20 January 2012

Scottsdale Auction Results: Thursday video recap

Hagerty valuation experts Dave Kinney (Hagerty Price Guide), Randy Nonnenberg (bringatrailer.com) and Rob Sass bring you Thursday's Scottsdale auction results from Bonhams, Russo and Steele, RM Auctions and Barrett-Jackson. 



Thursday brought the transition from the preliminaries into primetime as Barrett-Jackson was joined by Russo and Steele, Bonhams and RM. Barrett added another $10 million to its previous two-day total of about $12 million, for a total of $22 million. Its top seller was the quarter million dollar charity sale of a 2010 Dodge Charger NASCAR.

RM sold 50 cars for just under $8 million, with its top seller just barely failing to hit the million-dollar mark. The car in question was a beautiful triple black BMW 507 roadster.

Bonhams held its first-ever Scottsdale sale, a one-night event in which it sold $5.5 million, with a very imposing Mercedes-Benz 540K cabriolet as its top car. Finally, it was Russo and Steele's first night. Russo put the memories of the disastrous 2010 storm further behind it with a fine first night result just shy of $3 million.

The total for all the auction companies so far is about $38 million. Last year at this point we were at $30 million, although those figures obviously didn't include a sale by Scottsdale newbie Bonhams.

Listed below are the raw results witnessed by Hagerty during the live auction. These numbers do not factor in any post-sale deals that may occur, but they do include the appropriate buyer’s premiums.

Overall Cumulative Top 10 Sales through Thursday (from all auction companies)


1. 1959 BMW 507 convertible sold for $990,000 (RM)
2. 1930 Duesenberg Model J LWB Dual Cowl Phaeton sold for $880,000 (RM)
3. 1937 Mercedes-Benz 540K Cabriolet C sold for $667,000 (Bonhams)
4. 1955 Mercedes-Benz 300SL Gullwing coupe sold for $632,500 (RM)
5. 1930 Rolls-Royce Phantom I Transformal Phaeton sold for $524,000 (Bonhams)
6. 1947 Delahaye 135M three-position DHC sold for $474,500 (Bonhams)
7. 1924 Isotta-Fraschini Tipo 8 Torpedo Phaeton sold for $447,000 (Bonhams)
8. 1937 Cord 812 SC Sportsman convertible sold for $385,000 (RM)
9. 1958 Porsche 356A 1600 Speedster sold for $335,500 (RM)
10. 1966 Aston Martin DB6 Vantage Saloon sold for $298,500 (Bonhams)

Cumulative totals through Thursday (from all auction companies): $37,842,775
878/984 lots sold: 89% sell-through rate
Average Sale Price: $48,770

Barrett-Jackson Auction Company


Thursday Total: $10.3M
259/259 lots sold: 100% sell-through rate
Average Sale Price: $39,858

Top 5 Thursday Sales

1. 2010 Dodge Charger NASCAR Nationwide race car sold for $250,000
2. 1968 Ford Mustang custom Fastback sold for $242,000
3. 2004 Bentley Continental GT sold for $128,700
4. 1967 Chevrolet Corvette convertible sold for $113,300
5. 1969 Chevrolet Camaro custom convertible sold for $110,000

Cumulative total through Thursday: $21.9M
665/665 lots sold: 100% sell-through rate
Average sale price: $32,965

Overall Top 10 Sales through Thursday

1. 2010 Dodge Charger NASCAR Nationwide race car sold for $250,000
2. 1968 Ford Mustang custom Fastback sold for $242,000
3. 2004 Bentley Continental GT sold for $128,700
4. 1967 Chevrolet Corvette convertible sold for $113,300
5. 1969 Chevrolet Camaro custom convertible sold for $110,000
6. 1965 Shelby Cobra CSX6000 roadster sold for $106,700
7. 2012 Chevrolet Camaro SMS Bondurant sold for $100,000
8. 1970 Plymouth 'Cuda AAR coupe sold for $99,000
9. 1948 Chevrolet COE truck sold for $97,900
10. 1958 Chevrolet Cameo pickup sold for $93,500

2011 results through Thursday
Total: $20.2M
647/647 lots sold: 100% sell-through rate
Average sale price: $49,571

RM Auctions


Thursday total: $7.6M
49/52 lots sold: 94% sell-through rate
Average sale price: $154,999

Thursday Top 10 Sales

1. 1959 BMW 507 convertible sold for $990,000
2. 1930 Duesenberg Model J LWB Dual Cowl Phaeton sold for $880,000
3. 1955 Mercedes-Benz 300SL Gullwing coupe sold for $632,500
4. 1937 Cord 812 SC Sportsman convertible sold for $385,000
5. 1958 Porsche 356A 1600 Speedster sold for $335,500
6. 1938 Cadillac V16 presidential convertible parade limousine sold for $280,500
7. 1956 Cadillac Eldorado Brougham concept town car sold for $258,500
8. 1915 Pierce-Arrow Model 48 7-passenger touring sold for $206,250
9. 1968 Aston Martin DB6 coupe sold for $198,000
10. 1965 Shelby GT350 Fastback sold for $198,000

2011 results through Thursday
Total: $6.7M
59/66 lots sold: 88% sell-through rate
Average sale price: $113,903

Bonhams (one-day sale)


Cumulative total: $5.5M*
38/67 lots sold: 57% sell-through rate
Average sale price: $145,628

Overall Top 10 Sales

1. 1937 Mercedes-Benz 540KCabriolet C sold for $667,000
2. 1930 Rolls-Royce Phantom I Transformal Phaeton sold for $524,000
3. 1947 Delahaye 135M three-position DHC sold for $474,500
4. 1924 Isotta-Fraschini Tipo 8 Torpedo Phaeton sold for $447,000
5. 1966 Aston Martin DB6 Vantage Saloon sold for $298,500
6. 1931 Cord L-29 LaGrande Speedster sold for $290,800
7. 1956 AC Ace Bristol Roadster sold for $221,500
8. 1923 Duesenberg Model A touring sold for $183,000
9. 1932 Rolls-Royce Phantom II Sedanca de Ville sold for $177,500
10. 1967 Jaguar E-type 4.2L SI roadster sold for $144,500

*Please note: A few big lots came close to the reserve, and it's possible that post-sale deals could add close to another million dollars. This also was Bonham’s first sale during the Scottsdale auction week, so there are no numbers to compare from previous years.

Russo and Steele


Thursday total: $2.8M
126/200 lots sold: 63% sell-through rate
Average sale price: $22,160

Thursday Top 10 Sales

1. 2006 Pontiac Solstice custom sold for $83,600
2. 1960 Ford Sunliner sold for $63,800
3. 1929 Ford 2-door sedan sold for $60,500
4. 1930 Ford Model A sold for $53,350
5. 1954 Jaguar XK120 sold for $49,500
6. 1970 Chevrolet Chevelle SS sold for $48,400
7. 1956 Chevrolet Corvette sold for $45,100
8. 1955 Chevrolet Bel Air resto rod sold for $42,900
9. 1940 Ford coupe sold for $41,250
10. 1965 Ford Mustang Fastback sold for $40,700
11. 1971 Plymouth Cuda 340 sold for $40,700

2011 results through Thursday
Total: $3.1M
126/196 lots sold: 64% sell-through rate
Average sale price: $24,841

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