GAA sale posts 81 percent sell-through

GAA sale posts 81 percent sell-through

2005 Ford GT is top seller at $272,000

The most recent GAA Classic Cars Auction, staged this past week in Greensboro, North Carolina, sold 499 of 624 vehicles on the docket for an impressive 81 percent sell-through rate. 

GAA Classic Cars does not announce an overall sales total for its auctions, but top sales included a 2005 Ford GT for $272,000, a 1969 Ford Mustang Boss 429 for $181,000, and two Ferraris, a 1983 512BBi and a 2004 360 Challenge that each sold for $175,000.

21-window VW brings $95,000

Another noteworthy sale was a 1964 Volkswagen 21-window bus that brought $95,000.

“We upped our number of vehicles from 550 to 650 and had an outstanding sale, said Jerry Barker, GAA Classic Cars general manager. “At 81 percent, this is to date our strongest sale and we attribute that to the large number of no reserve vehicles and the quality of those vehicles.”

Both of the top-selling Ferraris were offered at no reserve.

GAA Classic Cars next auction is scheduled for November 1-3.

The auction docket on display

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