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Zurich Ferrari sale falls short of estimate as Las Vegas prices soar

Zurich Ferrari sale falls short of estimate as Las Vegas prices soar

At a Broad Arrow auction in Zurich, a 2015 Ferrari LaFerrari sold for 5.86 million Swiss francs, well below its 7.5 million-franc estimate.

The rare white car had been delivered to Hong Kong and had travelled just 92 kilometres.

Broad Arrow’s Zurich sale brought in 24.7 million francs, and about 80 per cent of the lots found buyers.

But the biggest prices were far higher in Las Vegas, where the same auction house sold collector cars worth 92.8 million dollars a week earlier.

A 2014 LaFerrari there fetched 8.805 million dollars, a record for the standard coupe, while a Ferrari F50 sold for a model-record 18.705 million dollars.

Rare cars do not all command the same price: condition, mileage, colour and a car’s history can affect what buyers will pay.

The results show a gap between the Zurich and US auction markets, and the next major Ferrari sale is expected in New York, though further details are not given.

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