Auction

#RaceAgainstCovid Auction Raises $1.8M

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The FIA put on an auction through RM Sotheby’s to raise money to support the global COVID-19 response.

Looking past inconveniences such as cancelled classic car auctions and closed automotive-themed museums, there has been a great global toll – both in terms of health and financial – due to COVID-19 even as things appear to be cautiously returning back to normal. In an effort to help out, the FIA hosted an online-only, no-reserve auction through RM Sotheby’s to raise money for the International Federation of Red Cross. As is the case with most charity/fundraising events, most of the lots for the #RaceAgainstCovid Auction ended up surpassing their pre-auction price estimates, and when all lots were closed, more than £707,000 (about $881,000 USD) had been raised! And that doesn’t even include the FIA’s initial donation of 1 million euros ($1.12 million USD).

While most

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A 2003 Ferrari sold for $2.6 million at auction, setting a record for the most expensive car ever sold online

2003 Ferrari Enzo.
2003 Ferrari Enzo.

Karissa Hosek/Courtesy of RM Sotheby’s

  • A Ferrari Enzo was part of RM Sotheby’s Driving into Summer online-only auction.

  • It sold for $2.6 million.

  • RM Sotheby’s says it is the “most valuable car sold in a dedicated online-only collector car auction to date.”

  • Visit Business Insider’s homepage for more stories.

A 2003 Ferrari Enzo was up for auction as part of RM Sotheby’s Online Only: Driving into Summer collection. The company estimated the Enzo will go for between $2.6 to $2.9 million. It sold for $2.6 million.

That’s a hefty amount for a car no matter which way you look at it. But the Enzo isn’t just any car. It’s not even just any Ferrari, either. You needn’t look further than the fact that the company named it after its founder, Enzo Ferrari, to know that it’s something to behold. 

Ferrari produced the Enzo from 2002 to 2004.

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Ferrari Enzo Sets Online Car Auction Record

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Never before has a car auctioned on the internet sold for this much.

Update: The 2003 Ferrari Enzo sold for $2,640,000 to set a new record for the most expensive car to ever be sold in an online auction. Also impressive, the 1985 Ferrari 288 GTO sold for $2,310,000. However, the 1995 Ferrari F50 failed to sell, but is still available with an asking price of $2,500,000.

Thanks to the COVID-19 shutdowns which have swept across the globe, car auctions have been forced to move to the internet. This has created both opportunities and challenges, especially for auction houses caught flat-footed. Now, it will also most likely lead to a new record for the most expensive car auctioned online, thanks to three highly-desirable Ferraris.

Three Ferraris Poised To Set Online Auction Record

The first of these three cars is a 1985 Ferrari

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Car-Tech Auction| Wholesale dealer auto auction| Auto Auctions| Matawan,NJ

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