Ferrari's ‘Leggenda e Passione’ Auction Raises Over €63 Million

Last week, Ferrari auctioned away a one-off 2017 LaFerrari Aperta with the proceeds going to the Save the Children charity organization. In a separate report, we mentioned auction house RM Sotheby's estimate for the exclusive hypercar which was between €3 to €4 million (around P184 million to over P245 million). Well, the unique 70th anniversary was sold to the highest bidder to the tune of €8.3 million (over P507 million)--"a world record for a 21st century automobile," RM Sotheby's claims. A close second was the 1959 Ferrari 250 GT LWB California Spider by Scaglietti that went for €7.855 million (nearly P480 million). Overall, over 92 percent of the items on the auction block were sold with the total sales amounting to a little over €63 million (over P3.85 billion). "It has been a fantastic experience to return to Maranello and to conduct a sale in the company’s 75th anniversary year," said RM Sotheby's car specialist and the auction manager for the sale Augustin Sabatié-Garat. "The atmosphere throughout the whole weekend has been incredible and it was clear that buyers were keen to secure the very cars that we had on offer. The sale exceeded all our expectations and the enormous sum raised for charity through the sale of the LaFerrari Aperta was a wonderful way to end the evening."