Thu. May 9th, 2024

RM Sotheby’s First-Ever Dubai Auction Declared A Success

By Steven Symes Mar13,2024 #Auction #News
Image via RM Sotheby’s
RM Sotheby’s
Image via RM Sotheby’s

There’s little doubt Dubai is a mover and shaker in the global community, including when it comes to car collecting. Recognizing the untapped potential, auction house RM Sotheby’s held its first-ever event in the United Arab Emirates city over the weekend, with sales surpassing $10,000,000.

Antique Mercedes-Simplex auctions for a lofty price.

Three rare hypercars were responsible for the lions share of that total. One was a 2016 Koenigsegg Agera RSR, one of only made in the world, which auctioned for $3,380,000. That result was at the upper limit of the range RM Sotheby’s estimated for the top bid.

Image via RM Sotheby’s
Image via RM Sotheby’s

Also bringing in a monstrous high bid, which was entirely expected, was the 2009 Mercedes-Benz SLR McLaren Stirling Moss. A dramatic hypercar providing a true open-air driving experience, with a mere 75 examples made, bidding drove the final price to $3,211,250. That was almost exactly in the middle of the high bid range estimated by RM Sotheby’s.

Image via RM Sotheby’s
Image via RM Sotheby’s

The third hypercar to drive big numbers was a 2023 Aston Martin Valkyrie which captured $3,070,625 while on the block. About as close as a road-legal car can get to an F1 racecar, many want to get behind the wheel of one. That amount was also within the auction house’s estimated range for the top bid.

Image via RM Sotheby’s
Image via RM Sotheby’s

Also impressive was the sale of a 2017 Lamborghini Centenario LP770-4 Coupe for $2,142,500. With only 20 of these special vehicles created to celebrate Ferrucio Lamborghini’s centenary year and a mere 112 km on the odometer, it more than qualifies as a modern collectable.

With such a tremendous response to the inaugural event, we would expect a Dubai auction to become a staple for RM Sotheby’s in the future.

Images via RM Sotheby’s

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4 thoughts on “RM Sotheby’s First-Ever Dubai Auction Declared A Success”
  1. […] Dubai Police have long been synonymous with luxury, patrolling the city in some of the world’s most extravagant supercars. Their latest acquisition, the Mansory P720 based on the Mercedes-AMG G 63, reaffirms this status, blending high-end performance with the opulence Dubai is known for. Unveiled at the World Police Summit at the Dubai World Trade Center, the P720’s introduction was a notable event attended by local law enforcement dignitaries and the founder of Mansory. […]

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