RM/Sotheby's Rudi Klein's "Junkyard" auction 2024 - Millions for scrap and restoration objects
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Summary
On October 26, 2024, RM/Sotheby's auctioned off part of Rudi Klein's collection under the title "The Junkyard Sale". In addition to over 130 engine and spare parts lots, 67 cars and three motorcycles also went under the hammer. Together, the vehicles were estimated at over USD 20 million. However, the bidders were much more euphoric and some went for up to 25 times the estimated value. The high-flyer was an aluminum 300 SL gullwing for USD 9.4 million, which still has a lot of work to do. This auction review analyzes the results, reflects the mood on site and shows all the vehicles in pictures.
This article contains the following chapters
- Especially Porsche and Mercedes-Benz
- The Alu-300-SL-Gullwing as a high-flyer
- The Iso Grifo A3/L Spider
- Expensive Ro80 from Pininfarina
- Up to 25 times
- Tight prices for the three and a half Miuras
- Caracciola's 500K disappointed (a little)
- Ferrari with varying degrees of demand
Estimated reading time: 7min
Preview (beginning of the article)
The announcement had already triggered a lot of euphoria. On October 26, 2024, RM/Sotheby's finally brought 67 cars, three motorcycles and many rare engines/spare parts under the hammer in a live auction in the Los Angeles area. The more than 130 spare parts lots with many Porsche engines as well as parts for Lamborghini, Ferrari and Mercedes-Benz fetched a total of almost USD 770,000, while USD 216,000 was paid for an almost complete engine for a Lamborghini Miura P400 S in parts, which would have been costly to rebuild. But things only really got going when the cars were called after about 90 minutes. Internet bidders, telephone callers and the people in the room all bid up to amounts that were usually well above expectations. On average, 260% of the median estimate was bid for the 70 vehicles, which together had been estimated at around USD 20.1 million in advance.
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