In mid-January, car enthusiasts from around the world gathered in Scottsdale, Arizona to participate in what is becoming the second-largest car event in the United States. The week is also considered by many to be the defining event for the upcoming year’s market strength, and all indications point to a recovering economy, strong markets, record-breaking sales and bright prospects for 2014.
Representing Premier Financial Services during the Scottsdale auctions were Doug Ewing, Vice President of Sales, Michelle Yancey, Southwest Sales Manager and Juan Garcia, West Coast Sales Manager. They enjoyed perfect Arizona weather while visiting with customers and dealers from across the country. They reported auctions packed with prospective buyers and energy in the crowds that promised vigorous bidding and high prices. Not to disappoint, this year broke all records in total sales for the participating auction houses and set records for highline collector automobiles and mainstream American muscle cars.
The week generated $249 million in gross sales, a $25 million/11% increase over 2013. Taking top honors for a single sale was RM Auctions with its $8.8 million for the 1958 Ferrari 250 GT California LWB Spyder. This comes on the heels of another record-breaking Ferrari sale for RM during the 2013 Monterey Car Week, when its $9.075 million 1953 Ferrari 375 MM by Pinin Farina stole the show. Gooding & Company took second-place honors with its $6.2 million 1958 Ferrari 250 GT Cabriolet.
But Scottsdale wasn’t all exotics and rare collector automobiles; it’s a showplace for unique custom cars and classic American muscle such as Shelbys, SS Chevelles, 389 GTOs, Corvettes and Camaros. There is something for everyone in Scottsdale. If you love all things automotive and the thrill of great auctions, put Scottsdale on your calendar for January 2015.
Browse the auction results from RM Auctions, Gooding & Company, Barrett-Jackson and Russo & Steele.