RM Auctions’ inaugural Sporting Classics of Monaco event held on Saturday leaves little doubt that fine automobiles can be a rapidly appreciating investment. The average price achieved by the 88 cars which crossed the block was in excess of US$500,000 while the highest price fetched was EUR2,800,000 (US$3,799,600) for a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina SWB (pictured top right). Some remarkable cars were sold on the day, including (pictured clockwise from bottom right) one of the world’s most significant pre-war sports racing cars, the 1937 BMW 328 MM ‘Buegelfalte’ (undisclosed but believed to be in excess of US$6 million), a handmade Rolls Royce which was the most expensive car made in the world in 1933 (US$1,975,792) and a Maserati Tipo 61 ‘Birdcage’ (US$3,343,648). Full details, images and story inside.
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