Arizona auctions total $248.6 million in sales, 11-percent increase vs. 2013

Arizona auctions total $248.6 million in sales, 11-percent increase vs. 2013

Total sales for the Arizona auctions first reached the $100-million mark in 2005 and climbed to $157 million in 2008.

$8.8-million Ferrari | Photo by Larry Edsall

$8.8-million Ferrari | Photo by Larry Edsall

Editor’s  note: Throughout Arizona Auction Week, we have brought 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.

Sunday, January 19

Overall from all auction companies

Total: $248.6M

2,321/2,815 lots sold: 82% sell-through rate

Average Sale Price: $107,096

Overall 2013 Results:

Cumulative Total: $223.9M

2,234/2,699 lots sold: 83%

Average Sale Price: $100,176

Overall Top 10 Sales:

1.       1958 Ferrari 250 GT California LWB Spyder sold for $8,800,000 (RM)
2.       1958 Ferrari 250 GT Cabriolet sold for $6,160,000 (Gooding)
3.       1997 McLaren F1 GTR Longtail Coupe sold for $5,280,000 (Gooding)
4.       1967 Chevrolet Corvette L88 Coupe sold for $3,850,000 (Barrett-Jackson)
5.       1956 Ferrari 410 Superamerica SI Coupe sold for $3,300,000 (Gooding)
6.       1951 Ferrari 212 Export Coupe sold for $3,190,000 (Bonhams)
7.       1931 Alfa Romeo 6C 1750 Gran Sport Spider sold for $3,080,000 (Bonhams)
8.       1969 Chevrolet Corvette #57 Rebel L88 Convertible sold for $2,860,000 (Barrett-Jackson)
9.       1961 Porsche 718 RS 61 Spyder sold for $2,750,000 (RM)
10.   1966 Ferrari 275 GTB/6C Coupe sold for $2,640,000 (Bonhams)

Results by auction company

Barrett-Jackson

Overall Total: $107.8M

1,381/1,388 lots sold: 99.5% sell-through rate

Average Sale Price: $78,042

Overall Top 10 Sales:

1.       1967 Chevrolet Corvette L88 Coupe sold for $3,850,000
2.       1969 Chevrolet Corvette #57 Rebel L88 Convertible sold for $2,860,000
3.       1955 Mercedes-Benz 300SL Gullwing Coupe sold for $2,090,000
4.       1998 Ferrari F300 Race Car sold for $1,870,000
5.       1963 Shelby Cooper Monaco King Cobra sold for $1,650,000
6.       1929 Duesenberg SJ Lebaron Dual Cowl Phaeton sold for $1,430,000
7.       2008 Bugatti Veyron 16.4 Base Coupe sold for $1,375,000
8.       1968 Chevrolet Corvette L88 Convertible sold for $880,000
9.       1953 Chevrolet Corvette Convertible and 2003 Chevrolet Corvette 50thAnniversary sold for $770,000 (sold as a pair)
10.   1959 Cessna L-19E Airplane and 1958 Dodge M37 Military Truck sold for $750,000 (sold as a pair)*

* Sold for charity

Sunday total: $6.2M | 131/131 lots sold: 100% sell-through rate  | Average Sale Price: $47,661

Top 5 Sunday Sales:

1.       2011 Chevrolet Camaro Coupe sold for $196,000
2.       1948 Buick Super 8 Custom Sedan sold for $165,000
3.       1968 Dodge Charger Custom Hardtop sold for $126,500
4.       1971 Chevrolet C-10 Custom Pickup sold for $110,000
4.       1956 Ford F-100 Custom Pickup sold for $110,000
4.       1944 GMC Amphibious Vehicle Dukw sold for $110,000

Overall 2013 Results:

Cumulative Total: $102.5M | 1,336/1,340 sold: 99.7% | Average Sale Price: $76,754

Bonhams

Total: $23.5M

86/101 lots sold: 85% sell-through rate

Average Sale Price: $272,890

Overall Top 10 Sales:

1.                   1951 Ferrari 212 Export Coupe sold for $3,190,000
2.                   1931 Alfa Romeo 6C 1750 Gran Sport Spider sold for $3,080,000
3.                   1966 Ferrari 275 GTB/6C Coupe sold for $2,640,000
4.                   1936 Mercedes-Benz 500K Sports Phaeton sold for $1,430,000
5.                   1961 Mercedes-Benz 300SL Roadster sold for $1,237,500
6.                   1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,078,000
7.                   1968 Ferrari 330 GTC Coupe sold for $803,000
8.                   1967 Ferrari 330 GTC Coupe sold for $660,000
9.                   1947 Bentley Mk VI Coupe sold for $605,000
10.               1935 Auburn 851 Supercharged Boattail Speedster sold for $467,500

Overall 2013 Results:

Total: $13.4M | 91/112 lots sold: 81% sell-through rate | Average Sale Price: $147,296

Gooding & Company

Total: $49.5M

110/117 lots sold: 94% sell-through rate

Average Sale Price: $449,650

Overall Top 10 Sales:

1.       1958 Ferrari 250 GT Cabriolet sold for $6,160,000
2.       1997 McLaren F1 GTR Longtail Coupe sold for $5,280,000
3.       1956 Ferrari 410 Superamerica SI Coupe sold for $3,300,000
4.       1961 Ferrari 250 GT Speciale Coupe sold for $2,365,000
5.       1929 Duesenberg Model J LeBaron Dual Cowl Phaeton sold for $2,090,000
6.       1967 Ferrari 330 GTS Spyder sold for $2,062,500
7.       1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,897,500
8.       1955 Lancia Aurelia B24 Spider America Convertible sold for $1,815,000
9.       1952 Ferrari 212 Inter Coupe sold for $1,787,500
10.   1959 Mercedes-Benz 300SL Roadster sold for $1,430,000

Overall 2013 Results:

Total: $52.6M | 101/104 lots sold: 97% sell-through rate |Average Sale Price: $520,371

RM Auctions

Total (from two-day sale ended Friday): $45.6M

108/126 lots sold: 86% sell-through rate

Average Sale Price: $421,884

Overall Top 10 Sales:

1.       1958 Ferrari 250 GT California LWB Spyder sold for $8,800,000
2.       1961 Porsche 718 RS 61 Spyder sold for $2,750,000
3.       1964 Ferrari 250 GT Lusso Coupe sold for $2,447,500
4.       1930 Duesenberg Model J Disappearing Top Convertible sold for $2,200,000
5.       1966 Ferrari 275 GTB Coupe sold for $1,815,000
6.       1995 Ferrari F50 Coupe sold for $1,650,000
7.       1966 Ferrari 275 GTS Spyder sold for $1,485,000
8.       1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,292,500
9.       1958 Mercedes-Benz 300SL Roadster sold for $1,045,000
9.       1935 Hispano-Suiza J12 Cabriolet de Ville sold for $1,045,000
 

Overall 2013 Results:

Total: $36.4M | 75/84 lots sold: 89% sell-through rate | Average Sale Price: $485,544

Russo and Steele

Overall Total: $19.0M

456/751 lots sold: 61% sell-through rate

Average Sale Price: $41,761

Overall Top 10 Sales:

1.       1966 Lamborghini 350GT Coupe sold for $742,500
2.       1963 Pontiac LeMans SD Lightweight Coupe sold for $335,500
3.       2008 Mercedes-Benz SLR Roadster sold for $308,000
4.       1971 Chevrolet Corvette SS 454 Convertible sold for $250,250
5.       1964 Porsche 356SC Cabriolet sold for $242,000
6.       2013 Dodge Viper GTS Coupe sold for $236,500
7.       1953 Chevrolet Corvette Roadster sold for $225,500
8.       1970 Ford Mustang Boss 429 Fastback sold for $220,000
9.       1941 Packard Sedan Presidential Parade Car sold for $192,500
10.   1966 Shelby GT350 Fastback sold for $187,000

Sunday total: $1.7M

108/171 lots sold: 63%

Average Sale Price: $15,762

Top 5 Sunday Sales:

1.       1961 Lincoln Continental Convertible sold for $53,350
2.       1955 Chevrolet Sedan Delivery sold for $50,050
3.       1970 Dodge Challenger Coupe sold for $49,500
4.       1939 Ford Touring Coupe sold for $47,300
5.       1966 Ford Bronco Sport Utility sold for $44,000

Overall 2013 Results:

Cumulative Total: $16.0M | 422/710 sold: 59% | Average Sale Price: $37,975

Silver Auctions

Total: $3.1M

179/331 lots sold: 54%

Average Sale Price: $17,414

Overall Top 10 Sales:

1.       1972 Jaguar E-Type SIII Convertible sold for $81,540
2.       1948 Cadillac Model 62 Convertible sold for $76,140
3.       2009 Dodge Viper Coupe sold for $71,280
4.       1958 Chevrolet Corvette Convertible sold for $70,200
5.       1963 Chevrolet Impala Hardtop Coupe sold for $69,660
6.       1956 Mercury Monterey Hardtop sold for $62,640
7.       1947 Oldsmobile Woody Station Wagon sold for $59,400
8.       1956 Chevrolet Bel Air Convertible sold for $59,400
9.       1956 Chevrolet Sedan Delivery Custom sold for $41,580
10.   1941 Ford Super Deluxe Convertible sold for $40,500

Overall 2013 Results:

Total: $2.8M | 209/349 lots sold: 60% sell-through rate | Average Sale Price: $13,628

Editor’s note (part 2): Total sales for the Arizona auctions first reached the $100-million mark in 2005 and climbed to $157 million in 2008. Then came the national economic crash. Sales rebounded to $158 million in 2011, to $185 in 2012 and topped $226 last year. 

Total sales improved by 11 percent this year compared to 2013 with the average sales price increasing by 6.9 percent.

The biggest gains were posted by Bonhams — nearly doubling 2013 sales and with an 85-percent increase in average sales price; Russo and Steele — an 18.7-percent overall sales boost, though only a 1-percent increase in average sales transaction; and Silver Auctions, increasing 10..7 percent in overall sales and 27.7 percent in average transaction price. RM also had a large overall sales increase after staging a two-day event this year and a single-day sale last year. Barrett-Jackson’s overall sales improved by more than 5 percent while Gooding & Company’s overall sales were less than a year ago.

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