RM Open Roads European Summer Auction 2020 - Ferrari and Aston Martin in demand, Porsche and Alfa Romeo less so
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.
This article is reserved for registered readers.
Just log in quickly or register within seconds for free.
Photos of this article
































































































































































































































