RM Auburn Spring Auction 2019 - even in America, the trees don't grow to the sky
Summary
RM's sales event in Auburn (Indiana) on May 31 and June 1, 2019, showed that even in the USA, everyday auction life is not always easy. Just two thirds of the 275 car lots (including two trailers) were sold. On average, the highest bids were a third below expectations, but some lots were sold for even less. There were hardly any real highlights, rather solid American utility classics. Nevertheless, the AMC AMX was a surprise, achieving almost three times its estimate. This auction report analyzes the results and shows many of the vehicles in pictures.
This article contains the following chapters
- 51 brands, US dominance
- Packard without brilliance
- The surprising AMC AMX
- Bargains?
- Many cars with fair prices
Estimated reading time: 3min
Preview (beginning of the article)
The RM auction in Auburn (Indiana) on May 31 and June 1, 2019 showed that even in the USA, everyday auctioning is not always easy. 274 cars (including two trailers) with a value of USD 10.8 million (EUR 9.7 million, CHF 10.8 million) were offered over the two days. In total, around two thirds of these were sold. The highest bids were also on average two thirds of the estimated value. The sales proceeds for the cars thus amounted to around USD 4.7 million (EUR 4.1 million, CHF 4.7 million). Vehicles from a total of 51 brands were offered. The US manufacturers dominated, with Ford leading the way with 55 vehicles, Chevrolet with 44 cars, Packard with 20 (!) and Cadillac with 14.
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