2018 Arizona Auction Week Friday Report

1958 Porsche 550A Spyder

Click here to see the final results.

Five days into the Arizona Auctions, things continue to go well among sub-$1-million vehicles, which make up a massive part of the market. Sale prices consistently have been hitting market-appropriate values throughout the various venues. Things don’t look as bright at the top of the market. Only three of six vehicles bid above $3M thus far have sold, compared to eight of nine trading in 2017. Despite the low sales rate in this segment, the cars were generally bid to numbers that arguably could have closed the deal. Overall, gross totals through Friday are $160.1M, down 14% from 2017.

The pair of Jaguar D-Types, one from RM Sotheby’s and another from Gooding & Company, missed on the block at $9.8M and $8.8M, respectively, although both were extremely close to selling. Gooding also missed on its other major car of the day, a 1958 Ferrari 250 GT Series I Cabriolet at $6.4M, but did well to sell a 1954 Ferrari 500 Mondial for $4.455M, a 2014 Pagani Huayra for $2.09M, and the 1963 Iso Grifo A3/L prototype for $1.76M. RM Sotheby’s closed out its two-day event with a $1.682M 1963 Ferrari 250 GT Lusso and a 1960 Ferrari 250 SII Cabriolet that sold for $1.4075M.

As has been the case all week, trucks and vintage SUVs continued to impress, with only 3 percent selling below expected Hagerty Price Guide (HPG) values. Muscle cars have strengthened compared to last year as well, with a 31 percent increase in the number selling above condition-appropriate HPG values. Dodge Chargers in particular stood out with Barrett-Jackson selling a 1970 R/T 440 Six-Pack for $143K and a 1969 R/T 383/330 for $66K. Mercury Cougars also shined at Barrett-Jackson with a 1970 Eliminator trading for $110K and a 1969 XR-7 moving for $60.5K.

Big sales for Saturday include Batista Pininfarina’s marvelous personal 1965 Ferrari 275 GTB Speciale at Gooding & Company as well as a 1965 Shelby GT350R and a 2017 Ford GT, both at Barrett-Jackson.

You can also download the Hagerty Insider app at the Apple App Store to follow these auctions in real time and look up past auction sales.

Listed below are the raw results witnessed by Hagerty during the live auctions and may not factor in any post-sale deals that have occurred. These numbers include the appropriate buyer’s premiums.

 

Overall through Friday from all auction companies
Cumulative Total: $160.1M

1,943/2,271 lots sold: 86% sell-through rate
Average Sale Price: $82,415

2017 Cumulative Results through Friday
Cumulative Total: $187.1M
2095/2421 lots sold: 87% sell-through rate
Average Sale Price: $89,291

Overall Top 10 Sales from all auctions through Friday:

  1. 1958 Porsche 550A Spyder sold for $5,170,000 (Bonhams)
  2. 1954 Ferrari 500 Mondial Spider sold for $4,455,000 (Gooding & Company)
  3. 1966 Shelby Cobra 427 S/C Roadster sold for $2,947,500 (RM Sotheby's)
  4. 1972 Ferrari 365 GTS/4 Daytona Spider sold for $2,640,000 (Bonhams)
  5. 2014 Pagani Huayra Coupe sold for $2,090,000 (Gooding & Company)
  6. 1948 Tucker 48 Sedan sold for $1,792,500 (RM Sotheby's)
  7. 1963 Iso Grifo SI Coupe sold for $1,760,000 (Gooding & Company)
  8. 2015 McLaren P1 Coupe sold for $1,732,500 (Gooding & Company)
  9. 1964 Ferrari 250 GT Lusso Coupe sold for $1,682,500 (RM Sotheby's)
  10. 1991 Ferrari F40 Coupe sold for $1,512,500 (Bonhams)
  11. 1957 Mercedes-Benz 300SL Roadster sold for $1,512,500 (Bonhams)

Results broken down by Auction Company

BARRETT-JACKSON
Cumulative Total through Friday: $61.8M
1306/1306 lots sold: 100% sell-through rate
Average Sale Price: $47,323

Overall Top 10 Sales:

  1. 2018 Ford Mustang Bullitt Coupe sold for $300,000*
  2. 1967 Chevrolet Nova Sport Coupe sold for $264,000
  3. 1969 Chevrolet Corvette Convertible sold for $220,000
  4. 1954 Buick Super Model 56R Riviera Hardtop sold for $220,000
  5. 1965 Shelby Cobra CSX 4000 Series Roadster sold for $220,000
  6. 1970 Plymouth Road Runner Hardtop Coupe sold for $214,500
  7. 1968 Shelby GT500 KR Fastback sold for $203,500
  8. 1969 Chevrolet Camaro Z/28 RS Sport Coupe sold for $198,000
  9. 1962 Chevrolet Corvette Convertible sold for $198,000
  10. 1951 Chevrolet Series 3100 1/2 Ton Pickup sold for $187,000

* Charity car

Friday total: $27.7M
325/325 lots sold: 100% sell-through rate
Average Sale Price: $85,175

Top 10 Friday Sales:

  1. 2018 Ford Mustang Bullitt Coupe sold for $300,000*
  2. 1967 Chevrolet Nova Sport Coupe sold for $264,000
  3. 1969 Chevrolet Corvette Convertible sold for $220,000
  4. 1954 Buick Super Model 56R Riviera Hardtop sold for $220,000
  5. 1965 Shelby Cobra CSX 4000 Series Roadster sold for $220,000
  6. 1970 Plymouth Road Runner Hardtop Coupe sold for $214,500
  7. 1968 Shelby GT500 KR Fastback sold for $203,500
  8. 1969 Chevrolet Camaro Z/28 RS Sport Coupe sold for $198,000
  9. 1962 Chevrolet Corvette Convertible sold for $198,000
  10. 1951 Chevrolet Series 3100 1/2 Ton Pickup sold for $187,000

* Charity car

2017 Results through Friday
Cumulative Total: $52.4M
1061/1061 lots sold: 100% sell-through rate
Average Sale Price: $49,802

RM SOTHEBY’S
Cumulative Total through Friday: $35.8M
109/127 lots sold: 86% sell-through rate
Average Sale Price: $328,404

Overall Top 10 Sales:

  1. 1966 Shelby Cobra 427 S/C Roadster sold for $2,947,500
  2. 1948 Tucker 48 Sedan sold for $1,792,500
  3. 1964 Ferrari 250 GT Lusso Coupe sold for $1,682,500
  4. 1960 Ferrari 250 SII Cabriolet sold for $1,407,500
  5. 2017 Ferrari F12tdf Coupe sold for $1,325,000
  6. 1955 Alfa Romeo 1900 SS Coupe sold for $1,270,000
  7. 1952 Ferrari 212 Inter Coupe sold for $1,187,500
  8. 1987 Porsche 959 Komfort Coupe sold for $1,160,000
  9. 1957 Mercedes-Benz 300SL Roadster sold for $1,083,000
  10. 1965 Shelby Cobra 289 R&P Roadster sold for $995,000

Friday total: $17.9M
54/64 lots sold: 84% sell-through rate
Average Sale Price: $331,496

Top 10 Friday Sales:

  1. 1964 Ferrari 250 GT Lusso Coupe sold for $1,682,500
  2. 1960 Ferrari 250 SII Cabriolet sold for $1,407,500
  3. 1955 Alfa Romeo 1900 SS Coupe sold for $1,270,000
  4. 1952 Ferrari 212 Inter Coupe sold for $1,187,500
  5. 2015 Ferrari 458 Speciale A Spider sold for $632,000
  6. 1962 Maserati 3500GT Coupe sold for $604,500
  7. 1937 Rolls-Royce Phantom III Pillarless Saloon sold for $593,500
  8. 1971 Ferrari 365 GTB/4 Daytona Coupe sold for $571,500
  9. 1942 Alfa Romeo 6C 2500 SS Spider sold for $555,000
  10. 1967 Ferrari 330 GTC Coupe sold for $555,000

2017 Results through Friday
Total: $35.5M
75/81 lots sold: 93% sell-through rate
Average Sale Price: $473,521

GOODING & COMPANY
Friday Total: $23.5M
57/67 lots sold: 85% sell-through rate
Average Sale Price: $412,085

Overall Top 10 Sales:

  1. 1954 Ferrari 500 Mondial Spider sold for $4,455,000
  2. 2014 Pagani Huayra Coupe sold for $2,090,000
  3. 1963 Iso Grifo SI Coupe sold for $1,760,000
  4. 2015 McLaren P1 Coupe sold for $1,732,500
  5. 1956 Mercedes-Benz 300SL Gullwing Coupe sold for $1,320,000
  6. 1960 Mercedes-Benz 300SL Roadster sold for $1,100,000
  7. 1953 Ferrari 250 Europa Coupe sold for $1,067,000
  8. 1963 Shelby Cobra 289 R&P Roadster sold for $962,500
  9. 2004 Porsche Carrera GT Coupe sold for $715,000
  10. 1959 Aston Martin DB Mk III Drop Head Coupe sold for $621,500

2017 Results through Friday
Total: $16.8M
51/64 lots sold: 80% sell-through rate
Average Sale Price: $328,878

BONHAMS
Thursday total: $25.2M
94/108 lots sold: 87% sell-through rate
Average Sale Price: $ 267,649

Top 10 Sales:

  1. 1958 Porsche 550A Spyder sold for $5,170,000
  2. 1972 Ferrari 365 GTS/4 Daytona Spider sold for $2,640,000
  3. 1991 Ferrari F40 Coupe sold for $1,512,500
  4. 1957 Mercedes-Benz 300SL Roadster sold for $1,512,500
  5. 1930 Bentley Speed Six Le Mans Replica Tourer sold for $1,457,500
  6. 2015 Porsche 918 Spyder sold for $1,292,500
  7. 1995 Ferrari F50 Coupe sold for $1,155,000
  8. 2006 Ford GT Coupe sold for $489,500
  9. 1974 Ferrari Dino 246 GTS Spider sold for $484,000
  10. 2016 Porsche 911 R Coupe sold for $478,500

2017 Results through Thursday
Total: $36.4M
86/105 lots sold: 82% sell-through rate
Average Sale Price: $422,376

RUSSO AND STEELE
Cumulative Total through Friday: $6.6M
233/377 lots sold: 62% sell-through rate
Average Sale Price: $28,338

Overall Top 10 Sales:

  1. 1988 Ferrari Testarossa Coupe sold for $112,750
  2. 1965 Buick Riviera GS Sport Coupe sold for $97,900
  3. 1965 Chevrolet Corvette Custom Coupe sold for $78,100
  4. 2010 Aston Martin Rapide Sedan sold for $74,800
  5. 1967 Lincoln Continental Convertible sold for $72,600
  6. 1993 Mercedes-Benz 500E Sedan sold for $72,600
  7. 1997 Porsche 911 Carrera Cabriolet sold for $71,500
  8. 1964 Chevrolet Corvette Convertible sold for $71,500
  9. 1968 Oldsmobile 4-4-2 W-30 Convertible sold for $66,000
  10. 1998 Ferrari F355 Spider Convertible sold for $66,000

Friday total: $3.9M
101/181 lots sold: 56% Sell-Through Rate
Average Sale Price: $38,416

Top 10 Friday Sales:

  1. 1988 Ferrari Testarossa Coupe sold for $112,750
  2. 1965 Chevrolet Corvette Custom Coupe sold for $78,100
  3. 2010 Aston Martin Rapide Sedan sold for $74,800
  4. 1967 Lincoln Continental Convertible sold for $72,600
  5. 1993 Mercedes-Benz 500E Sedan sold for $72,600
  6. 1997 Porsche 911 Carrera Cabriolet sold for $71,500
  7. 1964 Chevrolet Corvette Convertible sold for $71,500
  8. 1968 Oldsmobile 4-4-2 W-30 Convertible sold for $66,000
  9. 1998 Ferrari F355 Spider Convertible sold for $66,000
  10. 2004 Porsche 911 Turbo Cabriolet sold for $64,900

2017 Results through Friday
Cumulative $9.5M
302/415 lots sold: 73% sell-through rate
Average Sale Price: $31,495

SILVER
Cumulative Total Through Friday: $1.3M
95/204 lots sold: 47% sell-through rate
Average Sale Price: $13,880

Overall Top 10 Sales:

  1. 1962 Buick Electra 225 Sport Coupe sold for $76,680
  2. 1966 Chevrolet Corvette Coupe sold for $41,040
  3. 1966 Chevrolet Nova SS Sport Coupe sold for $29,160
  4. 1932 Ford Model B Roadster sold for $28,080
  5. 2005 Cadillac XLR sold for $28,080
  6. 1964 Chevrolet Impala Convertible sold for $28,080
  7. 1956 Ford Customline Ranch Station Wagon sold for $26,730
  8. 1959 Chevrolet Bel Air sold for $24,030
  9. 1959 Pontiac Bonneville Sport Coupe sold for $23,760
  10. 2006 Toyota Land Cruiser Sport Utility Vehicle 4x4 sold for $23,760

Friday Total: $1.1M
72/144 lots sold: 50% sell-through rate
Average Sale Price: $16,001

Friday Top 10:

  1. 1962 Buick Electra 225 Sport Coupe sold for $76,680
  2. 1966 Chevrolet Corvette Coupe sold for $41,040
  3. 1966 Chevrolet Nova SS Sport Coupe sold for $29,160
  4. 1932 Ford Model B Roadster sold for $28,080
  5. 2005 Cadillac XLR sold for $28,080
  6. 1964 Chevrolet Impala Convertible sold for $28,080
  7. 1956 Ford Customline Ranch Station Wagon sold for $26,730
  8. 1959 Chevrolet Bel Air sold for $24,030
  9. 1959 Pontiac Bonneville Sport Coupe sold for $23,760
  10. 2006 Toyota Land Cruiser Sport Utility Vehicle 4x4 sold for $23,760

2017 Results through Friday
Total: $1.8M
130/277 lots sold: 47% sell-through rate
Average Sale Price: $13,686

WORLDWIDE AUCTIONEERS
Total: $6.0M
49/82 lots sold: 60% sell-through rate
Average Sale Price: $121,560

Overall Top 10 Sales:

  1. 1938 Mercedes-Benz 320 Cabriolet sold for $420,000
  2. 1971 Plymouth Cuda Hardtop Coupe sold for $418,000
  3. 1965 Shelby GT350 Fastback sold for $352,000
  4. 1923 Duesenberg Model A Touring sold for $346,500
  5. 1957 Kurtis Kraft 500G Indy Car sold for $308,000
  6. 1939 BMW 327 Cabriolet sold for $253,000
  7. 1953 Chevrolet Corvette Roadster sold for $250,000
  8. 1965 Rolls-Royce Silver Cloud III HJ Mulliner Drop Head Coupe sold for $244,750
  9. 1959 Maserati 3500GT Coupe sold for $217,250
  10. 1962 Jaguar E-Type SI 3.8 Flat Floor Roadster sold for $215,000

2017 Results
Total: $11.4M
64/82 lots sold: 78% sell-through rate
Average Sale Price: $177,816