The Market


RM's March 2020 Essen sale is cancelled

RM's March 2020 Essen sale is cancelled 11th March 2020

Due to current concerns over the coronavirus, Techno Classica has been postponed.  The Canadians’ scheduled two-day auction in Essen is therefore off until a new date is fixed in the “second half of June”.

RM’s full press release reads as follows:

“RM Sotheby’s forthcoming Essen auction is postponed until second half of June. RM Sotheby’s, along with all participants of The Techno-Classica Essen show, are working in consultation with the organizers of the event in order to establish a fixed new date. The decision to not proceed with original dates comes in light of the global COVID-19 outbreak and the need to secure the safety of the exhibitors, staff, auction and event visitors, and all decisions are being made in consultation with the health department of the German government.

“It is both our and the Techno-Classica organization’s primary goal to ensure the good health of our customers, auction visitors and staff, while all parties are committed to reorganizing this incredible annual event as quickly as possible in 2020. RM Sotheby’s will do all it can to ensure the transition to a new date is as smooth as possible for all involved.”

At Essen last year, RM grossed €18,446,530 at a healthy sell-through-by-number of 83%.

Photo by K500