RM/Sotheby's Hershey 2016 - valuable pre-war classics and spurned Europeans
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Summary
On October 6 and 7, 2016, RM/Sotheby's auctioned a total of 113 automobiles, including a few children's cars, motorcycles and automobilia, as well as some classic cars such as the 300 SL and E-Type, but mainly American and British automobiles with a high pre-war component, with a total value of around USD 14.5 million. The bidders were very enthusiastic and the sales rate of 88% was impressive, even though the price level (including commission/surcharge) was around 10% below the estimated values. This auction report analyzes the results and shows the vehicles in pictures.
This article contains the following chapters
- Good result
- Special offer
- Surprisingly high prices
- Pre-war cars fared better
- Expensive American classics
- Favorable opportunities
- 13 cars not sold
- A Speedster barn find as a show star
- List of the auctioned cars
Estimated reading time: 6min
Preview (beginning of the article)
It is an unusual auction for RM/Sotheby's, which was organized for the tenth time in Hershey on 6 and 7 October 2016. Some models would hardly be offered at other RM auctions, but Hershey has a heart for American exotics with bread-and-butter flair. The event lasted two days, during which 113 automobiles, estimated at a total of USD 14.54 million), went under the hammer. 55 percent of the vehicles were auctioned without a reserve price, so the excitement was high. Those responsible at RM/Sotheby's were satisfied with the 100 cars sold (sales rate 88%), but perhaps somewhat less so with the total turnover of USD 11.3 million, which was 13% below expectations.
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