Market Intelligence
Storms and chilly breezes in Arizona: RM and Bonhams rather battered, Barrett-Jackson healthy
Scottsdale's auction scene sees a resurgence with Barrett-Jackson dominating, while RM and Bonhams face setbacks. High-profile sales include a Bugatti Chiron and a record-breaking Mercedes-Benz 300SL.
Is there a chill in Arizona, or has the clock turned back, restoring Scottsdale to its original glory as a major auction hub for relatively commercial vehicles with an average price around £100,000, firmly under Barrett-Jackson’s steady control?
The modest, to put it kindly, results of RM and Bonhams call for a cautious interpretation: in the aftermath of Kissimmee’s excess and anticipating Retromobile, we remain quietly at the window. However, it’s true that RM’s revenues have fallen from around $40m in 2023 to just $22,746,760.
