RM/Sotheby's Amelia Island 2020 - no trace of restraint
Summary
RM/Sotheby's auctioned 145 automobiles and a Vespa scooter on March 5 and 6, 2020 at the Amelia Island Concours d'Elégance in Florida. The vehicles represented a broad spectrum and were offered with a high level of risk (70 percent with no reserve price). As a result, one or two bidders got their dream classic car for almost half the price. Overall, however, the prices were fair to high, and demand and interest were considerable. Only 10 cars remained unsold, the sales rate was 93 percent. On average, each classic car went for USD 263,000, with bids averaging 86 percent of the median estimate. This auction report analyzes the results and shows all the vehicles in the picture.
This article contains the following chapters
- Broad spectrum
- Vehicles from 54 brands
- The high-flyer
- Ferrari ahead of Bugatti, Duesenberg, Cadillac and Porsche
- Super classics rather thin on the ground
- Hardly any cheap classics
Estimated reading time: 4min
Preview (beginning of the article)
On the occasion of the Concours d'Elégance of Amelia Island, RM/Sotheby's held two auctions on Friday evening and Saturday afternoon of March 5 and 6, 2020, with a total of 145 automobiles, a Vespa scooter and a few automobilia/children's cars. The vehicles were valued at almost USD 43 million in total. 102 of the 146 vehicles, i.e. almost 70 percent, were offered without a reserve price. While the average age was almost 55 years, a closer look at the vehicles on offer revealed just how diverse the auction actually was. There were several cars from practically every decade from the noughties of the 20th century to modern times. The thirties, fifties and sixties were particularly prominent, an indication that buyers at Concours still like to buy their dream cars from back then.
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