RM/Sotheby's Hershey Auction 2018 - electric cars on the rise
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Summary
On October 11 and 12, 2018, RM/Sotheby's auctioned a large number of automobiles and 146 automobiles in Hershey. The vehicles were valued at over USD 13 million and two thirds of the cars, most of which were from the USA and over 75 years old on average, were sold without a reserve price. Despite this, the final sales rate was only 89 percent because 16 cars were abandoned. Total vehicle sales amounted to just under USD 11.5 million, which meant USD 82,000 per car. This report analyzes the results and shows all the cars in the picture.
This article contains the following chapters
- Pre-war dominance
- Valuable electric cars
- Surprise of the day - American Eagle
- Expensive Playboy
- 45 brands
- Packard and Cadillac
- European raisins
Estimated reading time: 4min
Preview (beginning of the article)
It was a very American auction that RM/Sotheby's organized in Hershey over two days on 11 and 12 October 2018. The majority of the 146 vehicles on offer (the 147th was withdrawn before the auction began) were of American origin and there were also many typical American automobiles on offer. In total, the automobiles were valued at around USD 13.5 million. In the end, however, a total of USD 10.7 million was raised for the vehicles, although 89 percent of all vehicle lots were knocked down. On average, the vehicles were around 76 years old; not quite half of the cars came from the decades after the war, while the larger half were built in the pre-war period. The oldest car, an Oldsmobile Model R "Curved Dash" Rundabout from 1901 (lot 210) was estimated at USD 50,000 to 75,000, but was sold for much less, namely USD 40,700.
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