Seven days, 3,486 vehicles and $259.8 million later, preliminary figures for the 2017 Arizona auctions are in. Compared with last year, more vehicles were offered, more were sold and $9 million more traded hands, according to Hagerty, the insurance and vehicle valuation-tracking company that monitors each of the seven auctions that took place during the week. Continue reading
Barrett-Jackson Scottsdale is a collector-car auction like no other, as brassy and oversized as a 1959 Cadillac Eldorado, as crowded with passionate fans as a political convention, and as packed with popular attractions as a state fair. There’s no Ferris wheel, but there should be.
From barbecued turkey legs to the most pristine of vintage automobiles, Barrett-Jackson excels in what it does best: attracting the most folks to the collector car hobby. It does so by way of a grand, sprawling spectacle that attracts 200,000 ticket holders each year to the Scottsdale venue as well as what has become a global audience of millions of TV watchers. Continue reading
‘The car is so much more than a machine that moves people from point A to point B. It is a symbol of freedom, an emblem of America’s pioneering spirit, a status symbol, a mark of one’s wealth, and sometimes, a sad substitute for a home or a temporary place to lay one’s head. In addition to driving (pardon the pun) the nation’s economy and commerce, the car has played an important role in American culture – high and low—making appearances in advertisements, pop songs, film and fine art.”
— news release announcing ‘Vroom Vroom Beep Beep’
‘Vroom Vroom Beep Beep” is a group exhibition by eight artists and photographers celebrating American car culture in a show running through February 24 at the Susan Eley Fine Art gallery on Manhattan’s Upper West Side. Continue reading
With a day of sales to go at some locations, total on-the-block revenues at the collector car auctions taking place in Arizona this week already have surpassed year-ago numbers, according to Hagerty, the insurance and vehicle valuation-tracking company that monitors all sales at major American auction venues. So far this week, sales have totaled $251.1 million, which is $1.1 million more than the figure for the entire 2016 sales week. Continue reading
Arizona has its car week, and just a few days later and a couple hundred miles to the northwest, Las Vegas has its vintage motorcycle weekend with Bonhams and Mecum staging major auctions.
Mecum Auctions holds its annual Las Vegas Motorcycle Auction at the South Point hotel and casino from January 25-28 while Bonhams’ seventh annual sale in Sin City takes place January 26, this year at a new venue at the Rio hotel and casino. Continue reading
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
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