RM Sotheby’s Online-Only Palm Beach Auction Totals $13.7 Million

RM Sotheby’s Palm Beach Auction — quickly switched to an online-only format in response to the Coronavirus pandemic — was a rousing success, with a sales total of $13.7 million and more than 900 bidders from 44 countries.

The sell-through rate was 69 percent.

The auction opened for online bids on March 20, and lots closed to bidding on a staggered schedule from March 25 through March 28.

High sale was a 1996 Porsche 911 GT2 at $891,000. The Read More

Barrett-Jackson to Postpone 2020 Palm Beach Auction to October 15-17, 2020

Following the recommendation of county and state officials in Florida, executives with Barrett-Jackson today announced the company will postpone its 18th Annual Palm Beach Auction, scheduled for April 16-18, 2020, at the South Florida Fairgrounds. The decision was made due to the uncertainty of the current public health crisis and to safeguard auction customers, sponsors and guests from the potential spread of COVID-19.

“While every indication shows that our bidders, consignors and sponsors were behind our efforts to hold our Read More

RM Auctions’ Palm Beach Auction Shifts to Online Only

RM Auctions, a division of RM Sotheby’s Group, today announces that its forthcoming Palm Beach auction, scheduled 20–21 March at the Palm Beach International Raceway, will be canceled and transitioned into an Online Only auction via rmsothebys.com. The decision to shift this live auction to the company’s online platform comes in light of the current guidance from public health officials regarding the global COVID-19 outbreak.

The auction house came to the decision to cancel its live auction as a precautionary Read More

Porsche and Ferrari Shine at Gooding Amelia Island

President David Gooding and Auctioneer Charlie Ross sell the 1976 Porsche 934 for $1,380,000. Photo copyright and courtesy of Gooding & Company. Image by Jensen Sutta.

Gooding & Company, the auction house revered for selling the world’s most desirable and prized collector cars, realized $20,785,080 in a single day at the company’s 11th annual Amelia Island Auction. The auction house achieved an impressive 93% sales rate from 83 of 89 lots sold, producing an average price of $250,422 per lot Read More

RM Sotheby’s Achieves Over $35.8m at Amelia Island

RM Sotheby’s returned to the Ritz-Carlton at Amelia Island this past weekend for the company’s 22nd annual sale as the official auction house of the renowned Amelia Island Concours d’Elegance. A two-day auction for 2020, the sale was a resounding success, totaling more than $35.8 million and with 94 percent of all lots offered finding new homes. Bidder registration exceeded that of 2019, representing 30 countries and with 17 percent bidding with RM Sotheby’s for the first time.

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Preliminary Amelia Island Auction Results

RM Sotheby’s Totals $35.8 Million at Amelia Island

A 2003 Ferrari Enzo that brought $2,782,500 led the way to RM Sotheby’s $35.8 million total at their March 6-7 Amelia Island Auction.

Second-highest sale was a 1938 Bugatti Type 57 cabriolet at $1,655,000, and third place went to a 1963 Ferrari 250 GT/L Lusso at $1.6 million.

Bidders snapped up 94% of the lots.

Click here for complete results.

Gooding & Company Reaches $20.7 Million at Amelia Read More

Russo and Steele Cancels 2020 Amelia Island Auction

Russo and Steele has canceled their March 10-12 Amelia Island Auction.

The auction was canceled this year because of problems with the site at the City of Fernandina Beach Municipal Airport, said Ty Woodhall, Russo and Steele marketing director.

Russo and Steele is working with the city to improve the site, and the company will have an Amelia Island Auction in 2021, Woodhall said.

Russo and Steele is now focused on their August 12-15 Monterey Auction, Woodhall said.

From The Auction Desk: Bugatti Spring

If you’re interested in Bugattis, this is your spring for shopping.

You’ll need to open up that checkbook, however, to get involved in any real amount of fun.

A few weeks ago, Gooding & Company announced the star car to their Passion of a Lifetime sale coming to London on April 1. The 1934 Bugatti Type 59 Sports was part of the Bugatti Grand Prix team from 1934–35. The car, primarily driven by René Dreyfus, finished third at the Read More

RM Sotheby’s Paris Results Hit $18 Million

A matching-numbers 1958 BMW 507 Series II roadster — part of the Poster Car Collection — was high sale at €1,996,250 ($2,225,819) at RM Sotheby’s Paris Auction on February 6 at Place Vauban.

Total sales were €16.5 million ($18.4 million), with 75 percent of the lots sold.

A 1964 Porsche 904 GTS was second-highest sale at €1,917,500 ($2,138,013) and a 2012 Bugatti Veyron was in third place at €1,523,750 ($1,698,981).

“‘We enjoyed some strong results in Paris. Read More