RM/Sotheby's Munich Auction 2022 - unexpectedly high prices for BMW classics
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Created on November 27, 2022
, Reading time 5min
Text:
Bruno von Rotz
Photos:
Richard Cao - Courtesy RM/Sotheby's
29Paolo Carlini - Courtesy RM/Sotheby's
7Peter Seabrook - Courtesy RM/Sotheby's
6Keno Zache - Courtesy RM/Sotheby's
3Jani Talja - Courtesy RM/Sotheby's
3Benjamin Hodara - Courtesy RM/Sotheby's
3Neil Fraser - Courtesy RM/Sotheby's
3- Courtesy RM/Sotheby's
3Dirk de Jager - Courtesy RM/Sotheby's
2Ahmed Qadri-Pixelhaus Media - Courtesy RM/Sotheby's
2Carlo Anastasio - Courtesy RM/Sotheby's
1Culap - Courtesy RM/Sotheby's
1Tobias Kressmann - Courtesy RM/Sotheby's
1LuukvanKaathoven.nl Fotografie - Courtesy RM/Sotheby's
1Simon Laufer - Courtesy RM/Sotheby's
1Peter Singhof - Courtesy RM/Sotheby's
1Kevin Van Campenhout - Courtesy RM/Sotheby's
1Botker - Courtesy RM/Sotheby's
1Cao - Courtesy RM/Sotheby's
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Summary
The international auction house RM/Sotheby's auctioned 66 cars and seven motorcycles in Munich on November 26, 2022. The sales rate was high at 88 percent, but this was also due to the proportion of "no limit" lots of almost 60 percent. Some of the BMW classics from a collection sold for surprisingly high prices, with three cars even fetching more than five times the median estimate. The most expensive car, however, was a Ferrari F40. This auction review analyzes the results and shows the cars in pictures.
This article contains the following chapters
- BMW and Ferrari in particular
- Only a few super classics apart from BMW
- BMW collection significantly above expectations
- Younger BMWs in particular fetched high prices
- Better valuation accuracy for the older BMWs?
- Neerpasch's M1
- No bargains
Estimated reading time: 5min
Preview (beginning of the article)
RM/Sotheby's organized an auction at Motor World Munich for the first time. On November 26, 2022, 73 vehicles worth EUR 24.7 million went under the hammer. An average of EUR 336,216 was therefore expected for the 67 cars and seven motorcycles. 58 percent of the lots went under the hammer without a reserve price! 88 percent of the lots - including all motorcycles - were successfully sold. Total sales amounted to around EUR 23 million, only slightly below the total estimates. Significantly more than expected was paid for some vehicles. With 29 BMWs, which were 51 years old on average, and 15 Ferraris, which had an average of four decades under their belt, two brands were dominant in Munich.
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Current Market Prices (Selection)
Coupe, 478 PS, 2916 cm3
Convertible, 240 PS, 3152 cm3
null, 320 PS, 3201 cm3
Convertible, 320 PS, 3201 cm3
4-Door Sedan, 320 PS, 3201 cm3
Convertible, 140 PS, 1796 cm3
Station Wagon, 89 PS, 1665 cm3
Convertible, 149 PS, 1991 cm3
4-Door Sedan, 115 PS, 2497 cm3
4-Door Sedan, 193 PS, 2793 cm3
Coupe, 193 PS, 2743 cm3
4-Door Sedan, 102 PS, 1596 cm3