It’s been a rough few years for the collector car hobby, as the economic downturn…
Top 10 sales at Amelia Island 2010
Despite rumors to the contrary, there’s plenty of demand for two auctions and a concours on Amelia Island in mid-March. This year, Gooding made a splash with its inaugural auction, RM continued its record of success at the Ritz, and the beautiful cars at the concours dropped a record number of jaws.
RM had a very strong sale Saturday, selling more than $19 million – very close to a record for an Amelia Island sale (they did $21M in 2006) – with an impressive sell-through rate of 88 percent. A lot of people were worried that with the addition of the Gooding auction that the results would suffer, but there was no evidence of oversaturation of cars. Gooding had a strong sale Friday totaling just over $16.1 million, with 58 of 71 lots sold. While some lots sold for a bit less than the pre-sale estimates, Dave Kinney of Hagerty’s Cars That Matter thought that the prices realized were in line with the market. In his words, “they sold for retail price.”