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