A Royal Success

A unique car auction in Monaco drew to a close last Thursday 26th July with organizers and visitors declaring it a resounding success. The one-off car sale, minutes from many of our exclusive properties for sale in Monaco, is being organized by none other than the Prince of Monaco, who is auctioning off one of the world’s most incredible collection of vehicles amassed by his late father Rainer III.

The vehicles, which had previously been on display at the Terrace of Fontvieille Museum, a venue familiar to many who regularly take property to rent in Monaco, ranged from a 1953 Cadillac to a 1956 Bentley S1 to a number of particularly humble models, such as a Fiat 500 and a Citroen estate.

Prince Albert ll has decided to sell 38 vehicles in his father’s collection, lovingly amassed over decades and fondly cared for by the late Prince and husband of Grace Kelly. The auction generated impressive sales with both amateur collectors and professionals being particularly generous in their bidding. Sales figures released were over one million euros.

Among the strangest cars for a Royal to own is a 1971 Fiat 500, estimated at between 6,000 and 10,000 euros it was sold for a staggering 21,000 euros. The 1956 Bentley S1 was sold for an impressive 47,000 euros, whilst the highest selling lot of the auction was a 1983 Mercedes 500 SEC AMG which was bought new for the Prince, who died in 2005 at the age of 81 and was eventually sold for 94,000 euros.

Last week’s car sale marked the end of an auction frenzy month for Monaco and those staying in property to rent in Monaco. Monte Carlo hosted a number of exclusive watch and jewellery sales, including the previously blogged about Angelina Jolie Jewellery collection. Notable sales included a broach by Lalique, estimated at 200,000 euros, which sold for 450,000 euros, and 55 handbags which went under the hammer and sold for an astounding 1.2 million euros.

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