Fresh from its success in Monterey and Hershey, Canadian company RM Auctions held its final European sale of the year, on Wednesday October 27th. Returning to central London and the Battersea Evolution, with a catalogue of 103 collectors cars, 2 motorbikes and 1 helicopter, the 5.5 hour(!) auction delivered an 87% sale rate and revenues of almost £20 million.
The spacious exhibition venue, allows all cars to be displayed internally, with an F40 and Enzo greeting attendees in the reception and the 3 stars of the sale – the “James Bond” Aston Martin DB5, Jaguar C type and Talbot Lago T23 “Jeancart Teardrop”, on the auctioneers rostrum.
A full copy of the results in sterling (including buyers premium) can be viewed here. These were the highlights…
With over 500 attendees, telephone bidders from 30 countries and the sale broadcast “live” via the internet, RM Europe’s latest auction attracted much media attention immediately prior, and post sale. Auction prices confirm the continued interest in the market as an enjoyable, rewarding and relatively “safe” haven for private collectors cash, as well as dealers having the opportunity to replenish depleted stock, with attractively priced inventory.
Me…I kept my hands in my pockets in London (as I have a plan!), except for delivering a letter to David Cameron, giving him 15 reasons why McLaren’s Ron Dennis should be the next motor-sport “Knight”……and not just because he invented ronspeak!!