Ferrari frenzy continues at Arizona auctions

Ferrari frenzy continues at Arizona auctions

Nine of the top-10 sales so far at the classic car auctions taking place this week in Arizona have involved — no surprise here — Ferraris.

1964 Ferrari 250 LM sells for $9.625 million at RM | Howard Koby photo

1964 Ferrari 250 LM sells for $9.625 million at RM | Howard Koby 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.

Nine of the top-10 sales so far at the classic car auctions taking place this week in Arizona have involved — no surprise here — Ferraris.

Thursday, a 1966 Ferrari 275 GTB Competizione coupe sold for $9.405 million at Bonhams. But that figure was topped Friday when RM rolled a 1964 Ferrari 250 LM coupe across its block and the car sold for $9.625 million.

The top sale Friday at Gooding & Company also was a Ferrari, a 1959 Ferrari 250 GT long-wheelbase California Spyder selling for $7.7 million.

The top four sales Friday at RM and three of the top four at Gooding were Ferraris. Combined, those seven Ferraris sold for just shy of $29.4 million.

Overall through Friday, the Arizona auctions have generated $187.6 million in sales at an average price of $105,557. A year ago through Friday, total sales were $152.2 million and the average transaction price was $97.795.

RM wrapped up its 16th annual Arizona auction Friday with seven cars selling for more than $1 million and with $59.8 million in total sales, a significant increase compared to $43.5 million a year ago. The average transaction price at RM this year was more than $570,000, a big advance from the $410,000 figure in 2014.

Gooding and Silver conclude their sales Saturday while auction action continues through Sunday at Barrett-Jackson and at Russo and Steele. Bonhams held its one-day sale Thursday.

Overall sales through Friday from all auction companies

Cumulative total: $187.6 million
1,777 of 2,014 lots sold: 88 percent sell-through rate
Average sale price:  $105,557

2014 results through Friday
Cumulative total: $152.2 million
1,556 of 1,808 lots sold: 86 percent sell-through rate
Average sale price:  $97,795

Overall Top 10 Sales from all auctions through Friday:

  1. 1964 Ferrari 250 LM Coupe Sold For $9,625,000 (RM)
  2. 1966 Ferrari 275 GTB Competizione Coupe Sold For $9,405,000 (Bonhams)
  3. 1959 Ferrari 250 GT LWB California Spyder Sold For $7,700,000 (Gooding & Company)
  4. 1967 Ferrari 275 GTB/4 Coupe Sold For $3,657,500 (RM)
  5. 1973 Ferrari 365 GTS/4 Daytona Spyder Sold For $3,300,000 (RM)
  6. 1984 Ferrari 288 GTO Coupe Sold For $2,750,000 (RM)
  7. 1966 Ferrari 275 GTB/2 Longnose Coupe Sold For $2,750,000 (RM)
  8. 1966 Ferrari 275 GTS Spyder Sold For $2,365,000 (RM)
  9. 1963 Ferrari 250 GT Lusso Coupe Sold For $1,925,000 (Gooding & Company)
  10. 1971 Lamborghini Miura P400 SVJ Coupe Sold For $1,897,500 (RM)

Results by auction company

BARRETT-JACKSON

Cumulative total through Friday: $69.0 million
1,200 of 1,200 lots sold: 100 percent sell-through rate
Average sale price: $57,505

Overall Top 10 Sales:

  1. 2015 Chevrolet Corvette Z06 Convertible Sold For $800,000*
  2. 2015 BMW M5 Sedan Sold For $700,000*
  3. 1999 Chevrolet Monte Carlo Nascar Busch Series Sold For $500,000*
  4. 1939 Cadillac La Salle C-Hawk Custom Hardtop Roadster Sold For $410,000*
  5. 1940 Ford Boyd Coddington Pickup Sold For $374,000
  6. 1969 Chevrolet Camaro COPO Coupe Sold For $330,000
  7. 1956 Chevrolet Bel Air Nomad Custom Wagon Sold For $275,000
  8. Beverly Hillbillies Custom Truck Sold For $275,000
  9. 1969 Chevrolet Chevelle Yenko 427 Sold For $275,000
  10. 1932 Ford Custom Show Roadster Sold For $269,500

*Sold for charity

Friday total: $23.8 million
298 of 298 lots sold: 100 percent sell-through rate
Average sale price: $79,789

Top 10 Friday Sales:

  1. 2015 Chevrolet Corvette Z06 Convertible Sold For $800,000*
  2. 1999 Chevrolet Monte Carlo Nascar Busch Series Sold For $500,000*
  3. 1939 Cadillac La Salle C-Hawk Custom Hardtop Roadster Sold For $410,000*
  4. 1956 Chevrolet Bel Air Nomad Custom Wagon Sold For $275,000
  5. 1961 Chevrolet Corvette Custom Convertible Sold For $242,000
  6. 1957 Ford Thunderbird ‘E’ Convertible Sold For $220,000
  7. 1957 Chevrolet Corvette Custom Convertible Sold For $220,000
  8. 1968 Oldsmobile 4-4-2 Convertible Sold For $209,000
  9. 1967 Chevrolet Camaro Z/28 Coupe Sold For $198,000
  10. 1957 Chevrolet Bel Air Convertible Sold For $192,500

*Sold for charity

2014 results through Friday
Cumulative Total: $49.1 million
979 of 979 lots sold: 100 percent sell-through rate
Average sale price: $50,168

RM AUCTIONS

Cumulative total through Friday: $59.8 million
104 of 123 lots sold: 86 percent sell-through rate
Average sale price: $574,863

Overall Top 10 Sales:

  1. 1964 Ferrari 250 LM Coupe Sold For $9,625,000
  2. 1967 Ferrari 275 GTB/4 Coupe Sold For $3,657,500
  3. 1973 Ferrari 365 GTS/4 Daytona Spyder Sold For $3,300,000
  4. 1966 Ferrari 275 GTB/2 Longnose Coupe Sold For $2,750,000
  5. 1984 Ferrari 288 GTO Coupe Sold For $2,750,000
  6. 1966 Ferrari 275 GTS Spyder Sold For $2,365,000
  7. 1971 Lamborghini Miura P400 SVJ Coupe Sold For $1,897,500
  8. 1962 Ferrari 250 SII Cabroilet Sold For $1,705,000
  9. 1965 Porsche 904 Carrera GTS Coupe Sold For $1,650,000
  10. 2005 Ferrari FXX Evoluzione Coupe Sold For $1,622,500

Friday total: $32.1 million
49 of 61 lots sold: 77 percent sell-through rate
Average sale price: $681,824

Top 10 Friday Sales:

  1. 1964 Ferrari 250 LM Coupe Sold For $9,625,000
  2. 1967 Ferrari 275 GTB/4 Coupe Sold For $3,657,500
  3. 1973 Ferrari 365 GTS/4 Daytona Spyder Sold For $3,300,000
  4. 2005 Ferrari FXX Evoluzione Coupe Sold For $1,622,500
  5. 1955 Mercedes-Benz 300SL Gullwing Coupe Sold For $1,485,000
  6. 1961 Maserati 3500GT Vignale Spider Sold For $1,347,500
  7. 1932 Packard Deluxe Eight Series 904 Sport Phaeton Sold For $1,045,000
  8. 1967 Aston Martin DB6 Vantage Saloon Sold For $687,500
  9. 1931 Minerva AL Convertible Sold For $660,000
  10. 2005 Ferrari 575 Superamerica Convertible Sold For $517,000

2014 results through Friday
Total: $43.5 million
106/126 lots sold: 84 percent sell-through rate
Average sale price: $410,207

GOODING AND CO

Friday total: $25.3 million
56 of 64 lots sold: 88 percent sell-through rate
Average sale price: $452,071

Overall Top 10 Sales:

  1. 1959 Ferrari 250 GT LWB California Spyder Sold For $7,700,000
  2. 1963 Ferrari 250 GT Lusso Coupe Sold For $1,925,000
  3. 1959 BMW 507 Roadster Sold For $1,815,000
  4. 1965 Ferrari 275 GTS Spyder Sold For $1,595,000
  5. 1964 Shelby Cobra 289 R&P Roadster Sold For $1,155,000
  6. 1990 Ferrari 641/2 F1 Sold For $990,000
  7. 1967 Ferrari 330 GTC Coupe Sold For $907,500
  8. 1956 Maserati A6G/2000 Coupe Sold For $715,000
  9. 1963 Porsche Carrera 2 GS Coupe Sold For $643,500
  10. 1958 Rolls-Royce Silver Cloud I HJ Mulliner Drop-Head Coupe Sold For $550,000

2014 results through Friday
Total: $25.9 million
56 of 59 lots sold: 95 percent sell-through rate
Average sale price: $461,980

BONHAMS

Overall total: $24.3M
71 of 84 lots sold: 85 percent sell-through rate
Average sale price: $342,356

Overall Top 10 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

Overall 2014 results
Total: $23.5 million
86 of 101 lots sold: 85 percent sell-through rate
Average sale price: $272,890

RUSSO AND STEELE

Cumulative total through Friday: $7.6 million
238 of 379 lots sold: 64 percent sell-through rate
Average sale price: $32,109

Overall Top 10 Sales:

  1. 2014 Shelby Cobra 50th Anniversary Roadster Sold For $111,100
  2. 1956 Chevrolet 210 Sedan Sold For $107,800
  3. 1949 Dodge 2 1/2 Ton Truck Flatbed Sold For $96,800
  4. 1967 Chevrolet Corvette Coupe Sold For $90,200
  5. 1957 Chevrolet Bel Air Nomad Station Wagon Sold For $85,800
  6. 1966 Chevrolet Corvette Convertible Sold For $85,800
  7. 1957 Ford Thunderbird Convertible Sold For $85,250
  8. 1961 Chevrolet Corvette Convertible Sold For $82,500
  9. 1940 Mercury 09A Convertible Sold For $77,000
  10. 2003 Ferrari 456 MGTA Coupe 2+2 Sold For $73,150

Friday total: $4.6 million
110 of 186 lots sold: 65 percent sell-through rate
Average sale price: $40,898

Top 10 Friday sales:

  1. 2014 Shelby Cobra 50th Anniversary Roadster Sold For $111,100
  2. 1956 Chevrolet 210 Sedan Sold For $107,800
  3. 1949 Dodge 2 1/2 Ton Truck Flatbed Sold For $96,800
  4. 1967 Chevrolet Corvette Coupe Sold For $90,200
  5. 1957 Chevrolet Bel Air Nomad Station Wagon Sold For $85,800
  6. 1966 Chevrolet Corvette Convertible Sold For $85,800
  7. 1957 Ford Thunderbird Convertible Sold For $85,250
  8. 1940 Mercury 09A Convertible Sold For $77,000
  9. 2003 Ferrari 456 MGTA Coupe 2+2 Sold For $73,150
  10. 1970 Plymouth Cuda AAR Hardtop Coupe Sold For $71,500

2014 results through Friday
Total: $9.1 million
257 of 403 lots sold: 64 percent sell-through rate
Average sale price: $35,518

SILVER

Cumulative total through Friday: $1.5M
108 of 164 lots sold: 66 percent sell-through rate
Average sale price: $14,047

Overall Top 10 sales:

  1. 1932 Ford Roadster Sold For $56,160
  2. 1969 Chevrolet Camaro Z/28 Sport Coupe Sold For $4,600
  3. 1956 Chevrolet Bel Air Sport Coupe Sold For $44,280
  4. 1940 Mercury Convertible Sold For $40,500
  5. 1957 Austin-Healey 100-6 BN4 Roadster Sold For $38,340
  6. 1932 Chevrolet Coupe Sold For $35,100
  7. 1959 Cadillac DeVille Hardtop Coupe Sold For $34,560
  8. 1957 Chevrolet Bel Air Sport Coupe Sold For $34,020
  9. 1954 Ford Meteor Coupe Sold For $32,940
  10. 1966 Shelby Cobra Replica Roadster Sold For $32,400

Friday total: $1.4 million
94 of 136 lots sold: 69 percent sell-through rate
Average sale price: $15,099

Top 10 Friday sales:

  1. 1932 Ford Roadster Sold For $56,160
  2. 1969 Chevrolet Camaro Z/28 Sport Coupe Sold For $4,600
  3. 1956 Chevrolet Bel Air Sport Coupe Sold For $44,280
  4. 1940 Mercury Convertible Sold For $40,500
  5. 1957 Austin-Healey 100-6 BN4 Roadster Sold For $38,340
  6. 1932 Chevrolet Coupe Sold For $35,100
  7. 1959 Cadillac DeVille Hardtop Coupe Sold For $34,560
  8. 1957 Chevrolet Bel Air Sport Coupe Sold For $34,020
  9. 1954 Ford Meteor Coupe Sold For $32,940
  10. 1966 Shelby Cobra Replica Roadster Sold For $32,400

2014 results through Friday
Total: $1.1 million
72 of 140 lots sold: 51 percent sell-through rate
Average sale price: $15,334

 

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