RM Open Roads December 2021 - did Omikron dampen the desire to buy?
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Summary
RM virtually put 57 cars, a caravan, a motorcycle, two scooters and a boat, as well as a bunch of Automobila, under the hammer in another online-only auction from December 1 to 8, 2021. The desire to buy was limited; on average, 75 percent of the estimate was bid, and just under two thirds of the vehicles were sold. Only newer cars sold above expectations. This auction review analyzes the results and shows the vehicles in pictures.
This article contains the following chapters
- No dominant brands
- Some super classics
- Exotic cars that you don't see every day
- Bargain?
Estimated reading time: 4min
Preview (beginning of the article)
57 cars, a caravan, a motorcycle, two scooters and a boat, as well as a bouquet of automobiles were auctioned virtually at RM in an "online only" format from December 1 to 8, 2021. The total value of the vehicles was estimated at over USD 5 million, but only around USD 2.6 million was realized, which was partly due to the fact that only around 60% of the vehicle lots found new owners. On average, online bidders offered 75 percent of the median estimate, which amounted to an average of around USD 65,000 per lot. A third of the vehicles came from Europe and were therefore auctioned in EUR, CHF or GBP.
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