Vintage Ferraris Sell for Seven Figures at RM Amelia Island

You wouldn't know we were in the midst of a major recession. Not by looking at the recent results from Amelia Island last week, where RM Auctions managed to sell some $19 million worth of cars with a remarkable 88% sale rate. Among them were four automobiles that exceeded the million-dollar mark: one classic Duesenberg, and three classic Ferraris.

But the vintage Prancing Horses in question were not from the iconic 250 series –like the GTO, Testa Rossa or California Spyder – which has broken all the records recently. These were the models that came after, and they each fetched seven figures. A rare 1971 Daytona Spyder once owned by auto scion Edsel Ford II sold at a hair over a million. A copper-toned, alloy-bodied 275 GTB/4 used as Ferrari's North American show car in 1967 went for a little under estimate at $1.26 million. And a stunning yellow 275 showpiece topped the bidding at $1.65 million, setting new high-water marks for late 60\'s/early 70s Ferraris.