Barrett-Jackson, Gooding, RM each exceed $20 million in Friday sales

rmfriday
Photo by Larry Edsall

Editor’s  note: Throughout Arizona Auction Week, we’ll be bringing you daily results as reported to us by Hagerty Insurance, which staffs each of the venues and tracks the sales. These are raw results witnessed by Hagerty and may not include any post-sale transactions. The figures do include the buyer’s premiums.

Friday January 17

Overall from all auction companies

Cumulative Total: $152.2M

1,556/1,808 lots sold: 86% sell-through rate

Average Sale Price:  $97,795

2013 Cumulative Results Through Friday

Cumulative Total: $130.8M |1,490/1,723 lots sold: 86% sell-through rate | Average Sale Price:  $87,780

 Overall Top 10 Sales from all auctions through Friday:

1.       1958 Ferrari 250 GT California LWB Spider sold for $8,800,000 (RM)
2.       1958 Ferrari 250 GT Cabriolet sold for $6,160,000 (Gooding)
3.       1956 Ferrari 410 Super America SI Coupe sold for $3,300,000 (Gooding)
4.       1951 Ferrari 212 Export Coupe sold for $3,190,000 (Bonhams)
5.       1931 Alfa Romeo 6C 1750 Gran Sport Spider sold for $3,080,000 (Bonhams)
6.       1961 Porsche 718 RS 61 Spider sold for $2,750,000 (RM)
7.       1966 Ferrari 275 GTB/6C Coupe sold for $2,640,000 (Bonhams)
8.       1964 Ferrari 250 GT Lusso Coupe sold for $2,447,500 (RM)
9.       1961 Ferrari 250 GT Speciale Coupe sold for $2,365,000 (Gooding)
10.   1930 Duesenberg Model J Murphy Convertible sold for $2,200,000 (RM)

Results by auction company

Barrett-Jackson

Cumulative Total through Friday: $49.1M

979/979 lots sold: 100% sell-through rate

Average Sale Price: $50,168

Overall Top 10 Sales:

1.       2014 Chevrolet Camaro COPO Coupe sold for $700,000*
2.       1956 Ford F-100 Custom Shelby Truck sold for $450,000*
3.       1957 Ford Thunderbird E-Bird Convertible sold for $330,000
4.       1979 Oldsmobile Cutlass Hurst Coupe sold for $270,000*
5.       1955 Ford F-100 Custom Pickup sold for $220,000
6.       2012 Ford F-350 Custom Pickup sold for $200,000*
7.       1962 Chevrolet Corvette Custom Convertible sold for $198,000
8.       2013 Ford Fusion NASCAR Race Car sold for $180,000
9.       1969 Ford Mustang Boss 429 Fastback sold for $176,000
10.   1956 Jaguar XK140 MC Drop Head Coupe sold for $165,000
10.   1960 Cadillac Custom Roadster sold for $165,000

* Sold for charity

Friday total: $22.4M | 288/288 lots sold: 100% sell-through rate | Average Sale Price: $77,872

Top 5 Friday Sales:

1.       2014 Chevrolet Camaro COPO Coupe sold for $700,000*
2.       1956 Ford F-100 Custom Shelby Truck sold for $450,000*
3.       1957 Ford Thunderbird E-Bird Convertible sold for $330,000
4.       1979 Oldsmobile Cutlass Hurst Coupe sold for $270,000*
5.       1962 Chevrolet Corvette Custom Convertible sold for $198,000

2013 Results Through Friday

Cumulative Total: $46.8M | 957/957 sold: 100% | Average Sale Price: $48,869

Bonhams

(One-day auction ended Thursday) total: $23.5M

86/101 lots sold: 85%

Average Sale Price: $272,890

Top 10  Sales:

1.                   1951 Ferrari 212 Export Coupe sold for $3,190,000
2.                   1931 Alfa Romeo 6C 1750 Gran Sport Spider sold for $3,080,000
3.                   1966 Ferrari 275 GTB/6C Coupe sold for $2,640,000
4.                   1936 Mercedes-Benz 500K Sports Phaeton sold for $1,430,000
5.                   1961 Mercedes-Benz 300SL Roadster sold for $1,237,500
6.                   1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,078,000
7.                   1968 Ferrari 330 GTC Coupe sold for $803,000
8.                   1967 Ferrari 330 GTC Coupe sold for $660,000
9.                   1947 Bentley Mk VI Coupe sold for $605,000
10.               1935 Auburn 851 Supercharged Boattail Speedster sold for $467,500

2013 Results:

Total: $13.4M | 91/112 lots sold: 81% sell-through rate | Average Sale Price:  $147,296

Gooding & Company

Friday Total: $25.9M

56/59 lots sold: 95%

Average Sale Price: $461,980

Overall Top 10 Sales:

1.       1958 Ferrari 250 GT Cabriolet sold for $6,160,000
2.       1956 Ferrari 410 Superamerica SI Coupe sold for $3,300,000
3.       1961 Ferrari 250 GT Speciale Coupe sold for $2,365,000
4.       1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,897,500
5.       1959 Mercedes-Benz 300SL Roadster sold for $1,430,000
6.       1985 Ferrari 288 GTO Coupe sold for $1,402,500
7.       1971 Ferrari 365 GTB/4 Daytona Coupe sold for $649,000
8.       1954 Alfa Romeo 1900C SS Coupe sold for $649,000
9.       1937 Hispano-Suiza K6 Coupe sold for $621,500
10.   1956 Mercedes-Benz 300Sc Coupe sold for $550,000
10.   1952 Cunningham C3 Coupe sold for $550,000

2013 Results Through Friday

Total: $28.0M | 48/49 lots sold: 98% sell-through rate  | Average Sale Price: $583,985

RM

Cumulative Total through Friday: $43.5M

106/126 lots sold: 84% sell-through rate

Average Sale Price: $410,207

Overall Top 10 Sales:

1.       1958 Ferrari 250 GT California LWB Spyder sold for $8,800,000
2.       1961 Porsche 718 RS 61 Spyder sold for $2,750,000
3.       1964 Ferrari 250 GT Lusso Coupe sold for $2,447,500
4.       1930 Duesenberg Model J Murphy Convertible sold for $2,200,000
5.       1966 Ferrari 275 GTB Coupe sold for $1,815,000
6.       1966 Ferrari 275 GTS Spyder sold for $1,485,000
7.       1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,292,500
8.       1935 Hispano-Suiza J12 Cabriolet de Ville sold for $1,045,000
9.       1958 Mercedes-Benz 300SL Roadster sold for $1,045,000
10.   1938 Bugatti Type 57 Stelvio Cabriolet sold for $962,500

Friday total: $26.4M |49/59 lots sold: 83% sell-through rate  | Average Sale Price: $537,967

Top 5 Friday Sales:

1.       1958 Ferrari 250 GT California LWB Spyder sold for $8,800,000
2.       1964 Ferrari 250 GT Lusso Coupe sold for $2,447,500
3.       1966 Ferrari 275 GTB Coupe sold for $1,815,000
4.       1966 Ferrari 275 GTS Spyder sold for $1,485,000
5.       1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,292,500

2013 Results Through Friday

Total: $36.4M |75/84 lots sold:89% sell-through rate |Average Sale Price: $485,544

Russo and Steele

Cumulative Total through Friday: $9.1M

257/403 lots sold: 64% sell-through rate

Average Sale Price: $35,518

Overall Top 10 Sales:

1.       2013 Dodge Viper GTS Custom Coupe $236,500*
2.       2009 Volvo VNL670 Custom Semi Truck sold for $165,550
3.       1968 Shelby GT500 KR Convertible sold for $134,750
4.       1964 Chevrolet Corvette Custom Roadster sold for $126,500
5.       1966 International Travelall John Wayne War Wagon sold for $112,200
6.       1968 Shelby GT500 Fastback sold for $110,000
7.       1968 Shelby GT500 KR Convertible sold for $104,500
8.       1969 Shelby GT350H Coupe sold for $101,750
9.       1932 Ford Dearborn Deuce Roadster sold for $96,800
10.   1967 Chevrolet Corvette 327/300 Coupe sold for $83,600

* Sold for charity

Friday total: $5.6M |123/189 lots sold: 65% sell-through rate | Average Sale Price: $45,858

Top 5 Friday Sales:

1.       2013 Dodge Viper GTS Custom Coupe $236,500*
2.       2009 Volvo VNL670 Custom Semi Truck sold for $165,550
3.       1964 Chevrolet Corvette Custom Roadster sold for $126,500
4.       1968 Shelby GT500 Fastback sold for $110,000
5.       1968 Shelby GT500 KR Convertible sold for $104,500

2013 Results Through Friday

Cumulative Total: $7.2M | 227/366 sold: 62% sell-through rate | Average Sale Price: $31,530

Silver

Friday Total: $1.1M

72/140 lots sold: 51% sell-through rate

Average Sale Price: $15,334

Overall Top 10 Sales:

1.       2009 Dodge Viper Coupe sold for $71,280
2.       1956 Mercury Monterey Hardtop sold for $62,640
3.       1941 Ford Super Deluxe Convertible sold for $40,500
4.       1977 Toyota Land Cruiser FJ40 SUV sold for $32,940
5.       1940 Packard 110 Sedan sold for $29,700
6.       1968 Chrysler Imperial Sedan sold for $29,700
7.       1957 Mercury Turnpike Cruiser Hardtop Coupe sold for $28,890
8.       1967 Chevrolet Nova Hardtop Coupe sold for $28,350
9.       1965 Pontiac LeMans GTO sold for $28,080
10.   1965 Chevrolet Impala SS Convertible sold for $27,000

2013 Results Through Friday

Total: $1.3M | 98/155 lots sold:63% sell-through rate  | Average Sale Price: $13,210

Editor’s note (part 2): On Thursday, Bonhams did $23.5 million in business with its one-day auction in Arizona. Friday, Gooding & Company ($28.0 million), RM ($26.4) and Barrett-Jackson ($22.4) also reached the $20-million plateau in a single day with their sales figures. Meanwhile, Russo and Steele pushed past $5 million for the day while Silver Auctions exceeded the million-dollar mark at $1.1 million. Overall, the average price of a vehicle sold at the Arizona auctions this year is 11.4-percent more than at the auctions last year. Through Friday, the average sales price had improved 16 percent at Silver and 12.6 percent at Russo and Steele compared to 2013 figures.

 

 

Eye candy: Arizona’s concours creates memories

Photos by Larry Edsall

The inaugural Arizona Concours d’Elegance was a stunning success, with 78 remarkable classic vehicles arrayed around the lawns within the famed Arizona Biltmore resort.

Some 180 cars were nominated by their owners for the event.

Some 20 committee members and numerous others helping out — all of them volunteers — put the concours together.

More than 2000 people attended.

Three “wishes” — and a good start on a fourth — will be granted by Make-A-Wish Arizona as the result of money raised at the event.

But those are just numbers. Meaningful numbers. In the case of Make-A-Wish, very meaningful numbers. But just numbers.

What everyone will remember is the beauty they experienced that day: The beauty of the setting, the beauty of the cars, the beauty of the efforts of the volunteers and all the contributors to the lives of beautiful children, and theirs to ours.

 

Bonhams posts a pair of $3-million sales in Arizona

Editor’s  note: Throughout Arizona Auction Week, we’ll be bringing you daily results as reported to us by Hagerty Insurance, which staffs each of the venues and tracks the sales. These are raw results witnessed by Hagerty and may not include any post-sale transactions. The figures do include the buyer’s premiums.

Thursday, January 16

Overall from all auction companies

Cumulative Total: $70.7M

968/1,072 lots sold: 90%

Average Sale Price:  $72,617

2013 Cumulative Results Through Thursday

Cumulative Total: $39.5M |907/989 lots sold: 92% |Average Sale Price:  $43,427

Overall Top 10 Sales:

1.       1951 Ferrari 212 Export Coupe sold for $3,190,000 (Bonhams)
2.       1931 Alfa Romeo 6C 1750 Gran Sport Spider sold for $3,080,000 (Bonhams)
3.       1961 Porsche 718 RS 61 Spyder sold for $2,750,000 (RM)
4.       1966 Ferrari 275 GTB/6C Coupe sold for $2,640,000 (Bonhams)
5.       1930 Duesenberg Model J Convertible sold for $2,200,000 (RM)
6.       1936 Mercedes-Benz 500K Sports Phaeton sold for $1,430,000 (Bonhams)
7.       1961 Mercedes-Benz 300SL Roadster sold for $1,237,500 (Bonhams)
8.       1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,078,000 (Bonhams)
9.       1958 Mercedes-Benz 300SL Roadster sold for $1,045,000 (RM)
10.   1938 Bugatti Type 57 Stelvio Cabriolet sold for $962,500 (RM)

Results by auction company

Barrett-Jackson

Cumulative Total through Thursday: $26.7M

691/691 lots sold: 100% sell-through rate

Average Sale Price: $38,622

Overall Top 10 Sales:

1.       1955 Ford F-100 Pickup sold for $220,000
2.       2012 Ford F-350 Pickup sold for $200,000*
3.       2013 Ford Fusion NASCAR Race Car sold for $180,000*
4.       1960 Cadillac Custom Roadster sold for $165,000
5.       1940 Ford Sportsman Custom Convertible sold for $115,500
6.       1969 Pontiac GTO Judge Coupe $110,000
7.       1971 Plymouth Cuda Custom Convertible sold for $110,000
8.       1952 Buick Super 8 Custom Hardtop sold for $110,000
9.       1969 Ford Talladega Sportsroof Coupe sold for $110,000
10.   1969 Pontiac GTO Judge Hardtop sold for $110,000

* Sold for charity

Thursday total: $12.1M |266/266 lots sold: 100% | Average Sale Price: $45,623

Top 5 Thursday Sales:

1.                   1955 Ford F-100 Pickup sold for $220,000
2.                   2013 Ford Fusion NASCAR Race Car sold for $180,000*
3.                   1960 Cadillac Custom Roadster sold for $165,000
4.                   1940 Ford Sportsman Custom Convertible sold for $115,500
5.                   1969 Pontiac GTO Judge Hardtop sold for $110,000
6.                   1971 Plymouth Cuda Custom Convertible sold for $110,000
7.                   1952 Buick Super 8 Custom Hardtop sold for $110,000
8.                   1969 Pontiac GTO Judge Coupe sold for $110,000

* Sold for charity

2013 Results Through Thursday

Cumulative Total: $24.4M |689/689 sold: 100% | Average Sale Price: $35,344

Bonhams

Thursday total: $23.5M

86/101 lots sold: 85%

Average Sale Price: $272,890

Top 10 Thursday Sales:

1.                   1951 Ferrari 212 Export Coupe sold for $3,190,000
2.                   1931 Alfa Romeo 6C 1750 Gran Sport Spider sold for $3,080,000
3.                   1966 Ferrari 275 GTB/6C Coupe sold for $2,640,000
4.                   1936 Mercedes-Benz 500K Sports Phaeton sold for $1,430,000
5.                   1961 Mercedes-Benz 300SL Roadster sold for $1,237,500
6.                   1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,078,000
7.                   1968 Ferrari 330 GTC Coupe sold for $803,000
8.                   1967 Ferrari 330 GTC Coupe sold for $660,000
9.                   1947 Bentley Mk VI Coupe sold for $605,000
10.               1935 Auburn 851 Supercharged Boattail Speedster sold for $467,500

2013 Results through Thursday

Total: $12.1M | 90/112 lots sold: 80% sell-through rate | Average Sale Price:  $134,349

RM AUCTIONS

Thursday total: $17.1M

57/67 lots sold: 84%

Average Sale Price: $300,377

Top 10 Thursday Sales:

1.                   1961 Porsche 718 RS 61 Spyder sold by $2,750,000
2.                   1930 Duesenberg Model J Convertible sold by $2,200,000
3.                   1958 Mercedes-Benz 300SL Roadster sold by $1,045,000
4.                   1938 Bugatti Type 57 Stelvio Cabriolet sold by $962,500
5.                   1938 Jaguar SS100 3.5L Roadster sold by $852,500
6.                   1960 OSCA 750 S Roadster sold by $660,000
7.                   1930 Bugatti Type 35B Grand Prix Speedster sold by $638,000
8.                   1965 Aston Martin DB5 Coupe sold by $550,000
9.                   Lot 40 – 1936 Delage D6-70 Milord Cabriolet – $544,500
10.               1958 Bentley S1 Continental Park Ward Coupe sold by $511,500

2013 Results through Thursday

No Thursday auction for RM in 2013

Russo and Steele

Thursday total: $3.5M

134/213 lots sold: 63%

Average Sale Price: $26,028

Top 10 Thursday Sales:

1.                   1968 Shelby GT500KR Convertible sold for $134,750
2.                   1966 International Travelall John Wayne War Wagon sold for $112,200
3.                   1969 Shelby GT350H Coupe sold for $101,750
4.                   1962 Chevrolet Impala Coupe sold for $70,400
5.                   1957 Chevrolet Bel Air Coupe sold for $53,350
6.                   2001 Chevrolet Camaro RS/SS Z28 Convertible sold for $52,800
7.                   1969 Chevrolet Camaro Coupe sold for $50,600
8.                   1970 Chevrolet Chevelle LS5 Coupe sold for $50,600
9.                   1947 Dodge Power Wagon Pick Up sold for $48,400
10.               1957 Chevrolet Bel Air Coupe sold for $47,300

2013 Results through Thursday

Total: $3.0M | 128/188 lots sold: 68% sell-through rate | Average Sale Price:  $23,204

Editor’s note (part 2): Bonhams and RM opened their sales with nine cars sold for more than $1 million, including a pair of $3-million transactions at Bonhams, which did $23.5 million overall, nearly doubling its 2013 Arizona auction. Bonhams’ was a one-day event; RM is back in action Friday, when Gooding & Company and Silver Auctions start accepting bids at their venues. Russo and Steele also launched its 2014 auction Thursday, selling 134 vehicles at an average price nearly 13 percent better than its opening day a year ago. Meanwhile, after three days of bidding, Barrett-Jackson’s average sale this year is more than 9 percent larger than year-ago numbers.

 

 

Auctions America opens with online memorabilia auction

Part of Wally Arnold collection | Photo courtesy Auctions America
Part of Wally Arnold collection | Photo courtesy Auctions America

Auctions America opens its 2014 season January 24-25 in Auburn, Ind., but you don’t have to worry about cold winter weather if you want to bid. That’s because this auction is designed to be conducted primarily online, though you also can bid by telephone, Proxibid or even on-site.

No cars will cross the block at this auction. Instead, the two-day sale will be all memorabilia, including automobilia, petroliana, signs, soda fountain and country-store nostalgia, as well as O-gauge model railroad NOS (new-old stock).

Featured will be some 400 lots from the Wally Arnold Collection.

Arnold, who died last June, started sweeping floors at Cal Custom and worked his way up to company president. He later became an executive at Eagle One automotive appearance products, which in 1998 was acquired by Valvoline. Arnold then launched White Eagle Motorsports and managed Eagle one’s displays at hot rod and custom car shows.

He built his collection during the course of more than 40 years at swap meets and antique shows. Highlights include a 15-inch Mohawk metal body globe, a National #5 bronze candy store cash register, a United Motors double-sided porcelain and neon outdoor sign,  and a six-foot Red Crown Gasoline porcelain sign.

An online catalog is available at www.auctionsamerica.com.

 

 

 

Hammer prices accelerating at Barrett-Jackson

Considering a 1954 Kaiser Darrin at Barrett-Jackson | Photo by Bob Golfen
Considering a 1954 Kaiser Darrin at Barrett-Jackson | Photo by Bob Golfen

 

Editor’s note: Throughout Arizona Auction Week, we’ll be bringing you daily results as reported to us by Hagerty Insurance, which staffs each of the venues and tracks the sales. These are raw results witnessed by Hagerty and may not include any post-sale transactions. The figures do include the buyer’s premiums.

Wednesday, January 15

Barrett-Jackson

Cumulative Total through Wednesday: $14.6M

425/425 lots sold: 100% sell-through rate

Average Sale Price: $34,461

Overall Top 10 Sales:

1.       2012 Ford F-350 Pickup sold for $200,000*
2.       1969 Ford Talladega Sportsroof Coupe sold for $110,000
3.       2013 Ford Mustang Coupe sold for $110,000*
4.       1970 Dodge Challenger R/T Hardtop Coupe sold for $101,200
5.       1957 Chevrolet Bel Air Custom Convertible sold for $99,000
6.       1968 Plymouth Satellite Custom Convertible sold for $88,000
7.       1978 Chevrolet Corvette Indy Pace Car Coupe sold for $82,500
8.       1941 Dodge Custom 4×4 Pickup sold for $82,500
9.   1958 Chevrolet Impala Custom Hardtop sold for $82,500
10.   1952 Chevrolet Custom Sedan Delivery sold for $82,500

* Sold for charity

Wednesday total: $10.3M |274/274 lots sold: 100% | Average Sale Price: $37,471

Top 5 Wednesday Sales:

1.       2012 Ford F-350 Pickup sold for $200,000*
2.       1970 Dodge Challenger R/T Hardtop Coupe sold for $101,200
3.       1957 Chevrolet Bel Air Custom Convertible sold for $99,000
4.       1968 Plymouth Satellite Custom Convertible sold for $88,000
5.       1978 Chevrolet Corvette Indy Pace Car Coupe sold for $82,500
6.       1941 Dodge Custom 4×4 Pickup sold for $82,500
7.       1952 Chevrolet Custom Sedan Delivery sold for $82,500

* Sold for charity

2013 Results Through Wednesday

Cumulative Total: $11.6M |406/406 sold: 100% |Average Sale Price: $28,593

Editor’s note (Part 2): Though Barrett-Jackson has sold fewer cars through the first two days of its sale this year, they are selling on average for 20 percent more than a year ago.

 

 

Experts offer advice about buying classics at auction, and about enjoying them once you get them home


Photos by Brenda Priddy & Company

As Arizona’s famous classic-car auction week gets into full swing, the experts caution that too much of a good thing can lead to a nasty hangover. That’s when the red-mist of the auction action fades and you confront the reality of what’s now sitting in your garage.

Do plenty of research before you buy a classic car at auction — and make sure it is something that you will love and enjoy — was the advice from a panel of classic-car veterans who spoke at the Phoenix Automotive Press Association’s fifth annual Arizona Auction Week Preview.

The members of the panel – Keith Martin, the well-known publisher of Sports Car Market and American Car Collector magazines; Corky Coker, the owner of Coker Tire, which specializes in providing rubber for vintage cars; and John Carlson, famed concours d’elegance judge and most recently chief judge at the inaugural Arizona Concours d’Elegance – spoke before a crowd of old-car enthusiasts at the Phoenix Art Museum. The panelists were peppered with questions about where the classic-car hobby stands today and where it’s heading in the future.

Each of the panelists is a lifelong car collector in his own right. Each is in Arizona this week to enjoy the spate of six classic-car auctions happening in the Scottsdale/Phoenix area: Barrett-Jackson, RM, Gooding, Bonhams, Russo & Steele and Silver.  Last year, more than $300 million worth of vintage iron crossed the block and into new ownership, a number that is expected to be eclipsed by this year’s sales totals.

corky1“It’s turned into a little bit more than a hobby now,” Coker (right) told the group. “It’s an industry.”

But all that auction excitement and beautiful cars becoming the target of desire can get out of control if you don’t approach it with a clear head.

“It’s what I call car horny,” Martin said.  “You walk around and see something you like and get all excited.”

Martin related how a screaming auction deal on a 1964 Chevy Nova wagon turned into a wildly expensive restoration that wound up costing him something in the neighborhood of $45,000.  It’s now an incredible car, he added, but maybe not worth what he has in it.  He’ll find out when it crosses the block this week at Barrett-Jackson, where the car is selling with no reserve.

But that’s part of the risk and the fun of engaging in the hobby, he said, adding that he has gained much enjoyment from his cars over the years, particularly the Italian ones from Alfa Romeo:  “When you buy a car, it changes your life.”

Choosing the right classic car involves much more than its looks or performance, Carlson said.  What matters most is how you will enjoy it, and with whom.carlson2

“I tell folks, ‘What group do you want to associate with?’ ” he said.  “The key for me is that you have fun with your car.”

Despite his longtime participation in concours competitions and judging, Carlson (right) said that for most people winning an award at a show should never be the chief goal of owning a classic car.

“The only person who cares that you won a trophy is you,” he said.  “I tell people that if you really want a trophy, buy one and save yourself $100,000 and a lot of headaches.”

The question of preservation vs. restoration gained traction during the discussion, with all three panel members espousing a cautious approach in attempting to bring a car back to original or even better condition while possibly ruining its originality and authenticity.

Coker is about to debut a new reality television show, Backroad Gold, on the Travel Channel. The show will focus on discovering original barn-find cars. Coker said he is a major proponent of preserving original cars despite their flaws.

“I just like the look of an original car,” Coker said.  “I like the look, the smell and the stories.”

martin3Of course, that only works if the car is in reasonably good condition, Martin (left) noted.  “There’s a difference between a preserved car and a nasty old thing.”

Carlson said that under concours definitions, a preserved car is one that has never been cosmetically restored, with no new paint, upholstery or chrome work.  They can be mechanically repaired as needed to make them run, as well as getting such perishable items as tires and windshield wipers replaced. But the patina of faded paint and interiors can add much to the allure of an automotive survivor.

“We’re really going toward keeping cars in original condition,” he said, noting that the previous trend was toward total restorations.  “We want to keep as many great unrestored cars as we can. They are wonderful and we don’t want to restore these cars.”

In his typical way, Coker got plenty of laughs during the seminar with his dry wit and homespun observations.  At one point, he turned the discussion about driving and enjoying classic cars into an unexpected sales pitch.

“If it’s presentable and makes people smile, then get in it and drive it,” he said. “Why? Because it wears out tires.”

The topic of the classic-car hobby’s future focused on getting younger people interested in cars that were created before most of them were born.  The panelists agreed that getting technology-obsessed millennials interested in old cars could be problematic.

The only way to get young people to love old cars is to make sure that they are exposed to them, Martin said, including getting them behind the wheel.  “They have to be brought in and taught to like these cars because they didn’t grow up with them.”

Coker said he sees many young people coming into the hobby, inspired by their parents to appreciate the classic machines.  Beyond keeping the hobby going, he added, it’s important that people understand the old cars to thwart misguided anti-pollution efforts to get them off the road.  “There are a lot of green people who have no idea what we do.”

The overarching advice from the expert panel to potential buyers is to be savvy, clear-headed and well-informed.  The main way to avoid the pitfalls of classic-car collecting is to do your homework on the make and model before you start bidding, Carlson said.

“The No. 1 tool to have in your tool box is to do your research,” he said.

 

Barrett-Jackson off to a strong start

Photo copyright Brenda Priddy & Company
Photo copyright Brenda Priddy & Company

Editor’s note: Throughout Arizona Auction Week, we’ll be bringing you daily results as reported to us by Hagerty Insurance, which staffs each of the venues and tracks the sales. These are raw results witnessed by Hagerty and may not include any post-sale transactions. The figures do include the buyer’s premiums.

 Tuesday, January 14

Barrett-Jackson

Total through Tuesday: $4.4M

151/151 lots sold: 100% sell-through rate

Average Sale Price: $29,122

Overall Top 10 Sales:

  1. 2013 Ford Mustang Coupe sold for $110,000*
  2. 1969 Ford Talladega Sportsroof Coupe sold for $100,000
  3. 1958 Chevrolet Impala Custom Hardtop sold for $75,000
  4. 1967 Chevrolet Camaro SS Coupe sold for $75,000*
  5. 1967 Chevrolet Chevelle SS 396 Convertible sold for $70,000
  6. 1967 Chevrolet Nova Custom Sedan sold for $65,000
  7. 1966 Ford Mustang Custom Convertible sold for $64,000
  8. 1969 Mercedes-Benz 280SL Convertible sold for $60,000
  9. 1970 Dodge Challenger T/A Hardtop Coupe sold for $60,000
  10. 1951 Cadillac Series 62 Convertible sold for $58,000

* Sold for charity

2013 Results Through Tuesday

Total: $4.2M

159/159 sold: 100%

Average Sale Price: $26,145

Editor’s note (Part 2): Though Barrett-Jackson sold eight fewer cars on its opening day this year than last year, there was a significant increase — more than 11 percent — in the average sales price.

 

23rd time’s the charm: Mecum’s MidAmerica bike sale in Las Vegas sets records

Photo by Sam Murtaugh | Courtesy Mecum Auctions
Photo by Sam Murtaugh | Courtesy Mecum Auctions

MidAmerica’s 23rd annual vintage motorcycle auction in Las Vegas not only was its first in the aftermath of the company’s sale to Mecum Auctions, it was the most successful in the event’s history with a three-day total of 441 sales for  $7.475 million.

The sale, held at the South Point Hotel, drew more than 1,100 bidders from 48 states and more than 30 countries, both records for the event. With 537 motorcycles crossing the block, even the sell-through rate was impressive at 82 percent.

Two bikes sold for $200,000 or more.

Photo by Sam Murtaugh | Courtesy Mecum Auctions
Photo by Sam Murtaugh | Courtesy Mecum Auctions

The 1911 Harley-Davidson 7D Twin from the George Pardos Collection went for $260,000 while a 1925 BMW R37 brought $200,000 (see photo above).

Twenty bikes from the Pardos collection were offered and 18 of them sold, five of them among the event’s top 10. In addition to the ’11 Harley, those were a 1936 Harley-Davidson EL “Knucklehead” at $165,000, a 1914 Harley-Davidson 10F Twin at $105,000, a 1928 JDH Twin at $100,000 and a 1915 11F Twin at $91,000.

Other top sales were $125,000 for a 1955 Vincent Black Prince, $97,000 for a 1972 Triumph/BSA TRX 7520, $95,000 for a 1909 Harley-Davidson 5 C single, and $95,000 for a 1938 Brough Superior SS80.

Mecum’s next motorcycle auction is April 13 in Houston.

 

Pope’s Harley to be auctioned for charity

Photo copyright L'Osservatore  Romano | courtesy of Bonhams
Photo copyright L’Osservatore Romano | courtesy of Bonhams

Remember last June when part of the 110th anniversary celebration of Harley-Davidson included hundreds of riders and their bikes visiting the Vatican and the presentation of a 2013 Dyna Super Glide to Pope Francis?

Well, that motorcycle will be sold at auction February 6 by Bonhams to raise money for Caritas Roma, a charity.

Proceeds from the sale, which takes place during Retromobile Week, will be used for the Don Luigi di Liegro hostel and soup kitchen at Rome’s Termini railway station. The hostel was established 30 years ago to aid the homeless, jobless and poor. Today, it serves more than 1,000 people each day.

The motorcycle, with its tank signed by the Pope, will be sold at Bonhams Les Grande Marques du Monde event at the Grand Palais in Paris.

 

Bonhams’ Vegas motorcycle sale does $3.3 million

Ducati photo courtesy Bonhams
Ducati photo courtesy Bonhams

Bonhams fourth annual Las Vegas motorcycle auction held January 9 posted $3.3-million in sales, a 30-percent increase compared to the 2013 event.

A 1978 Ducati NCR offered from the Silverman Museum collection in “untouched” condition sold for $175,500 and is believed to be a record price paid for the Bologna model.

A 1940 Harley-Davidson EL from the Pierce family museum collection reportedly drew “intense” bidding from the room, online and via telephone and set a record of $159,000.

A 1973 Ducati 750 Super Sport “Green Frame” from the Silverman collection brought $137,000, also a record.

The 1923 Indian Big Chief with Princess sidecar, a pair previously owned by Steve McQueen and restored for the actor by the famed Von Dutch, also set a record selling for $126,000. The same buyer also bought the former McQueen 1935 Indian Chief for $80,500.

A race-ready BMW Rennsport RS54 also went for $126,000.

“If that is representative of the market, then the market is strengthened quite considerably,” said Nick Smith, Bonhams’ motorcycles specialist.

However, he added, “up to that morning at 9:30 a.m., I’d have said the market was struggling.”

Smith explained that the vintage motorcycle market had not been following the strong upward price surge being experienced in the classic car market.

But after the strong showing in Las Vegas, he sees good momentum in the bike market as well, especially for the “good stuff.”

Another good sign, he said, was that the auction experienced “minimal” no sales (bikes that did not reach their reserve prices).

“As the international auction house of repute holding sales of collectors’ motorcycles seven months of the year, we know the market intimately and we’re very pleased to be at the forefront of this very exciting industry,” Bonhams CEO and auctioneer Malcolm Barber was quoted in a news release.

Bonhams next big motorcycle sale is the Stafford sale in England in April, where the lots include a barn-find 1939 Brough Superior SS100 that has been in single-family ownership since 1961.