The Market

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RM grosses $16.8m at inaugural Dubai auction

In a no-nonsense event conducted over little more than an hour, RM despatched 16 of the 22 motor cars offered at its first-ever Dubai sale. The event had been pulled forward a day due to bad weather, but that did not stop lively bidding in the room and over the telephone. Proceedings were co...
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Market summary: what we learned in Florida

The results are in – finally. After frantic post-sale dealing, the combined total for the four firms holding auctions last weekend tops $186m, which breaks 2023’s record $178m. But did bigger mean ‘better’ as far as the health of the marke...
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2024 Florida sales – Broad Arrow’s final day at The Amelia

We might not have the final results in from the official auction of the Hagerty-owned concours until early next week, but we understand with after-sales the firm’s gross has now reached $58.9m at a sell-through of 90%. In 2023 that was $28.6m at...
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2024 Florida sales – RM finishes in Miami with ca. $50m over two days

Having recorded in excess of $27m yesterday – at ca. 78% sold by number – with expected after-sales the two-day gross for RM at its new Miami venue looks to be in the region of $50m, with eight out of 10 cars finding new owners. It was a ...
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2024 Florida sales – Broad Arrow’s first day at Amelia Island

So how did official auction partner of The Amelia, given a free run at the Ritz Carlton after the departure of arch-rival RM Sotheby’s south to Miami, do at its own event? Looking at a likely gross for one day of $23.6m+, at a sell-through of at...
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2024 Florida sales – Gooding wraps it up at Amelia Island

Waiting on official figures, after a two-day, 127-car event, we estimate a likely gross for Gooding's 2024 Amelia Island sale to be ca. $60m. In 2023 – with a larger catalogue – that figure was a record $72.68m. All the talk on Friday was abou...
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2024 Florida sales – RM opens its account in Miami

The wait is over. But was RM’s decision to split from the other established Amelia Island auctions, moving 100s of miles away to set up a new event in Miami, worth it? On the face of the first day’s provisional results, a qualified ‘yes’. ...
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