Market Intelligence
It's all about D-tails
The Retromobile auction held by RM saw a 48.5% decline from 2019, and while some top lots remained unsold, the event still revealed interesting trends. The estimates for the 1955 Jaguar D-Type and the 1972 Ferrari 365 GTS/4 Daytona Spider were deemed optimistic, resulting in no sale for the former and a lower price for the latter. Meanwhile, the 1956 BMW 507 Roadster commanded a 51% revaluation in just six years, and the 1961 Jaguar E-Type Series 1 3.8-Litre revealed how rare features were once coveted but no longer command a premium. Despite the market's unpredictability, the auction reflects the trend of returning to the basics of driving, where beautiful and fun cars take precedence over intricate details.
RM has published the Retromobile auction results, and also the idea that some of the unsold top lots would subsequently be placed through discreet actions of the auction house did not bear fruits. However, it would be wrong to dismiss the €16,544.588 million result (down 48.5% on 2019) merely by looking at the numbers. Better try to understand what worked, what didn't, and why.
70% is 5 points down on than last year.
1 - Estimates, expectations and reality
