Tags: midas touch | auction | sothebys | gold | ferrari

'Midas Touch' Auction: Sotheby's Sales Includes Gold Ferrari

gold ferrari on auction by sotheby's
"The Midas Touch" auction by Sotheby's will include a 1977 gold Ferrari. (Sotheby's)

By    |   Tuesday, 16 October 2018 09:55 AM

"The Midas Touch" auction to be held in London on Wednesday, has created a buzz after Sotheby's revealed that the sale will include a rare gold Ferrari.

According to CNN, this is the first auction dedicated entirely to gold and, while other sales such as a gold bust of Kate Moss and a gilt chair made for Napoleon's throne room have drawn widespread attention, it is the gold-painted 1977 Ferrari 512 BB that has tongues wagging.

There have been only four Ferrari 512 BBs painted in gold but what sets this particular vehicle on sale apart is that it is the only one to have an interior trimmed in Testa di Moro brown leather, Sotheby's noted on its website.

The car has belonged to just three private owners in Italy and was most recently purchased in 1997.

It had undergone a paint job but was fully restored to its former glory and color after being discovered in Turin in 2015 and returned to Modena, Italy.

In addition to the gold Ferrari, which has an estimated value of up to $590,000, the auction collection will also feature gold sculptures, paintings, jewelry and other notable items that span history.

"Today, gold works of art, and of course gold jewelry, have an international appeal and we've already seen interest from around the world for works in the Midas Touch sale," the auction house's senior director Constantine Frangos told CNN. "I think this sale really reflects the timelessness of gold."

On its website, Sotheby's describes its collection as a way of putting "artists next to artisans, sculptures next to sacred objects, contemporary painting next to ancient jewelry, to present an unrivalled history of nature's most bewitching creation."

This is reflected in the collection on sale, which includes contemporary works by Yves Klein and Marc Quinn, artists who Frangos said both use gold "to create their subjects as revered and glorified, making the choice to use this most precious of metals in the pursuit of a perfect image," according to CNN.

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Sotheby's will hold an auction dubbed "The Midas Touch" dedicated entirely to gold Wednesday in London, and the sale will include a rare gold Ferrari.
midas touch, auction, sothebys, gold, ferrari
Tuesday, 16 October 2018 09:55 AM
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