Market Intelligence
A river of millions in Scottsdale
The Arizona auctions saw impressive results, with RM making $44.7 million, Barrett-Jackson making $182.9 million, and Bonhams making $30.4 million in sales. Despite slightly lower average prices for some auction houses, all customary sales percentages were high and stable. Notable sales included a Lamborghini Diablo VT, a Chevrolet Corvette ZL1, and a Maserati MC12. The auctions also featured a triptych of Italian-American hybrids, which each set a new record, with the 1957 Chrysler-Ghia Super Dart 400 selling for $819,000.
The week in Arizona changed its formula: fewer cars but of higher quality: RM in a single day (26th January) made $44,736,340 (€41,112,695) in sales, up from last year’s $42 million, while Barrett-Jackson closed the Scottsdale events (lasting seven days from 23rd to 29th January) with $182,948,970 (€168,130,105) in takings, here a slight decrease compared to the $196 million it achieved in 2022 but we need to factor in that last year’s event was the first real edition after a three-year stop. Bonhams seems unstoppable: the $11.7 million from last year pales in comparison to this year’s $30,430,520 (€27,965,645) result.
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