RM Sotheby’s Amelia Island Auction 2019 – Preview N° 1

In order to understand a trend, you do not have to look at it from one year to the next, but rather with a more “broad” vision that clearly shows how the market moves.

Take RM in Amelia Island as an example. Ten years ago, at this same auction, the cars offered that had less than twenty years (that is, they were built after 1989) were just two and, with 104 cars offered, they accounted for less than 2% of the total. They were also much cheaper than the average car, and, in fact, their aggregate value was less than 0.50% of the total.

Today the difference is clearly visible: the cars with less than 20 years are now 22, which is equal to 16% of the total and are worth more than 20%, which means an average price higher than that, equally average, of the others.

The increase in the RM Sotheby’s 2019 offer is noteworthy: + 37.5% for vehicles at the auction compared to 2018, with an estimated + 71.5% in value. A solid promise of optimism.

The cars:

1886 Benz Patent Motorwagen replica. It is the grandmother of all cars, the link between the locomotive (or the carriage) and the actual car. It is valued only at $ 40-60,000 because it is not the original one. Between 2001 and 2002, to commemorate the birth of the first car, Mercedes-Benz produced about 90 of these replicas and offered them to their most esteemed customers. This one has never been used. For those interested, it is the last lot, number 287.

It’s hard to imagine how we could buy a shiny Shelby Cobra 427 in 1966 and… never drive it! Yet, lot 264 is a testimony to this: after 53 years it has accumulated less than 1900 miles, an average of less than 36 miles per year. Cars, along with watches, are the only works of art specifically designed to be used, so it is always strange to be in front of an unused car of this caliber. In order to do so, the estimate ranges from $ 1,750,000 to $ 2,100,000

Peter Mullin is the most important Bugatti collector in the world (and the fourth in the world, according to The Key), and the fact that he has owned it for 17 years should be enough to seriously consider the idea of purchasing the Bugatti Type 51 Grand Prix year 1933, lot number 254. Of the four specimens produced for the official team, this one was supposedly Dreyfus’s. Its history without holes, albeit with numerous changes made over the years, makes it worth $ 1.25-1.6 millions.

It is said in almost all languages that “the devil is in the details”. Lot number 127 is proof of this: a normal Ferrari 612 Scaglietti of 2005 has a value of around $ 70,000, while this, with the important detail of being one of the very rare cars with manual transmissions, is estimated at $ 250-350,000 or four times as much. It has a few kilometers on its belt, true, and it is perfect. But the detail is that. To follow…

2018 Auction Data

Data in brackets (2018):

Cars offered (in parentheses, the data for 2018):
Number 140 (102)
Minimum amount estimated: $ 58,145,000 ($ 33,907,000)
Average minimum amount for car estimated: $ 415,321 ($ 332,421)
Cars offered without reserve: 76 (56)
Percentage of cars offered without reserve: 54.29% (54.90%)
Average minimum amounts without reserve: $ 161,579 ($ 132,625)
Average year of production: 1966 (1963)

Cars with minimum estimate below $ 100,000: 32 (20)
Cars with minimum estimate between $ 100,000 and $ 250,000: 50 (40)
Between $ 250,000 and $ 500,000: 27 (20)
Between $ 500,000 and $ 1,000,000: 15 (12)
Over $ 1 million: 16 (10)

Cars in catalog by year of production

Cars produced until 1899: 1
Cars produced 1910-1919: 2
Cars produced 1920-1929: 8
Cars produced 1930-1939: 25
Cars produced 1940-1949: 3
Cars produced 1950-1959: 16
Cars produced 1960-1969: 22
Cars produced 1970-1979: 14
Cars produced 1980-1989: 9
Cars produced 1990-1999: 16
Cars produced 2000-2009: 15
Cars produced 2010-2019: 7

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