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One Collector's 21-Car Stash Expected to Sell for $65 Million

  • <p>"It is the single largest private collection that has ever been brought to auction," Ian Kelleher, managing director of RM Auctions, said in an interview.</p><p>He expects the McLaren F1 to fetch more than $12 million.</p>
    1/11

    RM Sotheby's $65 Million Auction

    "It is the single largest private collection that has ever been brought to auction," Ian Kelleher, managing director of RM Auctions, said in an interview.

    He expects the McLaren F1 to fetch more than $12 million.

    Reuters.
  • The collection, which spans 57 years of automotive history and design, boasts some of the finest sports and racing automobiles of the 1950s and 60s and includes Porsches, Ferraris, a 1993 Jaguar XJ220, bookend Bugatti Veyrons and the final Enzo gifted to the late Pope John Paul II.<br><br>The 2005 Ferrari Enzo that was given to the late Pope John Paul II by former Ferrari Chairman Luca Cordero di Montezemolo has an inscription under the hood and was auctioned on the Pope's behalf with the proceeds going to tsunami victims.
    2/11

    RM Sotheby's $65 Million Auction

    The collection, which spans 57 years of automotive history and design, boasts some of the finest sports and racing automobiles of the 1950s and 60s and includes Porsches, Ferraris, a 1993 Jaguar XJ220, bookend Bugatti Veyrons and the final Enzo gifted to the late Pope John Paul II.

    The 2005 Ferrari Enzo that was given to the late Pope John Paul II by former Ferrari Chairman Luca Cordero di Montezemolo has an inscription under the hood and was auctioned on the Pope's behalf with the proceeds going to tsunami victims.
    Patrick Ernzen ©2015 Courtesy of RM Sotheby's
  • <p>The collector remains anonymous.</p><p>"Last year we sold approximately $144 million of cars at Monterey, which is the single largest total for any collector car auction to date. This year we expect to eclipse that," Kelleher said.</p><p>The McLaren, which is on display at Sotheby's New York headquarters in Manhattan, is one of two that were brought back to the factory and upgraded to the Le Mans race specifications.</p><p>"It was effectively almost rebuilt from scratch, making it far superior to the road car, basically a road-going racecar," he explained. "It includes all of the LM special upgrades."</p>
    3/11

    RM Sotheby's $65 Million Auction

    The collector remains anonymous.

    "Last year we sold approximately $144 million of cars at Monterey, which is the single largest total for any collector car auction to date. This year we expect to eclipse that," Kelleher said.

    The McLaren, which is on display at Sotheby's New York headquarters in Manhattan, is one of two that were brought back to the factory and upgraded to the Le Mans race specifications.

    "It was effectively almost rebuilt from scratch, making it far superior to the road car, basically a road-going racecar," he explained. "It includes all of the LM special upgrades."

    Patrick Ernzen ©2015 Courtesy of RM Sotheby's
  • <p>Only five such McLarens were produced. All are in private hands.</p><p>"For most other modern cars there are virtually no other examples that are even remotely in this price range in terms of the collectability and desirability," Kelleher said.</p><p>"What makes it unique is that you can actually drive it," he said, adding the performance of the car is second to none.</p>
    4/11

    AUCTION-AUTOS

    Only five such McLarens were produced. All are in private hands.

    "For most other modern cars there are virtually no other examples that are even remotely in this price range in terms of the collectability and desirability," Kelleher said.

    "What makes it unique is that you can actually drive it," he said, adding the performance of the car is second to none.

  • The book-end Bugatti Veyrons, chassis No. 001 and No. 300, are the first and close to the end of the production run. The first Bugatti Veyron has 764 miles on it since it was sold new in 2006.
    5/11

    RM Sotheby's $65 Million Auction

    The book-end Bugatti Veyrons, chassis No. 001 and No. 300, are the first and close to the end of the production run. The first Bugatti Veyron has 764 miles on it since it was sold new in 2006.
    Patrick Ernzen ©2015 Courtesy of RM Sotheby's
  • Other vehicles include several classic Ferraris which will likely drive the majority of the sale total, like this 1967 Ferrari 275 GTB/4 by Scaglietti.
    6/11

    RM Sotheby's $65 Million Auction

    Other vehicles include several classic Ferraris which will likely drive the majority of the sale total, like this 1967 Ferrari 275 GTB/4 by Scaglietti.
    Patrick Ernzen ©2015 Courtesy of RM Sotheby's
  • The Ferrari section also includes the last 1994 Ferrari F40 LM supercar ever built.
    7/11

    RM Sotheby's $65 Million Auction

    The Ferrari section also includes the last 1994 Ferrari F40 LM supercar ever built.
  • The Jaguar XJ220 has 2,900 kilometers, and was one of only 281 built.
    8/11

    RM Sotheby's $65 Million Auction

    The Jaguar XJ220 has 2,900 kilometers, and was one of only 281 built.
    Patrick Ernzen ©2015 Courtesy of RM Sotheby's
  • The 2014 Bugatti Veyron Super Sport has 1,200 hp and a top speed of 267 mph.
    9/11

    RM Sotheby's $65 Million Auction

    The 2014 Bugatti Veyron Super Sport has 1,200 hp and a top speed of 267 mph.
    Patrick Ernzen ©2015 Courtesy of RM Sotheby's
  • Most of the collection reads like the highlights reel from the last few years of top-dollar car hunting. This 1955 Mercedes-Benz 300 SL Gullwing is one of the 29 built with an aluminum alloy body; like most of the cars in the collection, it's all original.
    10/11

    RM Sotheby's $65 Million Auction

    Most of the collection reads like the highlights reel from the last few years of top-dollar car hunting. This 1955 Mercedes-Benz 300 SL Gullwing is one of the 29 built with an aluminum alloy body; like most of the cars in the collection, it's all original.
  • The 1988 Porsche 959 Komfort has only seen 21,000 kilometers of use in its lifetime.
    11/11

    RM Sotheby's $65 Million Auction

    The 1988 Porsche 959 Komfort has only seen 21,000 kilometers of use in its lifetime.
<p>"It is the single largest private collection that has ever been brought to auction," Ian Kelleher, managing director of RM Auctions, said in an interview.</p><p>He expects the McLaren F1 to fetch more than $12 million.</p>
The collection, which spans 57 years of automotive history and design, boasts some of the finest sports and racing automobiles of the 1950s and 60s and includes Porsches, Ferraris, a 1993 Jaguar XJ220, bookend Bugatti Veyrons and the final Enzo gifted to the late Pope John Paul II.<br><br>The 2005 Ferrari Enzo that was given to the late Pope John Paul II by former Ferrari Chairman Luca Cordero di Montezemolo has an inscription under the hood and was auctioned on the Pope's behalf with the proceeds going to tsunami victims.
<p>The collector remains anonymous.</p><p>"Last year we sold approximately $144 million of cars at Monterey, which is the single largest total for any collector car auction to date. This year we expect to eclipse that," Kelleher said.</p><p>The McLaren, which is on display at Sotheby's New York headquarters in Manhattan, is one of two that were brought back to the factory and upgraded to the Le Mans race specifications.</p><p>"It was effectively almost rebuilt from scratch, making it far superior to the road car, basically a road-going racecar," he explained. "It includes all of the LM special upgrades."</p>
<p>Only five such McLarens were produced. All are in private hands.</p><p>"For most other modern cars there are virtually no other examples that are even remotely in this price range in terms of the collectability and desirability," Kelleher said.</p><p>"What makes it unique is that you can actually drive it," he said, adding the performance of the car is second to none.</p>
The book-end Bugatti Veyrons, chassis No. 001 and No. 300, are the first and close to the end of the production run. The first Bugatti Veyron has 764 miles on it since it was sold new in 2006.
Other vehicles include several classic Ferraris which will likely drive the majority of the sale total, like this 1967 Ferrari 275 GTB/4 by Scaglietti.
The Ferrari section also includes the last 1994 Ferrari F40 LM supercar ever built.
The Jaguar XJ220 has 2,900 kilometers, and was one of only 281 built.
The 2014 Bugatti Veyron Super Sport has 1,200 hp and a top speed of 267 mph.
Most of the collection reads like the highlights reel from the last few years of top-dollar car hunting. This 1955 Mercedes-Benz 300 SL Gullwing is one of the 29 built with an aluminum alloy body; like most of the cars in the collection, it's all original.
The 1988 Porsche 959 Komfort has only seen 21,000 kilometers of use in its lifetime.
Yahoo Autos

Deep-pocketed car lovers will have a chance to buy a rare McLaren F1 when it goes on the auction block this summer, as part of a sale of a private collection of some of the world's finest sports and supercars.

The 1998 orange, three-seater F1 "LM-Specification" car is one of the highlights of The Pinnacle Portfolio, a collection of 21 post-World War II cars that is expected to fetch a total of more than $65 million in a stand-alone sale on Aug. 13 by RM Sotheby's in Monterey, Calif., during the Pebble Beach Concours d'Elegance. Click through for more.