RM/Sotheby's "Driving into Summer" online auction 2020 - good results despite lack of audience
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Created on May 31, 2020
, Reading time 4min
Written by:
Bruno von Rotz
Photos:
RM/Sotheby's
109Karissa Hosek / Courtesy RM/Sotheby's
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Summary
"Driving into Summer" was the name of RM/Sotheby's online-only auction, which ran from May 21 to 29, 2020. In contrast to other auction houses, there was no live event at all and only online bidding was permitted. Anyone who assumed that it would not be possible to sell a Ferrari 288 GTO or a Mercedes-Benz 190E 2.5-16 Evo II this way was mistaken. A total of 113 of the 193 vehicles on offer (i.e. 59 percent) successfully changed hands, even though only 18 percent of the lots were offered without a reserve price. The average bid amount also showed that buyers are open to the online-only approach. This auction report summarizes and analyses the results of the auction.
This article contains the following chapters
- Varied offer
- Ten cars over USD 300,000
- Old cars had a harder time
- Good results for the youngtimers
- Surprises at the top and bottom
Estimated reading time: 4min
Preview (beginning of the article)
"Driving into Summer" was the name of RM/Sotheby's online-only auction, which ran from May 21 to 29, 2020. In contrast to other auction houses, there was no live event at all and only online bidding was permitted over the course of eight days. The public therefore stayed at home and was able to enjoy a much larger selection of photos for preliminary clarifications. Anyone who suspected that this auction would mainly feature cheap cars and mass-produced items would have to think again. On average, each of the 193 vehicles was valued at over USD 105,000, and the total volume on offer amounted to USD 20.37 million.
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