RM/Sotheby's Miami Auction 2022 - young classic cars were the most competitive
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Summary
Only 14 car brands were represented at the RM/Sotheby's auction in Miami on December 10, 2022. On average, the cars were only 25 years old. Vehicles from the 1980s enjoyed the strongest demand, but cars from the 1990s and 2000s also sold well. On average, the highest bids were almost at the estimated value level. In total, the 58 cars realized almost USD 40 million. This auction review analyzes the results and shows all the vehicles in pictures.
This article contains the following chapters
- Super bargain
- Only 14 brands represented
- Young cars attracted, very young ones less so
- Ferrari classics most expensive
- Advertised AMGs
- Two Evos
- Cheap cars
- Expensive cars
Estimated reading time: 6min
Preview (beginning of the article)
RM/Sotheby's spoke of a stylish new auction experience in the run-up to the sale on December 10, 2022 in Miami. The venue was a modern building, designed by Swiss architects Herzog & de Meuron, on South Beach in the southern city by the sea. 58 cars (and a few automobilia as well as Ferrari engines and luggage sets) went under the hammer; on average, the cars were just 25 years old. The total value of the vehicles was estimated at USD 41.4 million. Of particular interest to "gamblers" was the fact that 62% of the vehicles went under the hammer without a minimum bid. This and apparently the good "match" between offers and prospective buyers resulted in a sales rate of 97%, with exactly one car remaining unsold. On average, the average estimate was achieved almost 100 percent. Buyers paid USD 693,535 (EUR 658,858, CHF 651,923) per car including surcharge/commission.
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