RM/Sotheby's Dubai Auction 2024 - a good million per car
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Summary
The RM/Sotheby's auction in Dubai, a three-hour flight to the east, also took place on the weekend of the F1 Grand Prix in Saudi Arabia, with 22 cars and some automobilia going under the hammer. 16 of the 22 vehicles were sold for over USD 16 million. While a BMW Z8 and a Porsche 993, for example, were left standing, bidders reached deep into their wallets for super-expensive hyper sports cars. This auction review analyzes the results and shows all the vehicles in the picture.
This article contains the following chapters
- Hyper sports cars, SUVs and exotic cars
- World record for the SLR McLaren Stirling Moss?
- The first Valkyrie to be auctioned?
- Expensive Ferrari F355
- Expectations too high?
Estimated reading time: 3min
Preview (beginning of the article)
The fact that the RM/Sotheby's auction on March 8, 2024 took place in Dubai was evident not only from the building on Alserkal Avenue in the Al Quoz district, but also from the offerings, which included 22 automobiles as well as several watches and automobilia. Together, the vehicles were valued at almost USD 18.5 million and were on average just over 21 years old. While all the expensive cars were sold, vehicles in the six-figure range remained without a new owner, which was also due to the low "no-reserve" rate. In Dubai, people obviously don't like taking risks, but you can spend a lot of money in one day. In any case, the 16 cars sold achieved an average selling price of USD 1.05 million.
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