Rainy weather didn’t appear to dampen bidders Friday at the Arizona collector car auctions, where the total so far — $187.1 million in sales — represents a 17 percent boost compared with results through Friday a year ago.
A Maserati Ghibli Spyder led Mecum’s auction of just under 2,000 collector vehicles during the mammoth sale last week in Kissimmee, Florida, considered to be the biggest annual collector car auction in the world. With nearly 2,700 vehicles offered, the auction boasted a 75 percent sell-through rate and a total of $86 million in sales, not including auction fees.
The Road Art auction that accompanied the collector car sale had a 93 percent sell-though, with 1,260 pieces of automobilia, parts and collectables sold for a total of $2.5 million, not including fees.
Additionally, ticket sales were up 20 percent compared with last year, the auction house reported, and a record number of page views during the 10-day event were garnered on its website.
But the overall results were down from last year’s. Sales totaled nearly $95 million with the buyer fees added, compared with the year-ago record number of more than $100 million with fees added. The 2016 auction was boosted by million-dollar-plus results for two Hemi-powered Plymouth ‘Cuda convertibles and a Dodge Challenger Hemi convertible, which added about $6.6 million to the bottom line.
This year, there were no seven-figure cars. The top-selling 1969 Maserati Ghibli 4.9 Spyder hammered at $920,000. The bright-yellow Maserati was followed by a 1967 Chevy Corvette 427 convertible, the only-known 435-horsepower Vette originally painted black with a blue interior, that went for $775,000. All reported Mecum results are hammer prices without buyer fees.
A modern supercar, a 2005 Porsche Carrera GT, reached third-highest at $625,000, while a famed 1963 Chevrolet Impala Z11 race car with the nickname “Old Reliable IV” went for $525,000. A specially equipped 1957 Chevrolet Corvette “Big Brake Airbox” was hammered at $450,000.
The top-10 sales for Mecum’s annual Florida auction were:
1. 1969 Maserati Ghibli 4.9 Spyder at $920,000
2. 1967 Chevrolet Corvette convertible at $775,000
3. 2005 Porsche Carrera GT at $625,000
4. 1963 Chevrolet Impala Z11 “Old Reliable IV” at $525,000
5. 1957 Chevrolet Corvette Big Brake Airbox at $450,000
6. 1963 Pontiac Catalina Swiss Cheese at $430,000
7. 1980 BMW M1 at $400,000
8. 1963 Chevrolet Impala Z11 at $340,000
9. 2006 Ford GT Heritage Edition at $327,500
10. 1963 Chevrolet Corvette split-window coupe at $300,000
(All Mecum sales results are hammer prices without auction fees)
Mecum’s next sale is its inaugural Los Angeles Auction, held February 17-18 at the Fairplex in Pomona, California. For information, visit the Mecum website.
Passion rules the collector car hobby, but it’s always good to ride an upward trend and sell your automotive pride and joy for a profit.
That was the overarching message delivered Friday morning during a seminar of collector car industry experts entitled “Revving up Your Investments with Collector Cars,” presented by Coker Tire at the Russo and Steele collector car auction in Scottsdale, Arizona. Continue reading
The cars are cool but what I really like best about Russo and Steele’s Scottsdale auction this year is the new venue. After several years in what otherwise was a rough, open field near the intersection of Scottsdale Road and the Loop 101 freeway, the auction this year has moved to its new home, the northwest corner of Salt River Fields at Talking Stick. Continue reading
Shelby American unveiled its 2017 Super Snake Mustang at the Ford Performance exhibit within Barrett-Jackson’s Scottsdale Auction to celebrate the 50th anniversary of one of Carroll Shelby’s iconic car. Continue reading
With action at five venues, Thursday was the first full day of auctions during Arizona Car Week 2017 and, notably, overall totals were 30 percent above 2016 figures through the same point in the week, according to Hagerty, the insurance and value-tracking company that staffs each of the Arizona sales. Continue reading
‘You don’t usually see these kinds of muscle cars here.”
That was the comment from a passerby at RM Sotheby’s auction as she walked by a group of vintage Mopar performance machines at the Arizona Biltmore Resort in Phoenix, where the sale is being held.
Big pre-war classics and high-end sports cars are what come to mind at RM Sotheby’s, although the Arizona auction generally features a fairly wide range of collector cars. Still, a solid contingent of mighty 1960s muscle cars is somewhat unexpected in such polite society. Those more likely are found headlining the boisterous Barrett-Jackson or Russo and Steele auctions, both of which specialize in American ground pounders. Continue reading
With 600 cars on its docket, Silver Auctions celebrates its 20th anniversary with its annual Arizona Car Week sale at Fort McDowell.
Paolo Stanzani, a mechanical engineer and one of the fathers of the Lamborghini Miura, died Wednesday at the age of 81.
With Giampaolo Dallara and designer Marcello Gandini, Stanzani created not only the revolutionary Miura in 1966 but subsequent Lamborghini vehicles, including the Countach. Continue reading
Worldwide Auctioneers made its debut Wednesday night at Arizona Car Week with a well-attended — standing-room-only — sales room and a nicely loaded 82-car docket that was so well received that two cars each sold for a million dollars or more.
The million-dollar cars were a 1967 Chevrolet Corvette L-88 roadster and a 1955 Lancia Aurelia GT B24S Spider America. Continue reading