It's all about D-tails

RM has published the Retromobile auction results, and also the idea that some of the unsold top lots would subsequently be placed through discreet actions of the auction house did not bear fruits. However, it would be wrong to dismiss the €16,544.588 million result (down 48.5% on 2019) merely by looking at the numbers. Better try to understand what worked, what didn't, and why.