Market Intelligence
RM Sotheby’s and Bonhams: fireworks in Paris
RM and Bonhams both saw success at their recent Paris auctions, with RM selling over €50 million ($53 million) and Bonhams reaching over €28 million ($30 million). Hypercars were popular, with a Bugatti Chiron Profilée selling for €9.8 million ($10.5 million) and a black Ferrari Enzo selling for €4.1 million ($4.4 million). Other notable sales included a 1948 Talbot-Lago T26 Grand Sport for €2.2 million ($2.4 million) and a triptych of top-range McLarens. Despite being missing from the collector market for seven months, a 1959 Mercedes-Benz 300SL Roadster sold for €1.7 million ($1.9 million) after an exhaustive restoration.
Just one week after Arizona, RM and Bonhams found themselves setting off their own fireworks in the French capital after the spectacular ones we saw in the USA.
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Some numbers to give you an idea of the success: RM sold €50,016,600 ($53,441,675), more than double the €24,718,150 ($26,410,820) they made last year. Bonhams reached €28,916,750 ($30,896,935), more than 55% up on the €18,629,425 ($19,905,145) of 2022.
