RM Sotheby’s Monterey 2023 Highlights Featuring the Lost & Found Collection
- Images by Shawn Glad
Monterey Car Week in California, well known for prestigious events like the Pebble Beach Concours d’Elegance, The Quail, and the Rolex Monterey Motorsports Reunion, doubles as a premier destination for world-class automobile auctions. Among the standouts is RM Sotheby’s auction, ideally situated at the Portola Hotel & Spa and Monterey Conference Center in downtown Monterey. This year, it was held on August 17-19, and true to form, the Sotheby’s lineup showcased a diverse group of cars, including 20 rare Ferrari “Barn Finds” that did not disappoint.
Dubbed the “Lost & Found Collection,” the 20 Ferraris were reported to have been found in a Florida barn, post-Hurricane Charley in 2000. These cars were displayed in the hotel’s rear plaza, complete with storm damage, in an as-found condition. The collection, sold at no reserve, pulled in a total of $16.7 million. Notably, a 1965 Ferrari 275 GTB/6C Alloy by Scaglietti sold for $3.3 million. A 1954 Ferrari 500 Mondial Spider Series I by Pinin Farina, despite its heavily damaged state and being hardly recognizable, brought in $1.8 million — kind of wild given its condition, which might best be described as a donor VIN.
I’ve included a few personal highlights along with the sale prices posted by RM Sotheby’s — it will be interesting to look back on these auction cars in the coming years, especially when we see them pop up at the race track or on the fairway.
1976 Ferrari 308 GTB ‘Vetroresina’ by Scaglietti
Chassis: 19545
From the Lost & Found Collection
This 1976 Ferrari 308 GTB ‘Vetroresina,’ crafted by Scaglietti, is one of the 712 fiberglass-bodied units made. It has its original engine and gearbox, with a classic Rosso Corsa exterior over a tan leather interior with black inserts. Walter Medlin acquired it in 1979, and by the time of cataloging, it had logged 9,587 miles.
“A rare and highly desirable early 308 GTB not exhibited in decades.”
Sold: $78,400
1954 Ferrari 500 Mondial Spider Series I by Pinin Farina
Chassis: 0406 MD
From the Lost & Found Collection
This 1954 Ferrari 500 Mondial Spider Series I by Pinin Farina, is the second Mondial built and one of only 13 originally outfitted with Pinin Farina spider coachwork. It was raced in 1954 by former Scuderia Ferrari driver Franco Cortese, known for achieving Ferrari’s first overall win. Its competition history spans iconic Italian races like the Mille Miglia, Targa Florio, and Imola Grand Prix. It has a larger 3.0-liter Tipo 119 Lampredi inline-four engine and retains its original gearbox. The sale includes factory build sheets and CSAI homologation papers.
“Domiciled under current ownership for nearly 50 years; prime candidate for an intriguing restoration project.”
Sold: $1,875,000
1956 Ferrari 250 GT Coupe Speciale by Pinin Farina
Chassis: 0469 GT
From the Lost & Found Collection
This 1956 Ferrari 250 GT Coupe Speciale by Pinin Farina is a one-off (among four) 250 GTs built in 1956. Its first notable owner was King Mohammed V of Morocco, and it has maintained its original engine throughout its history. Since 1962, it has had only two American owners, spending the last 49 years in storage under the care of its current owner.
“A unique 250 GT worthy of a full restoration that could dazzle on the global concours stage.”
Sold: $1,655,000
1965 Ferrari 275 GTB/6C Alloy by Scaglietti
Chassis: 07809
From the Lost & Found Collection
This 1965 Ferrari 275 GTB/6C Alloy by Scaglietti, the first long-nose version with an alloy body and six carburetors, was displayed by Ferrari at the 1965 Turin Motor Show. It raced in the 1966 Targa Florio, initially owned by Autosprint publisher and privateer racer Luciano Conti. It has been in storage for 44 years under current ownership.
“A historically significant race-specified 275 with numbers-matching engine ideal for full restoration.”
Sold: $3,305,000
1978 Ferrari 512 BB Competizione
Chassis: 24131
From the Lost & Found Collection
This 1978 Ferrari 512 BB Competizione, one of only three factory-prepared for the 1978 24 Hours of Le Mans, was entered by Luigi Chinetti for the North American Racing Team (NART). It still retains much of its original ‘as it left the track at Le Mans’ condition. Having been in storage for 42 years, it has a brief history of ownership, with just two private caretakers. It comes with copies of factory correspondence and an ACO Le Mans characteristics sheet, likely adding to the value.
“Ultra-rare example of the original 512 BB Competizione variant.”
Sold: $1,490,000
1956 Porsche 550A Prototype ‘Le Mans’ Werks Coupe
Chassis: 550A-0104
The 1956 Porsche 550A Prototype ‘Le Mans’ Werks Coupe is the only remaining example of Wilhelm Hild and Erwin Komenda’s unique ‘fastback roof’ design for the 550A, including a fully documented provenance since new. Achieving 1st in class and 5th overall at the 1956 24 Hours of Le Mans as a Porsche Werks entry with drivers Richard von Frankenberg and Wolfgang Graf Berghe von Trips, it later had a successful record in privateer racing up until 1968 with drivers John Edgar, Jack McAfee, and Ken Miles. Part of the Palmaz Collection, it was showcased at the 2015 Amelia Island Concours d’Elegance.
“Irreproachable, historically significant, museum-grade piece of Porsche Werks’ legendary motorsports heritage; sure to be welcome at many of the world’s most exclusive vintage racing events and preeminent concours.”
Sold after Auction: (Estimated at $5.5-7.5 million)
2001 Ferrari 550 Maranello Prodrive
Chassis: CRD03
The 2001 Ferrari 550 Maranello Prodrive, with five entries in the 24 Hours of Le Mans—the most for any 12-cylinder Ferrari chassis—secured a GTS class podium in 2004 and pole position in 2002 at Le Mans. It finished 2nd in the 2003 American Le Mans Series and 3rd in the 2005 Le Mans Endurance Series, amassing five wins, 14 podiums, and 10 pole positions overall. As the third of only ten such Ferraris raced in its era by Care Racing Development, it was driven by World Rally Champion Colin McRae to a class podium in the 2004 Le Mans. Originating directly from Ferrari through Care Racing Development founder Frédéric Dor, who initiated the Prodrive project, this vehicle comes with a comprehensive spares kit, including its 2004 Le Mans V-12 engine, and is well-suited for the Ferrari Club Competizione GT, Le Mans Classic, Masters Endurance Legends, and Endurance Racing Legends series.
“Certified by Ferrari Classiche in Maranello.”
No Sale. (Estimated at $8-9.5 million)
1983 LANCIA LC2
Chassis: 0002
This 1983 LANCIA LC2 is one of only three Lancia Works cars built for the 1983 World Endurance Championship. It entered the 24 Hours of Le Mans twice, securing a 6th place finish in 1985, winner at the 1983 1000 Kilometres of Imola, with additional podiums at Mugello and Kyalami. Restored by Canepa in Scotts Valley, California, between 2015 and 2016.
“Accompanied by a Lancia Certificate of Origin, restoration binders and assorted spares.”
Private Sale. (Estimate not provided)
1987 Citroën BX 4TC
Chassis: VF7XBXL0000XL0069
From the World Rally Classics Collection
The 1987 Citroën BX 4TC is rare, with just 62 units originally sold and only 30 thought to remain. This vehicle is the second to last of the first series ever made, and the most recent of its series to survive. It has had five owners since new and shows an odometer reading of 53,192 km (~33,052 miles) at the time of cataloging.
“Accompanied by its original factory manual, jack, spare wheel and an extensive history file.”
Sold: $89,600
1986 Ford RS200 Evolution
Chassis: SFACXXBJ2CGL00084
From the World Rally Classics Collection
This 1986 Ford RS200 Evolution, is one of only 24 built, and equipped with an uprated 2.1-liter Ford BDT engine delivering over 600 hp. Imported into the U.S. by collector and Colorado Grand founder Bob Sutherland, it had single ownership from 1989 to 2017 before passing to just two subsequent owners. It has received a comprehensive engine overhaul by UK RS200 specialist Geoff Page and was recently upgraded with a Tilton carbon twin-plate clutch for better drivability.
“Presented in wonderfully original condition wearing factory-correct livery, and accompanied by its rare original factory toolkit.”
Sold: $615,500
1952 Kurtis Kraft 4000 “Bowes Seal Fast”
Chassis: 346
From the Terence E. Adderley Collection
The 1952 Kurtis Kraft 4000 “Bowes Seal Fast” finished 5th place at the 1952 Indianapolis 500 with driver Art Cross, who was honored with the Speedway’s inaugural Rookie of the Year award. It underwent a full restoration in the 1990s and is an AACA-certified competition race vehicle. This car was also a class winner at the 1996 Pebble Beach Concours d’Elegance and winner of the Tony Hulman Memorial Cup.
“One of approximately 15 built; a rare and correct example of Frank Kurtis’s dirt-track and Indy car.”
Sold for: $112,000
2019 Porsche 935
Chassis: WP0ZZZ99ZKS199150
From the Todd Blue Collection
Unveiled at the 2018 Rennsport Reunion VI at Laguna Seca and celebrating Porsche’s 70th anniversary, the 2019 Porsche 935 is a modern homage to the iconic 935 race car that won at the 24 Hours of Le Mans, contributing to Porsches dominance in motorsports. Number 50 of 77 units produced, this 935/19, is based on the 991.2-generation 911 GT2 RS Clubsport and features a carbon-fiber composite body. The 3.8-liter twin-turbo flat-six engine develops 700 horsepower enabling a sprint from 0 to 62 mph in just 2.5 seconds and reaching speeds up to 211 mph.
“A unique Porsche track car ideal for use at Rennsport Reunion.”
Sold: $1,600,000