RM/Sotheby's Arizona 2016 - continuity at a high level
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Summary
RM/Sotheby's hammer-wielding Max Girardo auctioned 150 cars on January 28 and 29, 2016. 88% of the vehicles were sold, which meant a total turnover of USD 63 million. On average, a car therefore cost USD 492,826 (EUR 453,400 or CHF 502,683). While many super classics were disappointing, popular classic cars in particular were very popular. This auction report analyzes the results and shows the cars on offer in pictures.
This article contains the following chapters
- Almost 10 million for the most expensive car
- Good prices for popular classics
- Disappointing super classics
- 22 cars not sold
- Results of the auction
Estimated reading time: 7min
Preview (beginning of the article)
As in the previous year, RM/Sotheby's hosted a two-day auction at the Arizona Biltmore during Scottsdale Week on January 28 and 29, 2016. 150 vehicles worth a total of 92 million American dollars were to be sold, with the most expensive 25 cars alone estimated at over 50 million. The bidders arrived in large numbers and were not at all squeamish about holding their trowels aloft, as can be seen from the total turnover of USD 63 million for 128 cars knocked down. The Mercedes-Benz 540k Special Roadster from 1937 was estimated at USD 10 to 13 million. Auctioneer Max Girardo was not able to sell it for quite that much, but the USD 9.9 million achieved is still an impressive result for the pre-war vehicle.
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