Broad Arrow in California and Bonhams in Miami: the Grand Prix is sometimes not enough.

Location, location, location. Any real estate agent will tell you that the first three factors in appraising a house are "location, location, location". The same house on a prestigious street is worth more than another in a working-class area. One can think about this when comparing the results of these two auctions. Broad Arrow held its auction on April 27 during Air|Water in California, a very cool Porsche Club America event. Bonhams ran its auction on the same weekend as the Miami GP on May 4. The two events brought different clients to the two auctions and the results are evident.