Bonhams Quail Online Auction 2020 - little fortune for pre-war cars and super classics
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Summary
Bonhams brought a wide range of 99 classic cars worth almost USD 41 million under the hammer at the Quail Motorcar auction held online in Los Angeles on August 14, 2020 due to the cancellation of the Pebble Beach Concours. Although there was a great deal of interest, the bids were not always at the level hoped for, resulting in a sales rate of 61% and 60 cars ending up in new hands for a total of USD 12.5 million. The average bid was 70% of the median estimate. Bidders were particularly reluctant in the pre-war segment and for valuable cars, while more recent cars fared better, which was also due to the many offers that were auctioned without a reserve price. This auction report analyzes the results, lists sales prices/highest bids and shows the vehicles in pictures.
This article contains the following chapters
- Varying performance of the brands
- Pre-war cars without Fortüne
- Porsche RSK as the most expensive car
- But no movie car
- Devin met expectations
- Many super classics were left standing
- Bargain
Estimated reading time: 5min
Preview (beginning of the article)
Bonhams brought a wide range of 99 classic cars worth almost USD 41 million under the hammer at the Quail Motorcar auction held online in Los Angeles on August 14, 2020 due to the cancellation of the Pebble Beach Concours. The auction was held without on-site bidders, but with a live internet broadcast, many written pre-bids and active telephone bidders. The 99 vehicles covered an age spectrum of 100 years, with an average age of 49 years. A total of 60 vehicles were sold, resulting in a ratio of 61%. On average, the new owners paid USD 207,836 for their vehicle, while the average value of the total stock was estimated at USD 410,402.
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