Market Intelligence
Broad Arrow and Mecum: So Different, So Interesting
Cliff Goodall explores two distinct American auctions—art and modern cars—united by passion. Broad Arrow shines, Mecum prevails.
It’s hard to imagine a sale like Broad Arrow’s in San Francisco on February 15, with 104 cars, all very original because they came from the Academy of Art University — one of the most prestigious art and design schools in the United States — and all offered with no reserve.
With a total value of $12,635,000 and a turnover of $14,233,420, and an average price just under $137,000, it was a great success supported by a not insignificant psychological element: the cars were used by students for inspiration during their studies. In other words, these were cars that had inspired — through their design and interior solutions — countless new industrial design proposals. That’s why this collection had a value that went beyond the economic.
