Category archives: Auctions

Bonhams proves less is more, sometimes much more

Photos by Larry Edsall
Photos by Larry Edsall

Bonhams Arizona 2014 at a glance

Total sales$23.5 million
Catalog100 automobiles
Sell-through rate85 percent
High sale$3.19 million
1951 Ferrari 212 Export Coupe
Next 9 price range$467,500 to $3.08 million
Next auctionFebruary 6 in Paris, France

No doubt, you’ve heard about how “less is more.” Well, Bonhams’ third annual Arizona classic car auction provides evidence of the truth in that statement.

Bonhams may be the world’s oldest auction house (it was established in England 1793), but it is the youngest in terms of its participation in Arizona Auction Week, which is didn’t join until 2012, and when it sold 40 cars for $5.7 million. It did much better in 2013, when it sold 91 classic cars for $13.4 million, but that still left it deep in the shadows when compared with the results posted by rival high-end classic car auction houses — RM, Gooding & Company and Barrett-Jackson’s Salon Collection.

Such results didn’t sit well with a company known for the quality of its catalogs, whether they showcase fine art or fine automobiles. Note that the all-time at-auction record for a classic car occurred last July at Bonhams’ Goodwood auction where an ex-Fangio 1954 Mercedes-Benz W19R sold for $29.6 million.

But Bonhams’ classic car auctions in the United States hadn’t been nearly as successful, so the team regrouped and replenished its roster and decided to try the less is more format, but with less applied only to the number of cars in the catalog. The quality of those cars, however, would be significantly improved.

The first effort for the new plan was the company’s annual sale at The Quail (lodge and golf course) on the Monterey Peninsula. The result? Instead of $12 million in sales in 2012, the 2013 auction did more than $30 million, and with fewer cars.

Fast forward to Scottsdale in January, 2014, where 101 cars were offered and where 86 sold — for $23.3 million! Not only did overall sales nearly double when compared with 2013, but the average price per car went from $147,000 to nearly $273,000.

“The prices car by car probably were more important than the overall sales,” said Jackob Griesen, who was hired last year not only as a car specialist but as head of business development for Bonhams’ American motor car department. “The prices car by car were some very outstanding numbers. We set a lot of world records. Cars brought as much or more as they would anywhere else, I think.

“We all worked really hard,” he added. “We had a clear focus and mission. We’ve built a lot of momentum globally. We handled some important cars in 2013 that put us in the headlines. That means more great cars for us and more success. To some extent it feeds on itself.”A 1951 Ferrari 212 Export coupe known as “the Tailor’s car” sold at Bonhams’ Scottsdale event for $3.19 million and a 1931 Alfa Romeo 6C 1750 Gran Sport Spider brought $3.08 million, significantly more than its pre-auction estimate of $2.4-$2.7 million.bonahams2

Not only did the Alfa bring double what another one sold for a year ago, but, Griese noted, a 1968 Ferrari 300 GTC went for more than $800,000, “a very strong number.”

He also saw strong, even “huge” numbers being bid on 1970s and ‘80s European sports cars, whether a Ferrari 308 or Testarossa or a Porsche 911S.

Such cars, he said, have strong appeal to younger buyers, people in their mid-30s to mid-40s who may be new to classic car auctions and who bring fond memories of cars they saw when they were kids. Now they are able to buy them, provided, Griesen said, those cars have relatively low mileage and have been properly cared for. Both the cars and the money, he said, are “young tigers.”

“I would say there is a new generation coming in, and you also can see it in the (prices on) 1930s cars being a little soft unless it’s something truly spectacular that has stood the test of time, like the Alfa or a good Duesenberg or a Marmon 16.

“We saw a lot of new buyers, a lot of new clients, and they were buying cars at several different levels.” 

RM’s 15th Arizona auction sets records

Photo by Larry Edsall
Photos by Larry Edsall

RM Arizona 2014 at a glance

Total sales$45.56 million
Catalog125 automobiles
1 motorcycle
1 boat
Sell-through rate85 percent
High sale$8.8 million
1958 Ferrari 250 GT LWB California Spider
Next 9 price range$1.045 million to $2.75 million
Next auctionFebruary 5 in Paris, France

Forget the adage about the third time being the charm, for RM, it was the company’s 15th visit to Phoenix that set the sales record with a whopping $45,563,450 in business during Arizona Auction Week.

And that figure could grow because RM has 30 days after the auction to complete the sale of classic cars that didn’t quite meet the consignors’ reserve prices during the bidding.

“We were on the phones on Monday trying to find homes for all the cars,” said RM car specialist Ian Kelleher.

And how’s this list for some of the leftovers: A 1967 Ferrari 275 GTB/4, a 1961 Chaparral 1 race car, a 1966 Porsche 906 Carrera 6, a 1957 Porsche 356A Reutter Carrera Speedster, a 1953 Siata 208S Spyder, and a 1929 Bentley 4 1/2-litre Vanden Plas Tourer.

Each of those cars was bid to at least $1 million at the Arizona auction, and the owner of the 275 GTB/4 turned down a bid of $2.85 million.

Had just those six cars sold for their high bids, the auction total sales would have been $10 million more than the already record amount.

But even without those sales, the sale’s total was 25 percent better than a year ago, when RM did a one-day, 84-vehicle sale. The $8.8 million price for a 1958 Ferrari 250 GT long-wheelbase California Spider at RM was the most money ever paid for a collector car at any Arizona auction.

'61 Porsche 718 RS 61 Spyder (foreground) sold for $2.75 million
’61 Porsche 718 RS 61 Spyder (foreground) sold for $2.75 million

“There was a new format with the two days and we think it went quite well,” Kelleher said in an understatement. “Attendance was greater, even on Wednesday when we opened for a ‘soft’ preview. that was pretty encouraging.

As for the auction itself, “There was in excess of a thousand people each night,” Kelleher said.

“There were a lot of familiar faces, but it also looked like [the audience] was getting a bit younger. Each year the younger group steps one step further into the full breathe of the market. It’s not an overnight transition, but I do see it transitioning.”

Kellerher said RM also is encouraged by the fact that “people aren’t attending to see if the market is going to crash. They’re coming to see what they can buy and take home. Nearly half of the people I talked with were new clients and first-time buyers, not speculators. They were end users.”

And he said the newcomers are doing their homework: “They’re taking time to see the cars, calling for more information, asking for documents, doing due diligence, doing all the things you want someone to do to become a long-term client.”

While total sales increased greatly, the average sale price was less than the one-day auction in 2013, but Kelleher said that was expected.

“It’s reflective of the increased number of consignments and some lower-dollar vehicles,” he said. The non-sale (so far) of some of those high-dollar cars also was a factor in the average sales price.

Kelleher added that while exotic post-war European sports cars were particularly strong at the RM, Gooding & Company and Bonhams sales in Arizona, even those from that genre in the sub-$150,000 price range were being snapped up by newcomers from around the globe. Examples sold in that range at RM’s Arizona auction included XK and E-type Jaguars, Porsche 356Bs, Alfas, and Austin-Healey 3000s.

“That’s very encouraging,” Kelleher said. “More people are looking to get in or to stay in the hobby. These are cars people can drive on a more regular basis and enjoy, and cars they can enjoy with their families and on [vintage sports] car tours.”

Far fewer than 7 figures: What you could buy for lowest, average, median prices at the Arizona auctions

Overlooked amid the excitement about cars selling for millions of dollars at the recent Arizona classic car auctions was the news that you could buy cars at those same sales not for six or even five figures but for as little as $1,100, which is what it cost someone to buy a 1981 cadillac Seville sedan at Barrett-Jackson.

At Russo and Steele, a 1968 Volkswagen Karmann Ghia coupe sold for $1,650. A  1995 Oldsmobile Vista Cruiser station wagon went for $1,674 at the Silver Auction.

O.K., there were no four-figure cars at Bonhams, RM or Gooding & Company, but a 1949 Crosley Hotshot roadster did sell at Bonhams for $13,200, a 1966 NSU Spider went for $24,200 at RM, and a 1960 Triumph TR3 brought $29,700 at Gooding.

Thanks to the fact that Hagerty Insurance stations someone at each auction venue to track every sale, we can share news of the least-expensive vehicles sold at each event. In fact, if you scroll down the page you can see the 10 least-expensive cars sold at each auction… but wait!

Don’t scroll down just yet, because we also asked Hagerty to provide a list of the cars at each auction that sold for an amount closest to the average sale price, and for good measure the company provided median sales figures and vehicles.

The average sales price at the six Arizona auctions was $107,024, great news for consignors and for the auction companies, perhaps not so great news for grassroots classic car collectors and especially for those just trying to get into the hobby.

What might that average price have bought you at the Arizona auctions? Well, a 1966 Lotus Cortina Mk I coupe went for $107,250 at Gooding and a 1970 Oldsmobile 4-4-2 W-30 hardtop coupe went for $106,700 at Barrett-Jackson.

However, average prices are skewed by those multi-million-dollar sales, so it can be instructive and enlightening — and even heartening — to look at median sales prices, the price point that separates the most expensive 50 percent of cars sold from the least expensive 50 percent.

At the Arizona auctions, 2,234 cars were sold. The median price paid was $44,000, which means somewhere around 1,100 cars cost more than $44,000 but the other 1,100 or so cost less than that amount.

For example, while the average price paid at Barrett-Jackson was $78,087, the median transaction was $49,500. Or consider Bonhams, where the average was $272,890 but the median was just $88,000.

To put this in the perspective of sensible sheetmetal instead of dollars and cents, here are some of the cars you could buy for precisely that $44,000 media price:

  • a 1964 Chevrolet Impala SS 409 hardtop coupe at Barrett-Jackson,
  • a 1958 Oldsmobile Dynamic 88 J-2 hardtop coupe at Russo and Steele,
  • a 1966 Ford Bronco at Russo and Steele,
  • a 1959 MGA roadster at Gooding,
  • a 1978 Maserati Merak SS coupe at RM.

 10 Least-expensive cars sold

figures provided by Hagerty Insurance

OVERALL

  1. 1981 Cadillac Seville Sedan sold for $1,100 (Barrett-Jackson)
  2. 1968 Volkswagen Karmann Ghia Coupe sold for $1,650 (Russo and Steele)
  3. 1995 Oldsmobile Vista Cruiser Station Wagon sold for $1,674 (Silver)
  4. 1980 Chevrolet Corvette Coupe sold for $1,925 (Russo and Steele)
  5. 1999 Land Rover Discovery SII Sport Utility sold for $2,052 (Silver)
  6. 1968 Ford Crew Cab Short Bed Pickup sold for $2,200 (Russo and Steele)
  7. 1981 Alfa Romeo GTV-6 Coupe sold for $2,200 (Russo and Steele)
  8. 2005 Chrysler Sebring sold for $2,268 (Silver)
  9. 1973 Chevrolet Cheyenne Super 20 Pickup sold for $2,376 (Silver)
  10. 1995 Volvo 945 Station Wagon sold for $2,376 (Silver)

BY AUCTION

Barrett-Jackson

  1. 1981 Cadillac Seville Sedan sold for $1,100
  2. 1987 Toyota Custom Convertible Pickup sold for $2,750
  3. 1969 Toyota Corona GT Sedan sold for $3,850
  4. 1966 Dodge A100 Van sold for $4,290
  5. 1957 Cushman Golf Cart sold for $4,290
  6. 1982 Toyota Custom Pickup sold for $4,620
  7. 1955 Reo M36 C Military 6X6 sold for $5,225
  8. 2001 Chevrolet S-10 Custom Pickup sold for $5,500
  9. 1977 Chevrolet Monte Carlo Landau Coupe sold for $5,500
  10. 1966 Volkswagen Beetle Custom Sedan sold for $5,500

Russo and Steele

  1. 1968 Volkswagen Karmann Ghia Coupe sold for $1,650
  2. 1980 Chevrolet Corvette Coupe sold for $1,925
  3. 1968 Ford Crew Cab Short Bed Pickup sold for $2,200
  4. 1981 Alfa Romeo GTV-6 Coupe sold for $2,200
  5. 1978 GMC Sierra Grande Short Box Pickup sold for $2,750
  6. 1978 Chevrolet C-10 Pickup sold for $2,860
  7. 1960 Pontiac Bonneville Hardtop Sedan sold for $3,080
  8. 1984 Mercedes-Benz 280SL Convertible sold for $3,520
  9. 1991 Jaguar XJS Coupe sold for $3,850
  10. 1981 Mercedes-Benz 380SL Convertible sold for $3,850

RM Auctions

  1. 1966 NSU Spider sold for $24,200
  2. 1957 BMW Isetta 300 Micro Car sold for $30,250
  3. 1959 Imperial Southampton Coupe sold for $33,000
  4. 1959 Autobianchi Bianchina Transformabile SII Coupe sold for $33,000
  5. 1952 Harley-Davidson FL Sport Solo Motorcycle sold for $38,500
  6. 1957 BMW Isetta 300 Micro Car sold for $38,500
  7. 1978 Maserati Merak SS Coupe sold for $44,000
  8. 1962 Rolls-Royce Silver Cloud II Limousine sold for $44,000
  9. 1967 Fiat Abarth 1000TC Berlina Corsa sold for $46,750
  10. 1950 Hudson Commodore Eight Convertible sold for $46,750

Gooding & Company

  1. 1960 Triumph TR3 Roadster sold for $29,700
  2. 1955 MG TF 1500 Roadster sold for $34,100
  3. 1976 Triumph TR6 Convertible sold for $35,200
  4. 1957 BMW Isetta 300 Micro Car sold for $37,400
  5. 1941 Cadillac Series 60 Special Sedan sold for $40,700
  6. 1957 MGA 1500 Roadster $41,800
  7. 1928 Ford Model A Sedan Delivery sold for $41,800
  8. 1952 Hudson Wasp Twin H Coupe sold for $41,800
  9. 1983 Toyota Land Cruiser FJ40 Sport Utility sold for $41,800
  10. 1959 MGA Roadster sold for $44,000

Bonhams

  1. 1949 Crosley Hotshot Roadster sold for $13,200
  2. 1964 Fiat 2300S Coupe sold for $16,500
  3. 1968 Bentley T1 Sedan sold for $17,600
  4. 1948 Fiat 500B Topolino Cabriolet sold for $18,700
  5. 1951 MG TD Roadster sold for $20,900
  6. 1931 Chevrolet Coupe sold for $22,000
  7. 1967 Simca 1000 Coupe sold for $24,200
  8. 1960 MGA 1600 Roadster sold for $24,200
  9. 1960 Austin-Healey Sprite Bugeye Roadster sold for $26,400
  10. 1958 Morgan Plus 4 Roadster sold for $30,800

Silver

  1. 1995 Oldsmobile Vista Cruiser Station Wagon sold for $1,674
  2. 1999 Land Rover Discovery SII Sport Utility sold for $2,052
  3. 2005 Chrysler Sebring sold for $2,268
  4. 1973 Chevrolet Cheyenne Super 20 Pickup sold for $2,376
  5. 1995 Volvo 945 Station Wagon sold for $2,376
  6. 1976 Cadillac Seville Sedan sold for $2,376
  7. 1974 Mercedes-Benz 450SL Convertible sold for $2,700
  8. 1996 Cadillac Seville Sedan sold for $2,808
  9. 2002 Chrysler Sebring sold for $3,024
  10. 1997 Ford Mustang GT Convertible sold for $3,024

 Cars bracketing average sold price

OVERALL

One up: 1966 Lotus Cortina Mk I Coupe sold for $107,250 (Gooding)

Average = $107,024

One down: 1970 Oldsmobile 4-4-2 W-30 Hardtop Coupe sold for $106,700 (Barrett-Jackson

BY AUCTION

Barrett-Jackson

One up: 1965 Chevrolet Corvette 327/365 Convertible sold for $78,100

Average = $78,087

One down: 1953 Packard Caribbean Convertible sold for $77,000

Russo and Steele

One up: 1970 Ford Mustang Boss 302 Sportsroof Coupe sold for $42,350

Average = $41,824

One down: 1999 Dodge Viper GTS Coupe sold for $41,800

RM Auctions

One up: 1956 Talbot-Lago T14 LS Coupe sold for $423,500

Average = $421,884

One down: 1933 Packard Twelve Coupe Roadster sold for $418,000

Gooding & Company

One up: 1942 Chrysler Windsor Town & Country Barrelback Woody Station Wagon sold for $462,000

Average = $449,650

One down: 1957 Porsche 356A Speedster sold for $445,500

Bonhams

One up: 1932 Marmon V16 Victoria Coupe sold for $275,000

Average = $272,890

One down: 1929 Stutz Model M Monte Carlo Sedan sold for $264,000

Silver

One up: 2001 Chevrolet Corvette Convertible sold for $17,820

Average = $17,414

One down: 1976 Mercedes-Benz 280SL Convertible sold for $17,280

 Cars bracketing median sold price

OVERALL

One up: 1964 Chevrolet Impala SS 409/360 Hardtop Coupe sold for $44,000 (Barrett-Jackson)

Median = $44,000

One down: 1958 Oldsmobile Dynamic 88 J-2 Hardtop Coupe sold for $44,000 (Russo and Steele)

BY AUCTION

Barrett-Jackson

One up: 1966 Ford Mustang GT 289/271 Convertible sold for $49,500

Median = $49,500

One down: 1970 Plymouth Cuda 383/335 Hardtop Coupe sold for $49,500

Russo and Steele

One up: 1971 Chevrolet C10 Stepside Pickup sold for $29,700

Median = $29,700

One down: 1955 Ford Thunderbird Convertible sold for $29,700

RM Auctions

One up: 1970 Mercedes-Benz 280SL Convertible sold for $165,000

Median = $165,000

One down: 1930 Packard Speedster Eight Runabout sold for $165,000

Gooding & Company

One up: 1971 Mercedes-Benz 280SL Convertible sold for $143,000

Median = $143,000

One down: 1968 Porsche 911L Coupe sold for $143,000

Bonhams

One up: 1977 Porsche 911S Coupe sold for $88,000

Median = $88,000

One down: 1968 Ford Mustang Bullitt Fastback Coupe sold for $88,000

Silver

One up: 2002 Ford Thunderbird Convertible sold for $12,960

Median = $12,960

One down: 1993 Chevrolet Corvette Callaway 40th Anniversary Coupe sold for $12,690

 

 

Mecum heads into final days of huge Florida auction

The winning 1963 Corvette ZO6 race car campaigned by Dick Lang will be among Mecum’s weekend  offerings. (Photo: Mecum Auctions)
The winning 1963 Corvette ZO6 race car campaigned by Dick Lang will be among Mecum’s weekend offerings. (Photo: Mecum Auctions)

 

Mecum’s massive classic-car auction at Osceola Heritage Park in Kissimmee, Fla., continues through Sunday, Jan. 26, with more than 3,000 cars, trucks, motorcycles and what-have-you offered during the nine-day super sale. There were also more than 3,000 pieces of automobilia to be sold.

Highlighted by an enviable collection of Corvettes – including a couple of rare high-performance L88s, a famous ’63 ZO6 race car, a ’67 convertible formerly owned by astronaut Gus Grissom, and the historic 1956 SR prototype known as The Real McCoy – Mecum cranks into the weekend with a vast range of vehicles to fit most any wallet. Mecum has a grading system for values at its auctions, ranging from general to featured to stars to main attractions.

The 1930 Duesenberg Model J convertible could fetch $2 million. (Photo: Mecum Auctions)
The 1930 Duesenberg Model J convertible could fetch $2 million. (Photo: Mecum Auctions)

Some other top dogs of the Mecum auction include a 1965 Shelby 427 Cobra factory race car valued in the $2 million range, 1969 Mustang Boss 429, 1969 Yenko Camaro, 1973 Porsche 911 RS and a 1971 Plymouth Hemi Cuda. For fans of true classics, there’s a lavishly restored 1930 Duesenberg Model J Torpedo Berline convertible, formerly part of the Harrah and Imperial Palace collections, as well as the notable collection of the late John O’Quinn. Value estimate for the Duesey runs from $1.5 million to $2 million.

After the rising tide of classic-car values shown during the recent Arizona auction week, Mecum can most likely look forward to a strong finale for its flagship Florida sale.

If you can’t make it to sunny Florida, you can catch the action during nearly 50 hours of broadcasts on NBC and the Esquire cable channel. Check the listings for times or see Mecum.com for more information and a complete auction catalogue.

Arizona auctions total $248.6 million in sales, 11-percent increase vs. 2013

$8.8-million Ferrari | Photo by Larry Edsall
$8.8-million Ferrari | Photo by Larry Edsall

Editor’s  note: Throughout Arizona Auction Week, we have brought 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.

Sunday, January 19

Overall from all auction companies

Total: $248.6M

2,321/2,815 lots sold: 82% sell-through rate

Average Sale Price: $107,096

Overall 2013 Results:

Cumulative Total: $223.9M

2,234/2,699 lots sold: 83%

Average Sale Price: $100,176

Overall Top 10 Sales:

1.       1958 Ferrari 250 GT California LWB Spyder sold for $8,800,000 (RM)
2.       1958 Ferrari 250 GT Cabriolet sold for $6,160,000 (Gooding)
3.       1997 McLaren F1 GTR Longtail Coupe sold for $5,280,000 (Gooding)
4.       1967 Chevrolet Corvette L88 Coupe sold for $3,850,000 (Barrett-Jackson)
5.       1956 Ferrari 410 Superamerica SI Coupe sold for $3,300,000 (Gooding)
6.       1951 Ferrari 212 Export Coupe sold for $3,190,000 (Bonhams)
7.       1931 Alfa Romeo 6C 1750 Gran Sport Spider sold for $3,080,000 (Bonhams)
8.       1969 Chevrolet Corvette #57 Rebel L88 Convertible sold for $2,860,000 (Barrett-Jackson)
9.       1961 Porsche 718 RS 61 Spyder sold for $2,750,000 (RM)
10.   1966 Ferrari 275 GTB/6C Coupe sold for $2,640,000 (Bonhams)

Results by auction company

Barrett-Jackson

Overall Total: $107.8M

1,381/1,388 lots sold: 99.5% sell-through rate

Average Sale Price: $78,042

Overall Top 10 Sales:

1.       1967 Chevrolet Corvette L88 Coupe sold for $3,850,000
2.       1969 Chevrolet Corvette #57 Rebel L88 Convertible sold for $2,860,000
3.       1955 Mercedes-Benz 300SL Gullwing Coupe sold for $2,090,000
4.       1998 Ferrari F300 Race Car sold for $1,870,000
5.       1963 Shelby Cooper Monaco King Cobra sold for $1,650,000
6.       1929 Duesenberg SJ Lebaron Dual Cowl Phaeton sold for $1,430,000
7.       2008 Bugatti Veyron 16.4 Base Coupe sold for $1,375,000
8.       1968 Chevrolet Corvette L88 Convertible sold for $880,000
9.       1953 Chevrolet Corvette Convertible and 2003 Chevrolet Corvette 50thAnniversary sold for $770,000 (sold as a pair)
10.   1959 Cessna L-19E Airplane and 1958 Dodge M37 Military Truck sold for $750,000 (sold as a pair)*

* Sold for charity

Sunday total: $6.2M | 131/131 lots sold: 100% sell-through rate  | Average Sale Price: $47,661

Top 5 Sunday Sales:

1.       2011 Chevrolet Camaro Coupe sold for $196,000
2.       1948 Buick Super 8 Custom Sedan sold for $165,000
3.       1968 Dodge Charger Custom Hardtop sold for $126,500
4.       1971 Chevrolet C-10 Custom Pickup sold for $110,000
4.       1956 Ford F-100 Custom Pickup sold for $110,000
4.       1944 GMC Amphibious Vehicle Dukw sold for $110,000

Overall 2013 Results:

Cumulative Total: $102.5M | 1,336/1,340 sold: 99.7% | Average Sale Price: $76,754

Bonhams

Total: $23.5M

86/101 lots sold: 85% sell-through rate

Average Sale Price: $272,890

Overall 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

Overall 2013 Results:

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

Gooding & Company

Total: $49.5M

110/117 lots sold: 94% sell-through rate

Average Sale Price: $449,650

Overall Top 10 Sales:

1.       1958 Ferrari 250 GT Cabriolet sold for $6,160,000
2.       1997 McLaren F1 GTR Longtail Coupe sold for $5,280,000
3.       1956 Ferrari 410 Superamerica SI Coupe sold for $3,300,000
4.       1961 Ferrari 250 GT Speciale Coupe sold for $2,365,000
5.       1929 Duesenberg Model J LeBaron Dual Cowl Phaeton sold for $2,090,000
6.       1967 Ferrari 330 GTS Spyder sold for $2,062,500
7.       1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,897,500
8.       1955 Lancia Aurelia B24 Spider America Convertible sold for $1,815,000
9.       1952 Ferrari 212 Inter Coupe sold for $1,787,500
10.   1959 Mercedes-Benz 300SL Roadster sold for $1,430,000

Overall 2013 Results:

Total: $52.6M | 101/104 lots sold: 97% sell-through rate |Average Sale Price: $520,371

RM Auctions

Total (from two-day sale ended Friday): $45.6M

108/126 lots sold: 86% sell-through rate

Average Sale Price: $421,884

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 Disappearing Top Convertible sold for $2,200,000
5.       1966 Ferrari 275 GTB Coupe sold for $1,815,000
6.       1995 Ferrari F50 Coupe sold for $1,650,000
7.       1966 Ferrari 275 GTS Spyder sold for $1,485,000
8.       1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,292,500
9.       1958 Mercedes-Benz 300SL Roadster sold for $1,045,000
9.       1935 Hispano-Suiza J12 Cabriolet de Ville sold for $1,045,000
 

Overall 2013 Results:

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

Russo and Steele

Overall Total: $19.0M

456/751 lots sold: 61% sell-through rate

Average Sale Price: $41,761

Overall Top 10 Sales:

1.       1966 Lamborghini 350GT Coupe sold for $742,500
2.       1963 Pontiac LeMans SD Lightweight Coupe sold for $335,500
3.       2008 Mercedes-Benz SLR Roadster sold for $308,000
4.       1971 Chevrolet Corvette SS 454 Convertible sold for $250,250
5.       1964 Porsche 356SC Cabriolet sold for $242,000
6.       2013 Dodge Viper GTS Coupe sold for $236,500
7.       1953 Chevrolet Corvette Roadster sold for $225,500
8.       1970 Ford Mustang Boss 429 Fastback sold for $220,000
9.       1941 Packard Sedan Presidential Parade Car sold for $192,500
10.   1966 Shelby GT350 Fastback sold for $187,000

Sunday total: $1.7M

108/171 lots sold: 63%

Average Sale Price: $15,762

Top 5 Sunday Sales:

1.       1961 Lincoln Continental Convertible sold for $53,350
2.       1955 Chevrolet Sedan Delivery sold for $50,050
3.       1970 Dodge Challenger Coupe sold for $49,500
4.       1939 Ford Touring Coupe sold for $47,300
5.       1966 Ford Bronco Sport Utility sold for $44,000

Overall 2013 Results:

Cumulative Total: $16.0M | 422/710 sold: 59% | Average Sale Price: $37,975

Silver Auctions

Total: $3.1M

179/331 lots sold: 54%

Average Sale Price: $17,414

Overall Top 10 Sales:

1.       1972 Jaguar E-Type SIII Convertible sold for $81,540
2.       1948 Cadillac Model 62 Convertible sold for $76,140
3.       2009 Dodge Viper Coupe sold for $71,280
4.       1958 Chevrolet Corvette Convertible sold for $70,200
5.       1963 Chevrolet Impala Hardtop Coupe sold for $69,660
6.       1956 Mercury Monterey Hardtop sold for $62,640
7.       1947 Oldsmobile Woody Station Wagon sold for $59,400
8.       1956 Chevrolet Bel Air Convertible sold for $59,400
9.       1956 Chevrolet Sedan Delivery Custom sold for $41,580
10.   1941 Ford Super Deluxe Convertible sold for $40,500

Overall 2013 Results:

Total: $2.8M | 209/349 lots sold: 60% sell-through rate | Average Sale Price: $13,628

Editor’s note (part 2): Total sales for the Arizona auctions first reached the $100-million mark in 2005 and climbed to $157 million in 2008. Then came the national economic crash. Sales rebounded to $158 million in 2011, to $185 in 2012 and topped $226 last year. 

Total sales improved by 11 percent this year compared to 2013 with the average sales price increasing by 6.9 percent.

The biggest gains were posted by Bonhams — nearly doubling 2013 sales and with an 85-percent increase in average sales price; Russo and Steele — an 18.7-percent overall sales boost, though only a 1-percent increase in average sales transaction; and Silver Auctions, increasing 10..7 percent in overall sales and 27.7 percent in average transaction price. RM also had a large overall sales increase after staging a two-day event this year and a single-day sale last year. Barrett-Jackson’s overall sales improved by more than 5 percent while Gooding & Company’s overall sales were less than a year ago.

Barrett-Jackson enjoys $51.9-million in Saturday sales

Photo by Larry Edsall
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.

Saturday, January 18

Overall from all auction companies

Cumulative Total: $239.3M

2,076/2,510 lots sold: 83% sell-through rate

Average Sale Price: $115,248

 2013 Cumulative Results Through Saturday

Cumulative Total: $216.2M

1,980/2,384 lots sold: 83% sell-through rate

Average Sale Price:  $109,177

Overall Top 10 Sales from all auctions through Saturday:

1.       1958 Ferrari 250 GT California LWB Spyder sold for $8,800,000 (RM)
2.       1958 Ferrari 250 GT Cabriolet sold for $6,160,000 (Gooding)
3.       1997 McLaren F1 GTR Longtail Coupe sold for $5,280,000 (Gooding)
4.       1967 Chevrolet Corvette L88 Coupe sold for $3,850,000 (Barrett-Jackson)
5.       1956 Ferrari 410 Superamerica SI Coupe sold for $3,300,000 (Gooding)
6.       1951 Ferrari 212 Export Coupe sold for $3,190,000 (Bonhams)
7.       1931 Alfa Romeo 6C 1750 Gran Sport Spider sold for $3,080,000 (Bonhams)
8.       1969 Chevrolet Corvette #57 Rebel L88 Convertible sold for $2,860,000 (Barrett-Jackson)
9.       1961 Porsche 718 RS 61 Spyder sold for $2,750,000 (RM)
10.   1966 Ferrari 275 GTB/6C Coupe sold for $2,640,000 (Bonhams)

Results by auction company

Barrett-Jackson

Cumulative Total through Saturday: $100.9M

1,246/1,255 lots sold: 99% sell-through rate

Average Sale Price: $80,942

Overall Top 10 Sales:

1.       1967 Chevrolet Corvette L88 Coupe sold for $3,850,000
2.       1969 Chevrolet Corvette #57 Rebel L88 Convertible sold for $2,860,000
3.       1955 Mercedes-Benz 300SL Gullwing Coupe sold for $2,090,000
4.       1998 Ferrari F300 Race Car sold for $1,870,000
5.       1963 Shelby Cooper Monaco King Cobra sold for $1,650,000
6.       1929 Duesenberg SJ Lebaron Dual Cowl Phaeton sold for $1,430,000
7.       2008 Bugatti Veyron 16.4 Base Coupe sold for $1,375,000
8.       1968 Chevrolet Corvette L88 Convertible sold for $880,000
9.       1953 Chevrolet Corvette Convertible and 2003 Chevrolet Corvette 50th Anniversary sold for $770,000 (sold as a pair)
10.   1959 Cessna L-19E Airplane and 1958 Dodge M37 Military Truck sold for $750,000 (sold as a pair)*

* Sold for charity

Saturday total: $51.9M |267/275 lots sold: 97% sell-through rate | Average Sale Price: $194,502

Top 5 Saturday Sales:

1.       1967 Chevrolet Corvette L88 Coupe sold for $3,850,000
2.       1969 Chevrolet Corvette #57 Rebel L88 Convertible sold for $2,860,000
3.       1955 Mercedes-Benz 300SL Gullwing Coupe sold for $2,090,000
4.       1998 Ferrari F300 Race Car sold for $1,870,000
5.       1963 Shelby Cooper Monaco King Cobra sold for $1,650,000

2013 Results Through Saturday

Cumulative Total: $96.6M |1,188/1,191 sold: 99.9% sell-through rate |Average Sale Price: $81,324

Bonhams

Overall total (from one-day auction ended Thursday): $23.5M

86/101 lots sold: 85% sell-through rate

Average Sale Price: $272,890

Overall 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

Overall 2013 Results

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

Gooding & Company

Overall Total (from two-day-auction ending Saturday): $48.9M

109/117 lots sold: 93% sell-through rate

Average Sale Price: $448,730

Overall Top 10 Sales:

1.       1958 Ferrari 250 GT Cabriolet sold for $6,160,000
2.       1997 McLaren F1 GTR Longtail Coupe sold for $5,280,000
3.       1956 Ferrari 410 Superamerica SI Coupe sold for $3,300,000
4.       1961 Ferrari 250 GT Speciale Coupe sold for $2,365,000
5.       1929 Duesenberg Model J LeBaron Dual Cowl Phaeton sold for $2,090,000
6.       1967 Ferrari 330 GTS Spyder sold for $2,062,500
7.       1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,897,500
8.       1955 Lancia Aurelia B24 Spider America Convertible sold for $1,815,000
9.       1952 Ferrari 212 Inter Coupe sold for $1,787,500
10.   1959 Mercedes-Benz 300SL Roadster sold for $1,430,000

Saturday total: $22.9M | 52/58 lots sold: 90% sell-through rate | Average Sale Price: $439,820

Top 5 Saturday Sales:

1.       1997 McLaren F1 GTR Longtail Coupe sold for $5,280,000
2.       1929 Duesenberg Model J LeBaron Dual Cowl Phaeton sold for $2,090,000
3.       1967 Ferrari 330 GTS Spyder sold for $2,062,500
4.       1955 Lancia Aurelia B24 Spider America Convertible sold for $1,815,000
5.       1952 Ferrari 212 Inter Coupe sold for $1,787,500

Overall 2013 Results

Total: $52.6M | 101/104 lots sold: 97% sell-through rate |Average Sale Price: $520,371

RM Auctions

Overall Total (from two-day sale ended Friday): $45.6M

108/126 lots sold: 86% sell-through rate

Average Sale Price: $421,884

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 Disappearing Top Convertible sold for $2,200,000
5.       1966 Ferrari 275 GTB Coupe sold for $1,815,000
6.       1995 Ferrari F50 Coupe sold for $1,650,000
7.       1966 Ferrari 275 GTS Spyder sold for $1,485,000
8.       1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,292,500
9.       1958 Mercedes-Benz 300SL Roadster sold for $1,045,000
9.       1935 Hispano-Suiza J12 Cabriolet de Ville sold for $1,045,000
 

Overall 2013 Results

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

Russo and Steele

Cumulative Total through Saturday: $17.3M

348/580 lots sold: 60% sell-through rate

Average Sale Price: $49,829

Overall Top 10 Sales:

1.       1966 Lamborghini 350GT Coupe sold for $742,500
2.       1963 Pontiac LeMans SD Lightweight Coupe sold for $335,500
3.       2008 Mercedes-Benz SLR Roadster sold for $308,000
4.       1971 Chevrolet Corvette SS 454 Convertible sold for $250,250
5.       1964 Porsche 356SC Cabriolet sold for $242,000
6.       2013 Dodge Viper GTS Coupe sold for $236,500
7.       1953 Chevrolet Corvette Roadster sold for $225,500
8.       1970 Ford Mustang Boss 429 Fastback sold for $220,000
9.       1941 Packard Sedan Presidential Parade Car sold for $192,500
10.   1966 Shelby GT350 Fastback sold for $187,000

Saturday total: $8.2M | 91/178 lots sold: 51% | Average Sale Price: $90,245

Top 5 Saturday Sales:

1.       1966 Lamborghini 350GT Coupe sold for $742,500
2.       1963 Pontiac LeMans SD Lightweight Coupe sold for $335,500
3.       2008 Mercedes-Benz SLR Roadster sold for $308,000
4.       1971 Chevrolet Corvette SS 454 Convertible sold for $250,250
5.       1964 Porsche 356SC Cabriolet sold for $242,000

2013 Results Through Satuday

Cumulative Total: $14.3M | 316/544 sold: 58% | Average Sale Price: $45,359

Silver Auctions

Cumulative Total (from two-day sale ending Saturday): $3.1M

179/331 lots sold: 54%

Average Sale Price: $17,414

Overall Top 10 Sales:

1.       1972 Jaguar E-Type SIII Convertible sold for $81,540
2.       1948 Cadillac Model 62 Convertible sold for $76,140
3.       2009 Dodge Viper Coupe sold for $71,280
4.       1958 Chevrolet Corvette Convertible sold for $70,200
5.       1963 Chevrolet Impala Hardtop Coupe sold for $69,660
6.       1956 Mercury Monterey Hardtop sold for $62,640
7.       1947 Oldsmobile Woody Station Wagon sold for $59,400
8.       1956 Chevrolet Bel Air Convertible sold for $59,400
9.       1956 Chevrolet Sedan Delivery Custom sold for $41,580
10.   1941 Ford Super Deluxe Convertible sold for $40,500

Saturday total: $2.0M | 107/192 lots sold: 56% | Average Sale Price: $18,814

Top 5 Saturday Sales:

1.       1972 Jaguar E-Type SIII Convertible sold for $81,540
2.       1948 Cadillac Model 62 Convertible sold for $76,140
3.       1958 Chevrolet Corvette Convertible sold for $70,200
4.       1963 Chevrolet Impala Hardtop Coupe sold for $69,660
5.       1956 Chevrolet Bel Air Convertible sold for $59,400

Overall 2013 Results

Total: $2.8M | 209/349 lots sold: 60% sell-through rate | Average Sale Price: $13,628

Editor’s note (part 2): Even with two of the sales already completed, classic car auction week in Arizona had a huge day Saturday, posting $85 million in transactions. Barrett-Jackson’s Super Saturday alone did $51.9 million in sales, with Gooding & Company at $22.9 million. Overall, 2014 sales show a 10.6-percent improvement vs. previous year totals with two auctions — Barrett-Jackson and Russo and Steele (which so far has posted a 20-percent increase compared to 2013) — continuing through Sunday.

 

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.

 

 

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.