The Arizona classic car auctions in Scottsdale and Phoenix were pushed back a week in January, resulting in the Retromobile sales in Paris following immediately thereafter. The differences between the two world-class collector car events are striking, according to the Hagerty insurance and valuation company, which compiled a pair of graphs to compare the results.
“Aside from the fact that at Retromobile you’re more likely to see a Citroën than a Chevrolet, significantly fewer cars are sold in Paris for significantly higher average prices.” Hagerty said in a news release about the graphs. “Retromobile sold about an eighth of the 2,500 cars sold in Scottsdale, but over a third as much in total sales, and the average sale price in Retromobile was over three times as high.
“Although overall numbers were down on both sides of the Atlantic this year, the Paris sales have also grown at a faster rate as far as prices and total sales are concerned. While the number of cars offered in Paris isn’t even twice as high as it was in 2011, total sales have more than quadrupled. “
Hagerty notes that the European auctions focus primarily on high-end cars while in Scottsdale, such popular sales as Barrett-Jackson and Russo and Steele present a more egalitarian collection of auction cars.
“So while Scottsdale moves more cars and serves a broader spectrum of the market, Retromobile puts most of its attention at the top,” Hagerty said.