RM/Sotheby's London Online Auction 2020 - exaggerated expectations or lockdown fears?
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Summary
RM/Sotheby's had originally planned to hold a traditional auction on the occasion of the London-Brighton Race on the weekend of October 31, 2020, but after the event was canceled, the only option was to move forward. RM opted for an online auction. 69 vehicles, including two tractors and a boat, went under the virtual hammer alongside some automobilia between October 26 and 31, 2020. The estimated value was around £17.2 million, but at the end of the five days, only £3 million was realized because more than half of the cars, especially many of the super classics, did not find a new owner. This auction report analyzes the results and shows all the vehicles in pictures.
This article contains the following chapters
- Poor performance by Jaguar, Aston and Porsche
- No heart for one-offs
- Too high a gamble with the E-Type?
- The successful rally Fiat
- Many super classics
Estimated reading time: 3min
Preview (beginning of the article)
RM/Sotheby's had originally planned to hold a classic auction on the occasion of the London-Brighton Race on the weekend of October 31, 2020, but after the event was canceled, the only option was to move forward. RM opted for an online auction. 69 vehicles, including two tractors and a boat, went under the virtual hammer alongside some automobilia between October 26 and 31, 2020. The average age of the vehicles was a young 42.5 years and the total value was estimated at £17.2 million or £249,167 per lot. 16 percent of the vehicles (11) were called without a minimum bid. 25 car brands were represented, most notably Ferrari (with 12 cars), Mercedes-Benz (8), Porsche (5), Jaguar (5) Aston Martin (5) and Maserati and Lamborghini with 4 cars each.
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