RM Open Roads European Summer Auction 2020 - Ferrari and Aston Martin in demand, Porsche and Alfa Romeo less so
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Created on July 24, 2020
, Reading time 3min
Text:
Bruno von Rotz
Photos:
- Courtesy RM/Sotheby's
27Tom Gidden - Courtesy RM/Sotheby's
13Alex Penfold - Courtesy RM/Sotheby's
7Peter Singhof - Courtesy RM/Sotheby's
5Guido Bissattini - Courtesy RM/Sotheby's
5Dirk de Jaeger - Courtesy RM/Sotheby's
5Remi Dargegen - Courtesy RM/Sotheby's
4Dirk de Jager - Courtesy RM/Sotheby's
3Stephan Bauer - Courtesy RM/Sotheby's
3Uros Modlic - Courtesy RM/Sotheby's
3Daniel Laaksonen - Courtesy RM/Sotheby's
3Frederik Kjaer Bruun - Courtesy RM/Sotheby's
3Diana Varga - Courtesy RM/Sotheby's
3Lukas Magerl - Courtesy RM/Sotheby's
2Tim Scott - Courtesy RM/Sotheby's
2Ragheb Photography - Courtesy RM/Sotheby's
2Jack Margerison - Courtesy RM/Sotheby's
2Simon Laufer - Courtesy RM/Sotheby's
2Raphael Belly - Courtesy RM/Sotheby's
2Nanette Schärf - Courtesy RM/Sotheby's
11976-Inaltera-GTP-Cosworth-_19 - Courtesy RM/Sotheby's
1Cymon Taylor - Courtesy RM/Sotheby's
1Kevin Van Campenhout - Courtesy RM/Sotheby's
1Tom Hains - Courtesy RM/Sotheby's
11976-Inaltera-GTP-Cosworth-_10 - Courtesy RM/Sotheby's
1Keno Zache - Courtesy RM/Sotheby's
1Tom Wood - Courtesy RM/Sotheby's
1Mathieu Bonnevie - Courtesy RM/Sotheby's
1Nanette Schaerf - Courtesy RM/Sotheby's
1Marcus Krueger - Courtesy RM/Sotheby's
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Summary
108 cars were offered online by RM/Sotheby's in the "Open Roads, The European Summer" auction from July 14 to 22, 2020. Together, the cars were worth around EUR 20 million, but in the end, sales only amounted to EUR 7.8 million, mainly because many newer expensive classics were left standing and the Porsche sports cars, which were well represented in terms of numbers, failed to score points with the bidders. The overall sales rate was 56%, with an average of EUR 127,611 paid per car sold. This auction article analyzes the results of the online auction and shows the cars in pictures and with estimated values, highest bids and sales prices.
This article contains the following chapters
- Disappointing result in terms of value
- Well-known and lesser-known
- Richot collection from Switzerland sold in its entirety
- Successful and less successful brands
- New cars more in demand?
- Above and below expectations
- Summary
Estimated reading time: 3min
Preview (beginning of the article)
RM/Sotheby's offered 108 automobiles (including a Lamborghini tractor) in the "Open Roads, The European Summer" online auction from July 14 to 22, 2020. Some automobilia and an ex-Agnelli boat were also up for sale. Together, the cars were worth around EUR 20 million. Not quite a third of the vehicles, which were on average 42 years old, went under the hammer without a minimum bid requirement. With total proceeds of EUR 7.8 million, RM only achieved around 40% of the expected turnover. Although 58% of the vehicles were sold, many more expensive cars were left standing. On average, bidders were prepared to go as high as 74.4% of the estimated value. However, the downward fluctuations were considerable.
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Current Market Prices (Selection)
Coupe, 280 PS, 3285 cm3
Coupe, 280 PS, 3285 cm3
Coupe, 300 PS, 3285 cm3
Convertible, 259 PS, 3285 cm3
Coupe, 255 PS, 2926 cm3
Coupe, 255 PS, 2926 cm3
Coupe, 239 PS, 2926 cm3
Coupe, 270 PS, 3185 cm3
Coupe, 155 PS, 1991 cm3
Coupe, 319 PS, 3405 cm3
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Coupe, 205 PS, 2926 cm3