RM Open Roads June 2021 - rather moderate price level
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Summary
RM/Sotheby's auctioned 52 cars, a motorcycle and some automobilia in the monthly online-only auction under the heading "Open Roads June 2021" from June 23 to 30, 2021. Once again, the offer came from various countries (USA, Canada, Switzerland, Germany, Italy, etc.) and was traded in the respective currencies. While some classics such as a Porsche 959 or a Fiat 131 Abarth sold above expectations, at the other end there were quite affordable cars such as an Audi quattro or a Fiat Ritmo 60 CL for sale. On average, 85 percent of the estimated value was bid and the sales rate was 66 percent. This auction review takes you through the results and shows the vehicles in pictures.
This article contains the following chapters
- Porsche at the top
- Exotics with varying fortunes
- Classic
- Old cars with difficulties
- Newer cars rather below expectations, but successful
Estimated reading time: 3min
Preview (beginning of the article)
RM/Sotheby's put a total of 76 lots under the hammer virtually in the "Open Roads June" online-only format from June 23 to 30, 2021. Once again, the 52 cars and one motorcycle came from various countries, including the USA, Canada, Switzerland, Germany and Italy. On average, the vehicles were just over 45 years old, plus some automobilia such as a tool set for the Ferrari 275 GTB, rims and racing posters. The total value of the vehicles amounted to USD 6.2 million, 35 of which were sold for USD 4.63 million. On average, each vehicle sold for USD 132,258. With a sales rate of around 66 percent, the success was not grandiose, especially as the average bid was only 85 percent of the median estimate. Perhaps this was also due to the relatively low proportion of "no reserve" lots of 15 percent.
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