RM’s 2026 $12.19m Cavallino Classic auction

To no-one’s surprise, the top-selling motor car at RM’s low-key sale of just 11 Ferrari Classiche-certified cars at this year’s Cavallino was a red LaFerrari. The 2015 coupé achieved $5,230,000 all-in against its $4.45m to $4.75m estimate.

Only one car failed to find a new owner: the 1967 Ferrari 275 GTB/4, when announced bidding failed to reach $3m.

At a glance:

* Gross: $12,185,700
* Percentage sold by number, motor cars: 91%
* Top-selling car: 2015 Ferrari LaFerrari $5,230,000 gross, $4,750,000 net (est. $4.45m to $4.75m)

Tellingly, a 2009 Ferrari Scuderia Spider 16M, estimated at a strong $925k to $1m, sold for $1,105,000 gross. The car was essentially a ‘run-out’ model and 499 were built that year. Compare and contrast the result with that of the $1.545m 1964 Ferrari 500 Superfast Series 1 – 25 cars only, with 12 Series 2s, a true ‘Car of Kings’ – and the $1.463m 1955 Ferrari 250 Europa GT Coupé. The latter has always been a quintessential ‘Cavallino car’, prized by long-standing Ferrari experts with encyclopaedic knowledge of Maranello chassis numbers. Both older cars were competitively estimated and beat lower guide prices. All values with premium.

The ungainly 1971 365 GTB/4 ‘Daytona’ NART Spider by Michelotti went for $654,000 — the type of car bought by a classic car fund as a rare ‘one-off investment’. Good luck with that one.

Various items of Ferrari memorabilia topped and tailed the event, which closed with a two-piece dark blue suit custom-made for Enzo Ferrari by his personal tailor, Gabriele Bertazzoni, in 1979, selling for $54,000 gross. Estimated at $100k to $200k, it’s another example of older Ferrari style quite literally going out of fashion.

RM Sotheby’s at The Palm Beach Cavallino Classic, 14 February 2026 – results

Total gross cars: $12,185,700
Number of cars not sold: 1
Number of cars withdrawn: 0
Total number of cars: 11
Number sold: 10
Percentage cars sold by number: 91%
Percentage by value average low/high estimate: 74%
Percentage of cars sold below low estimate: 40%
Percentage of cars sold not met avge of estimates: 70%
Percentage of cars sold met/exceeded top estimate: 20%
Average value of cars sold: $1,218,570
Average year of cars offered: 1991
Percentage of cars offered at No Reserve: 18%

Photo by K500