Market Intelligence
German auctions? Über alles
Two auction houses, Dorotheum and Bonhams, held sales of cars and jewelry over the same weekend in July 2022 in Austria and Switzerland. Dorotheum sold 88.61% of the 79 cars on offer and Bonhams sold 87.03% of their 54 cars, with 63% sold without reserve. Both houses were satisfied with their results, with Dorotheum collecting €4.6m and Bonhams €7.4m. The top lot, a 2010 Lamborghini Reventon Roadster, was offered at Bonhams but went unsold, while the most expensive car sold was a 1991 Ferrari F40 that exceeded its estimate, selling for €1.95m.
German-speaking countries are not famous for their international auctions, but today’s two are quite an exception: organized over the same weekend (2nd-3rd July), the sales at Dorotheum and Bonhams played hosts to an international clientele that were more than willing to dig deep into their pockets in order to take home some exceptional jewels.
Dorotheum is the most important Austrian auction house and assembled 79 cars in Vösendorf. Of these, 70, or 88.61%, found a new owner.
