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MARKET: How Did That Break A World Record?

Writer's picture: Giles GunningGiles Gunning

Updated: Jun 9, 2024


New World Record As This Miura SV Sold For $4,900,000 | Source: RM Sotheby's
New World Record As This Miura SV Sold For $4,900,000 | Source: RM Sotheby's

What's going on here?

RM held their much anticipated Dare to Dream Collection sale in Canada at the weekend. Here are the headlines.


Tell me more

The Toronto based collection saw $65,500,000 of vehicles sold with proceeds going to charity.


The no-reserve auction, naturally, delivered a 100% sell-through rate.


The Miura SV sold for $4,900,000. A new world record by almost $600,000, despite being converted from LHD to RHD to LHD and with a now blue interior, rather than the original tan. Remarkable.


It's been over 5 years since a Maserati MC12 has sold publicly. RM's 6,780km car broke through the previous world record by over $1,300,000 when it sold for $3,800,000.


The 5,349 mile Enzo went for market rate at $4.295m. Most 288 GTOs recently have been at or around the $4,000,000 - RM's sold on the money at $3.88m.


Another one that caught our eye was the Veyron


It's long baffled me why prices on these have remained near enough flat over recent years. 


Sure, the running costs are through the roof but for a car that was the Concorde moment for the automotive world its lack of movement north in price is surely a matter of when, not if. 


Maybe it's about to be 'when'. A 3,022-mile Veyron sold at the end of last year for $1.49m. The Dare to Dream 3,780-mile Veyron sold for over $250k more, finishing at $1.765m. Is this the start of the rise?



The Top 10 Sales

  • 1972 Lamborghini Miura SV sold for $4,900,000

  • 2003 Ferrari Enzo sold for $4,295,000

  • 1996 Ferrari F50 sold for $4,240,000

  • 1985 Ferrari 288 GTO sold for $3,882,500

  • 2005 Maserati MC12 sold for $3,800,000

  • 2015 Ferrari LaFerrari sold for $3,690,000

  • 1990 Ferrari F40 sold for $3,470,000

  • 1967 Ferrari 275 GTB/4 sold for $3,305,000

  • 2015 McLaren P1 sold for $2,095,000

  • 1959 Mercedes-Benz 300 SL Roadster sold for $2,095,000


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