RM/Sotheby's Dubai Auction 2024 - Youth more expensive than classic
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Summary
41 automobiles worth over USD 38 million went under the hammer at RM/Sotheby's in Dubai on December 1, 2024. The vehicles were on average 25 years old. The bidders were particularly generous with the young super and hyper sports cars. 73% of the cars were sold for an average of USD 927,000. The most expensive was a Pagani for over USD 11 million. This auction review analyzes the results and shows all the cars in the picture.
This article contains the following chapters
- Ferrari dominant
- Young cars more expensive
- Super-expensive Pagani
- Exotics and super classics with rather mediocre results
Estimated reading time: 3min
Preview (beginning of the article)
On December 1, 2024, RM/Sotheby's auctioned 41 automobiles with an average age of 25 years and a total estimated value of over USD 38 million, in addition to several luxury items and model cars. Each car is therefore expected to fetch around USD 920,000. A third went under the hammer without a reserve price. On average, 83% of the median estimate was bid, 30 cars or 73% of the offer were successfully sold for a total of USD 27.8 million. Buyers therefore had to pay USD 927,000 per car including commission/surcharge. With 15 cars, Ferrari (including the Dino) accounted for more than a third of the vehicles, 73% of which were sold. Mercedes-Benz was the second most represented brand with six cars.
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