RM/Sotheby's Arizona 2019 results - more affordable Porsches at last
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Created on January 21, 2019
, Reading time 5min
Text:
Bruno von Rotz
Photos:
- Courtesy RM Sotheby's
35Darin Schnabel - Courtesy RM Sotheby's
22Robin Adams - Courtesy RM Sotheby's
18Patrick Ernzen - Courtesy RM Sotheby's
16Juan Martinez - Courtesy RM Sotheby's
10Drew Shipley - Courtesy RM Sotheby's
10David Bush - Courtesy RM Sotheby's
8Karissa Hosek - Courtesy RM Sotheby's
6Rasy Ran - Courtesy RM Sotheby's
4Ryan Merrill - Courtesy RM Sotheby's
3Erik Fuller - Courtesy RM Sotheby's
3Nathan Leach-Proffer - Courtesy RM Sotheby's
3Gabor Mayer - Courtesy RM Sotheby's
3RM/Sotheby's
3David McNeese - Courtesy RM Sotheby's
3Peter Seabrook - Courtesy RM Sotheby's
2William Walker - Courtesy RM Sotheby's
2Theo Civitello - Courtesy RM Sotheby's
2Dirk de Jager - Courtesy RM Sotheby's
1Greg Keysar - Courtesy RM Sotheby's
1Mo Satarzadeh - Courtesy RM Sotheby's
1Mo Satarzedeh - Courtesy RM Sotheby's
1Josh Bryan - Courtesy RM Sotheby's
1Theodore W. Pieper - Courtesy RM Sotheby's
1Stephen Kim - Courtesy RM Sotheby's
1Patrick Ernzen-Porsche-356-SC-GT/Outlaw-_0 - Courtesy RM Sotheby's
1Josh Sweeney - Courtesy RM Sotheby's
1Corey Escobar - Courtesy RM Sotheby's
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Summary
On January 17 and 18, 2019, RM/Sotheby's auctioned 154 classic cars, including 22 Porsches, 21 Ferraris and 16 Rolls-Royces alone. The total value of the vehicles on offer amounted to USD 76.4 million, but the sales proceeds were "only" USD 36.9 million. 84 percent of the vehicles were sold, with many expensive classics remaining on the market. On average, 81 percent of the median estimate was offered. With a high proportion of lots sold without a reserve price, there were also opportunities for bargains. Two Ferraris, a BMW, a Tucker and a Bentley achieved the highest sales prices at the auction. This report analyzes the results and shows all the cars in the picture.
This article contains the following chapters
- Cheap Porsches?
- Ferrari beaten below value
- Over 50 years old on average
- Many super classics
- Bentley ahead of Rolls-Royce
- Two Vector prototypes
- Cheap cars too
Estimated reading time: 5min
Preview (beginning of the article)
As every year, the auctions around Scottsdale/Phoenix in Arizona opened the new auction year. And like every year, the big companies had put together an impressive line-up of cars, and RM/Sotheby's was no exception. As many as 154 1:1 scale vehicles, plus a few scaled-down versions and a few Automobila were looking for new owners on January 17 and 18, 2019. The total value of the vehicles was estimated at around USD 76.4 million. However, after the two days, it didn't turn out to be that much. In fact, the sales prices amounted to USD 36.9 million, practically half the amount hoped for. The reason for this was that many of the particularly expensive cars did not find a buyer, despite a comparatively small deviation from the estimates overall, because at 81 percent of the average estimate, the highest bids were no further away from expectations than at other auctions.
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Current Market Prices (Selection)
Coupe, 400 PS, 2835 cm3
Coupe, 209 PS, 2687 cm3
Coupe, 131 PS, 2341 cm3
Targa, 131 PS, 2341 cm3
Coupe, 140 PS, 2341 cm3
Coupe, 165 PS, 2341 cm3
Targa, 165 PS, 2341 cm3
Coupe, 190 PS, 2341 cm3
Targa, 190 PS, 2341 cm3
Coupe, 150 PS, 2687 cm3
Targa, 150 PS, 2687 cm3
Coupe, 175 PS, 2687 cm3