RM Sotheby’s held their first-ever Munich auction recently and it proved to be a very successful offering. This was the second auction RM Sotheby’s held in Germany and it was set in a former railcar repair facility.
The majority of the auction consisted of the Bavarian Legends Collection, a group of 32 cars from BMW that spanned the brand’s pre-war models to cars that just barely quality for collector plates in most states. More than half of them sold for double their low estimates, lending support to the idea of auctioning Bavarian cars in Bavaria.
BMW at Home in Bavaria
The 1980 BMW M1 that was originally delivered to Jochen Neerpasch, head of the M1 project for BMW, sold for a very strong €792,500. A 1975 BMW 3.0 CSL went for a final price of €578,750, more than double the pre-auction estimate.
An extremely low mileage 1997 BMW M3 Evolution, showing 2,752 km, and finished in Dakar Yellow sold for a stunning €286,250 – significantly more than the pre-sale estimate from RM Sotheby’s.
It wouldn’t quite be a complete BMW collection without a 507 on hand and the one offered in Munich – a 1958 BMW 507 Roadster Series II – was certified as a matching-numbers example by BMW, so it was no surprise to see it sell for a very strong €1,917,500.
RM Sotheby’s set a new record for the highest-grossing collector car auction in Germany with total sales of €23,500,610.