Ferrari, McLaren and Audi R8 sell for millions at SA auction

·7 Oct 2017

A bidder at Park Village Auctions‘ latest bank repossessed vehicle auction shaved hundreds of thousands of rands off the price of a 2013 Ferrari 458 Italia, when the super car was grabbed for R3.3 million.

The Ferrari, which is usually sold second-hand for between R3.5 million and R4.2 million in South Africa, was one of seven luxury vehicles that went under the hammer – with other supercars like the McLaren MP4-12C, Audi R8 and even the BMW i8 also featuring.

“While more buyers turn to car auctions as a means to pick up quality used vehicles at good rates, there is no exception for supercars and classics either,” said Park Village Auctions’ Clive Lazarus.

Apart from the Ferrari 458 Italia, the next biggest sale was a 2012 McLaren MP4-12C, which sold for just under R2 million, and a 2014 Audi R8, which sold for just over R850,000.

This is how the repossessed vehicles sold at the auction, compared to their typical sale value (via Autotrader and Cars.co.za):

Car	KMs	Second-hand sale price	Auction price	Difference
2013 Ferrari 458 Italia	14 319	R3 850 000	R3 300 000	-R550 000
2012 McLaren MP4-12C	18 072	R2 700 000	R1 950 000	-R750 000
2014 Audi R8 V8	8 860	R1 350 000	R855 000	-R495 000
2015 BMW M6	27 103	R1 150 000	R800 000	-R350 000
2014 Jaguar F-Type 5.0	21 498	R850 000	R720 000	-R130 000
2015 BMW i8 Coupé	102 148	R1 300 000	R700 000	-R600 000
2014 BMW M4	38 324	R800 000	R640 000	-R160 000

“The prices realised (at the auction) were above expectation and we are pleased with the results given our current economic climate. I believe that these results are indicative of how astute buyers recognise our auctions as a reliable place to invest in clean, low kilometre vehicles,” Lazarus said.

Ferrari 458 Italia