Market Intelligence
Bonhams in Switzerland: the ship sets sail...
The article discusses the recent car auction in Cheserex, Switzerland, which had fewer cars but sold more of them. The auction had a 89.13% of cars changing hands with a 23.9% increase in the average price from last year. The top-selling car, a 1963 Ferrari 250 GT Lusso, sold for approximately $1,460,000, and the article offers some insights into the value of Ferrari Classiche certification. The article also notes the rise in prices of the 996 series Porsche 911s and offers suggestions on cars that are still good value for money, including the Ferrari 575 Superamerica and the Ferrari 550 Maranello.
The auction at Cheserex in Switzerland was the first of its new chapter and swept away the “cobwebs” of the Bonhams auctions. With its exhilarating style borrowed from the Americans (RM taught them a lot here...), the Dutch auctioneer captured the audience’s attention for over three hours without missing a single beat and without losing the interest – and offers – of the bidders.
As always, the results are in the numbers: this year they offered fewer cars but sold more of them, 41 sold out of 46 on offer (compared to 33 out of 53 in 2020) and the average price was 23.9% higher, up from €208,286 ($248,225) in 2020 to €258,050 ($307,531). The result, therefore, was 89.13% of the cars changing hands (numbers comparable to... RM) and €10,580,081 ($12,608,844) in takings (+54% compared to last year) with 33% less total value on offer. The icing on the cake? 105.3% of the total value in takings.
