Market Intelligence
RM Munich. Crazy offers
RM Auctions in Germany, held in Munich on November 26, 2022, set a new record with the sale of 30 cars, 27 of which were BMWs, two Minis, and a Rolls-Royce, all from the same collection, and all without reserve. The auction was divided into two parts, with the second part seeing a total sale of €7,604,425 ($7,890,500), equivalent to 181.70%. The top lot of the day was a 1991 Ferrari F40, which sold for €2,311,250 ($2,404,950). The auction also saw the sale of a 1989 Ferrari 328 GTS, which sold for €184,000 ($191,450), a record for a physical auction, and a 1969 Ferrari Dino 206 GT, once belonging to Alain de Cadenet, which sold for €303,125 ($315,415).
The second RM Auction in Germany held in Munich on 26th November, can be divided into two parts: 36 cars (of which 5 without reserve) of various brands and origins, estimated at a total of €17,330,000 ($17,980,000) and the second part, 30 cars, 27 BMWs, 2 Minis and a Rolls-Royce, all from the same collection – I wouldn’t stake my reputation on it but it looked very much like the BMW Museum – and all without reserve.
If the result of the first part was an excellent 80.55% of lots sold and over 90% in value (€15,604,825), the second part can only be defined as truly unbelievable. Conservatively estimated at €4,185,000 ($4,342,450), the cars went for a total of €7,604,425 ($7,890,500), equivalent to 181.70%! We haven’t seen a frenzy of offers like this since the Duemila Ruote sale in Milan, in 2016.
