RM Sotheby’s Auction Achieves $74.5 Million at ModaMiami

RM Sotheby’s returned to Miami for the third consecutive year, achieving $74,491,720 in auction sales at ModaMiami, a luxury and lifestyle event. Held at the historic Biltmore Hotel in Coral Gables, Florida, on February 27-28, 2025, the auction featured over 80 cars, including rare models from the Indianapolis Motor Speedway Museum Collection.

The Indianapolis Motor Speedway Museum vehicles were showcased at premier auctions, including the Mercedes-Benz Museum in Stuttgart and during Rétromobile Week in Paris. Proceeds from the sales benefited the Indianapolis Motor Speedway Museum, supporting the Museum’s efforts to enhance and preserve its collection of Indianapolis 500 and Indianapolis Motor Speedway artifacts.

Highlights From the Auction

The remaining cars from the collection were sold at the RM Sotheby’s auction in Miami during ModaMiami. Here are some highlights of the cars sold at the auction:

• 1966 Ford GT40 Mk II: A highly original example campaigned by Holman-Moody at Sebring and Le Mans in 1966, sold for $13,205,000, exceeding its estimate by $2,205,000.

• 1957 Chevrolet Corvette SS Project XP-64: GM’s first purpose-built race car and a personal project of Zora Arkus-Duntov, sold for $7,705,000.

• 1908 Mercedes 17.3-Liter 150 HP “Brookland” Semmering Rennwagen: One of three surviving examples with fully documented race history, sold for $8,255,000.

• 1965 Spirit of America Sonic I: The jet-powered vehicle that set a 600.601-mph land speed record at Bonneville, sold for $1,325,000, exceeding its estimate by $325,000.

• 1996 Ferrari F50: The 154th of only 349 examples built, this 1996 Ferrari F50 is a low-mileage, showroom-quality supercar celebrating Ferrari’s 50th anniversary. This car sold for $5,532,500, a new world record.

• 1991 Ferrari F40: Built for Ferrari’s 40th anniversary, the twin-turbo icon was the first production car to surpass 200 mph and sold for $3,580,000.

To view all of the auction results, click here.