Tag: rm

By on August 19, 2019

1991 Pontiac Trans Sport, Images: RM Auctions, Inc.

Over the weekend at Monterey, RM Sotheby’s executed what will forever remain one of the worst screw-ups in auction history. With a piece of is-it-or-isn’t-it Porsche history on the block, the auctioneer started his patter at what the crowd (and the media screen) thought was thirty million dollars. That same media screen quickly rocketed to seventy mil before said auctioneer clarified he was saying seven-teen not seven-ty. Boos rained down upon the room and bidding predictably evaporated like chloroform. The car failed to sell.

Conspiracy theorists will forever debate what really happened, but our question for you today is this: what’s the biggest error — either in buying or selling — you’ve ever seen at a car auction?

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