RM/Sotheby's London auction 2023 - restoration objects rather than nearly new cars
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Created on November 4, 2023
, Reading time 5min
Text:
Bruno von Rotz
Photos:
OneSavage sgcarshoot - Courtesy RM/Sotheby's
17Neil Fraser - Courtesy RM/Sotheby's
17Stuart Adams
17Peter Seabrook - Courtesy RM/Sotheby's
10Simon Clay - Courtesy RM/Sotheby's
9Charlie Brenninkmeijer - Courtesy RM/Sotheby's
3Tim Scott - Courtesy RM/Sotheby's
2Jonathan Jacob - Courtesy RM/Sotheby's
2Paolo Carlini - Courtesy RM/Sotheby's
2Oliber Brookwell - Courtesy RM/Sotheby's
1Jack Howells - Courtesy RM/Sotheby's
1RM Sotheby's - Courtesy RM/Sotheby's
1Jayson Fong - Courtesy RM/Sotheby's
1OneSavages gcarshot - Courtesy RM/Sotheby's
1Robert Copper - Courtesy RM/Sotheby's
1Tom Gidden - Courtesy RM/Sotheby's
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Summary
As part of the historic automobile event "London to Brighton Run", RM/Sotheby's auctioned 62 vehicles and a large number of Graham Hill automobiles at Marlborough House in London on November 4, 2023. With an average age of 47 years, the classic cars on offer were comparatively young, with two fifths going under the hammer without a reserve price. With a sales rate of 71% and prices that were in some cases well below expectations, especially for classic cars that were almost as good as new, the auction ended less positively than hoped. This auction review analyzes the results and shows the vehicles in pictures.
This article contains the following chapters
- Ferrari in particular
- Rather a lot of restoration work
- Barely driven Ferrari sports cars did not meet with the expected response
- Mainly super classics
- Classics with a low "blue chip" profile with little luck
Estimated reading time: 5min
Preview (beginning of the article)
Marlborough House, built in 1711, hosted an RM/Sotheby's auction on November 4, 2023 in the context of the "London-to-Brighton Run". Located in the heart of Pall Mall, Marlborough House provided the elegant backdrop for the auction of 62 automobiles and a variety of Graham Hill automobilia. This was not RM's first auction in London; in fact, the auction house has already gone under the hammer 16 times in the Thames city. However, it was only the second auction as part of the "London to Brighton Run". The 62 vehicles (including an F1 show car) represented a combined value of £23.6 million, meaning that each car is expected to fetch around £380,000.
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Current Market Prices (Selection)
Coupe, 428 PS, 4943 cm3
Coupe, 340 PS, 4942 cm3
Coupe, 340 PS, 4942 cm3
Coupe, 440 PS, 4943 cm3
Convertible, 319 PS, 3405 cm3
Convertible, 380 PS, 3496 cm3
Convertible, 510 PS, 4308 cm3
Convertible, 380 PS, 3496 cm3
Convertible, 399 PS, 3586 cm3
Convertible, 510 PS, 4308 cm3
Convertible, 489 PS, 4308 cm3
Coupe, 659 PS, 5998 cm3