RM Online Open Roads North America 2020 - only the cheaper half sold
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Created on August 1, 2020
, Reading time 3min
Text:
Bruno von Rotz
Photos:
- Courtesy RM/Sotheby's
62Nathan Leach-Proffer - Courtesy RM/Sotheby's
9Greg Keysar - Courtesy RM/Sotheby's
4Bianca Delmar - Courtesy RM/Sotheby's
3Patrick Ernzen - Courtesy RM/Sotheby's
3Teddy Pieper - Courtesy RM/Sotheby's
2Drew Shipley - Courtesy RM/Sotheby's
2Mark Brooks - Courtesy RM/Sotheby's
2Stephanie Lambdin - Courtesy RM/Sotheby's
1Theodore W. Pieper - Courtesy RM/Sotheby's
1Jonathan Oppenheim - Courtesy RM/Sotheby's
1Courtesy RM/Sotheby's
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Summary
Following the cancellation of the Monterey auction due to Covid-19, RM/Sotheby's also switched to a one-week online auction for the North American market. 92 vehicles from 29 brands with a value of USD 7.8 million were offered. On average, the highest bids reached 74% of the median estimate. 55% of the vehicles were sold for USD 2.85 million. The expensive cars in particular struggled. This report analyzes the results of the auction and shows all vehicles in the picture with estimated values, highest bids and sales prices.
This article contains the following chapters
- Ford beats Ferrari
- Cautious interest in American pre-war offerings
- Testarossa fatigue?
- Some E-Types and XKs
- 14 youngtimers improved the average
- BMW above expectations
Estimated reading time: 3min
Preview (beginning of the article)
Following the cancellation of the Monterey auction due to Covid-19, RM/Sotheby's also switched to a one-week online auction for the North American market. 92 vehicles worth USD 7.8 million were on offer, which corresponded to an expected price of USD 84,712 per car. The bidders did not want to go quite that high; on average, the highest bids reached 74 percent of the median estimate or USD 63,843. 55% of the vehicles were sold at an average price of USD 55,913 including surcharge/commission. Total sales amounted to USD 2.851 million, or 37 percent of the total estimated value. Of the 91 cars on offer (plus one motorcycle), 10 were from Ford, new ones from Ferrari. Only 1/3 of the Ferrari sports cars were sold, while 70 percent of the Ford cars found new owners.
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