RM/Sotheby's Monaco 2016 - Prices on the rollercoaster
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Summary
RM/Sotheby's auctioned 120 vehicles of various designs, from horse-drawn carriages to bicycles and racing cars, in Monaco, without the front man Max Girardo. A few engines and two boats were also among them. Although the majority of the lots were sold, the unsold Ferrari 275 GTS/4 NART Spider is likely to hurt, especially as a high bid of EUR 17 million was received for the rare sports car. Other expensive cars fared in the same way, while some lots that were actually estimated at low prices literally pulverized the estimates, as this auction report analyses.
This article contains the following chapters
- Little euphoria at the Quattroruote collection
- NART Spider not sold despite 17 million bid
- 340 America as top seller
- Battle of the rally cars - Renault versus Peugeot
- The surprising Aston Martin Zagato of the modern era
- Expensive leisure vehicles
- Bargain
- 31 vehicles unsold
- Vehicles auctioned
Estimated reading time: 8min
Preview (beginning of the article)
The RM/Sotheby's auction in Monaco had been eagerly awaited, especially after the news that Max Girardo had left the successful auction house. However, his replacement, with a Dutch background and a similar talent for languages, did a pretty good job. The fact that the auction as a whole fell somewhat short of the certainly high expectations can certainly not (only) be blamed on him. It was more due to the choosy attitude of the bidders and perhaps the overall somewhat subdued atmosphere. The Quattruote collection auctioned from midday comprised 38 vehicles and engines; the Lancia Lambda was withdrawn even before the auction began. On average, the lots realized only about three quarters of the expected prices, but there were also vehicles (and engines) that sailed well above the estimate, such as the engine-transmission combination for the Fiat 525 N or a Singer racing bike.
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