What will happen at the RM Auction in January? | FerrariChat

What will happen at the RM Auction in January?

Discussion in 'Vintage Ferrari Market' started by Smiles, Nov 12, 2008.

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  1. Smiles

    Smiles F1 World Champ
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    #1 Smiles, Nov 12, 2008
    The RM Auction brief is interesting:

    "Building on the success of the 2008 auction which saw roughly $30,000,000 in sales and a 95% sales rate, this year's auction will be even more impressive. With space limited to only 100 outstanding motor cars please contact one of our motor car specialists immediately for consideration of your collector car."

    A nice 275 GTB is registered (s/n 10045), along with a number of other fairly interesting cars.

    Will this be no reserve? Are any other good cars going to be auctioned in January? Could it be a time to sell?

    I appreciate opinions,

    Matt
     
  2. judge4re

    judge4re F1 World Champ

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    #2 judge4re, Nov 12, 2008
    Ask again after the Gstaad sale...
     
  3. sranderson

    sranderson Formula Junior

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    #3 sranderson, Nov 12, 2008
    Last edited: Nov 12, 2008
    I don't think it will be a "no reserve", far too risky. On one hand, the temptation to sell before the potential change of gains. On the other hand, where (or when) will we see the bottom? Cash is King.

    Too deep of a topic for someone with slow typing skills (me).
     
  4. Vintage V12

    Vintage V12 Formula 3

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    #4 Vintage V12, Nov 12, 2008
    Last edited by a moderator: Nov 12, 2008
    The market is in the toilet. No buyers. Who would want to buy anything in this economy? The world is on hold.
     
  5. dretceterini

    dretceterini F1 Veteran

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    #5 dretceterini, Nov 12, 2008
    Depends what is up for sale. Important cars with no questions will always sell for big bucks...
     
  6. Marcel Massini

    Marcel Massini Two Time F1 World Champ
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    #6 Marcel Massini, Nov 12, 2008
    10045 is a 275 GTB/4, not a 275 GTB.
    Marcel Massini
     
  7. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ
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    #7 Arvin Grajau, Nov 13, 2008
    market is in a bad way.
    Only good thing that will come out of it,will be less car brokers in business.
     
  8. MiamiViceFerrari

    MiamiViceFerrari Rookie
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    #8 MiamiViceFerrari, Nov 13, 2008
    There will be some AMAZING deals this year! It's a buyers market!
     
  9. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ
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    #9 Arvin Grajau, Nov 13, 2008
    sure is.
     
  10. Tenney

    Tenney F1 Rookie
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    #10 Tenney, Nov 13, 2008
  11. ferrarip4

    ferrarip4 Formula 3

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    #11 ferrarip4, Nov 13, 2008
    IMO, if you are a seller and has the means to hold on to your car for a few years, I would hold. The market is shifting briskly shifting to a buyers' market. Those who want to make huge profits (when prices reached their peak a few months ago) are in for a rude awakening.

    I don't think that the world economy will recover before the next 2 years and therefore prices will still go down for a little while before stabilizing or even increase...
     
  12. fenzoman

    fenzoman Karting
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    #12 fenzoman, Nov 13, 2008
    Here's what will happen

    -RM will be much more choosy about selected cars than in recent years

    -RM will insist on aggressive pricing

    -A couple of extremely special examples will be well sold

    -Everything else will be bottom of ranges that sells

    -half will not sell

    -RM will issue a press release declaring the auction a big success
     
  13. Prancing 12

    Prancing 12 F1 Rookie
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    #13 Prancing 12, Nov 13, 2008
    Last edited: Nov 13, 2008
    RM already released that they are only accepting 100 lots. I would wager that they will be careful enough in their selection criteria (read: reserve prices) that they will sell a usually acceptable percentage.
     
  14. open roads

    open roads F1 Rookie

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    #14 open roads, Nov 14, 2008
    No. Just a steady downward movement. RM will be OK. Others? Depends.
     
  15. Smiles

    Smiles F1 World Champ
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    #15 Smiles, Nov 14, 2008
    Thank you for the correction, Marcel.

    Gooding is offering cars from the vanKregten (sp?) estate, including a 250 SWB Spider California (s/n unknown to me) at no reserve. There is also a Pinifarina II convertible without reserve. Scottsdale, AZ, January 17.
     

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