SoJust as all other businesses, the COVID-19 pandemic forces auction houses to reinvent their way of connecting buyers and sellers. Travelling all over the world to visit an auction isn’t obvious in these uncertain times. So an online auction platform seems to be the only way to reach customers that want to bid on the cars. The RM Sotheby’s Open Roads European Summer online only auction had 20 Porsches that came up for auction. Among these cars, some that one could consider collectible. There used to be a time people would fight to lay their hands on a 2016 Porsche 911R. Early Porsche 911s sold for insane prices just a few years ago. Let’s take a deeper look at the results of the RM Sotheby’s Open Roads Europen Summer online only auction.
Times have changed. From the 20 Porsches offered in the auction, only 8 found a new owner. 3 of these 8 reached the lower estimation price. None of the remaining 5 cars was hammered above the estimation. Honestly, we considered the estimations rather conservative. And we guess there are several reasons for that. First of all, you have the economic impact of the pandemic, causing people to be more careful with their money. Second, the impact of the impact of the fact that the auction is online only. Bidders have less emotions while bidding online. So, the bidding experience is way less online than it is when you are in an auction room with a few hundreds of people around you. And third, the possibility to do a pre-purchase inspection is almost gone with an online auction.
The Porsche 911 Speedsters in the RM Sotheby’s Open Roads auction
The Porsches in the RM Sotheby’s online only European Summer Auction
Lot 134 : 2016 Porsche 911R Estimation €275,000 – €325,000 Unsold, highest bid 250,000
Lot 143 : 1975 Porsche 911 Turbo Estimation €275,000 – €325,000 Unsold, highest bid 220,000
Lot 154 : 2011 Porsche 911 GT3 RS 4.0 Estimation €290,000 – €340,000 Unsold, highest bid €270,000
Lot 162 : 2011 Porsche 911 Speedster Estimation €250,000 – €300,000 Unsold, highest bid €240,000
Lot 164 : 1970 Porsche 911 2.0 S Estimation €100,000 – €125,000 Unsold, highest bid €85,000
Lot 166 : 1989 Porsche 911 Speedster Estimation €100,000 – €120,000 Sold for €115,000
Lot 169 : 1960 Porsche 356 B by Reutter Estimation €90,000 – €110,000 Unsold, highest bid €70,000
Lot 223 : 1991 Porsche 911 Carrera 2 Coupe Estimation €50,000 – €70,000 Sold for €58,300
Lot 226 : 1979 Porsche 928 Estimation €40,000 – €60,000 Unsold, highest bid €29,000
Lot 227 : 1988 Porsche 911 Turbo Estimation €140,000 – €180,000 Sold for €143,000
Lot 229 : 2010 Porsche 911 GT2 Estimation €140,000 – €170,000 Unsold, highest bid €110,000
Lot 231 : 1960 Porsche 356 B Super 90 Cabriolet Estimation €110,000 – €140,000 Unsold, highest bid €100,000
Lot 235 : 1979 Porsche 911 Turbo by DP Motorsport Estimation €110,000 – €170,000 Sold for €92,400
Lot 237 : 1954 Porsche 356 A Cabriolet by Reutter Estimation €215,000 – €265,000 Sold for €198,000
Lot 243 : 1973 Porsche 911 S Targa Estimation €100,000 -€150,000 Sold for €99,000
Lot 251 : 2019 Porsche 911 Speedster Estimation €300,000 -€380,000 Sold for €280,000
Lot 258 : 1967 Porsche 911 Coupe Estimation €100,000 – €120,000 Unsold, highest bid €76,000
Lot 259 : 1992 Porsche 911 Carrera RS Estimation €140,000 – €180,000 Unsold, highest bid 120,000
Lot 262 : 1975 Porsche 911 Carrera 2.7 Coupe Estimation €80,000 – €120,000 Unsold, highest bid €65,000
Lot 263 : 1969 Porsche 911 S 2.2 Prototype Estimation €150,000 – €200,000 Sold for 150,000
Pictures courtesy RM Sotheby’s
