Market Intelligence
2023. A solid and healthy market. International auctions say so
2023's international auctions set records: 2.3% cars sold above $1M, $1.7B turnover, $150K average price. Quality triumphs over quantity, signaling a positive trend in discerning buyers and solid investment in collectible cars.
The performance of major international auctions serves as an excellent barometer for market trends. To get an idea of what 2023 represented, let’s consider three aspects: the trend of total turnover, average car sale prices, and the number of cars sold above one million Dollars/Euros.
It’s important to note that the data we refer to does not include online auctions. The reason is a practical one: while in-person auctions allow for precise data collection at the event’s conclusion, online auctions publish results in their financial statements, so these won’t be available until spring.
