Reconnecting with the past, behind the wheel of a special Alfa Romeo.
For the 11th year running, RM Auctions will hold its annual Automobiles of Arizona auction on the 21st and 22nd of January. For the first time, this year’s event will be spread over two days, with the first day being devoted wholly to British cars. The event kicks off the year for RM Auctions, and will certainly serve as an interesting barometer for the state of the market in the year to come.
In the midst of a global recession, the Bonhams auction at Retromobile last Saturday provided evidence that the market is still strong for prestigious classic cars at the right price. The total of €11.25 million was up on last year’s result, and more than 70% of the lots found buyers. However, there were a number of cars in the upper price estimates which didn’t achieve their reserve, indicating that there is possibly just a bit of caution amongst buyers at the moment.