RM auction in London 2014 - selective buyer interest
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Summary
The RM auction in London on September 8, 2014 had been eagerly awaited, as it offered another opportunity to assess whether the high-price phase and the sometimes almost unbelievable price developments had come to an end. 69 of the 80 vehicles were sold for a total of not quite 22 million British pounds (€ 27.2 million, CHF 32.7 million). So there can be no question of a slump. But there were still surprises. This report shows all the offers, all the results and analyzes them.
This article contains the following chapters
- Around 30 million in four hours
- Expensive Ferrari
- Popular youngtimers
- Special rarities
- Efficiency and speed
- Really cheap
- List of results
Estimated reading time: 6min
Preview (beginning of the article)
The RM auction in London had been eagerly awaited, as it offered a further opportunity to assess whether the high price phase and the sometimes almost unbelievable price developments had come to an end. The results do not allow any simple conclusions to be drawn, but there can certainly be no talk of a bursting bubble, at most a short-term stagnation, if at all. RM offered 80 cars in London on September 8, 2014. These were driven across the stage for the first time and were duly admired by the large audience. After around four hours, 86% of the cars on offer were sold, with the total volume amounting to not quite £22 million (€27.2 million, CHF 32.7 million). On average, a buyer paid £ 315,564 (€ 394,455, CHF 473,346) as the highest bidder including the 12% surcharge. 33% of the vehicles were offered without a reserve price and there were also some surprises here.
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