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Three multimillion-dollar Ferraris are expected to become the most expensive cars ever sold in an online auction this month — explore them all

  • RM Sotheby's is auctioning off a Ferrari 288 GTO, F50, and Enzo on May 21.
  • All three cars are expected to fetch more than $2 million apiece.
  • The entire auction will be held online only, and RM Sotheby's believes that it could be the first auction company to sell a car worth more than $2 million online.
  • Visit Business Insider's homepage for more stories.

With the end of the COVID-19 pandemic nowhere in sight, many are consigned to largely staying at home and browsing life through the window of the internet. At least there are online car auctions to flip through.

Sure, they're online auctions where the cars are expected to fetch more than $2 million apiece — thus putting most of us out of the running to win — but scrolling through them is at-home entertainment all the same.

RM Sotheby's is hosting its Driving Into Summer online-only auction this month, which will open on May 21 and run through May 29. Because of the pandemic, it will be the company's first consignment-based collector car auction held exclusively online.

There are three cars — in my humble opinion — that headline this particular auction. They are iconic Ferraris: a 1985 Ferrari 288 GTO, a 1995 Ferrari F50, and a 2003 Ferrari Enzo. All three are expected to fetch well over $2 million apiece.

"I believe we'll be the first [auction company] to sell a car worth $2 million-plus online," Gord Duff, RM Sotheby's global head of auctions, told Robb Report recently.

An RM Sotheby's spokesperson backed up Duff's claims, telling Business Insider that to the best of the company's knowledge, "no other auction house has sold a car at this value in a dedicated, online-only collector car auction."

At least for me personally, I'd feel a little nervous about dropping nearly $3 million on a car sight unseen. But on the other hand, the car in question is a Ferrari Enzo. How messed up could an Enzo be? Here's to hoping those aren't someone's famous last words.

Anyway, the auction house says there will be more than 80 cars available. But let's go straight for the dessert first — those Ferraris. And then maybe a few of the other cars after that.

Read the original article on Business Insider
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