Auction week in Scottsdale has come to a close and the final results have been tabulated. It was an optimistic launch to the 2012 collector car hobby year with strong results across the board and several world record setting prices realized. Here are the totals individually for each auction company represented along with their comparative 2011 figures.
Barrett-Jackson
2012 Scottsdale total sales (six days): $90.6 million dollars, up from 69 million in 2011.
1,291 lots sold of 1,294 lots offered for a sell through rate of 99%.
Average sale price: $70,238, up from $56,248 in 2011.
Top 10 Sales for the week
1. 1948 Tucker Torpedo $2,915,000
2. 1947 Bentley Mark VI $2,750,000
3. 1933 Pierce-Arrow Silver Arrow $2,420,000
4. 1954 Mercedes-Benz 300SL Gullwing $2,200,000
5. 1954 Desoto Adventurer II coupe $1,430,000
6. 1928 Daimler P.1.50 Vee Front Royal Limousine $1,155,000
7. 1930 Isotta Fraschini Tipo Cabriolet $1,100,000
8. 1930 Duesenberg Model J $1,045,000
9. 1964 Ford Fairlane 500 custom 2-door hardtop $1,000,000
10. 2012 Chevrolet Corvette 60th anniversary convertible $600,000
Gooding & Company
2012 Scottsdale total sales (two days): $39.8 million, up from 35 million in 2011.
116 lots sold of 118 lots offered for a sell through rate of 97%.
Average Sale Price: $343,396, up from $291,407 in 2011.
Top 10 sales for the week
1. 1955 Mercedes-Benz 300SL alloy Gullwing $4,620,000
2. 1959 Ferrari 250 GT LWB California Spyder $3,905,000
3. 1930 Duesenberg Model J disappearing top convertible coupe $2,640,000
4. 1929 Bentley 4.5L Dual Cowl Sports Phaeton $2,145,000
5. 1967 Ferrari 275 GTB/4 coupe $1,200,000
6. 1965 Ferrari 500 Superfast coupe $1,100,000
7. 1971 Lamborghini Miura P400 SV coupe $1,100,000
8. 1958 BMW 507 convertible $962,500
9. 1971 Maserati Ghibli 4.9 SS Spyder $880,000
10. 1963 Ferrari 250 GT Lusso coupe $880,000
Russo and Steele
2012 Scottsdale total sales (four days): $18.2 million, down from 18.8 million in 2011.
401 sold of 641 lots offered for a sell through rate of 63%.
Average Sale Price: $45,438, up from $31,259 in 2011.
Top 10 sales for the week
1. 1968 Chevrolet Corvette L88 $687,500
2. 1965 Shelby GT350 R $467,500
3. 1967 Ferrari 330 GTC $429,000
4. 1967 Chevrolet Camaro Cherokee convertible $357,500
5. 1969 Ford Mustang Boss 429 $264,000
6. 1972 Ferrari Dino 246 GTS $200,200
7. 1970 Dodge Challenger Hemi R/T SE $198,000
8. 1970 Chevrolet Chevelle SS 454 LS6 $165,000
9. 1937 Mercedes-Benz 230 Cabriolet A $159,500
10. 1970 Chevrolet Chevelle LS6 "Baldwin Motion " $145,200
RM Auctions
2012 Scottsdale total sales (two days): $24.7 million, down from 31 million in 2011.
120 lots sold of 140 lots offered for a sell through rate of 86%.
Average Sale Price: $205,943, up from $178,133 in 2011.
Top 10 sales for the week
1. 1957 Ferrari 410 Superamerica coupe $1,815,000
2. 1959 BMW 507 convertible $990,000
3. 1973 Ferrari 365 GTS/4 Daytona Spyder $990,000
4. 1963 Ferrari 250 GT Lusso coupe $979,000
5. 1930 Duesenberg Model J LWB Dual Cowl Phaeton $880,000
6. 1966 Shelby Cobra 427 roadster $880,000
7. 1991 Ferrari F40 coupe $781,000
8. 1957 Mercedes-Benz 300SL roadster $737,000
9. 1955 Mercedes-Benz 300SL Gullwing coupe $632,500
10. 1952 Ferrari 342 America Speciale coupe $632,500
Bonhams
2012 Scottsdale total sales (one day): $5.7 million. First year in Scottsdale for Bonhams.
40 lots sold of 67 lots offered for a sell through rate of 60%.
Average Sale Price: $141,824
Top 10 sales for the week
1. 1937 Mercedes-Benz 540KCabriolet C $667,000
2. 1930 Rolls-Royce Phantom I Transformal Phaeton $524,000
3. 1947 Delahaye 135M three-position drophead coupe $474,500
4. 1924 Isotta-Fraschini Tipo 8 Torpedo Phaeton $447,000
5. 1966 Aston Martin DB6 Vantage Saloon $298,500
6. 1931 Cord L-29 LaGrande Speedster $290,800
7. 1956 AC Ace Bristol Roadster $221,500
8. 1923 Duesenberg Model A touring $183,000
9. 1932 Rolls-Royce Phantom II Sedanca de Ville $177,500
10. 1967 Jaguar E-type 4.2L SI roadster $144,500
Silver Auctions
2012 Scottsdale total sales (two days): $2.95 million, down from 3.4 million in 2011.
175 lots sold of 267 lots offered for a sell through rate of 66%.
Average Sale Price: $16,840, down from $17,869 in 2011.
Top 10 sales for the week
1. 1960 Facel Vega HK500 $93,960
2. 1948 Packard Super 8 convertible $42,120
3. 1969 Chevrolet Camaro coupe $41,580
4. 1963 Chevrolet Impala $40,500
5. 1969 Chevrolet Camaro convertible $39,960
6. 1934 Ford 5-window coupe $39,420
7. 1935 Ford Pickup $37,260
8. 1948 Chevrolet Pickup $36,990
9. 1941 Buick Roadmaster convertible $36,180
10. 1937 Ford Slantback $35,640
2012 Totals
2012 Scottsdale total (all auctions): $182 million, up from 157 million in 2011.
2,143 lots sold of 2,527 lots offered for a sell through rate of 85%.
Average Sale Price: $84,958, up from $67,816 in 2011.
Overall Top 10 sales from all events
1. 1955 Mercedes-Benz 300SL alloy Gullwing $4,620,000 (Gooding)
2. 1959 Ferrari 250 GT LWB California Spyder $3,905,000 (Gooding)
3. 1948 Tucker Torpedo $2,915,000 (Barrett-Jackson)
4. 1947 Bentley Mark VI $2,750,000 (Barrett-Jackson)
5. 1930 Duesenberg Model J disappearing top convertible coupe $2,640,000 (Gooding)
6. 1933 Pierce-Arrow Silver Arrow $2,420,000 (Barrett-Jackson)
7. 1954 Mercedes-Benz 300SL Gullwing $2,200,000 (Barrett-Jackson)
8. 1929 Bentley 4.5L Dual Cowl Sports Phaeton $2,145,000 (Gooding)
9. 1957 Ferrari 410 Superamerica coupe $1,815,000 (RM)
10. 1954 Desoto Adventurer II coupe $1,430,000 (Barrett-Jackson)
With the addition of the salon cars, Barrett-Jackson placed five of the top ten sellers for the week. Gooding & Co finished with four (and the top two overall) and RM’s Ferrari Superamerica put them on the list with one. RM was down for the year in overall sales but they offered 23% less cars than in 2011 and their average sale price per car was up 14%. The Superamerica was really the only “star” car offered this year so the event lacked a little in the “pizzazz” factor.
Barrett-Jackson has to be pleased as they cemented their auction as the focal point of the week’s activities. The enormity of the venue and the event has to be seen to be believed…it is truly a spectacle in the truest sense of the word.
Thank you all for following the Scottsdale events with me…it is a welcome party in grand style for the 2012 collector car hobby year and keep your eyes peeled this week for Dana Mecum’s auction event in Kissimmee, FL this week, January 24 through January 29. The event will be televised on Velocity beginning Tuesday. And here we go again…
Until next time, I’ll see ya down the road…
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