RM Sotheby’s sells the Toronto-based car and sneaker collection for a record figure
Edited by Matthew Hayward
The Market BUYING + SELLING + ANALYSIS
WITH A TOTAL of 107 cars, 31 motorcycles, and 857 pairs of sneakers, as well as hundreds of items of automobilia, the RM Sotheby’s sale of Canadian entrepreneur Miles Nadal’s impressive Dare to Dream Collection raised a wtotal figure of $69.2m – the largest number ever achieved by the company for a single-owner, on-site collection. The cars and motorcycles represented the biggest chunk, accounting for $65.5m of that total.
Top-seller came in the form of a 1972 Lamborghini Miura P400 SV (pictured above), which set a new auction record for the model derivative at $4,900,000 – $1.4m over its top estimate. Nadal’s collection featured one of each Ferrari ‘halo’ model, and all sold well. These were led by the 2003 Ferrari Enzo at $4,295,000, followed closely by its 1996 F50 predecessor at $4,240,000. A $3,882,500 figure for the 1985 Ferrari 288 GTO was right on the money, as was the $3,470,000 final price for the 1990 F40.
Nadal’s collection features a significant number of other collector auction favourites, too, such as the ‘Holy Trinity’ of hypercars. The 2015 McLaren P1 ($2,095,000) and 2015 Porsche 918 Spyder ($1,875,000) made mid- and slightly above-estimate results, while the 2015 Ferrari LaFerrari managed ‘only’ $3,690,000, slightly below its lower estimate.
Other Porsche highlights came in the form of a matching-numbers 1973 911 Carrera 2.7 RS Touring, selling for a market-correct $747,500. A 930-generation 1990 Ruf BTR III ‘Flat Nose’ managed to shade that figure at $753,000. This unique-specification cabriolet was a genuine Ruf, one of around 25 built from scratch by the company, and it almost doubled its lower estimate. There was another particularly strong 911, in the form of an 895-mile 1989 Porsche 911 Turbo – one of only 62 flatnose models sold in the US. Estimated at $250,000-350,000, it achieved $500,000.
Of the two Mercedes-Benz 300SLs – one Gullwing and one Roadster – it was the drop-top that came out on top, with a very strong $2
