Sotheby's

RM Sotheby’s Auction Sells 2020 Porsche 935 for $1.49 Million, VW Golf for $105000 – Automobile

The latest RM Sotheby’s auction of collector cars just concluded, and the event was the auction house’s most successful online-only sale yet. This RM Sotheby’s auction was the third of this type the company has run, with $21.6 million in sales and an impressive 91-percent sell-through rate, meaning nine in 10 automobiles up for auction were sold.

Part of the success seen by this RM Sotheby’s auction—dubbed RM’s Online Only: The European Sale—was thanks to the Petitjean Collection, a grouping of nearly 100 collector cars from a single owner, all at no reserve. Most of the inventory was originally set to be auctioned in-person live from the Essen Technoclassica annual classic car show, as usual, until COVID-19 precautions moved the event online. As the RM Sotheby’s auction name suggests, all of the cars offered for sale were based in Europe, with bidding in euros and converted to U.S. dollars for this article. Here are eight results from the latest RM Sotheby’s auction that caught our attention.

2020 Porsche 935 Martini, Sold: $1,490,148

Created to help celebrate Porsche’s 70th anniversary and inspired by the fabled 935 race-car program of the 1970s and early ’80s, the 2020 Porsche 935 is essentially a heavily modified 911 GT2 RS street car, but those modifications-including wide bodywork, a stripped-down race-style interior, and a massive rear wing—render it illegal for road use practically everywhere. With a base price of
Source…