Auctions America’s annual Auburn Spring sale reported more than $5.5 million in transactions last weekend, with 77 percent of 350 vehicles going to new owners.
Auctions America’s annual Auburn Spring sale reported more than $5.5 million in transactions last weekend, with 77 percent of 350 vehicles going to new owners. However, those figures were well off the mark compared to the same sale last year, when 760 cars were offered and totals reached a record $19.1 million with nearly 83 percent selling.
The big draw last year was the sale — at no reserve — of more than 400 cars from the collection of Montreal megadealer John Scotti.
Although the top sale of the weekend this year — $330,000 for a 2006 Ford GTX1 TT Spider (a supercharged roadster version of the Ford GT supercar) — far surpassed the top sale of the Auburn Spring 2014 sale, other results this year fell well off last year’s pace.
While the 1,000-horsepower Ford GTX1 did very well, it was one of only three vehicles selling for six figures. The others were a 1971 Mercedes-Benz 280 SE 3.5 cabriolet for $299,750 and a 1987 Buick GNX for $110,000. Last year, at least 10 cars sold for six figures.
This year, four other cars — a 1970 Hemi Dodge Charger R/T, a 1963 Porsche 356B, a 1972 Porsche 911 Targa and a 1956 Chevrolet Bel Air convertible — were bid to six figures but those top bids were still short of the owners’ reserve prices.
The Nos. 4 and 5 top sales at the event were a 2005 Maybach 57 sedan for $87,450 and a 1932 Ford V8 deluxe roadster for $86,000. All vehicle sales figures include the buyer’s premium.
“Our Auburn Spring sale always offers incredible diversity, and this year was no exception,” Donnie Gould, Auctions America president, was quoted in a post-sale news release. “The hobby-centric nature of the event, coupled with the well-attended AACA Special National Spring Meet and gorgeous spring weather, saw an energetic crowd and a full auction arena across the weekend.”
The Auburn Spring weekend included a swap meet and a special national spring meet by the Antique Automobile Club of America. The AACA gathering featured more than 250 cars and trucks and an attendance increase of 72 percent compare with the same event in 2014.
“Our third year holding the meet at Auctions America’s Auburn Spring sale was an unqualified success,” Steve Moskowitz, executive director of the AACA was quoted in the Auctions America news release.“Our members couldn’t say enough great things about the Auburn Auction Park and what a treat it is to both attend the sale and to visit local museums. Several members even left the event with a new ride in their collection.”
Auction America’s next sale is July 17-18 in Santa Monica, California. The annual Auburn Fall sale takes place September 2-6 at Auburn Auction Park in northeastern Indiana in conjunction with the annual ACD Festival celebrating the home of the Auburn, Cord and Duesenberg auto companies.1 comment