Many car auctions offer a blend of different types of cars, from what type of vehicle classification, what carmaker they are from and even varying price expectations. Speculation on what will be the next car to put money towards is time consuming. Many auctions devote space and time to memorabilia or other distractions to the main investment event. One of the most prestigious concours events for over 20 years RM Sotheby’s has been the official auction house to the luxury car event.
This March 5th RM Sotheby’s Auction should please any high-end collector. In fact, there are a dozen cars with mid-points of their estimates now above the $1,000,000.00 level.
Collectors Dashboard evaluates high-end collectibles as an alternative asset class. This means collectibles are attracting the same capital that could have been invested into stocks or bonds. Many collector cars and trophy cars now cost hundreds of thousands or even millions of dollars. If that isn’t considered “capital” that would have otherwise been invested, then nothing else will either.
Lot 161 is a car that most people will never even get to see once in a lifetime. This is the 1934 Packard Twelve Individual Custom Convertible Victoria by Dietrich. The car comes with an auction estimate of $3,750,000 to $4,500,000 (USD). Let’s hope the new owner doesn’t leave this car in a tight parking lot to run into the store. Image below is a formatted image from RM Sotheby’s.
We will be following up with the results (and more images) once the auction is complete. Here are the remaining top cars each with million-dollar potential that Sotheby’s has assembled for this legendary display of capital:
- Lot 165: Ferrari LaFerrari with an estimate of $3,600,000 to $4,000,000 USD.
- Lot 133: Bugatti Chiron Sport with an estimate of $3,000,000 to $3,300,000 USD.
- Lot 143: McLaren Speedtail with an estimate of $2,600,000 to $3,000,000 USD.
- Lot 129: Bugatti EB110 GT Prototype with an estimate of $2,000,000 to $2,500,000 USD.
- Lot 154: Duesenberg Model J Convertible Sedan with an estimate of $2,000,000 to $2,400,000 USD.
- Lot 135: 1965 Ferrari 275 GTS with an estimate of $1,600,000 to $2,000,000 USD.
- Lot 159: 1955 Mercedes-Benz 300 SL Gullwing with an estimate of $1,500,000 to $1,650,000 USD.
- Lot 145: 1962 Mercedes-Benz 300 SL Roadster with an estimate of $1,400,000 to $1,700,000 USD.
- Lot 147: 1964 Shelby 289 Cobra with an estimate of $1,100,000 to $1,300,000 USD.
- Lot 175: 1953 Cunningham C-3 Cabriolet with an estimate of $900,000 to $1,200,000 USD.
- Lot 169: 1994 Porsche 911 Turbo S ‘Package’ with an estimate of $900,000 to $1,200,000 USD.
Categories: Cars & Auto