Auction Recap - RM Sotheby's Monaco 2016


RM Sotheby’s conducted its biennial Monaco auction this past weekend, May 14. In all, 83 of the 114 vehicles offered for sale found new homes (a 73 percent sell-through rate) to the tune of $31.0M. Overall totals were below the company’s previous efforts at the venue dating back to 2010, demonstrating that European buyers are presently being even more cautious than American buyers, particularly at the top end of the classic car market.

This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2016/05/19/auction-recap-rm-monaco-2016