Barrett-Jackson Scottsdale Auction, Day 1

The Barrett-Jackson Scottsdale Auction is under way in Arizona, and the first day's numbers are in from our friends at Hagerty.

Now, before you think the economic sky is falling, remember, the good stuff crosses the block on the weekend.

A 1969 Chevrolet Camaro Coupe Yenko recreation sold for $56,650. It got a frame-off restoration, Daytona Yellow paint and black racing stripes. A 450-hp, 427-cubic-inch V8 is underhood with a four-speed M22 transmission. It also has a 3.73 12-bolt rear.

A 1956 Ford F-100 Custom Pickup sold for $58,300. The purple-and-flame pickup has a Chevy 502, a B&M blower, a Jaguar rear end and fuel injection.

It's not just hot rods going under the hammer. A special-edition SEMA Jeep Wrangler was bought for $55,000. The one-of-a-kind Jeep was built by KAO Autostyling for the 2011 SEMA show in Las Vegas. It seems like a good deal considering that KAO had an unlimited budget on the custom build.

Total sales, with commission, came to $3.84 million. The sell-through rate was 100 percent, meaning all 156 cars were sold. The average sale price on Tuesday was $24,615.

Come back on Thursday and later in the week for more Arizona auction coverage. The numbers are sure to get bigger as the lots get more and more impressive.

By Jake Lingeman