Fresh from its success in Hershey and Grapevine, Texas - Canadian company RM Auctions held its final European sale of the year on Wednesday October 31st. Returning to central London for the sixth time and the Battersea Evolution with a catalogue of 92 collectors cars, 2 motorbikes and 1 quad-bike (the quad made £4k, a Brough Superior SS100 £280k) - the 4.5 hour auction delivered an 84% sale through rate, and revenues of almost £14.2 million. The spacious exhibition venue allows all cars to be displayed internally, with an Aston Martin DB4 and Alfa Romeo 1750 greeting attendees in the reception and the 3 stars of the sale – the Ferrari 250 Tour de France, Mercedes 300 SL (alloy body) and 300SL Roadster on the auctioneers rostrum. A full copy of the results in sterling (including buyers premium) can be viewed here.
These were my highlights:
With more than 500 attendees, telephone bidders from 33 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…..I have a plan!