Scottsdale collector car auctions smash records on Friday

Expectations were high after Bonhams posted strong numbers at its Thursday sale and these hopes were realized as five other local events shifted into high gear on Friday. Barrett-Jackson and Russo and Steele continued their multi-day auctions while RM, Gooding and Silver presented lots for bid for the first time in 2013.

Leading the way with their one-day event was RM Auctions, selling 70 of 84 lots for a sell through rate of 83 percent. These sales represented a stunning 35.5 million dollars (up from 25.7 million in 2012) and a per lot average of over $507,000. Top seller was a 1958 Ferrari 250 GT SWB Berlinetta 'Competizione', coachwork by Scaglietti, which hammered at 7.4 million, a world record for this car at auction.

Gooding and Company celebrated day one of their two day affair with possibly the top selling lot anywhere for the week, a gorgeous 1958 Ferrari 250 GT LWB California Spider that sold for a final $8.25 million. Gooding moved 48 of 49 lots for an impressive sell through rate of 98 percent and total sales of 28 million, up from 19 million last year.

Russo and Steele motored on with day two of their four day event and posted totals of 227 lots sold of 366 offered for 62 percent and sales of 7.2 million, down slightly from the 8.1 million posted this time last year.

Silver Auctions were successful with 98 of 155 lots that ran across the block for a 63 percent sell through rate and 1.3 million in total sales, up from 1 million in 2012.

Barrett-Jackson in their fourth day of six posted totals of 957 lots sold of 957 offered for 46.8 million, up from 41.3 million at this time last year.

Today is expected to bring out more premium cars as Barrett-Jackson unveils their Salon Collection and Gooding concludes their two day event of world class offerings.

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, Philadelphia Classic Car Examiner

Steve has been proud to call Philly his home for over fifty years. His passion for all things automotive encompasses classics, muscle cars, motorcycles, toy car collecting and all forms of racing. Profiling cars and their owners along with local car show coverage is his focus for 2013.

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