Record Prices Expected at This Week's 2013 RM Auctions/Sotheby's NY Gala
The art world is in a frenzy. From Gurlitt to Rothko to Warhol, checks are being cut in denominations so large they might need an official escort.
This certainly extends to cars. Beautiful dry weather brought out the big spenders all spring an summer. Even versus a three-pack of masters, the $50-million-plus recent Ferrari total is unbelievably huge.
It is particularly interesting that such a sale was so public, in some regards.
Typically, buyers in that type of market are not browsing the night of the auction. Closed-doors deals are generally "okay" to ask for when spending that type of loot anyway.
So the public sale of a vehicle - any vehicle - at that total indicates a flush and frenzied market. And for good reason. Cars are fabulous, and owning a great one can land you some fabulous invitations to Lake Cuomo-or-better shows all year round.
A public sale like this also means other cars we all know any love are changing hands at perhaps a 10:1 ratio. The ten being private, for every one sold in public.
Big dollars, big cars, big dreams.
If you are in Manhattan the 21st of November, perhaps now is the time to see who you "know" at Sotheby's or RM Auctions!
Enjoy this photo showcase, with all image credits to RM Auctions. Do not miss the Symposium! Please click here to register.
1964 Ferrari 250 LM by Carrozzeria Scaglietti
RM Auctions and Sotheby's Present: The Art of the Automobile
Location Sotheby's New York , 1334 York Avenue, New York, New York 10021 United States
Admission: Please note, the auction is for registered bidders only and is a ticketed event. Admission to the exhibition is open to the general public.
Thursday, November 21, 2013 ,2:00 pm EST
Monday, November 18, 2013, 10:00 am-5:00 pm EST
Tuesday, November 19, 2013, 10:00 am-5:00 pm EST
Wednesday, November 20, 2013, 10:00 am-5:00 pm EST
SYMPOSIUM Tuesday, November 19, 2013, 6:00 pm EST
The automobile is appreciated, analyzed, and enjoyed as veritable artwork with insight from the expert panelists including:
Leslie Keno, Senior International Specialist, Sotheby's.
Sam Mann, car collector and four-time Best of Show winner at Pebble Beach
Miles Collier, car collector, artist, and noted authority on collector cars
Peter Mullin, founder of Mullin Automotive Museum, Chairman of Petersen Museum
Moray Callum, Executive Director of Americas Design at Ford Motor Company
M. Fuhrman, pre-eminent automotive photographer
PREVIEW RECEPTION Tuesday, November 19, 2013, 7:00 pm EST
Cocktail party to follow Symposium, where guests are invited to preview the automobiles on offer.
Admission to both the Symposium and Reception are for registered bidders, consignors and qualified media only. Please click here to register.
Sale Produced By RM Auctions, in association with Sotheby’s
Guest Services - Hotels
Representatives from Reliable Carriers will be onsite to assist clients wishing to transport an automobile purchased at auction. For further information, please contact:
1 877 744 7889
Our official insurance partner is Hagerty, the global leader in classic car insurance. Hagerty representatives will be available onsite. For further information, please contact:
1 877 922 9701