Market Intelligence
RM Outperforms Gooding in Auction Success
This analysis compares RM's July auction in Tegernsee with Gooding's August auction in London. While RM outperformed in car sales and turnover, Gooding's top lots broke records despite selling fewer vehicles. Both auctions illustrate market trends.
We often refer to Pebble Beach as the "market thermometer". It hosts the most expensive cars, with the best history, prestigious models, famous (and wealthy) collectors and plenty to choose from. Based on this, $400 million in turnover is not a record but still a significant figure. Let’s compare the results of two European auctions that illustrate this concept: RM in Tegernsee, Germany, held on July 27 – before Pebble Beach – and Gooding in London on August 31 (after the California week).
Gooding managed to sell less than half: 47.83% or 11 cars out of 23 and didn’t surpass 54% in value: £7,498,325 from a total of £13,910,000. None of the cars sold at Gooding met their estimates. These numbers might be alarming when viewed like this. On the other hand, RM reached a strong 67.5% in value, achieving €15,705,075 from €23,315,000, even though RM’s top lot remained unsold while Gooding’s did sell.
