Market Intelligence
Bonhams and RM in the USA: great deals and bazaars
The article reports on the recent sales of classic cars at auctions by RM and Bonhams in the US. RM sold 97 cars for a turnover of $20,302,150, while Bonhams sold 34 cars for a turnover of $6,812,980. The top lot at RM was a 1960 Mercedes-Benz 300SL Roadster which sold for $1,595,000, while Bonhams sold a 1957 BMW 507 S2 Roadster for $2,315,000. The article discusses the range of cars sold, including replicas and recreations, and the unpredictability of the market.
Even after the giant shopping sprees in August, the American auctions simply refuse to stop: Bonhams announced a sale in Newport (Rhode Island) during the Audrain Concours on 30th September. While RM had the opportunity to sell the entire collection of Gene Ponder and chose September 24th for the event.
The numbers? You can see them on our dashboard but I can quickly summarize them here: RM offered 97 cars without reserve and sold them all. Turnover was $20,302,150 (€20,904,400), above the pre-sale estimates, so there was some rejoicing in the room.
