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Million Dollar Cars Coming

High Bids Rocket to $990,000

Courtesy of Hagerty - January 20, 2012 01:37 PM

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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 540KCabriolet 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…There were a couple of big lots that came close to the reserve so the potential for post-sale deals that could add close to another million dollars not reflected in these numbers is pretty good.  This was also 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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