Dorotheum auction "Classic Vehicles" July 2023 - Everyday cars in demand, expensive classics less so
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Summary
On July 1, 2023, Dorotheum auctioned 69 cars, two motorcycles and a tractor with a total value of around three million euros in front of an audience in Vösendorf near Vienna. Volkswagens were particularly well represented and also popular. 78% of the vehicles were sold overall, with more expensive cars in particular remaining. This auction review analyzes the results and shows the vehicles in pictures.
This article contains the following chapters
- Only few sold in the hall
- VW in front
- Once commonplace with surprising results
- Some expensive vehicles disappointed
- Some bargains
Estimated reading time: 3min
Preview (beginning of the article)
On July 1, 2023, Dorotheum auctioned 69 cars, two motorcycles and a tractor with a total value of EUR 2.978 million in Vösendorf near Vienna. The average estimated price per lot was EUR 40,800. 22% of the vehicles were offered without a reserve price. On average, the vehicles on offer are 53 years old. 78% of the vehicles (57 lots) were sold directly, generating a total turnover of EUR 1,644 million. Only 16 percent of purchases were made by floor bidders, 56 percent of the highest bids were received via telephone calls, while internet bidders were responsible for 7 percent of transactions. As many as 21 percent of sales were the result of written pre-bids. These sometimes high pre-bids also influenced the auction, as sometimes the bidding price went straight to double the amount, which certainly slowed down the dynamics in the auction room at times.
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