Ferrari Leads the Way at the Amelia Auction
Total sales at the recent Amelia Island classic car auction reached a record level of $178.4 million.
Any fears of a recession, rising rates or the falling stock market were completely blown away and proved once again that the collectible market is still strong. Seven of the top ten cars sold in terms of value were Ferraris, so the Prancing Horse was certainly leading the pack here.
The previous sales record for this event was $140 million back in 2016, and at this year's event over 390 cars were sold, at an average price of $455,293, up from $435,939.
43 cars sold for over $1 million, up from 33 last year, and while collectors are starting to decline some over-priced offerings, overall demand for top trophy cars remains strong, especially among a new generation of millennial collectors.
The most expensive car sold at Amelia Island was a 1962 Ferrari 250 GT SWB California Spider, sold at Gooding & Company for $18 million, setting a record in the process for a car sold at the Amelia Island auctions.
In second place and not a Ferrari, was a 2010 Pagani Zonda R Coupe that went for $5.3 million at RM Sotheby's, followed by a 1995 Ferrari F50 Coupe that sold for $5.1 million, also at RM Sotheby's.
1980s and 1990s sports cars proved popular due to having the look and performance of many modern-day supercars but with a lower price tag and a somewhat more retro image.
The other five Ferraris that featured in the top 10 sellers were as follows;
A 1985 Ferrari 288 GTO Coupe at almost $4 million, a 1967 Ferrari 275 GTB/4 Coupe at a shade over $3.5 million, a 1953 Ferrari 250 MM Spider also at just over $3.5 million, a 1990 Ferrari F40 Coupe at just over $3 million, and finally a 1973 Ferrari 365 GTS/4 Daytona Spider for just over $2.5 million.
For the record, a 1931 Duesenberg Model J Murphy Convertible Coupe and a 1953 Maserati A6GCS/53 Spyder were the other two cars that made it into the Ferrari-dominated winner's enclosure.
To view a great selection of current Ferraris for sale then look no further than our marque-dedicated site right here at www.ferrarimotorcarsales.com
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