RM/Sotheby's Palm Beach auction 2020 - also "online-only" with presentable results
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Created on March 29, 2020
, Reading time 5min
Text:
Bruno von Rotz
Photos:
- Courtesy RM/Sotheby's
57Ryan Merrill - Courtesy RM/Sotheby's
8Thatcher Keast - Courtesy RM/Sotheby's
8Ken Wallace - Courtesy RM/Sotheby's
5Tim Scott - Courtesy RM/Sotheby's
5Darin Schnabel - Courtesy RM/Sotheby's
4Corey Escobar - Courtesy RM/Sotheby's
4Rasy Ran - Courtesy RM/Sotheby's
3Jasen Delgado - Courtesy RM/Sotheby's
1Andrew Miterko - Courtesy RM/Sotheby's
1Ravi Angard - Courtesy RM/Sotheby's
1Nathan Leach-Proffer - Courtesy RM/Sotheby's
1Debby Winders - Courtesy RM/Sotheby's
1Pete Fisher - Courtesy RM/Sotheby's
1Motorcar Studios - Courtesy RM/Sotheby's
1Really.photo - Courtesy RM/Sotheby's
1Theodore W. Pieper - Courtesy RM/Sotheby's
1Ned Jackson - Courtesy RM/Sotheby's
1Christian Brown Photography - Courtesy RM/Sotheby's
1Erik Fuller - Courtesy RM/Sotheby's
1Jeremy Cliff - Courtesy RM/Sotheby's
1Nathan Deremer - Courtesy RM/Sotheby's
1Drew Shipley - Courtesy RM/Sotheby's
1Josh Sweeney - Courtesy RM/Sotheby's
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Summary
260 vehicles, including a Vespa, were offered at the RM/Sotheby's auction in Palm Beach. However, due to the coronavirus pandemic, it was not possible to hold an event with an audience on site. The vehicles were therefore auctioned exclusively online. In this way, USD 13.3 million of the estimated USD 29 million was realized. 63% of the vehicles were sold, and on average 77% of the estimated values were bid. Although some of the prices were somewhat lower than we have been used to in recent months, there was no sign of a sell-out and some of the lots were even auctioned at impressively high prices. This auction report analyzes the results and shows many of the cars on offer in pictures.
This article contains the following chapters
- Result significantly better than feared
- Heterogeneous offer
- The high-flyer from Oldsmobile
- Three Ferrari Testarossa
- Some super classics
Estimated reading time: 5min
Preview (beginning of the article)
With 260 vehicles, the Palm Beach auction is one of the largest events organized by the RM/Sotheby's auction house. The event was originally planned as a four-day auction with an on-site audience, but the coronavirus pandemic forced the organizers to adapt the procedure. The auction was ultimately held as an online-only auction from March 20 to 28, 2020. Bids were accepted from March 20, 2020, while the closing took place on a rolling basis for the last lots on March 28, 2020. After just a short time, the bids submitted totaled over USD 13 million, and after eight days, bids for USD 22 million were even registered. One lot was withdrawn.
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Current Market Prices (Selection)
null, 390 PS, 6965 cm3
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Station Wagon, 107 PS, 1700 cm3
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null, 95 PS, 2443 cm3