At the 2015 Scottsdale, Arizona classic car auctions, six auction houses offered nearly 3,000 collector cars for sale and earned nearly $300 million. Barrett Jackson alone sold 1,600 vehicles. RM Auctions set a new record high price for the auction week with a $9.6 million Ferrari and the highest per car price of $559,000. In total, 42 cars achieved results in excess of a million dollar each.
Scottsdale / Arizona 2015 Auction Houses
The annual mid-January 2015 is the largest collector car auction week in the world. While the mid-summer Monterey classic car week attract the largest number of million-dollar plus cars, Scottsdale have a much higher volume.
In 2015, a total of 2,939 collector cars were offered for sale at the Arizona week. The sell-through rate was 86% with the average price per car of $115,729. In 2014, 2,815 cars were on offer of which 82% sold for an average price of $107,096.
The big five auction houses at Scottsdale and Arizona in 2015 performed as follows:
Auction House | Total Earnings ($ million) | Cars Offered | Cars Sold | Sell-Through % | Average Price ($) | Million $ + |
Barrett Jackson | 132 | 1617 | 1611 | 99% | 82,518 | 9 |
RM Auctions | 64 | 127 | 114 | 89% | 558,775 | 17 |
Gooding & Co | 52 | 126 | 114 | 91% | 451,900 | 11 |
Bonhams | 25 | 84 | 73 | 87% | 340,058 | 4 |
Russo and Steele | 17.2 | 661 | 414 | 63 | 41,612 | 1 |
Top Auction Houses at 2015 Scottsdale and Arizona Sales
Barrett Jackson remained the leader in volume and impressively too the best sell-through rate. Barrett Jackson had the auction spread over a ten-day collector car extravaganza and deservedly had the highest takings too. During Scottsdale 2015, Barrett Jackson also collected nearly $9 million for charity.
RM Auctions set the new auction week record for Scottsdale with $9,625,000 for a 1964 Ferrari 250 LM. RM Auctions 2015 Arizona sale achieved results in excess of a million dollar for 17 cars and the highest auction average per car of $558,775.
Gooding & Co had an even higher sell-through rate but average $451,900 per car and sold 11 cars in excess of a million dollar. Surprisingly, only one of four Mercedes Benz 300 SLs cleared the reserved margin.
Bonhams had the second-highest result ever at Scottsdale when selling a 1966 Ferrari 275 GTB Competizione for $9,405,000. Bonhams was unfortunate that three Ferraris fell just short of the reserve near $3 million – deals were certainly possible but traditionally, Bonhams (as RM and Gooding) does not include any post-hammer deals in results.
Russo and Steele had 661 cars on offer but with a low 63% sell-through rate for an average price per car of $41,612. Its top result was $1,4 million for a 1955 Mercedes Benz 300 SL Gullwing.