RM Sotheby’s reports a record year.
RM Sotheby’s is proud to celebrate an extraordinary end to 2024, with global sales skyrocketing over $887 million. The auction house’s overall success came from live and online auctions, private sales, and its Sealed platform, which saw impressive momentum throughout the busy year. RM Sotheby’s also maintained a 96% sell-through rate, which is a tell-tale sign of a strong collector car market, and its ability to connect buyers with rare and significant cars. With bidders from 82 countries and buyers from 54, over half of them new to RM Sotheby’s, the year showcased the company’s global appeal. Events like the Dare to Dream Collection, which grossed $69.2 million, and the annual Monterey Car Week auction, featuring a $17 million Ferrari 250 GT SWB California Spider, reinforced its reputation as a leader in the collector car space.
What really stood out in 2024 was RM Sotheby’s ability to grow its global presence while keeping things fresh for collectors. The company returned to Dubai with two successful auctions, tapping into a growing Middle Eastern market, and saw strong results across high-profile sales in Monaco and London. Beyond the auctions, RM Sotheby’s made waves online, with millions engaging on social media. Its Sealed platform, known for discreet high-end sales, also had a record-breaking year with sales of standout cars like the McLaren F1 and Mercedes-Benz 300 SL Alloy Gullwing.
2024, By the Numbers:
Total Auctions: 41 across the following platforms:
- 15 Live Auctions
- 9 Online Auctions
- 17 Sealed Auctions
Over 50 auction records broken
126 cars sold for more than $1 million
Total Lots Offered: 5,211
Top Three Collections Sold:
- The Dare to Dream Collection: $69,217,196 USD in total sales
- The Junkyard: The Rudi Klein Collection: $31,044,924 USD in total sales
- The Aumann Collection at Munich: $19,161,987 USD in total sales
Global Reach:
- Cars purchased from 54 countries
- Bidders from 82 countries
- 51% of bidders were first-time participants
- 65% of buyers were first-time participants
- 96% sell-through rate
- Over 19.4 million website pageviews
Looking ahead, RM Sotheby’s shows no signs of slowing down, using its innovative approach and global reach keep attracting new buyers. Upcoming events like the Indianapolis Motor Speedway Collection promise more automotive excitement in 2025. The 2024 results are a clear sign that the collector car market is thriving. View all RM Sotheby’s inventory for sale on duPont REGISTRY by clicking the link below.
Source: RM Sotheby’s
