Royal car collection sold for R11.8m
ROYAL RIDES SOLD: Prince Albert II of Monaco has sold off 38 models of his late father's famous car collection including a black 1955 Citroën Traction 11C Commerciale (above).
Prince Albert II of Monaco auctioned off models belonging to his late father's famous car collection.
Rainer III, who died in 2005 at the age of 81, spent years assembling one of the most famous vehicle collections in the world and offered an array of classic, sporty, unusual and custom-built cars.
More than 100 of his vehicles have been on display at the Terrace of Fontvieille Museum in Monaco but Albert II has sold 38 models. The vehicles range from immaculate examples of a 1953 Cadillac and a 1950s Bentley S1 through to a number of bargain models such as a Fiat 500 and a Citroen estate.
ALL MODELS SOLD
Albert II added: "The Princes of Monaco have always been passionate about motor cars. Prince Pierre initiated the Grand Prix in 1929, and competed in it, in a Torpedo.
"My father, Prince Rainier, took over the development of the race, which has today become one of the most prestigious events in the world.
"Together, we established a private collection of classic cars which is particularly close to my heart. I now wish to add some new models to the collection," he said.
Auction house Artcurial Motorcars described the sale as a "unique opportunity to acquire a motor car from one of the most well known collections, from the most famous and prestigious Principalities".
All 38 models were auctioned off with the majority of vehicles sold for double their value.
Some of the models sold:
Prince Rainier's personal car, a 1983 Mercedes-Benz 500 SEC (R150 641- R251 069) sold for R1.1m
The 1930 Ford A Roadster (R140 599 - R180 770) - sold R628 679
The 1942 Dodge 4x4 Command Car (R200 855 - R301 283) - sold for R565 409
The 1913 Panhard & Levassor X19 Roadster (R251 069 - R351 497) sold for R816479
The 1907 Berliet c2 Double-Phaeton (R200 855 - R301 283) sold for R710 025