Ready for 2013
Auctions America Has Banner Year
Larry Jewett - January 02, 2013 08:25 AM
The year 2012 was also 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 vehicles and select automobilia sold at eight separate auctions held in some of the country’s leading automotive destinations. Growth also extended to the company’s global client base, with registered bidders representing 28 countries around the world. 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. This year’s 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. Reflecting the event’s steady and consistent growth over the past three years, more than 52,500 enthusiasts turned out to the historic Auburn Auction Park, helping put Auburn “back on the map” as the “Classic Car Capital of America”. More than one-third of registered bidders represented new clientele.
In addition to its flagship Auburn Fall and Spring sales, the 2012 Auctions America calendar also included successful sales in Fort Lauderdale, Florida, and Carlisle, Pennsylvania, where the team continued its partnership with Carlisle Events to deliver an ultimate automotive weekend experience.
Auctions America also 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.