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Arizona auctions: Scottsdale sales net an estimated $157 million

Mon, 24 Jan 2011

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance.

The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate.

A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.

Rounding out the top five sales:

-- 1949 Ferrari 166 MM Barchetta, RM Auctions, $1.87 million

-- 1933 Packard Twelve Sport Phaeton, RM Auctions, $1.76 million.

-- 1953 Fiat 8V Supersonic, Gooding, $1.70 million.

-- 1970 Plymouth 'Cuda Hemi Convertible, Russo and Steele, $1.70 million.

At the Barrett-Jackson auction, the top-selling lot was a 2010 Marine Technology Catamaran Custom 44-foot boat, complete with a trailer and a 2008 Chevrolet Corvette Z06. It sold for $742,500.

At the Silver Auctions, the top-selling lot was a 2001 Ford F-650 Super Duty and trailer, which sold for $91,260.

Watch a Hagerty video wrap-up of the Arizona auctions below:






By Dale Jewett