1952 Ferrari 340 Mexico Fetches $4.29 Million At Amelia Island Auction

Money may not buy you happiness, but in large quantities, it could perhaps have bought you a vintage Ferrari or two over the weekend.

Chances are you’re at least remotely familiar with the 1952 Ferrari 340 Mexico coupe that was featured at RM Auctions’ Amelia Island auction (and a previous Potential Purchase of the week). If not, here’s a quick refresher: this car, one of three built by Ferrari, was piloted by Luigi Chinetti to a third-place finish in the 1952 running of La Carrera Panamericana before being sold to a string of private owners, including Ferrari Club of America co-founder Larry Nicklin.

Given the car’s limited production run and its documented race heritage, RM estimated the car would fetch between $2.75- and $3.75 million. Instead, the 340 Mexico managed to fetch almost double that, ultimately rolling off the auction block for a whopping $4.29 million.

That wasn’t the only early Ferrari to fetch beaucoup bucks at RM’s Amelia Island event. Another Nicklin-owned car, a Vignale-bodied 1953 212 Inter Coupe, looked rough on the surface, but was all original and the actual car used on Ferrari’s display stand at the 1953 Turin Motor Show. Bidding for the 212 Inter rose to a solid $660,000, which, like the 340 Mexico, was nearly double than the sums originally estimated.

Despite that princely sum, the 212 wasn’t the second most expensive automobile sold at the Amelia Island event. In fact, it was the sixth most expensive sale, eclipsed by the likes of a 1967 Ferrari 330 GTS ($770,000), a 1968 Ferrari 275 GTB/4 Berlinetta ($935,000), a 1930 Duesenberg Model J convertible ($962,500), a 1933 Duesenberg Model J Torpedo Victoria ($979,000), and a 1930 Alfa Romeo 6C 1750 GS Spider ($990,000).

Source: RM Auctions

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