January kicked off collector-car auction season with a big bang and big dollars. Following Mecum’s $275M haul in Kissimmee, Florida mid-month, the traditional Arizona auctions added about $245M more to the tally, with $200M of that from Barrett-Jackson’s no-reserve sale in Scottsdale. Bonhams, though, had the highest-priced auction sale in Arizona, with $5.175M buying a Bugatti Chiron Super Sport 300+ (as in 300+ mph test-track capability) for a car with just Bugatti’s test and delivery miles.
Will the new Mercedes-Benz CLE be the last of this German luxury car maker’s gas-fueled coupes and convertibles? Based on the new C-Class chassis, the new CLE essentially replaces the somewhat larger E-Class coupe and Cabriolet and offers the promise of more athleticism than those cars. The CLE will cover a wide gamut in price and performance, starting at $65,000 for the base CLE300 coupe 4MATIC and going well beyond that with optioned-up versions of the six-cylinder CLE450 Cabriolet. Future AMG versions are sure to offer more power and excitement, for more money, of course.
What does $400 million buy today? It was enough to take home about 1,200 of the world’s finest collector cars offered at the 2023 Monterey auctions held from August 17-19. That was down from $475M in 2022, and the sell-through rate was lower, too. Just the same, some stellar automobiles traded hands in Monterey at auctions held by Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s. The top sale was a 1967 Ferrari 412P racecar for $30.2M at Bonhams, while a 1957 Jaguar XKSS, one of just 16 made, was #2 at just over $13M.
If you’re lucky enough to purchase one of the 275 AMG One models that Mercedes-Benz plans to produce, you may have to keep the car at your European villa. This $2.7 million carbon fiber body supercar, derived from the F1 racer, will not be sold in the United States. Learn all about what the AMG-One buzz is about.
By all accounts, the auctions at The Amelia — now under the ownership of Hagerty — were a grand success, with the sales from RM Sotheby’s, Bonhams and Gooding & Company totaling nearly $126M. Notably, a 1937 Talbot Lago set a world record price for the marque and for French cars at $13,425,000
A few Scottscale Auction highlights: a record $6.8 million for a 1955 alloy-body Mecedes-Benz 300 SL Gullwing; a $335,000 sale of the 1949 “Rain Man” Buick Roadmaster convertible; and $775,000 for a rebuilt Duesenberg Model J engine – yes, just the engine. Read all the highlights here
If you paid $1.32 million for a 2018 Ford GT Heritage Edition with only 7 miles on the odometer, would you drive that car? That was just one of the very low-mileage dream cars that sold at Mecum’s live auction in Kissimmee, Florida. Mecum’s total sales of $217 million (with a 90% sell-through rate) marks the first collector car auction to surpass $200 million for a single event. Read about the top selling cars.
Having trouble deciding which car to bid on at RM Sotheby’s Scottsdale auction? Premier’s professionals have provided you with their personal favorites…including a 1981 DeLorean DMC-12 from “Back to the Future” movie fame. You’ll need to supply the Flux Capacitor. We’ll supply the lease financing.
The SLS AMG, the successor to the legendary Mercedes 300 SL Gullwing, has been described as “a beauty with a touch of brute.” At its Scottsdale auction, Gooding & Company will offer a single-owner 2011 SLS AMG with only 3,000 miles on the odometer. The pre-sale estimate is $175k – $225k. Give Premier a call, so you’re prepared to bid on this beauty.
