Market Intelligence
RM Sotheby's at Le Mans, Bonhams in Switzerland: good sales but cautious offers
Global collectibles market thrives in North America and Europe. Car auctions remain impressive with strong sales (73% at RM, 88% at Bonhams). Prices stabilize for prestigious and mid-range models. Consider when deciding, but no need to panic.
Cliff Goodall’s view
For RM, it was a (high-risk) gamble, while for Bonhams, it was a confirmation. In the second week of June, two auctions captivated the interest of the European market.
RM organized a sale to commemorate the centenary of the 24 Hours of Le Mans, presenting a modest selection of just 22 vehicles, with only two offered without reserve. The average price per car was over £1.6 million. Meanwhile, Bonhams chose the well-established Bonmont location in Switzerland, bringing 58 cars to their event, a remarkable 44 of which were offered without reserve.
