RM Sotheby’s Achieves 91 Percent Sell-Through in First-Ever European Online Only Sale

THURSDAY OFFERING OF ONLINE ONLY: THE EUROPEAN SALE
SEES 83 PERCENT OF LOTS SOLD

AS-NEW PORSCHE 935 ‘MARTINI’ BRINGS €1.32 MILLION
IN RM SOTHEBY’S ONLINE ONLY: THE EUROPEAN SALE

LONDON, ENGLAND –  June 12, 2020 – (Motor Sports NewsWire) – Today, RM Sotheby’s completed the second and final day of lot closures for its first-ever European car auction held via its proprietary Online Only platform; The European Sale. Following tremendous results for the first day of lot closures on 10 June, which were all presented from The Petitjean Collection, the auction saw 111 additional lots close for bidding during the Thursday session with 83 percent of all lots finding new homes, making for a two-day sell-through rate of 91 percent, a new benchmark for the RM Sotheby’s team in Europe.

Sales were led by the limited edition, delivery mileage 2020 Porsche 935 ‘Martini’ at €1.320.000. Presented in ‘as new’ condition, the 935 ‘Martini’ is the German manufacturer’s modern interpretation of the immortal 935 Group 5 racer. The second of only 77 examples produced over the last year by Porsche and now virtually unobtainable, serial no. 02/77 was delivered new to a Monaco-based collector in desirable Martini livery wrapping and fitted with a liquid-cooled, twin-turbocharged Type MA173 alloy-cased water-cooled six-cylinder boxer-type engine.

200612-1939-Bugatti-Type-57-Cabriolet-by-Gangloff-(Credit-–-Remi-Dargegen-©-2020-Courtesy-of-RM-Sotheby’s)
1939 Bugatti Type 57 Cabriolet by Gangloff

1997 RUF CTR2 Sport (Credit – Peter Singhof © 2020 Courtesy of RM Sotheby’s)
1997 RUF CTR2 Sport

Pre-war European classics also stood out on Thursday with an elegant 1939 Bugatti Type 57 Cabriolet by Gangloff taking the second top sale slot of the day at €770.000. Exhibited on the Bugatti stand at the 1939 Geneva Salon, the one-off Type 57 was originally a company demonstrator car, driven by the legendary Works team driver Jean-Pierre Wimille, and came to the Online Only auction following a previous 56 years of faithful care within the noted Quattroruote Collection in Italy.

Additional top sales include a pair of racing and rally legends—a 1997 RUF CTR2 Sport, one of two originally built for the Pikes Peak International Hill Climb, at €682.000; and a 1981 Lancia 037 Stradale, the 14th of 207 examples built, at €451.000—as well as a rare left-hand-drive 1967 Aston Martin DB6 Volante, restored by Aston Martin Works and driven less than 800 km since the restoration, which achieved €627.000.

An official press release with complete and final results will be distributed on 12 June, and complete results from RM Sotheby’s Online Only: The European Sale featuring the Petitjean Collection will be made available at rmsothebys.com. Results are listed in EURO and include buyer’s premium.

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About RM Sotheby’s

RM Sotheby’s is the world’s largest collector car auction house by total sales. With 40 years of proven results in the collector car industry, RM’s vertically integrated range of services, from auctions (live and online) and private sales to estate planning and financial services, coupled with an expert team of Car Specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby’s is currently responsible for six of the top ten most valuable motor cars ever sold at auction.

RM Sotheby’s launched its Online Only division in 2019, providing consignors and bidders an easy-to-use, proprietary platform that allows faster transactions to take place while still harnessing the level of service and global reach for which the RM Sotheby’s team is known. For further information, visit rmsothebys.com.

Source: RM Sotheby’s

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