For RM Sotheby’s in Munich, the first time’s the charm.
RM Sotheby’s has concluded its first auction in Munich, and only its second auction in Germany, and already, it has broken the record for Germany’s highest-grossing collector car auction. Bidders at the auction represented an incredible 44 countries, and with a 90.5% sell-through rate, the roughly $24,311,616 sale was quite a remarkable event. With six lots selling at over $1 million in value, the cars for sale were true collectors’ gems. In addition, the Bavarian Legends Collection of historic BMWs, coinciding with BMW M’s 50th Anniversary year, added another layer of anticipation to the already electric event.
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At the top of the list of highest sellers was a 1991 Ferrari F40, which sold for roughly $2,386,250. After that came a 1938 Mercedes-Benz 540 K Special Roadster in the style of Sindelfingen, which sold for an approximate $2,072,643. Following that was a 1958 BMW 507 Roadster Series II which sold for approximately $1,979,097, one of just 252 cars made. Coming in fourth place was one of just 20 2008 Lamborghini Reventon with under 66 miles, selling for around $1,807,201. Rounding out the top five was a 2017 Ferrari F12tdf, selling for roughly $1,249,152. With such a successful inaugural auction in Munich, RM Sotheby’s German presence can look forward to a bright future.
Source: RM Sotheby’s