Market Intelligence
RM Amelia: where does the wind blow?
Cliff Goodall’s view: The Gooding auction shows a retrenchment in the Ferrari supercar market, with some models selling below their estimated value. The most expensive car of the sale was a 2010 Pagani Zonda R.
It’s interesting to see how a thriving market always knows how to adapt and realign itself with the changing times: taking an in-depth look at the Gooding auction, it becomes immediately clear how certain car categories have reached a plateau after a period of vigorous growth. That’s perfectly normal in a healthy market, but it should nevertheless be taken into consideration. On the contrary, there is a growing interest in long-neglected models that have found unexpected attention.
Looking at the data, RM brought more or less the same number of cars to the event (87 last year, 88 this year) and sold (77 compared to 79) with a success rate of almost 90%. Takings from sales were less vigorous than expected, however: $63,611,010 (€59,686,210) sold, up 37% on last year’s result, but nevertheless well below the estimated 70% rise. The fact that the Top lot went unsold – certainly not a good sign – played an important role there even though it was sold after the event.
