RM/Sotheby's Hershey 2017 - wide price range for almost exclusively American cars
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Created on October 9, 2017
, Reading time 7min
Text:
Bruno von Rotz
Photos:
Darin Schnabel - Courtesy of RM Sotheby's
22Erik Fuller - Courtesy of RM Sotheby's
20Courtesy of RM Sotheby's
16Theodore W. Pieper - Courtesy of RM Sotheby's
11Motorcar Studios - Courtesy of RM Sotheby's
10Karissa Hosek - Courtesy of RM Sotheby's
9Rasy Ran - Courtesy of RM Sotheby's
6Drew Shipley - Courtesy of RM Sotheby's
6Sean Smith - Courtesy of RM Sotheby's
5Gabor Mayer - Courtesy of RM Sotheby's
4Owen Fitter - Courtesy of RM Sotheby's
4Greg Keysar - Courtesy of RM Sotheby's
3Theodore W. Peiper - Courtesy of RM Sotheby's
2Phil Greatorex - Courtesy of RM Sotheby's
2David Bush - Courtesy of RM Sotheby's
2Rafael Martin - Courtesy of RM Sotheby's
2Corey Escobar - Courtesy of RM Sotheby's
2Patrick Ernzen - Courtesy of RM Sotheby's
2Patrick Ernzen - 2017 Courtesy of RM Sotheby's
1Theodore W Pieper - Courtesy of RM Sotheby's
1Josh Sweeney - Courtesy of RM Sotheby's
1Pepper Yandell - Courtesy of RM Sothebys
1Lucas Scarfone - Courtesy of RM Sotheby's
1TedIsGraphic - Courtesy of RM Sotheby's
1Teodore W. Pieper - Courtesy of RM Sotheby's
1Courtesy RM/Sotheby's
1Steve Chesler - Courtesy of RM Sotheby's
1Rick Minor - Courtesy of RM Sotheby's
1Darin Schnabel - 2017 Courtesy of RM Sotheby's
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Summary
On October 5 and 6, 2017, RM/Sotheby's auctioned 138 cars and other four-wheeled vehicles, mainly American-made. The mostly older cars included valuable classics from Packard, Pierce-Arrows, Cadillac and Chevrolet, as well as exotic cars such as a Delage DR70 from France and a Ferrari 330 GT from Italy. On average, the results were largely in line with expectations, but there were large swings both upwards and downwards. This auction article summarizes the results of the auction in detail and shows all the cars in pictures.
This article contains the following chapters
- American brands dominated
- Around a third above the estimated value
- Valuable Pierce-Arrow
- No bonus for the flying star
- Lots of wood
- Favorable opportunities
- Vehicles offered and sold
Estimated reading time: 7min
Preview (beginning of the article)
The RM/Sotheby's auction in Hershey is one of the annual events organized by the well-known auction house. What is appealing is that for once it is mainly old cars that go under the hammer in Hershey, while youngtimers and newtimers are almost completely absent. 142 cars, light commercial vehicles and tractors were on the original lot list from October 5 and 6, 2017, with a total estimated value of around USD 18.6 million (EUR 15.6 million, CHF 18.1 million). Four vehicles were then withdrawn, leaving 138, of which an impressive 131 were sold, resulting in proceeds of USD 15.8 million (EUR 13.4 million, CHF 15.5 million), around 15% below expectations. On average, each lot realized 94% of the median estimate (including commission). RM/Sotheby's can be satisfied with this result, even if the more expensive lots in particular fared considerably worse.
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Current Market Prices (Selection)
Station Wagon, 369 PS, 7456 cm3
4-Door Sedan, 236 PS, 5276 cm3
4-Door Sedan, 300 PS, 5965 cm3
4-Door Sedan, 119 PS, 4315 cm3
2-Door Sedan, 119 PS, 4315 cm3
Coupe, 119 PS, 4315 cm3
4-Door Sedan, 110 PS, 4018 cm3
4-Door Sedan, 119 PS, 4315 cm3
Coupe, 125 PS, 4309 cm3
Station Wagon, 250 PS, 5965 cm3
Convertible, 199 PS, 5207 cm3
4-Door Sedan, 199 PS, 5300 cm3