Articles

Scottsdale – The 2015 Market Kickoff

Posted by on Monday, January 12, 2015 in News, Scottsdale

So I have to start by saying – Yes, I’m one of the lucky ones heading to Scottsdale for the 2015 Auction week, where we’re likely to see north of a quarter-billion dollars in fine motorcars trade hands.  Last year, the combined totals indicate an 82% sell-through with 2,321 lots changing  hands for a $24 million increase over 2013.  That’s an average of just over $100,000 per lot.  It was also a strong indicator of the market for the entire year, and proved quite accurate in 2014.  So, if you are in Scottsdale, we’ll look forward to seeing you.  If not, no worries – set your DVR on stun and enjoy the most impressive Scottsdale lineup to date.

15463_Block_Web

At Barrett-Jackson, they’ve already started the proceedings, and why not – the original Scottsdale auction led the pack last year with $107 million in closed sales, and it takes time to make that much money.  Like everyone else, we’re watching the Ron Pratte Collection closely – who can forget the 1950 Futurliner – or the total custom 1936 Delahaye “Whatthehey” – or my favorite, the 1954 Bonneville Special Motorama car that already sold for 3.08 mill.    Visit www.barrett-jackson.com for all the details.

1280

Gooding and Company is once again at Fashion Square for a 2 day sale, and their selection of sports cars is impressive, as the rising tides of Italian car values have brought out some impressive cars.  One you don’t see often is the 1972 Lamborghini Jarama 400 GT, and new to the million dollar club is the 1967 Toyota 2000 GT.  Don’t miss the 1970 Lamborghini Muira P400S, with juicy pictures at www.goodingco.com

RM takes over the wonderful Arizona Biltmore once again for their inaugural 2015 event.  They scored the single highest value transaction in 2014, with the $8.8 mill 1958 Ferrari 250 GT California LMB Spyder.  This year, I’m watching the 1967 275 GTB/4 by Scaglietti, with the next-gen 365 GTB/4 Daytona Spider, also by Scaglietti, close behind.  RM’s impeccable 1965 904 Carrera GTS is expected to take around 4 mill to change garages.  More info at www.rmauctions.com

54a2f363a32b6

Russo and Steele bring out their auction-in-the-round concept once again in Scottsdale, with an impressive group of exotics and muscle cars.  Everyone is eager to see what the ’66 Shelby Cobra Roadster brings, along with a stellar ’70 Plymouth Hemi Superbird and an amazing 2005 Ford GT that’s hardly been touched.  All the cars are profiled at www.russoand steele.com

Bonhams was the third-highest grossing Scottsdale auction house in 2014, with $23/5 mill in closed sales.  It’s a wonderful venue at the Westin Kierland Resort, with a 1966 275 GTB Alloy Longnose and a 1966 LeMans 275 GTB Competizione leading a pack full of Ferraris.  Full details are at www.bonhams.com

It’s going to be a fascinating study, so buckle up and raise your hands!

If you have an auction worthy collectible you’d like to insure with us, let us show you how we are more than just another collector vehicle insurance company. We want to protect your passion! Click below for an online quote, or give us a call at 800.678.5173.

get a quote