What will happen at the RM Auction in January?

The RM Auction brief is interesting:

"Building on the success of the 2008 auction which saw roughly $30,000,000 in sales and a 95% sales rate, this year's auction will be even more impressive. With space limited to only 100 outstanding motor cars please contact one of our motor car specialists immediately for consideration of your collector car."

A nice 275 GTB is registered (s/n 10045), along with a number of other fairly interesting cars.

Will this be no reserve? Are any other good cars going to be auctioned in January? Could it be a time to sell?

I appreciate opinions,

Matt

 

Ask again after the Gstaad sale...

 

I don't think it will be a "no reserve", far too risky. On one hand, the temptation to sell before the potential change of gains. On the other hand, where (or when) will we see the bottom? Cash is King.

Too deep of a topic for someone with slow typing skills (me).

 

The market is in the toilet. No buyers. Who would want to buy anything in this economy? The world is on hold.

 

Depends what is up for sale. Important cars with no questions will always sell for big bucks...

 

10045 is a 275 GTB/4, not a 275 GTB.
Marcel Massini

 

market is in a bad way.
Only good thing that will come out of it,will be less car brokers in business.

 

There will be some AMAZING deals this year! It's a buyers market!

 

sure is.

 

"Just" a 'Vette ... cheap interior ... http://www.rmauctions.com/FeatureCars.cfm?SaleCode=AZ09&CarID=r114

 

IMO, if you are a seller and has the means to hold on to your car for a few years, I would hold. The market is shifting briskly shifting to a buyers' market. Those who want to make huge profits (when prices reached their peak a few months ago) are in for a rude awakening.

I don't think that the world economy will recover before the next 2 years and therefore prices will still go down for a little while before stabilizing or even increase...

 

Here's what will happen

-RM will be much more choosy about selected cars than in recent years

-RM will insist on aggressive pricing

-A couple of extremely special examples will be well sold

-Everything else will be bottom of ranges that sells

-half will not sell

-RM will issue a press release declaring the auction a big success

 

RM already released that they are only accepting 100 lots. I would wager that they will be careful enough in their selection criteria (read: reserve prices) that they will sell a usually acceptable percentage.

 

No. Just a steady downward movement. RM will be OK. Others? Depends.

 

Thank you for the correction, Marcel.

Gooding is offering cars from the vanKregten (sp?) estate, including a 250 SWB Spider California (s/n unknown to me) at no reserve. There is also a Pinifarina II convertible without reserve. Scottsdale, AZ, January 17.