RM Sotheby’s ‘transcontinental’ auction achieves more than $11 million

Credit: Original article published by Classic Cars Journal.

Open Roads, February was the combined name of three collector car and memorabilia sales held together February 19-28 from the UK, Europe and the US by RM Sotheby’s Online Only division, which called the event its “first transcontinental auction.”

The auctions were even held in three currencies: euros, dollars and Swiss francs (CHF).  Combined sales for the auctions were $11,152,675 with 76 percent of the lots sold with bidders from 41 countries. All results include auction fees.

The Pininfarina-styled 1968 Ferrari 330 GTC rides on Borrani wire wheels

The offerings closed for each sale over the last three days of bidding, with the first auction that closed, of consignments from the UK and Europe, reaching €3,328,600 ($4,006,330) in sales. 

The second auction that closed was based in North America and resulted in a $3,236,075 total. 

The third auction comprised a Swiss single-owner collection of seven rare Porsches, six of which sold for a total of CHF3,619,000 ($3,911,270).

The three highest-selling cars were from the Swiss Porsche Collection, a 2015 Porsche 918 Spider that went for CHF1,000,1000 ($1,078,307), a 2005 Porsche Carrera GT at CHF781,000 ($773,450) and a 1995 Porsche 911 Turbo Cabriolet at CHF704,000 ($758,370).  Six of the top-10 sales were from the Swiss Porsche auction.

A 1968 Shelby GT500 KR was the highest-selling US car

While most of the vehicles sold during the three-way auction were European and UK sports cars, a number of American cars went to new owners during the North American segment.  The highest sale for a US product was that of a 1968 Ford Shelby GT500 KR fastback, which reached $190,000.

The top-10 highest-selling cars from the Open Roads auction event were:

1. 2015 Porsche 918 Spider at CHF1,000,1000 ($1,078,307)

2. 2005 Porsche Carrera GT at CHF781,000 ($773,450)

3. 1995 Porsche 911 Turbo Cabriolet at CHF704,000 ($758,370)

4. 1962 Ferrari 250 GTE 2+2 Series II “hot rod” at $682,000

5. 1963 Aston Martin DB5 at €627,000 ($750,660)

6, 2016 Porsche 911 R at CHF412,500 ($444,357)

7. 2018 Porsche 911 GT2 RS “Weissach” at CHF385,000 ($414,734)

8. 1967 Aston Martin DB6 Volante at 379,500 ($454,349)

9. 1968 Ferrari 330 GTC at €379,500 ($454,349)

10. 2010 Porsche 911 Sport Classic at CHF335,500 ($361,411)

(All results include auction fees)

RM Sotheby’s next auction will be Open Roads, March “presented in different currencies and locations throughout the globe” on the Online Only platform from March 19-26.   The company’s next live auction takes place May 22 at Amelia Island, Florida. 

For more information, visit the RM Sotheby’s website.

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