Arizona auctions top $100 million, and the weekend is just beginning

Arizona auctions top $100 million, and the weekend is just beginning

Friday and Saturday are supposed to be the big sales days within the annual Arizona Auction Week, but that’s changed this year.

Le Mans-raced 1966 Ferrari sells for $9.5 miliion at Bonhams | Larry Edsall photo

Le Mans-raced 1966 Ferrari sells for $9.5 miliion at Bonhams | Larry Edsall photo

Throughout Arizona Auction Week, we bring you daily results as reported to us by Hagerty, the classic car insurance company and pricing-guide publisher, which staffs each of the venues and tracks the sales. These are raw results witnessed by Hagerty staffers and may not include post-sale transactions. Figures do include the buyer’s premium.

Friday and Saturday are supposed to be the big sales days within the annual Arizona Auction Week, but that’s changed this year. First, there was the sale Tuesday at Barrett-Jackson of more than cars from the Ron Pratte collection. Then, on Thursday, RM and Bonhams combined to sell 13 cars for $1 million or more, including a 1966 Ferrari 275 GTB Competizione coupe that went for $9.405 million at Bonhams.

Add in the results so far from Barrett-Jackson, plus the opening-day sales at Russo and Steele and at Silver, and the Arizona auctions go into Friday’s bidding already with more than $100 million in sales.

RM did $27.7 million in sales on its opening day in Arizona with nine cars selling for $1 million or more, including three Ferraris that topped $2 million. RM’s Thursday sales were far beyond the $16.6 million it did on its opening day a year ago.

Bonhams generated $24.3 million in sales Thursday, when it sold 15 fewer cars than it did a year ago but sold them for more money; sales at its single-day 2014 auction in Arizona totaled $23.5 million. Also significant for the auction house and its clients was the average sales price: nearly $350,000 this year vs. less than $275,000 a year ago.

Barrett-Jackson sold 302 lots Thursday for $15.8 million, led by a 2015 BMW M5 sedan that brought $700,000 for charity, the BMW Car Club of America Foundation.

Russo and Steele opened its 2015 auction with $3.1 million in sales. Silver Auctions also started, with $97,740 in sales.

The auctions continue today at Barrett-Jackson, RM, Russo and Steele and Silver and begin at Gooding & Company.

Overall  sales through Thursday from all auction companies
Cumulative Total: $100.5 million
1,172/1,269 lots sold (92 percent sell-through rate)
Average Sale Price:  $85,768

Overall Top 10 Sales from all auctions through Thursday:

  1. 1966 Ferrari 275 GTB Competizione Coupe Sold For $9,405,000 (Bonhams)
  2. 1966 Ferrari 275 GTB/2 Coupe Sold For $2,750,000 (RM)
  3. 1984 Ferrari 288 GTO Coupe Sold For $2,750,000 (RM)
  4. 1966 Ferrari 275 GTS Spyder Sold For $2,365000 (RM)
  5. 1971 Lamborghini Miura SVJ Coupe Sold For $1,897,500 (RM)
  6. 1962 Ferrari 250 SII Cabriolet Sold For $1,705,000 (RM)
  7. 1965 Porsche 904 Carrera GTS Coupe Sold For $1,650,000 (RM)
  8. 1955 Mercedes-Benz 300SL Gullwing Coupe Sold For $1,375,000 (Bonhams)
  9. 1990 Ferrari F40 Coupe Sold For $1,265,000 (RM)
  10.  1958 Mercedes-Benz 300SL Roadster Sold For $1,237,500 (Bonhams)

2014 Cumulative Results through Thursday
Cumulative Total:  $70.2M
967 of 1,072 lots sold (90 percent sell-through rate)
Average Sale Price:  $72,617

BARRETT-JACKSON

Cumulative Total through Thursday: $45.2 million
902 of 902 lots sold (100 percent sell-through rate)
Average Sale Price: $50,147

Overall Top 10 Sales:

  1. 2015 BMW M5 4-dr. Sedan Sold For $700,000*
  2. 1940 Ford Boyd Coddington Pickup Sold For $374,000
  3. 1969 Chevrolet Camaro COPO Coupe Sold For $330,000
  4. 1969 Chevrolet Chevelle Yenko 427 Sold For $275,000
  5. Beverly Hillbillies Custom Truck Sold For $275,000
  6. 1932 Ford  Custom Show Roadster Sold For $269,500
  7. 1956 Ford F-100 Short Bed Pickup Sold For $253,000
  8. 1956 Chrysler Custom Sport Wagon Sold For $242,000
  9. 1954 Chevrolet Corvette Coddington Custom Sold For $242,000
  10. 1970 Plymouth Hemi Cuda Hardtop Sold For $225,500

*Sold for charity

Thursday total: $15.8 million

302 of 302 lots sold (100 percent sell-through rate)

Average Sale Price: $52,233

Top 10 Thursday Sales:

  1. 2015 BMW M5 Sedan Sold For $700,000*
  2. 1956 Ford F-100 Short Bed Pickup Sold For $242,000
  3. 1933 Ford Custom Roadster Sold For $198,000
  4. 2016 Cadillac CTS-V Sedan Sold For $170,000*
  5. 1956 Ford F-100 Short Bed Pickup Sold For $161,700
  6. 1973 Jaguar E-type 2+2 Coupe Sold For $135,300
  7. 1979 Oldsmobile Cutlass Hurst Coupe Sold For $140,000*
  8. 1967 Ford Mustang Custom Fastback Sold For $112,200
  9. 1958 Chevrolet Bel Air Impala Convertible Sold For $110,000
  10. 1966 Ford Mustang Convertible Sold For $110,000
  11. 1969 Pontiac GTO Judge RA III Coupe Sold For $110,000
  12. 1971 Plymouth Barracuda 383/300 Convertible Sold For $110,000
  13. 1969 Pontiac GTO Judge RA III Coupe Sold For $110,000

*Sold for charity

2014 Results through Thursday

Cumulative Total: $26.7 million

691/691 sold (100 percent sell-through rate)

Average Sale Price: $38,622

BONHAMS

Thursday total: $24.3 million

71 of 84 lots sold (85 percent sell-through rate)

Average Sale Price: $342,356

Top 10 Thursday Sales:

  1. 1966 Ferrari 275 GTB Competizione Coupe Sold For $9,405,000
  2. 1955 Mercedes-Benz 300SL Gullwing Coupe Sold For $1,375,000
  3. 1958 Mercedes-Benz 300SL Roadster Sold For $1,237,500
  4. 1964 Shelby Cobra 289 R&P Roadster Sold For $1,017,500
  5. 1957 Mercedes-Benz 300SL Roadster Sold For $902,000
  6. 1969 Ferrari 365 GTB/4 Coupe Sold For $748,000
  7. 1938 Bugatti Type 57 Roadster Sold For $671,000
  8. 1914 American Underslung 646 5-Passenger Touring Sold For $528,000
  9. 1953 Mercedes-Benz 300S Coupe Sold For $511,500
  10. 1948 Automobile Shippers Special Indy Roadster Sold For $473,000

2014 Results through Thursday

Total: $23.5 million

86/101 lots sold (85 percent sell-through rate)

Average Sale Price: $272,890

RM AUCTIONS

Thursday total: $27.7 million

57 of 62 lots sold (91 percent sell-through rate)

Average Sale Price: $486,667

Top 10 Thursday Sales:

  1. 1984 Ferrari 288 GTO Coupe Sold For $2,750,000
  2. 1966 Ferrari 275 GTB/2 Coupe Sold For $2,750,000
  3. 1966 Ferrari 275 GTS Spyder Sold For $2,365,000
  4. 1971 Lamborghini Miura SVJ Coupe Sold For $1,897,500
  5. 1962 Ferrari 250 SII Cabriolet Sold For $1,7050,00
  6. 1965 Porsche 904 Carrera GTS Coupe Sold For $1,650,000
  7. 1990 Ferrari F40 Coupe Sold For $1,265,000
  8. 1957 Mercedes-Benz 300SL Roadster Sold For $1,210,000
  9. 1988 Porsche 959 Komfort Coupe Sold For $1,045,000
  10. 1966 Shelby Cobra 427 Roadster Sold For $990,000

2014 Results through Thursday

Total: $16.6 million

56/87 lots sold (84 percent sell-through rate)

Average Sale Price: $296,018

RUSSO AND STEELE

Thursday total: $3.1 million

128 of 193 lots sold (66 percent sell-through rate)

Average Sale Price: $24,557

Top 10 Thursday Sales:

  1. 1961 Chevrolet Corvette Convertible Sold For $82,500
  2. 1995 BMW M3 Coupe Sold For $71,500
  3. 1956 Chevrolet Series 3100 Pickup Sold For $60,500
  4. 1939 Ford Deluxe Convertible Sold For $60,500
  5. 2003 Porsche 911 Coupe Sold For $57,200
  6. 1962 Chevrolet Corvette Convertible Sold For $56,100
  7. 1956 Ford F100 Short Bed Pickup Sold For $55,000
  8. 1960 Cadillac DeVille Coupe Sold For $55,000
  9. 1949 Ford F-1 Pickup Sold For $50,600
  10. 2007 Mercedes-Benz CL600 Coupe Sold For $48,400

2014 Results through Thursday

Total: $3.5 million

134 of 213 lots sold (63 percent sell-through rate)

Average Sale Price: $26,028

SILVER AUCTIONS

Thursday total: $97,740

14 of 28 lots sold (50 percent sell-through rate)

Average Sale Price: $6,981

Top 10 Thursday Sales:

  1. 1960 Ford Thunderbird Sold For $16,956
  2. 1972 Volkswagen Karmann Ghia  Sold For $10,692
  3. 2001 Audi TT Convertible Sold For $10,260
  4. 1974 Saab Sonett Coupe Sold For $8,208
  5. 2003 Ford Thunderbird Convertible Sold For $7,668
  6. 1969 GMC Pickup Sold For $7,128
  7. 1971 Rolls-Royce Silver Shadow Sedan Sold For $7,020
  8. 1979 Ford F-250 Pickup Sold For $6,372
  9. 2004 Volkswagen Beetle Cabriolet Sold For $6,156
  10. 1986 Nissan 300ZX Coupe Sold For $5,724

Note:  Silver did not have a Thursday sale in 2014

 

Posts Carousel

Search the Journal

Latest Articles

Trending Articles