Auction Toffen: Good results in the crisis

DONE Despite bidders on site, the auction of the Oldtimer Gallery was not quite normal. Reinhard Schmidlin and his team did not know before the start of the auction whether everything could go as planned because of the crisis. The number of visitors had been limited to 275 people, which ensured the necessary physical distance between the participants. There [...]

Auction
At 1.075 million francs for the 1968 Lamborghini Miura P400, the bidding war stopped.

The number of visitors was limited to 275 people, which ensured the necessary physical distance between the participants. Masks were worn and there was no outdoor restaurant.

This led to the fact that mainly those people were on site who really cared about the auction or the offered vehicles, while observers without purchase intentions rather stayed at home. These were again offered a well-functioning live stream.

Bids also via two Internet platforms
Bids could be submitted via two Internet platforms, by telephone call or in writing. And of course on site, if you were one of the 200 or so accredited bidders on site.

The atmosphere was almost familiar, one felt among like-minded people. There was a lot of smiling and laughing, which was also ensured by the auctioneer with his relaxed sayings. You can see some impressions in the gallery.

Strong influence from online bidding channels
Internet bids played a major role in almost every lot, with around 40 percent of the highest bids even coming in via the two Internet platforms.

This meant that the interested parties sitting at home even beat the on-site bidders, although there was more or less a stalemate in the successful sales. The written pre-bids also had a major influence on the outcome of the auction this time - they were clearly more important than the telephone bidders.

Because the live stream with short videos of the respective vehicle (AutoSprintCH reported) could be delayed by a few seconds compared to the on-site situation, the auctioneer always had to take short breaks to give all interested parties the same chance.

Total value of almost 6.9 million francs
In addition to some automobilia, 105 automobiles, twelve motorcycles or mopeds, two bicycles and even a truck went under the hammer during the auction, which lasted a good five hours.

The total value of the automobiles and motorcycles was around 6.9 million Swiss francs. Almost 20 percent of the vehicle lots, which were on average 46 years old, came to auction without a minimum bid.

Short bidding war for Lamborghini Miura
The highlight of the auction was the Lamborghini Miura P400 from 1968 in Blu Miura. The car, which had long been considered lost, resurfaced a few years ago and received a new paint job in the original color. The interior is original preserved according to the mileage of just over 30 000 kilometers, the super sports car simply a dream.

The estimated value of 1.45 to 1.65 million francs was accordingly high. Internet bidders came forward with one million, a hall bidder followed suit, but the bidding war stopped again at 1.075 million francs. However, there will probably be no lack of interested parties behind the scenes.

Sales generated almost 1.7 million francs
In total, the 61 vehicles sold generated sales of almost 1.7 million Swiss francs. A further 400,000 to 800,000 should be added to this after renegotiations for the 35 cars awarded under reserve.

This means that the event was certainly worthwhile for the team in Toffen. Even if this can hardly compensate for the lost income from the Gstaad and Lucerne auctions.

A successful professional implementation
For the professional execution of the auction in Toffen in two languages and including a live stream, the team around Reinhard Schmidlin can be congratulated in any case. At intergas.com you will find all the results of the auction in detail.

Photos: Mark Siegenthaler, Daniel Reinhard
oldtimergalerie.ch
intergas.com

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