Market Intelligence
RM Sotheby’s Phoenix Auction: Record Sales for Classic Cars and Youngtimers
The RM Sotheby’s auction in Phoenix set records with a 93.18% sell-through rate and $31.2M in sales. Highlights included a $3.77M Ferrari 250 GT Berlinetta and a $758.5K Audi Quattro Sport. The event spanned youngtimers, pre-war, and classic icons.
Imagine this: The RM Sotheby’s auction in Phoenix, Arizona, taking place on January 24 and every single lot finds a buyer. It continues, sale after sale, all the way to the 66th lot! I can’t recall anything like this in recent years: A sequence of successes lasting nearly three hours.
The success is confirmed by the numbers: 88 cars offered this year, compared to 83 last year, with 82 sold — 93.18% (compared to 77.11% in 2024). The total amount sold was also impressive, nearly reaching 100% of the estimate: $31,615,000 offered and $31,226,360 sold, with the average price climbing from $355,418 in 2024 to $380,809 this year. Meanwhile, the percentage of no-reserve lots also increased, from 47% to 62.5%.
