High-End Auctions: Dubai Establishes Itself as a Global Hub for Luxury Car and Watch Sales
Dubai’s emergence as a center for high-end auctions was cemented with the success of RM Sotheby’s inaugural sale in the emirate that netted over $17 million for rare cars and watches.
With three supercars fetching more than $10 million each, the results highlight the depth of wealth and demand among clients in the Middle East region.
It is noteworthy that all three of the $10 million+ cars were relatively new examples, suggesting the seeker was acquiring both an exclusive driving experience and a long-term store of value.