Monday, February 6, 2023
News Another Ferrari Shatters Online Auction Records

Another Ferrari Shatters Online Auction Records

Ferrari 550 racer, Spa winner, fetches top bid over $4 million from Sotheby's Monterey

  • Sold for more than $1 million over previous record holder

  • A deal for multiple race-winning Ferrari 550?


It hasn’t taken long for the online car auction record to be shattered. And, frankly, we don’t expect that to stop anytime soon as the major auctions move to a presence that’s solely online thanks to the pandemic. For the fifth time in a row, though, it’s a Ferrari that’s taken the new best price. This time, a 550 GT1 racecar.

$4.29 million (CAD 5.65) when the digital gavel fell for this privateer Ferrari at RM Sotheby’s 2020 Monterey auction. More than a million over the 275 GTB that sold earlier the same week, as Hagerty reports.

What made this Ferrari so special? Apart from being based on the best looking car the company ever made, that is?

2001 Ferrari 550 GT1 Prodrive | Photo: RM Sotheby’s/Remi Dargegen

For a start, this car had a serious racing pedigree. While Ferrari corporate was focusing on Formula 1, customers like Prodrive turned the 550 into a GT racer themselves. Prodrive, maybe better known for their WRC efforts and heading the Aston Martin racing efforts in the WEC, punched out the V12 from 5.5 to 6.0L and replaced the gearbox with a sequential racing model. Among plenty of other changes to help it compete with the likes of the Corvette C5R.

This particular example won the 24 Hours of Spa, the jewel on a crown including 15 poles, 14 race wins, and 29 podium finishes. It was also the last V12 to win a 24-hour race overall, says Hagerty.

Ferraris now represent the top five online sales. But with more sales coming up with a digital auctioneer, we expect that to change. And for the totals to keep climbing. Will one take over the top auction spot overall? Maybe, if the owner of the right car is ready to take a chance.

 

Trending Now

Audi is Working on an Electric RS6 e-Tron that will be launched Next Year

This model will use the new PPE platform and it will feature a wider body and larger wheels. The A6 e-Tron concept reportedly...

The Cadillac Lyriq will Now Qualify for US Clean Vehicle Tax Credits

The Lyriq was previously considered a sedan by the US Government. This now means the Lyriq can benefit from up to $7,500 in...

Nissan Ariya Will be Tough to Find in 2023

Nissan posted just 201 US sales last year Costs and raw materials will keep supplies tight in 2023 Nissan's Ariya EV was tough to...

General Motors Electric Vehicles Will Feature in Netflix Productions

The automaker signed a deal to have its EVs appear in movies and shows “Where relevant”. Productions in which GM vehicles will feature...

The 2023 Chevrolet Colorado and GMC Canyon will start at $37,197 and $48,487 respectively in Canada

Both midsize pickups share the same platform and mechanical elements. The Chevrolet is the only one to offer 2WD and a Work Truck...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.