Bavarian Legends Collection grosses €7,725,625, smashing
multiple world records for individual models
MUNICH, GERMANY – November 28, 2022 – (Motor Sports NewsWire) – RM Sotheby’s arrived at Motorworld in the heart of Munich for the first time and left having achieved a truly remarkable sale in which multiple world record prices were achieved. The sale has closed off the European auction calendar in impressive style as it totalled €23,500,610 and achieved an impressive 90.5% sell-through. The auction is only the second sale RM Sotheby’s has conducted in Germany and has become the highest-grossing collector car auction to ever take place in the country. The event took place in a truly packed auction room with bidders representing 44 countries. The sale was notable for including the remarkable Bavarian Legends Collection, offered entirely without reserve and featuring some of the greatest models ever built by BMW, spanning from the pre-war period all the way through to the 21st century.
Six lots exceeded €1,000,000, topped by a 1991 Ferrari F40, a lovely and well-maintained example of what remains one of Maranello’s hottest properties. Retaining matching-numbers body, chassis, engine, and gearbox, and with only 9,400 recorded kilometres, it brought €2,311,250. Many eyes were on the 1938 Mercedes-Benz 540 K Special Roadster in the style of Sindelfingen, which sports a stunning recreation of the special roadster body on a factory 540 K Cabriolet B chassis which retains its matching-numbers engine. This stunning car deserved its €2,007,500 selling price, exceeding its high estimate. From within the Bavarian Legends Collection, the 1958 BMW 507 Roadster Series II achieved an excellent €1,917,500 and is one of just 252 built. A sought-after Series II car, it has a matching-numbers chassis and engine. The 2008 Lamborghini Reventón, one of only 20 examples produced, had a mere 106 kilometres on the clock and sold for €1,748,750. Rounding off the five top sellers of the sale was the 2017 Ferrari F12tdf, part of the stunning Driver and Rider Collection, which sold for €1,208,750.
The Bavarian Legends Collection
The truly outstanding collection of 32 cars and motorbikes was largely made up of rare and low-mileage BMWs from across seven decades of the marque’s history and was offered entirely without reserve. The collection delivered some of the most remarkable auction results seen in 2022, with a number of cars selling for prices that far exceeded their high estimates, and which have set world records for many individual models. Beyond the top-selling 1958 BMW 507 Roadster Series II, it was no surprise that the 1980 BMW M1, a car delivered new to the head of the BMW M1 project, Jochen Neerpasch, and uniquely finished in Grey over Brown, sold for €792,500. The iconic 1975 BMW 3.0 CSL ‘Batmobile’ was one of the best results of the night, selling for €578,750 against a pre-sale high estimate of €220,000. The collection delivered exceptional prices for many lots, with 19 of the 32 lots more than doubling their low estimates. Typical of the incredible results achieved across the board is the 1997 BMW M3 Evolution; a desirable 3.2-litre variant of BMW E36 M3 and finished in Dakar Yellow over a Black interior, the car had only 2,752 kilometres on its odometer and sold for an astonishing €286,250, more than seven times its pre-sale high estimate.
Worthy of note was the 2022 Mercedes-AMG GT 63 S E PERFORMANCE, offered by Mercedes-Benz as a one-off commemorative model designed in collaboration with Swiss tennis legend Roger Federer. With all proceeds going to charity, the car sold for an exceptional €212,750.
Statistics and Highlights
- 74 lots were offered
- Bidders came from 44 different countries
- 46% of bidders were new to RM Sotheby’s
- German bidders represented 37% of total
- Six lots exceeded €1,000,000
- Total auction grossed €23,500,610
- Bavarian Legends Collection grossed €7,725,625
- 27 of 32 lots in the Bavarian Legends Collection exceeded high estimate
- All but one of the lots in the Bavarian Legends Collection exceeded low estimate
- 19 of 32 lots in the Bavarian Legends Collection more than doubled their low estimates
Top 10 Lots
|1991 Ferrari F40||€2,311,250|
|1938 Mercedes-Benz 540 K Special Roadster in the style of Sindelfingen||€2,007,500|
|1958 BMW 507 Roadster Series II||€1,917,500|
|2008 Lamborghini Reventón||€1,748,750|
|2017 Ferrari F 12tdf||€1,208,750|
|2005 Porsche Carrera GT||€1,062,500|
|2010 Ferrari 599 GTO||€860,000|
|2018 Ford GT||€815,000|
|1980 BMW M1||€792,500|
|1975 BMW 3.0 CSL ‘Batmobile’||€578.750|
Marcus Görig, RM Sotheby’s Lead Car Specialist for the German Market, said: “RM Sotheby’s has enjoyed an exceptional year on both sides of the Atlantic, and for us to come to Germany for only the second time and to achieve this record result is simply outstanding. There was so much excitement around this sale and the atmosphere in the room was electric. With so many bidders attending in person and joining from around the world via phones and the internet, we have delivered a result which has exceeded all our expectations.”
For further information on RM Sotheby’s Munich auction, please visit rmsothebys.com.
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About RM Sotheby’s
RM Sotheby’s is the world’s largest collector car auction house by total sales. With over 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 seven of the top ten most valuable motor cars ever sold at auction.
Source: RM Sotheby’s