RM Classic Car Auction - Ferrari Values


RM Auctions and Sotheby’s successfully conducted their highly publicized “Art of the Automobile” auction in New York City on Nov. 21, 2013. In a little more than two hours, a room packed with excited bidders watched 31 of 34 vehicles sell for $62.5M. To put this feat in proper context, RM needed two days and 200 cars three years ago to achieve a similar result in Monterey, during a sale that was considered strong by all contemporary accounts. More than half of the cars offered in New York sold in excess of $1M, and 11 cars established new record prices of one stripe or another.

This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2013/11/26/rm-new-york