Just before the beginning of the Historic Monaco Grand Prix, an exclusive RM auction was organised on Friday where a host of prestigious and vintage cars were sold, reaching prices of more than 2 million euros. However the Ferrari 625 TRC Spider, raced in California during the 1950s, was one car that caught the eye of numerous classic-car investors. After a vigorous auction battle, this superb vehicle was sold for 4.5 million euros. 

Another Spider Ferrari, a 375 mm, was expected to reach the highest bid but that one failed to find a buyer. A Formula One car, by raced by Michael Schumacher, also went for 720,000 euros

The auction raised a total of 32 million euros, slightly below the 33 million euros achieved at the RM's inaugural event in 2010. 

Katie Williams