2.6 million, while a 1985 Ferrari 288 GTO went for US$2.3 million, as auctioneers RM Sotheby's shift more than 80 collectable cars online

With the end of the Covid-19 pandemic nowhere in sight, many are consigned to largely staying at home and browsing life through the window of the internet. At least there are online car auctions to click through.

RM Sotheby's hosted its Driving Into Summer online-only auction last month from May 21 to May 29. Because of the pandemic, it was the company's first consignment-based collector car auction held exclusively online and more than 80 cars were available.

More than 550 bidders took part from 35 countries, with 24 per cent bidding with the auction house for the first time.

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Three iconic Ferraris got car nuts salivating: they were a 1985 Ferrari 288 GTO, a 1995 Ferrari F50, and a 2003 Ferrari Enzo. The 288 GTO and Enzo fetched well over US$2 million apiece, but the F50 did not meet the reserve.

“I believe we'll be the first [auction company] to sell a car worth US$2 million-plus online,” Gord Duff, RM Sotheby's global head of auctions, told Robb Report recently.

An RM Sotheby's member of staff backed up Duff's claims, telling Business Insider that to the best of the company's knowledge, “no other auction house has sold a car at this value in a dedicated, online-only collector car auction”.

In total, RM Sotheby's raised US$16,385,738 in sales during the Driving into Summer online-only auction. The Ferrari Enzo indeed became what the auction house claims is the “most valuable car sold in a dedicated online-only collector car auction to date”. It sold for US$2.6 million.

Take a closer look at what other highly collectable motors went under the online hammer.

First up is this 1985 Ferrari 288 GTO, which sold for US$2.3 million

1985 Ferrari 288 GTO. Photo: RM Sotheby's
1985 Ferrari 288 GTO. Photo: RM Sotheby's
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