A Very Good Year
Auctions America in 2012
Larry Jewett - February 06, 2013 02:29 PM
The year 2012 was a period of solid results and growth for Auctions America, with the Indiana-headquartered company recording its best performance to date. Specializing in the presentation of American classics, Detroit muscle, hot rods, and customs, Auctions America generated more than $52 million in sales. Unit volume was in excess of 2,100. On a national level, bidders at Auctions America events in 2012 hailed from all 50 states across the U.S.
Headlining Auctions America’s 2012 season was the highly successful Auburn Fall Collector Car Weekend, held during the famed Auburn Cord Duesenberg Festival. The Labor Day weekend sale marked Auctions America’s largest event to date, with total sales surpassing $18.6 million and 76 percent of all lots sold. More than 52,500 enthusiasts turned out with more than one-third of registered bidders represented new clientele.
The 2012 Auctions America calendar also included successful sales in Fort Lauderdale, Florida, and Carlisle, Pennsylvania. Auctions America continued to demonstrate its expertise in the handling of private and estate collections in 2012, hosting two stand-alone single-vendor sales in addition to presenting a number of collections as featured attractions at its mainstream events. The Terry Bennett Collection and the National Military History Museum sales both enjoyed 100 percent sell-through rates, with more than 50 percent of bidders at each event representing first-time participants.
Continuing its mission to host events in the country’s leading automotive destinations, Auctions America will expand its national event calendar in 2013 with the addition of a new sale in Burbank, California, August 2–4. In addition, the Company’s Auburn Spring event will expand to incorporate the Antique Automobile Club of America’s inaugural Central Division National Spring Meet. Further information on both of these exciting events will be unveiled in early 2013.