Vintage Ferraris Sell for Seven Figures at RM Amelia Island

You would’t know we were in the midst of a major economic recession. Not by looking at the latest results from Amelia Island Event in Florida last week, where RM Auctions managed to sell some $19 million worth of cars with a remarkable 88% sale rate.

You would’t know we were in the midst of a major economic recession. Not by looking at the latest results from Amelia Island Event in Florida last week, where RM Auctions managed to sell some $19 million worth of cars with a remarkable 88% sale rate. Among them were four automobiles that exceeded the million-dollar mark: one classic Duesenberg, and three vintage Ferraris.

e.g., a rare Ferrari Daytona Spyder once owned by Edsel Ford II, brought in $1,017,500 – safely inside the $1-1.25 million estimate range. Another, an alloy-bodied 275 GTB/4 in stunning copper, which was purchased new by Luigi Chinetti and displayed at the 1967 New York Auto Show, went for $1,265,000 – a little short of its estimate.

It was bested, however, by the meticulously-restored, stunning yellow 1967 Ferrari 275 GTB 4 Berlinetta that greatly exceeded its estimate with a $1,650,000 winning bid, setting new high-water mark for late 60’s/early 70’s Ferraris.

Some words about this car. The 1967 Ferrari 275 GTB/4 Berlinetta is powered by a 3.3 L V12 engine which was capable of over 300 horsepower, pushing this vintage car to 165 mph (sounds good, isn’t it?!) It’s shape was crafted by Pininfarina, a lovely skin that was a great inspiration to later Ferrari styling.

Check some photos of the breathtaking 1967 Ferrari 275 GTB/4 Berlinetta from the gallery below after the jump. [RmAuctions via AutoBlog and TheCoolist]

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