Blenheim, Ontario, CANADA — RM Sotheby’s found success in its first catalog sale offered via the company’s time-based Online Only digital platform as 259 cars and 21 lots of memorabilia opened March 20 and closed in a staggered format from March 25-28.
The auction totaled $13.7 million in sales with an overall sell-through rate of 69%. Nearly 900 registered bidders — 23% percent more than the average number at RM Sotheby’s live South Florida auctions over the last four years — participated, originating from 44 countries. More than one-third of those were first-time bidders with the company. See cars still for sale.
Originally scheduled for March 20-21 at Palm Beach International Raceway, RM Sotheby’s transitioned the auction to its Online Only platform less than 10 days prior to the start date due to the global COVID-19 pandemic.