One step forward. Almost two steps back

It would appear that the strength of RM Sotheby’s in online auctions is slowly diminishing. There are undoubtedly a number of factors at play here: on the one hand, the significant competition from specialist sites (the most recent: The Market, which has been incorporated into Bonhams), then probably an excess of supply – let’s face it: it’s difficult to organise one auction per month full of fantastic cars – as well as the fact that many hope that, starting from Amelia Island at the end of the month, we will return to organizing physical auctions for the most prestigious events. The question arises as to whether RM is relinquishing its grip on this sector, which is as competitive as it is unprofitable: the big million-dollar cars do not exist here and the commissions are reduced to a minimum.