Market Intelligence
RM Sotheby’s. Niki Lauda wins in St. Moritz
RM St. Moritz 2023: Cliff Goodall's Auction Review. A triumph of lessons learned, 94.68% cars found new homes, with a 66% total estimate realization. Standouts include a Porsche 911 GT3 RSR and a surprising Mercedes 190E 2.5-16.
Cliff Goodall’s view
They say that “defeats teach more than victories,” and RM, following last year’s auction setback in St. Moritz, took this to heart. Presenting the Iseli collection, featuring around seventy quirky cars, most without reserve, proved to be a winning formula. Of the 94 cars proposed, 81 were offered without reserve, with a total estimate of 8,661,000 Swiss Francs (SFR). While many cars without reserve sold for prices below their estimates, the 5,746,535 SFR in total takings represented 66% of the overall prediction (compared to just over 25% last year). Furthermore, an impressive 94.68% of the cars offered found new owners.
__RM St. Moritz, 15th September 2023__
