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.
Here we go again. Speculators are ruining the hobby for the car guys. Looking to flip a car and make a quick buck, they drive up prices to an artificial level. Then when the average folks jump into the market, they bubble bursts and they get hurt. How many times must it happen? A fool and his money are soon parted. Look for cars that have had a steady value over the years. Beware the Hemi , Ferrari, muscle car, etc etc boom bust cars.