RM/Sotheby's Monterey 2021 - three days, over 145 million and disappointment with the top lot
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Created on August 16, 2021
, Reading time 6min
Text:
Bruno von Rotz
Photos:
Rasy Ran - Courtesy RM/Sotheby's
33RM Sotheby's - Courtesy RM/Sotheby's
18Josh Bryan - Courtesy RM/Sotheby's
14Robin Adams - Courtesy RM/Sotheby's
13Rafael Martin - Courtesy RM/Sotheby's
11Patrick Ernzen - Courtesy RM/Sotheby's
7Courtney Frisk - Courtesy RM/Sotheby's
7Darin Schnabel - Courtesy RM/Sotheby's
6Phil Norton - Courtesy RM/Sotheby's
6Karissa Hosek - Courtesy RM/Sotheby's
6Motorcar Studios - Courtesy RM/Sotheby's
5Drew Shipley - Courtesy RM/Sotheby's
5Ryan Merrill - Courtesy RM/Sotheby's
4Erik Fuller - Courtesy RM/Sotheby's
4Nathan Leach-Proffer - Courtesy RM/Sotheby's
2William Walker - Courtesy RM/Sotheby's
2John Afravi - Courtesy RM/Sotheby's
2Ravi Angard - Courtesy RM/Sotheby's
1Remi Dargegen - Courtesy RM/Sotheby's
1The Classic Motor Company - Courtesy RM/Sotheby's
1Trace Tylor - Courtesy RM/Sotheby's
1Ned Jackson - Courtesy RM/Sotheby's
1James Turner - Courtesy RM/Sotheby's
1- Courtesy RM/Sotheby's
1Jeremy Sandler - Courtesy RM/Sotheby's
1Andrew Link - Courtesy RM/Sotheby's
1Nat Twiss - Courtesy RM/Sotheby's
1Matthew Howell - Courtesy RM/Sotheby's
1Nick Zabrecky - Courtesy RM/Sotheby's
1Brett Lemon - Courtesy RM/Sotheby's
1David McNeese - Courtesy RM/Sotheby's
1Theodore W. Pieper - Courtesy RM/Sotheby's
1Daniel Vaughn - Courtesy RM/Sotheby's
1Blue Chip Denver - Courtesy RM/Sotheby's
1Dan Henry - Courtesy RM/Sotheby's
1Peter Singhof - Courtesy RM/Sotheby's
1Nathan Deremer - Courtesy RM/Sotheby's
1Dirk de Jaeger - Courtesy RM/Sotheby's
1Gabor Mayer - Courtesy RM/Sotheby's
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Summary
RM/Sotheby's auctioned 161 vehicles, including two motorcycles and a Velo-Solex, over three days at the Pebble Beach Concours d'Elégance from August 12 to 14, 2021. Expectations were high, with an estimated total value of around USD 212 million. Overall, 90% of the vehicles were sold for a total of around USD 145 million, meaning just over one million was paid per lot. Some of the most expensive vehicles did not find a new owner, including the Porsche 917K from 1970. The most expensive car was therefore an Aston Martin DB4 GT Zagato, followed by a Ferrari 268 SP from 1962. This auction report analyzes the results and shows all the vehicles in pictures.
This article contains the following chapters
- Porsche 917K not sold
- 40 cars priced at over one million
- The outliers at the "top"
- Major and minor disappointments
- Super classics non-stop
- No bargains
Estimated reading time: 6min
Preview (beginning of the article)
A top-class auction was expected when RM/Sotheby's put an impressive range of classic cars under the hammer on the occasion of the Pebble Beach Concours d'Elégance 161 over three days from August 12 to 14, 2021. 161 vehicles, including two motorcycles and a Velo-Solex, worth USD 212 million went under the hammer, 48% of which had no reserve price. On average, the vehicles were expected to cost around USD 1.3 million - no sign of modesty. However, the bidders were not quite so generous. Although 90 percent of the vehicles were sold, the average proceeds settled at "only" just over USD 1.0 million. On average, 97% of the median estimate was bid, and the swings up and down were also considerable at RM/Sotheby's.
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Current Market Prices (Selection)
Coupe, 301 PS, 3670 cm3
Coupe, 266 PS, 3670 cm3
Coupe, 239 PS, 3670 cm3
Convertible, 239 PS, 3670 cm3
Coupe, 440 PS, 5935 cm3
Coupe, 440 PS, 5935 cm3
Coupe, 440 PS, 5935 cm3
Coupe, 425 PS, 5935 cm3
Coupe, 104 PS, 2580 cm3
Coupe, 122 PS, 2580 cm3
Convertible, 122 PS, 2580 cm3
Coupe, 140 PS, 2922 cm3