An analysis of the results at the 2019 RM Sotheby’s London sale
Brexit uncertainty did not stop their being a large turnout for the preview of the 2019 RM Sotheby’s London sale at Olympia on Thursday night.
The sale itself on Friday evening included 98 lots and despite the fact that 27 (28%) did not sell, the majority sold at or around their lower reserves. Of the six cars in the star £1 million plus range ($1.3 million, €1.2 million or درهم4.7 million), however, only one sold, but this lot – a ‘barn find’ 1969 Lamborghini Miura P400 S – did achieve significantly much more than its £800,000 to £1 million ($1 million to $1.3 million, €926,000 to €1.2 million or درهم3.8 million to درهم4.7 million) estimate and went for £1.248 million ($1.600 million, €1.445 million or درهم5.879 million).
Another achiever was something much smaller, a 1985 Porsche 936. Offered without reserve an estimate of just £4,000 to £8,000 ($5,100 to $10,200, €4,600 to €9,300 or درهم18,800 to درهم37,700), this ultimate 1:2 scale children’s car with the livery of Jacky Ickx and Derek Bell’s 24 Hours of Le Mans 1981 winner went for a staggering £13,800 ($17,700, €16,000 or درهم65,000).
Other notable lots included a 1984 Daimler Double Six long-wheelbase saloon that was supplied new for the personal use of Her Majesty The Queen. Featuring a full-length rear cushion specially made for the comfort of three corgis, the car also includes a blue convoy light and special flashing fog lights for security, the vehicle smashed its lower reserve of £50,000 ($64,000, €58,000 or درهم236,000) and went for £80,500 ($103,000, €93,000 or درهم379,000).
A 1943 White M16 MGMC Half-Track that one could imagine a megalomaniac cruising country lanes in imaging themselves as a dictator, however, did not come close to its upper estimate of £120,000 ($154,000, €139,000 or درهم565,000). It sold for just £37,375 ($47,941, €43,266 or درهم176,000) whilst a 1948 Packard Super Eight Convertible Victoria (estimate: £60,000 to £80,000, $77,000 to $103,000, €69,000 to €93,000 or درهم283,000 to درهم377,000) that was used as the official car of the South African Prime Minister Jan Smuts remains for sale.