Hagerty, the classic car insurance and price-tracking company that supplies our daily Arizona Auction Week sales figures, notes that it has an eye on how the market has shifted in comparison with the same sales a year ago. Today, it looks at sales of the Porsche 911 and Jaguar E-type.
A 911 is up for bidding“With 911s, older cars including S models and Turbos are selling for less than they did a year ago in Arizona,” Hagerty’s report for Saturday notes. “Meanwhile, 1985-89 Carrera 3.2 coupes and 993s are performing better than a year ago.
“A similar phenomenon is occurring for Jaguar E-types. Seventy percent of Flat Floor roadsters at auction in 2015 were bid to amounts above the $235K that Gooding’s example achieved. Other Series I cars are off their pace of a year ago too. Series III cars, on the other hand, are selling for higher amounts than 2015.”
Hagerty has personnel monitoring each of the auction venues and reports prices that include the buyers’ premium fees.
Overall so far this month in Arizona, total sales have been $160.2 million, more than $27 million less than a year ago. However, 2015 figures included the massive sale at Barrett-Jackson of Ron Pratte’s huge car collection.
Note also that the $9.9 million sale Friday at RM Sotheby’s of a 1937 Mercedes-Benz 540K Special Roadster was the most ever paid at an Arizona auction for any classic car.
Arizona Auction Week overall through Friday
Cumulative total: $160.2 million
1,775/2,102 lots sold: 84 percent sell-through rate
Average sale price: $90,280
2015 Cumulative results through Friday
Cumulative total: $187.6 million
1,777/2,014 lots sold: 88 percent sell-through rate
Average sale price: $105,557
Overall top 10 sales from all auctions through Friday
1. 1937 Mercedes-Benz 540K Special Roadster $9,900,000 (RM Sotheby’s)
2. 1950 Ferrari 166 MM/195 S Berlinetta Le Mans $6,490,000 (Gooding & Company)
3. 1929 Duesenberg Model J Disappearing Top Torpedo Convertible $3,000,000 (RM Sotheby’s)
4. 1929 Duesenberg Model J Dual Cowl Phaeton $2,420,000 (Gooding & Company)
5. 1965 Shelby Cobra 427 Competition Roadster $2,255,000 (RM Sotheby’s)
6. 1965 Ferrari 275 GTB Coupe $2,117,500 (RM Sotheby’s)
7. 2015 McLaren P1 Coupe $2,090,000 (Bonhams)
8. 1972 Lamborghini Miura P400 SV Coupe $2,000,000 (RM Sotheby’s)
9. 1965 Ferrari 275 GTS Spider $1,760,000 (RM Sotheby’s)
10. 1960 Ferrari 250 SII Cabriolet $1,650,000 (RM Sotheby’s)
Results by auction company
BARRETT-JACKSON
Cumulative total through Friday: $52.4 million
1,061/1,061 lots sold: 100 percent sell-through rate
Average sale price: $49,802
Overall Top 10 Sales:
1. 2017 Acura NSX Targa $1,200,000*
2. 2016 Chevrolet Camaro COPO Coupe $300,000*
3. 1957 Ford Thunderbird 312/271 Convertible $286,000
4. 1954 Chevrolet Corvette Roadster $220,000
5. 1970 Chevrolet Chevelle SS 454 LS6 Sport Coupe $209,000
6. 1960 Chevrolet Corvette Custom Convertible $209,000
7. 1971 Oldsmobile 4-4-2 Convertible $203,500
8. 2000 Ford F-150 Harley-Davidson Pickup $200,000*
9. 1959 Mercedes-Benz 190SL Convertible $192,500
10. 1944 Dodge Power Wagon Custom Pickup $187,000
10. 1962 Dodge M37B1 Power Wagon Custom Pickup $187,000
10. 1979 Pontiac Firebird Trans Am Bandit Edition Coupe $187,000
* Charity car
Friday total: $24.3 million
303/303 lots sold: 100percent sell through rate
Average sale price: $80,144
Top 10 Friday sales:
1. 2017 Acura NSX Targa $1,200,000*
2. 2016 Chevrolet Camaro COPO Coupe $300,000*
3. 1957 Ford Thunderbird 312/271 Convertible $286,000
4. 1954 Chevrolet Corvette Roadster $220,000
5. 1970 Chevrolet Chevelle SS 454 Sport Coupe $209,000
6. 1960 Chevrolet Corvette Convertible $209,000
7. 1971 Oldsmobile 4-4-2 Convertible $203,500
8. 2000 Ford F-150 Harley-Davidson Pickup $200,000
9. 1959 Mercedes-Benz 190SL Convertible $192,500
10. 1944 Dodge Power Wagon Custom Pickup $187,000
* Charity car
2015 results through Friday
Cumulative total: $69.0M
1,200/1,200 lots sold: 100percent sell-through rate
Average sale price: $57,505
BONHAMS (auction was held Thursday)
Thursday total: $17.5 million
92/112 lots sold: 82 percent sell-through rate
Average sale price: $190,198
Top 10 sales:
1. 2015 McLaren P1 Coupe $2,090,000
2. 1962 Mercedes-Benz 300SL Roadster $1,485,000
3. 1971 Ferrari 365 GTB/4 Daytona Coupe $1,155,000
4. 1928 Mercedes-Benz 630K La Baule Transformable $973,500
5. 1935 Hispano Suiza K6 Cabriolet $869,000
6. 1964 Aston Martin DB5 Saloon $781,000
7. 1962 Porsche Carrera 2 GS Coupe $627,000
8. 1973 Porsche 911 Carrera RS 2.7 Coupe $550,000
9. 1955 Aston Martin DB2/4 Mk II Drop Head Coupe $396,000
10. 1973 BMW 3.0CSL Batmobile Coupe $341,000
2015 Results
Total: $24.3 million
71/84 lots sold: 85 percent
Average Sale Price: $342,356
GOODING & COMPANY (auction began Friday)
Friday total: $20.4 million
47/57 lots sold: 82 percent sell-through rate
Average sale price: $434,494
Overall top 10 Sales:
1. 1950 Ferrari 166 MM/195 S Berlinetta Le Mans Berlinetta $6,490,000
2. 1929 Duesenberg Model J Disappearing Top Torpedo Dual Cowl Phaeton $2,420,000
3. 1948 Alfa Romeo 6C 2500 Super Sport Cabriolet $1,012,000
4. 1955 Alfa Romeo 1900C SS Coupe Speciale $990,000
5. 2005 Porsche Carrera GT Coupe $980,000
6. 1957 Mercedes-Benz 300SL Roadster $792,000
7. 1956 Mercedes-Benz 300C Station Wagon $489,500
8. 1997 Porsche 911 Turbo S Coupe $484,000
9. 1952 Allard J2X Roadster $451,000
10. 2008 Mercedes-Benz SLR McLaren Convertible $396,000
2015 results through Friday
Total: $25.3 million
56/64 lots sold: 88 percent
Average sale price: $452,071
RM SOTHBY’S
Cumulative total through Friday: $58.9 million
120/150 lots sold: 80 percent sell-through rate
Average sale price: $491,098
Overall top 10 Sales:
1. 1937 Mercedes-Benz 540K Special Roadster $9,900,000
2. 1929 Duesenberg Model J Disappearing Top Torpedo Convertible $3,000,000
3. 1965 Shelby Cobra 427 Competition Roadster $2,255,000
4. 1965 Ferrari 275 GTB Coupe $2,117,500
5. 1972 Lamborghini Miura P400 SV Coupe $2,000,000
6. 1965 Ferrari 275 GTS Spider $1,760,000
7. 1960 Ferrari 250 SII Cabriolet $1,650,000
8. 2015 Porsche 918 Weissach Spyder $1,595,000
9. 1962 Maserati 5000GT Allemano Coupe $1,540,000
10. 1953 Cadillac Series 62 Coupe $1,430,000
Friday total: $31.0 million
56/74 lots sold: 76 percent sell-through rate
Average sale price: $554,321
Top 10 Friday sales:
1. 1937 Mercedes-Benz 540K Special Roadster $9,900,000
2. 1965 Ferrari 275 GTS Spider $1,760,000
3. 1953 Cadillac Series 62 Coupe $1,430,000
4. 1939 Jaguar SS100 2.5 Roadster $1,402,500
5. 1958 Mercedes-Benz 300SL Roadster $1,265,000
6. 1952 Cunningham C3 Vignale Coupe $1,210,000
7. 1953 Ferrari 212 Inter Coupe $1,100,000
8. 1964 Shelby Cobra 289 R&P Roadster $1,072,500
9. 1911 Lozier Model 51 Seven-Passenger Touring $990,000
10. 1963 Shelby Cobra 289 Dragon Snake Roadster $990,000
2015 results through Friday
Total: $59.8 million
104/123 lots sold: 86 percent sell-through rate
Average sale price: $574,863
RUSSO AND STEELE
Cumulative total through Friday: $8.7 million
284/410 lots sold: 69 percent sell-through rate
Average sale price: $30,480
Overall Top 10 sales:
1. 1970 Plymouth Superbird 440/375 Hardtop Coupe $143,000
2. 1935 Chevrolet Standard Custom Coupe $107,250
3. 1955 Chevrolet LCF Custom Pickup $105,600
4. 1962 Austin-Healey 3000 Mk II BT7 Roadster $97,900
5. 1966 Sunbeam Tiger Mk IA Convertible $88,000
6. 1993 Porsche 911 Carrera 2 Coupe $85,800
7. 2008 Bentley Continental GTC Convertible Coupe $82,500
8. 2015 Dodge Challenger SRT Hellcat Coupe $77,000
8. 1986 Porsche 911 Turbo 930 Coupe $77,000
8. 1971 Plymouth Barracuda Hardtop Coupe $77,000
8. 1961 Volkswagen Transporter Samba Microbus, 23-Window $77,000
Friday total: $5.4 million
132/195 lots sold: 68 percent sell-through rate
Average sale price: $40,602
Top 10 Friday Sales:
1. 1970 Plymouth Superbird 440/375 Hardtop Coupe $143,000
2. 1935 Chevrolet Standard Custom Coupe $107,250
3. 1955 Chevrolet LCF Custom Pickup $105,600
4. 1962 Austin-Healey 3000 Mk II BT7 Roadster $97,900
5. 1966 Sunbeam Tiger Mk IA Convertible $88,000
6. 2008 Bentley Continental GTC Convertible Coupe $82,500
7. 2015 Dodge Challenger SRT Hellcat Coupe $77,000
8. 1986 Porsche 911 Turbo 930 Coupe $77,000
9. 1971 Plymouth Barracuda Custom Hardtop Coupe $77,000
10. 1961 Volkswagen Transporter Samba Microbus, 23-Window $77,000
2015 results through Friday
Cumulative $7.6 million
238/379 lots sold: 64 percent sell-through rate
Average sale price: $32,109
SILVER AUCTIONS
Cumulative total through Friday: $1.9 million
171/312 lots sold: 55 percent sell-through rate
Average sale price: $10,937
Overall top 10 sales:
1. 1940 Mercury Hot Rod Coupe $63,180
2. 1958 Chevrolet Series 3100 1Ž2 Ton Cameo Pickup $50,760
3. 1940 Cadillac Series 62 Convertible Sedan $44,280
4. 1960 Chevrolet Impala Hardtop Coupe $41,040
5. 1959 Chevrolet Impala Hardtop Coupe $40,500
6. 2013 Chevrolet Corvette Grand Sport Coupe $40,500
7. 1965 Ford Mustang Convertible $37,260
8. 1956 Ford Thunderbird Convertible $35,640
9. 1958 Ford Fairlane 500 Sunliner Retractable Hardtop $33,750
10. 1956 Chevrolet Bel Air Sport Coupe $33,480
Friday total: $1.2 million
94/181 lots sold: 52percent sell-through rate
Average sale price: $12,897
Top 10 Friday sales:
1. 1940 Mercury Hot Rod Coupe $63,180
2. 1958 Chevrolet Series 3100 1Ž2 Ton Cameo Pickup $50,760
3. 1960 Chevrolet Impala Hardtop $41,040
4. 1959 Chevrolet Impala Hardtop Coupe $40,500
5. 1965 Ford Mustang Convertible $37,260
6. 1958 Ford Fairlane 500 Sunliner Retractable Hardtop Convertible $33,750
7. 2004 Porsche 911 Targa $32,400
8. 2002 Mercedes-Benz G500 Wagon $30,000
9. 1965 Chevrolet Corvette Corvette $29,250
10. 1961 Chevrolet Impala Hardtop $25,920
2015 Results through Friday
Total: $1.5 million
108/164 lots sold: 66 percent sell-through rate
Average sale price: $14,047
