2013 Scottsdale Auction Update: Big numbers on Friday

Business is booming in Scottsdale this year, with total sales already $30 million higher than last year. Our valuation experts discuss the latest results and identify the trends that are beginning to emerge. Featured vehicles include Ferraris, a Studebaker Avanti, and one very special AutoWeek-owned Chrysler LeBaron.

Listed below are the raw results witnessed by Hagerty during the live auctions and may not factor in any post-sale deals that have occurred.  These numbers include the appropriate buyer’s premiums.

Overall through Friday from all auction companies

Cumulative Total: $131.5M
1,494/1,723 lots sold: 87% sell-through rate
Average Sale Price:  $88,018

Overall Top 10 Sales from all auctions through Friday:
1.            1958 Ferrari 250 GT California LWB Spider sold for $8,250,000 (Gooding)
2.            1960 Ferrari 250 GT SWB Competizione Berlinetta sold for $8,140,000 (RM)
3.            1935 Mercedes-Benz 500K Cabriolet A sold for $2,750,000 (Gooding)
4.            1938 Bugatti Type 57C Atalante sold for $2,035,000 (Gooding)
5.            1967 Shelby Cobra 427 S/C Roadster sold for $2,007,500 (RM)
6.            1967 Ferrari 275 GTB/4 Berlinetta sold for $1,842,500 (RM)
7.            1938 Delahaye 135 MS Coupe sold for $1,540,000 (RM)
8.            2003 Ferrari Enzo Coupe sold for $1,485,000 (Gooding)
9t.           1995 Ferrari F50 Coupe sold for $1,375,000 (Gooding)
9t.           1932 Alfa Romeo 6C 1750 Series V Gran Sport Spider sold for $1,375,000 (Gooding)

2012 Cumulative Results Through Friday
Cumulative Total: $101.0M
1,442/1,659 lots sold: 87%
Average Sale Price:  $70,018

Results broken down by auction company

BARRETT-JACKSON

Cumulative Total through Friday: $46.8M
957/957 lots sold: 100% sell-through rate
Average Sale Price: $48,869

Overall Top 10 Sales:
1t.           1958 Chevrolet Corvette Convertible sold for $270,000
1t.           2013 Chevrolet Corvette Guy Fieri 427 Convertible sold for $270,000
3.            1970 Chevrolet Chevelle LS6 Convertible sold for $220,000
4.            1968 Shelby GT500 KR Convertible sold for $209,000
5.            2012 Ford Mustang GT NASCAR sold for $200,000
6.            2012 Ford F-150 SVT Raptor Custom Pickup sold for $200,000
7.            1970 Chevrolet Chevelle LS6 Convertible sold for $198,000
8.            1957 Chevrolet Corvette Convertible sold for $193,600
9.            1953 Ford F-100 Custom Pickup sold for $170,000
10t.        1970 Oldsmobile 4-4-2 Custom Convertible sold for $165,000
10t.        1955 Cadillac Eldorado Convertible sold for $165,000
10t.        1961 Chevrolet Corvette Custom Convertible sold for $165,000
10t.        1966 Chevrolet Corvette Custom Convertible sold for $165,000
10t.        1939 Packard Senior 127 Custom Sedan sold for $165,000
10t.        1970 Shelby GT500 Convertible sold for $165,000
10t.        1967 Volkswagen 21-Window Bus sold for $165,000

Friday total: $22.4M
268/268 lots sold: 100% sell-through rate
Average Sale Price: $83,480

Top 5 Friday Sales:
1.            1958 Chevrolet Corvette Convertible sold for $270,000
2.            1970 Chevrolet Chevelle LS6 Convertible sold for $220,000
3.            1968 Shelby GT500 KR Convertible sold for $209,000
4.            1970 Chevrolet Chevelle LS6 Convertible sold for $198,000
5.            1957 Chevrolet Corvette Convertible sold for $193,600

2012 Results Through Friday
Cumulative Total: $41.3M
913/913 sold: 100%
Average Sale Price: $45,196

RM

Friday Total: $36.2M
74/84 lots sold: 88%
Average Sale Price: $489,200

Overall Top 10 Sales:
1.            1960 Ferrari 250 GT SWB Competizione Berlinetta sold for $8,140,000
2.            1967 Shelby Cobra 427 S/C Roadster sold for $2,007,500
3.            1967 Ferrari 275 GTB/4 Berlinetta sold for $1,842,500
4.            1938 Delahaye 135 MS Coupe sold for $1,540,000
5t.           2003 Ferrari Enzo Coupe sold for $1,320,000
5t.           1966 Ferrari 275 GTB Berlinetta sold for $1,320,000
5t.           1931 Duesenberg Model J Tourster sold for $1,320,000
8.            1954 Ferrari 250 Europa Coupe sold for $1,017,500
9.            1956 Mercedes-Benz 300Sc Cabriolet sold for $990,000
10.          1956 Mercedes-Benz 300SL Gullwing Coupe sold for $847,000

2012 Results Through Friday
Total: $25.7M
126/140 lots sold:90% sell-through rate
Average Sale Price: $203,654

GOODING

Friday Total: $28.0M
48/49 lots sold: 98%
Average Sale Price: $583,985

Overall Top 10 Sales:
1.            1958 Ferrari 250 GT California LWB Spider sold for $8,250,000
2.            1935 Mercedes-Benz 500K Cabriolet A sold for $2,750,000
3.            1938 Bugatti Type 57C Atalante sold for $2,035,000
4.            2003 Ferrari Enzo Coupe sold for $1,485,000
5t.           1932 Alfa Romeo 6C 1750 Series V Gran Sport Spider sold for $1,375,000
5t.           1995 Ferrari F50 Coupe sold for $1,375,000
7.            1956 Mercedes-Benz 300Sc Cabriolet sold for $825,000
8.            1965 Aston Martin DB5 Saloon sold for $792,000
9.            1961 Mercedes-Benz 300SL Roadster sold for $770,000
10.          1966 Ferrari 330 GTC Coupe sold for $737,000

2012 Results Through Friday
Total: $19.0M
52/52 lots sold:100% sell-through rate
Average Sale Price: $364,597

BONHAMS

Overall Total: $12.1M
90/112 lots sold: 80%
Average Sale Price: $134,349

Overall Top 10 Sales:
1.            1972 Lamborghini Miura P400 SV Coupe sold for $1,215,000
2.            1930 Bugatti Type 46 Faux Cabriolet sold for $951,000
3.            1968 Ferrari 330 GTS Spider sold for $912,500
4.            1955 Mercedes-Benz 300SL Gullwing Coupe sold for $896,000
5.            1967 Ferrari 365 GTC Speciale Coupe sold for $885,000
6.            1971 Ferrari 365 GTB/4 Daytona Cut Spyder sold for $423,000
7.            1972 Ferrari 365 GTB/4 Daytona Berlinetta sold for $384,500
8.            1969 Aston Martin DB6 Coupe sold for $285,500
9.            1931 Cord L-29 sold for $280,000
10.          1964 Morgan Plus Four Plus Fixed Head Coupe sold for $230,500

Overall 2012 Results
Total: $6.0M
44/67 lots sold:66% sell-through rate
Average Sale Price:  $135,920

RUSSO AND STEELE

Cumulative Total through Friday: $7.2M
227/366 lots sold: 62% sell-through rate
Average Sale Price: $31,530

Overall Top 10 Sales:
1.            1940 Packard Darrin Custom Convertible sold for $242,000
2.            1961 Chevrolet Corvette FI Convertible sold for $82,500
3t.           1966 Ford Fairlane Custom Coupe sold for $77,000
3t.           2005 Dodge Charger NASCAR Rusty Wallace #2 Coupe sold for $77,000
5.            1969 Chevrolet Camaro Pro Touring Coupe sold for $75,900
6.            1957 Ford Thunderbird Convertible sold for $72,600
7t.           1955 Chevrolet Bel Air Convertible sold for $70,400
7t.           1961 Jaguar XK150 Drop Head Coupe sold for $70,400
9.            1961 Chevrolet Impala SS 348 Coupe sold for $68,200
10.          1965 Chevrolet Corvette Roadster sold for $64,900

Friday total: $4.2M
99/178 lots sold: 56%
Average Sale Price: $42,294

Top 5 Friday Sales:
1.            1940 Packard Darrin Custom Convertible sold for $242,000
2.            1961 Chevrolet Corvette FI Convertible sold for $82,500
3t.           1966 Ford Fairlane Custom Coupe sold for $77,000
3t.           2005 Dodge Charger NASCAR Rusty Wallace #2 Coupe sold for $77,000
5.            1969 Chevrolet Camaro Pro Touring Coupe sold for $75,900

2012 Results Through Friday
Cumulative Total: $8.1M
237/380 sold: 62%
Average Sale Price: $34,037

SILVER

Friday Total: $1.3M
98/155 lots sold: 63%
Average Sale Price: $13,210

Overall Top 10 Sales:
1.            1955 Chevrolet Bel Air Hardtop Coupe sold for $46,980
2.            1936 Ford Cunningham Town Car sold for $38,232
3.            1967 Mercury Convertible sold for $37,800
4.            1969 Ford Mustang Mach 1 SportsRoof sold for $36,720
5.            1955 Ford Sunliner sold for $36,180
6.            1956 Chevrolet Bel Air Hardtop Coupe sold for $34,830
7.            1967 Pontiac GTO Hardtop Coupe sold for $32,670
8.            1970 Ford Mustang Mach 1 SportsRoof sold for $32,400
9t.           1940 Packard 110 Sedan sold for $30,240
9t.           1972 Oldsmobile 4-4-2 Coupe sold for $30,240

2012 Results Through Friday
Total: $1.0M
70/107 lots sold:65% sell-through rate
Average Sale Price: $14,811