RM/Sotheby's Arizona auction 2020 - high sales rate, but also considerable losses
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Created on January 20, 2020
, Reading time 4min
Text:
Bruno von Rotz
Photos:
Courtesy of RM Sotheby's - Courtesy RM/Sotheby's
43Patrick Ernzen - Courtesy RM/Sotheby's
25Darin Schnabel - Courtesy RM/Sotheby's
13Karissa Hosek - Courtesy RM/Sotheby's
11Nathan Leach-Proffer - Courtesy RM/Sotheby's
8Robin Adams - Courtesy RM/Sotheby's
8Drew Shipley - Courtesy RM/Sotheby's
7Juan Martinez - Courtesy RM/Sotheby's
4Andrew Miterko - Courtesy RM/Sotheby's
4Courtney Cutchen - Courtesy RM/Sotheby's
3Kevin Uy - Courtesy RM/Sotheby's
3Jasen Delgado - Courtesy RM/Sotheby's
3Theodore W. Pieper - Courtesy RM/Sotheby's
3Courtesy RM/Sotheby's
2Erik Fuller - Courtesy RM/Sotheby's
2Gabor Mayer - Courtesy RM/Sotheby's
2Zachery Walker - Courtesy RM/Sotheby's
1Pawel Litwinski - Courtesy RM/Sotheby's
1Ryan Merrill - Courtesy RM/Sotheby's
1Courtesy of RM Auctions - Courtesy RM/Sotheby's
1Leach-Proffer - Courtesy RM/Sotheby's
1Angus MacKenzie - Courtesy RM/Sotheby's
1Josh Sweeney - Courtesy RM/Sotheby's
1- Courtesy RM/Sotheby's
1Roadster - Courtesy RM/Sotheby's
1Courtesy of RM Sotheby''s - Courtesy RM/Sotheby's
1Matt Reese - Courtesy RM/Sotheby's
1Butch Ireland - Courtesy RM/Sotheby's
1Peter Seabrook - Courtesy RM/Sotheby's
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Summary
Once again, RM/Sotheby's called classic car enthusiasts together on January 16-17, 2020 at the Arizona Bitmore Resort & Spa in Phoenix to offer 145 vehicles with a total value of almost USD 49 million as part of the Scottsdale Auction Week. With a sales rate of 90% and a total turnover of USD 30.3 million for the vehicles, RM/Sotheby's did better than expected. However, individual consignors had to settle for top bids well below half of expectations. In the end, around USD 237,000 was paid per vehicle. As some even more valuable cars fell by the wayside, a 2018 Pagani Huayra Roadster was the most expensive car, followed by a Ferrari 330 GTS and a Lamborghini Miura. All results and pictures of the cars, including analysis, can be found in the auction report.
This article contains the following chapters
- Ferrari and the other
- Well-priced American rarities
- A steady stream of super classics
- The young cars did remarkably well
- Exotics with mixed results
Estimated reading time: 4min
Preview (beginning of the article)
Once again, RM/Sotheby's called classic car enthusiasts together on January 16-17, 2020 at the Arizona Bitmore Resort & Spa in Phoenix to bid on 145 vehicles with a total value of nearly USD 49 million as part of Scottsdale Auction Week. On average, the vehicles, including a Harley and a caravan, were over 51 years old, suggesting that a significant number of pre-war vehicles went under the hammer. In fact, 26 vehicles came from the years before and during the Second World War. This meant that the really old cars were almost as well represented as the new ones (youngtimers and neoclassics). 73 percent of the vehicles were offered without a minimum price, so the consignors are definitely risk-oriented. This did not pay off for them in all cases, as on average 77 percent of the median estimate was offered. However, the minimum was 33 percent and a 1971 Mercedes-Benz 300 SEL 6.3 actually changed hands for USD 36,400 instead of the estimated USD 75,000 to 125,000.
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Current Market Prices (Selection)
Convertible, 300 PS, 3967 cm3
Convertible, 157 PS, 1588 cm3
Coupe, 300 PS, 3967 cm3
Coupe, 300 PS, 3967 cm3
Roadster, 74 PS, 1498 cm3
Convertible, 157 PS, 1796 cm3
Convertible, 136 PS, 1796 cm3
Convertible, 191 PS, 1796 cm3
Convertible, 136 PS, 1598 cm3
Convertible, 136 PS, 1598 cm3
Convertible, 220 PS, 1796 cm3
null, 106 PS, 1558 cm3