Famous 1952 Ferrari 340 sold for $4.3M image

Last Saturday, in Florida, a very rare 1952 Ferrari 340 was auctioned for 4.29 million dollars plus commission.

The car is one of only three 340 Mexico Coupes built, and took third place in the La Carrera Panamericana.

The engine was a revised version of the roadgoing 340 America’s 4.1-liter V-12. A modified camshaft, different carburetors, and other changes added some 60 horsepower, for a total of 280. The transmission, a 4-speed in the Ferrari 340 America, was a 5-speed here to handle the high speeds found in sections of the Carrera Panamericana.

In total, the single-day sale presented 103 lots, including a selection of vintage motorcycles, before a packed house, with bidders in the room joined by those on the phone and over the Internet. Illustrating RM’s global clientele, bidders hailed from over 24 countries around the world, including as far away as India, Argentina and the United Arab Emirates.

The RM Amelia Island sales total represents the highest tally achieved in the event’s 13 year history ($24.3 million in total sales), with over a 25% increase on the company’s 2010 sales figure.

RM’s Amelia Island Top 10 sales were as follows:

Lot 153 – 1952 Ferrari 340 Mexico Coupe $4,290,000
Lot 165 – 1930 Alfa Romeo 6C 1750 GS Spider $990,000
Lot 149 – 1933 Duesenberg Model J Torpedo Victoria $979,000
Lot 144 – 1930 Duesenberg Model J Convertible Coupe $962,500
Lot 166 – 1968 Ferrari 275 GTB/4 Berlinetta $935,000
Lot 163 – 1967 Ferrari 330 GTS $770,000
Lot 154 – 1953 Ferrari 212 Inter Coupe $660,000
Lot 152 – 1961 Mercedes-Benz 300 SL Roadster $627,000
Lot 161 – 1955 Mercedes-Benz 300 SL Coupe $627,000
Lot 172 – 1957 Ferrari 250 GT “Low Roof” Berlinetta $605,000