Total & Average Prices Up at RM Sotheby’s NY Sale

Sports Car Digest did a comparison of the RM Sotheby’s sales held at the company’s New York headquarters in December of 2013 and 2015. The numbers tell an interesting story. Fewer cars were sold late last year but the total was higher (and therefore the average price by a 70% margin.) The median sale price was lower but the estimates were much better with fewer cars selling below or above estimate ranges.

Here’s Sports Car Digest’s take on some specific cars:

The car guys in the room, on the other hand, were aghast at the $3.74 million realized for the Pierce-Arrow Silver Arrow sedan, another notch in the belt of a healthy and largely fad-resistant Classic Car market.

Only one of the Ferraris did anything spectacular, and it wasn’t the headline consignment 290MM at $28 million. The Ferrari surprise was the Enzo, which brought $3.3 million, a step up on the order of two times from other recent (non-Papal) Enzo transactions.

RM Sotheby’s New York City 2015 (Sports Car Digest)