Auction action heats up in Arizona

Auction action heats up in Arizona

Both million-dollar and mainstream vehicles finding new owners

Bonhams, RM Sotheby’s, Silver Auctions Arizona and Russo and Steele opened their 2018 Scottsdale and Phoenix sales Thursday, joining Barrett-Jackson’s on-going auction action. Gooding & Company expands the offerings as it starts its two-day sale today.

Hagerty, the insurance and vehicle-valuation company that monitors each of the auction venues, reports that while 85 fewer vehicles have been offered to date than a year ago, and that million-dollar sales have backed off some, the sell-through rate remains consistent and some of the most anticipated cars crossed the block Thursday, “and those star cars didn’t disappoint.”

“The top car of the night was Bonhams’ 1958 Porsche 550A Spyder works race car that placed fifth overall at Le Mans,” Hagerty said in its daily report. “The 550A was the subject of fierce bidding, riding that enthusiasm to a $5.17 million final price, including buyer’s premium.

1977 Maserati Merak SS goes to new owner for $82,500

“RM Sotheby’s top car was the 1966 Shelby Cobra 427 S/C, which closed to applause at a $2,948,750 sale price. Bonhams also sold its 1972 Ferrari 365 GTS/4 Daytona sold for $2.64 million, and RM Sotheby’s 1948 Tucker 48 Sedan sold for $1,793,750 — both strong numbers.”

More such featured cars are on the dockets today and Saturday.

Meanwhile, the heart of the collector car marketplace continued to beat strongly in Arizona on Thursday.

“Pickup trucks and vintage SUVs continued to outperform, with nearly 40 percent selling above expected prices,” Hagerty reported. “In particular, Barrett-Jackson sold a 1971 Ford Ranchero GT 429 Cobra Jet for $64,900 and a 1954 Chevrolet Series 3100 pickup for $31,900.

Hagerty added that no segment is truly suffering, “with muscle cars, sports cars, and even cars from the 1950s hitting expected numbers.”

Hagerty noted that highlights for Friday figure to be RM Sotheby’s offer of a 1954 Jaguar D-Type XKD403 (estimated to be worth $12 million to $15 million), Gooding & Company offering a 1958 Ferrari 250 GT Series I Cabriolet (estimate of $7,000,000 to $8,500,000), and Barrett-Jackson sending across its block the 2019 Ford Mustang Bullitt serial number 001 with proceeds benefitting Boys Republic, Steve McQueen’s favored charity.

Figures below are preliminary numbers recorded at the auctions by Hagerty observers and include buyer’s fees, but do not include any post-block sales.

Overall through Thursday from all auction companies

Cumulative total: $85.3 million
1,329/1,489 lots sold: 89 percent sell-through rate
Average sale price: $64,149

Prior year (2017) results through Thursday
Cumulative total: $102.7 million
1,417/1,574 lots sold: 90 percent sell-through rate
Average sale price: $72,491

Overall Top 10 Sales from all auctions through Thursday:
1. 1958 Porsche 550A Spyder sold for $5,170,000 (Bonhams)
2. 1966 Shelby Cobra 427 S/C sold for $2,948,750 (RM Sotheby’s)
3. 1972 Ferrari 365 GTS/4 Daytona sold for $2,640,000 (Bonhams)
4. 1948 Tucker 48 Sedan sold for $1,793,750 (RM Sotheby’s)
5. 1991 Ferrari F40 Coupe sold for $1,512,500 (Bonhams)
6. 1957 Mercedes-Benz 300SL Roadster sold for $1,512,500 (Bonhams)
7. 1930 Bentley Speed Six Le Mans Replica Tourer sold for $1,457,500 (Bonhams)
8. 2017 Ferrari F12tdf Coupe sold for $1,326,250 (RM Sotheby’s)
9. 2015 Porsche 918 Spyder sold for $1,292,500 (Bonhams)
10. 1987 Porsche 959 Komfort Coupe sold for $1,161,250 (RM Sotheby’s)

Individual Results broken down by each auction company

BARRETT-JACKSON

Cumulative total through Thursday: $34.1 million
981/981 lots sold: 100 percent sell-through rate
Average sale price: $34,783

Overall Top 10 Sales:
1. 1930 Ford Model A Coupe sold for $154,000
2. 1969 Chevrolet Camaro Z/28 Sport Coupe sold for $117,700
2. 1965 Buick Riviera GS Sport Coupe sold for $117,700
4. 2017 Ford F-250 Super Duty XLT SuperCab Pickup 4×4 sold for $115,000*
5. 1987 Chevrolet Monte Carlo SS Aero Coupe sold for $110,000*
5. 1986 Porsche 911 Turbo 930 Coupe sold for $110,000
5. 1969 Chevrolet Camaro RS Convertible sold for $110,000
5. 1970 Dodge Challenger Convertible sold for $110,000
5. 1971 Chevrolet K10 1/2 Ton Fleetside Pickup 4×4 sold for $110,000
10. 1956 Chevrolet Series 3100 1/2 Ton Pickup sold for $106,700
*Charity Lot

Thursday total: $15.8 million
339/339 lots sold: 100 percent sell-through rate
Average sale price: $46,466

Top 10 Thursday Sales:
1. 1930 Ford Model A Coupe sold for $154,000
2. 1969 Chevrolet Camaro Z/28 Sport Coupe sold for $117,700
3. 2017 Ford F-250 Super Duty XLT SuperCab Pickup 4×4 sold for $115,000*
4. 1987 Chevrolet Monte Carlo SS Aero Coupe sold for $110,000*
4. 1986 Porsche 911 Turbo 930 Coupe sold for $110,000
4. 1969 Chevrolet Camaro RS Convertible sold for $110,000
4. 1970 Dodge Challenger Convertible sold for $110,000
4. 1971 Chevrolet K10 1/2 Ton Fleetside Pickup 4×4 sold for $110,000
9. 1956 Chevrolet Series 3100 1/2 Ton Pickup sold for $106,700
10. 1969 Chevrolet Camaro Convertible sold for $104,500

*Charity Lot

Prior year (2017) results through Thursday
Cumulative total: $34.0 million
982/982 sold: 100 percent
Average sale price: $34,593

BONHAMS

Thursday total: $25.2 million
94/108 lots sold: 87 percent sell-through rate
Average sale price: $267,795

Top 10 Sales:
1. 1958 Porsche 550A Spyder sold for $5,170,000
2. 1972 Ferrari 365 GTS/4 Daytona Spider sold for $2,640,000
3. 1991 Ferrari F40 Coupe sold for $1,512,500
3. 1957 Mercedes-Benz 300SL Roadster sold for $1,512,500
5. 1930 Bentley Speed Six Le Mans Replica Tourer sold for $1,457,500
6. 2015 Porsche 918 Spyder Coupe sold for $1,292,500
7. 1995 Ferrari F50 Coupe sold for $1,155,000
8. 2006 Ford GT Coupe sold for $489,500
9. 1974 Ferrari Dino 246 GTS Spider sold for $484,000
10. 2016 Porsche 911 R Coupe sold for $478,500

Prior year (2017) results
Total: $36.4 million
86/105 lots sold: 82 percent
Average sale price: $422,736

RM SOTHEBY’S

Thursday total: $17.9 million
55/63 lots sold: 87 percent Sell-through rate
Average sale price: $325,368

Top 10 Thursday Sales:
1. 1966 Shelby Cobra 427 S/C Roadster sold for $2,947,500
2. 1948 Tucker 48 Sedan sold for $1,792,500
3. 2017 Ferrari F12tdf Coupe sold for $1,325,000
4. 1987 Porsche 959 Komfort Coupe sold for $1,160,000
5. 1957 Mercedes-Benz 300SL Roadster sold for $1,083,000
6. 1965 Shelby Cobra 289 R&P Roadster sold for $995,000
7. 1993 Bugatti EB110 GT Coupe sold for $967,500
8. 1935 Auburn 851 Supercharged Speedster sold for $769,500
9. 1967 Toyota 2000GT Coupe sold for $665,000
10. 1933 Cadillac Series 452C Fleetwood Town Cabriolet sold for $362,500

Prior year (2017) results through Thursday
Total: $16.1M
65/78 lots sold: 83 percent
Average sale price: $247,556

RUSSO AND STEELE

Thursday total: $2.7 million
132/197 lots sold: 67 percent sell-through rate
Average sale price: $20,630

Top 10 Thursday Sales:
1. 1965 Buick Riviera GS Sport sold for $97,900
2. 1959 Chevrolet Corvette Convertible sold for $57,200
3. 1935 Ford Model 50 ½-Ton Pickup sold for $56,100
4. 1988 Mercedes-Benz 560SL Roadster sold for $53,900
5. 1955 Chevrolet Bel Air sold for $45,100
6. 2012 Fisker Karma Sedan sold for $44,000
7. 1957 Studebaker Golden Hawk sold for $42,900
7. 1994 AM General HMC4 sold for $41,800
7. 1966 Ford Mustang Convertible sold for $41,800
10. 2008 Aston Martin Vantage sold for $41,800

Prior year (2017) results through Thursday
Total: $4.0 million
167/226 lots sold: 74 percent
Average sale price: $23,686

SILVER ARIZONA

Thursday total: $161,000
21/58 lots sold: 36 percent sell-through rate
Average sale price: $7,685

Top 10 Thursday Sales:
1. 1964 Chevrolet Impala SS Sport Coupe sold for $17,820
2. 1931 Ford Model A sold for $13,608
3. 2011 GMC Savanna sold for $13,500
4. 1978 Dodge Lil’ Red Express sold for $12,420
5. 1930 Ford Model AA sold for $11,880
6. 1990 Ford Bronco sold for $9,828
7. 1973 Lincoln Continental Mk IV Coupe sold for $8,910
8. 2012 Chevrolet Impala sold for $8,748
9. 1977 Ford Ranchero 500 Pickup sold for $8,316
10. 1927 Ford Model T sold for $7,992

Prior year (2017) results through Thursday
Total: $445,000
50/101 lots sold: 50 percent
Average sale price: $8,893

WORLDWIDE AUCTIONEERS

Total: $5.1 million
46/82 lots sold: 56 percent sell-through rate
Average sale price: $111,782

Overall Top 10 Sales:
1. 1971 Plymouth Cuda Hardtop Coupe sold for $418,000
2. 1965 Shelby GT350 Fastback sold for $352,000
3. 1923 Duesenberg Model A Touring sold for $346,500
4. 1957 Kurtis Kraft 500G Indy Car sold for $308,000
5. 1939 BMW 327 Cabriolet sold for $253,000
6. 1965 Rolls-Royce Silver Cloud III HJ Mulliner Drop Head Coupe sold for $244,750
7. 1962 Jaguar E-Type SI 3.8 Flat Floor Roadster sold for $225,500
8. 1959 Maserati 3500GT Coupe sold for $217,250
9. 1934 Cadillac Model 355D Series 30 Fleetwood (Flat Windshield) Coupe sold for $176,000
10. 1970 Mercedes-Benz 280SE 2.8L Convertible sold for $170,500

Prior year (2017) results
Cumulative total: $11.4 million
61/80 lots sold: 76 percent Sell-through rate
Average sale price: $137,112

 

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