Arizona Auction Week 2020

Revised results for Arizona Auction Week 2020 beat year-ago totals


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Spirits are high during bidding for a Mercedes-Benz 300SL at Russo and Steele | Howard Koby photo

There was much trepidation going into Arizona Auction Week 2020 following the bummer results from the Monterey collector car sales in August, when gross figures were down by nearly a third, and after a disappointing 2019 in general.  

But
the numbers are in (mostly) and the overall results for Arizona’s collector car
extravaganza and its unprecedented 8 auctions has risen to $252 million,
beating last year’s cumulative total of $251.2 million. 

The increase from the previous unofficial total of $244.1 million came as 5 of the 8 auction houses released their official results, which often rise with post-block sales and other adjustments.

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A 1995 Ferrari F50 at Gooding was the week’s highest sale at $3.2 million | Bob Golfen photo

Granted,
there were 574 more cars sold this year than last, a 17 percent boost, and one
more auction added to the busy schedule. But still, it’s a victory for the
Arizona auctions, which tend to set the tone for the coming year. 

The strength of the market going into the new year, the Arizona results show, is in the broad middle and lower end of the collector car spectrum, with fewer high-dollar cars being offered and many of them failing to reach expectations.

Barrett-Jackson comprised the bulk of the results by sheer volume, with their largest docket ever, more than 1,900 vehicles, sold over a seven-day period.  The sell-through rate was 99.9 percent, which is a striking indication of Barrett-Jackson’s customary no-reserve format.

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The $3 million Corvette on the auction block | Barrett-Jackson photo

The company reported its highest results ever, with total sales of $141 million for the vehicles, automobilia and 9 charity cars, which reached $7.825 million including the $3 million winning bid for the first mid-engine 2020 Chevy Corvette.

Only
one car at Barrett-Jackson was offered with a minimum reserve price, a
high-value 2015 Porsche 918 Spyder that rolled off the block unsold after
failing to meet the reserve.

Other auctions reporting their final numbers are:

Gooding & Company, which scored $36.17 million sales and had the highest result of Arizona week, $3.2 million for a 1995 Ferrari F50 coupe.

RM Sotheby’s, with $30.4 million in sales.

Russo and Steele, with $10.7 million in sales, an increase from initial reports of $8 million.

Leake Auctioneers, the newcomer at Arizona Auction Week, which reported sales of $17 million.

Leake posted solid results for an Arizona newbie | Leake photo

While the 3 other auction houses provided releases reporting their dockets of individual sales, none in this group has provided its official total.

The unofficial results from these auctions, compiled by staffers from the Hagerty collector car insurance and valuation company, were reported as:

Bonhams, with $8.4 million in total sales, down nearly a half from its 2019 auction.

MAG Auctions, which took over the annual Silver Arizona sales for the first time this year, $1.7 million.

Worldwide Auctioneers, whose boutique sale of just 98 cars reached $6.1 million.

The
final official tally could rise as these auction companies release their
official numbers. Overall, however, Arizona Auction Week has provided an upbeat
start to the car collecting year.

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Arizona Auction Week 2020

Barrett-Jackson scales new heights with record-setting Scottsdale sale


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A 2017 Ford GT on the crowded auction stage | Barrett-Jackson photos

Led by the much-anticipated charity sale of the first-production 2020 mid-engine Chevrolet Corvette, Barrett-Jackson scored the highest-grossing collector car auction in its history during the 49th annual Scottsdale sale.

The total was more than $141 million (including auction fees), with $129.7 million from its largest-ever docket of more than 1,900 vehicles, $7.625 million raised through the sale of 9 charity cars, including the Corvette, and $3.7 million for the sale of more than 1,200 pieces of automobilia. 

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A 1960 Cadillac Eldorado convertible sold for $110,000

Everything was super-sized for Barrett-Jackson’s signature home-base 2020 auction that continues to dominate Arizona Auction Week, which also hit a record this year with eight collector car auctions taking place.   The unofficial cumulative total for those auctions was $244.1 million.

Barrett-Jackson offerings included 180 collector vehicles from a record 9 collections.  The most-ever registered bidders competed during a full 7 days of auctioneering.  The event had a sell-through rate of 99.9 percent for the overwhelmingly no-reserve auction, with just one vehicle failing to sell.

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A Modena that stood in for a Ferrari California in ‘Ferris Bueller’s Day Off’ sold for $396,000

The auction
served as the start of Barrett-Jackson’s yearlong celebration of the “Road to
50,” which ramps up to the Scottsdale auction’s half-century in 2021.

“We kicked
off our ‘Road to 50’ in Scottsdale with our foot planted on the accelerator,” company
chief executive Craig Jackson said in a news release. “Our sponsors,
consignors, bidders and guests made this week’s auction epic.”

Among the special auction features this year was the Paul Walker collection of cars and other vehicles that were owned by the late Fast and Furious actor.  Topping these was his group of 1990s BMW M3 coupes, including five of the rare competition lightweights.  One of them, a 1995 M3 Lightweight, sold for $385,000, more than double the previous auction record.

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The record-selling 1995 BMW M3 Lightweight

The $3
million sale of the 2020 Corvette Stingray VIN 001 was one for the books, with
General Motors chairman Mary Barra appearing on the auction stage to help sell
the landmark car, which GM donated for the event.   The car was purchased by Rick Hendricks, the
North Carolina mega car dealer and NASCAR team owner who is a regular buyer of
Barrett-Jackson charity offerings. 

 “Reaction to the mid-engine Corvette was incredible,” Barra said. “It’s both humbling and exciting to harness that success and support the local community through the Detroit Children’s Fund.”

The $3 million Corvette C8 on the block

Barrett-Jackson’s second-highest Scottsdale result was also a charity sale and
also a first-production model, a 2021 Lexus LC 500 Inspiration Series
convertible that went for $2 million to benefit the Boys & Girls Clubs of
America. 

All proceeds
from Barrett-Jackson charity sales go directly to the chosen beneficiary.  The auction company has raised more than $126
million over the years for worthy causes.

“This was absolutely the most phenomenal Scottsdale Auction in Barrett-Jackson’s history,” said Steve Davis, president of Barrett-Jackson. “But what really elevated this Scottsdale Auction to the next level was the wonderful generosity of the many consignors and bidders who opened their hearts to help us raise $7.625 million for charity. What an incredible feeling to know that the collector car community is having such a positive impact on the lives of people across the country who need our help.” 

barrett-jacksonbarrett-jackson
The 2020 John Force COPO Camaro sold for charity

Other charity sales included that of a 1968 Plymouth GTX custom by Chip Foose and owned by TV personality Chris Jacobs, which sold for $300,000 to benefit the C4 Foundation, and a custom 1981 Jeep CJ7 that was sold and re-donated on the block three times for a total of $425,000 raised to benefit the Make-A-Wish Foundation.

“Special
guest 13-year-old Make-A-Wish recipient Will Wade fulfilled his wish by
accompanying Craig Jackson on the block and hammering in the final sale of the
Jeep,” Barrett-Jackson noted.

Also selling for charity were a 1997 Chevrolet Monte Carlo Winston Cup NASCAR Race Car that sold for $250,000 to benefit the Arizona Animal Welfare League; a 2020 Chevrolet  COPO Camaro John Force Edition that sold for $600,000 to benefit DonorsChoose.org; a custom 1963 Volvo Amazon coupe that sold for $150,000 to benefit the SEMA Memorial Scholarship Fund; 1974 Ford Bronco Custom SUV that sold for $650,000 to benefit the Ryan Blaney Family Foundation; and a 1965 Superformance MKII custom Cobra replica that sold for $200,000, with an addition donation of $50,000, to benefit TGen Foundation. 

A 1969 Chevrolet Camaro COPO Sport Coupe was highest-selling vintage car

Barrett-Jackson’s highest-selling non-charity cars were a pair of modern
American exotics, 2017 Ford GTs, one selling for $1.485 million, the other for
$1.182 million.  Three of the other cars
on the auction’s top-10 seller list were low-mileage 2005-2006 Ford GTs, two of
which sold for $440,000 and one for $451,000.

Just two vintage collector cars cracked the top-10, a 1969 Chevrolet COPO Camaro ZL1, which achieved $1.095 million, and a 1963 Aston Martin DB5 that went for $660,000.

To see the full list of Barrett-Jackson Scottsdale results, visit the auction website.

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Arizona Auction Week 2020

Arizona auctions do well when prices are in thousands, not millions | ClassicCars.com Journal


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This 1980 Rolls-Royce Corniche formerly owned by entertainer Dean Martin sold for $110,000 Sunday at the Barrett-Jackson auction in Scottsdale, Arizona | Barrett-Jackson photo

Editor’s note: This is the last in a series of daily Arizona Auction Week 2020 sales reports from Hagerty, the collector car insurance and value-tracking company that staffs each auction venue. As soon as the auction companies post their final results, including any post-block sales, we’ll post a final wrap up on the week.

The 2020 Arizona Auction Week — a “week” that actually encompasses 10 days — concluded Sunday with $244.1 million in overall sales. This is a 3 percent decrease from the $251 million figure in 2019 despite an additional 574 cars being sold (a 17 percent increase). There also were 8 auctions in 2020 compared to 7 in 2019.

Highest bid hammered sold during the Arizona auctions this year was the $3,222,500 paid for this 1995 Ferrari F50 at Gooding & Company. But that amount was far less than the top sale has been in Arizona in recent years | Bob Golfen photo

The takeaway for many is that the dramatic drop witnessed this past summer at the Monterey auctions was not repeated in Arizona, but there are plenty of devils in the details. Most important is vehicle condition. Finely presented and rare cars sold extremely well, but there were relatively few of those in the Arizona auction tents. 

Vehicles in #1 and #2 condition (“excellent” and “concours”) represented less than half the offerings — the lowest ratio Hagerty has observed in more than 5 years. Bidders, being more cautious, passed on common vehicles with visible needs unless the price was sufficiently discounted. Sell-through rate was 77 percent (compared to 81 percent in 2019), and the average price slipped to $81,534.

Cars over $1 million at first blush seemed to have an easier time of it in Arizona; sell-through rate increased to 73 percent, from 43 percent in 2019. However, much of the improvement has to do with sellers’ and auction companies’ newfound caution in bringing such high-dollar rides to market. There were 25 percent fewer million-dollar cars on offer compared to last year, and most sold below Hagerty Price Guide values. (For the first time since 2012, no vehicle at the Arizona auctions sold for more than $5 million.)

The challenging environment for the most expensive cars partly has to do with what’s going on in the larger economy — the tide of investment dollars that flowed into this segment following the Great Recession has clearly slowed, and a tax advantage that allowed collectors to roll gains from car sales into other cars has been eliminated. 

But as with the rest of the collector car market, condition and provenance matters. Today’s cautious buyers will pay top dollar, but only for the best and rarest cars. Bonhams’ Alfa Romeo 8C 2300, the most expensive unsold car of the week, had a replacement engine, but a Hispano-Suiza J12 at Gooding & Company that hadn’t been sold publicly in recent memory had no trouble beating its high estimate to bring $2.4 million. 

Even as parts of the market slide, others shine. SUVs and trucks continue to perform well — 77 percent sold on or above Hagerty Price Guide values, about the same as last year. Barrett-Jackson sold a 1989 Jeep Grand Wagoneer with 8,000 miles for $110,000, which was approximately triple its condition-appropriate value. 

There was also plenty of buzz around Dodge Vipers. Early RT/10s in excellent condition brought nearly 40 percent above expected results based — and that’s not including Lee Iacocca’s Viper, which sold for $285,500, a 

Ford GTs from 2005-06 also brought strong prices, the best being a 2005 example in a non-standard combination of Midnight Blue with silver stripes for $451,000 at Barrett-Jackson. 

And although American muscle cars and resto-mods remain the stars of Scottsdale, modern classics from Europe and Japan also did well. Barrett-Jackson sold a 1990 Toyota Supra Mk III Turbo with less than 100 miles for a record $88,000. The Paul Walker collection offered by Barrett-Jackson contained five 1995 BMW M3 Lightweights, with the lowest-mile example selling for $385,000.

It’s clear we have a collector car market that’s cooled from the highs of the previous decade, especially at the top. Yet for most car collectors — that is, those who buy cars for thousands, rather than millions of dollars — Arizona  was business as usual. Barrett-Jackson drew more than 5,600 bidders and enjoyed its highest grossing week ever. Long-term owners are still realizing gains. (In the current market, owners have typically reached break-even after three years of ownership.) 

And, as always, the best cars continued to appreciate. But price-sensitive buyers should be aware of the chill that has set in upmarket, as it could creep downward. Knowing what you’re buying and buying for enjoyment are two strategies that are as important today as ever.

Listed below are the raw results witnessed by Hagerty during the live auctions and may not include any post-block sales. Figures reported include the appropriate buyer’s premiums. 

Arizona Auction Week 2020

Overall results through Sunday, January 19

Total sales at 8 auctions: $244.1 million

2,994/3,867 lots sold; 77 percent sell-through

Average sale price: $81,534

2019 results

Total sales at 7 auctions: $251.2 million

2,662/3,295 lots sold; 81 percent sell-through rate

Average sale price: $94,374

Overall top-10 sales 

  1. 1995 Ferrari F50 Coupe sold for $3,222,500 (Gooding & Company)
  2. 2020 Chevrolet Corvette Stingray Coupe sold for $3,000,000 (Barrett-Jackson)*
  3. 1932 Hispano-Suiza J12 Dual Cowl Phaeton sold for $2,425,000 (Gooding & Company)
  4. 2018 Pagani Huayra Roadster sold for $2,370,000 (RM Sotheby’s)
  5. 1948 Tucker 48 Sedan sold for $2,040,000 (Gooding & Company)
  6. 2021 Lexus LC 500 Convertible sold for $2,000,000 (Barrett-Jackson)*
  7. 1967 Ferrari 330 GTS Spider sold for $1,985,000 (Gooding & Company)
  8. 1972 Ferrari 365 GTS/4 Daytona Spider sold for $1,930,000 (Gooding & Company)
  9. 1951 Ferrari 212 Inter Cabriolet sold for $1,930,000 (Bonhams)
  10. 1967 Ferrari 330 GTS Spider sold for $1,710,000 (RM Sotheby’s)

* Charity car

Results by auction company

BARRETT-JACKSON

2020 total sales: $137,1 million

1,908/1,909 lots sold: 99.9 percent sell-through rate

Average sale price: $71,833

Top-10 sales:

  1. 2020 Chevrolet Corvette Stingray Coupe sold for $3,000,000*
  2. 2021 Lexus LC 500 Convertible sold for $2,000,000*
  3. 2017 Ford GT Coupe sold for $1,485,000
  4. 2017 Ford GT Coupe sold for $1,182,500
  5. 1969 Chevrolet Camaro COPO Sport Coupe sold for $1,094,500
  6. 2019 McLaren Senna Coupe sold for $946,000
  7. 1963 Aston Martin DB5 Saloon sold for $660,000
  8. 1974 Ford Bronco Custom SUV sold for $650,000
  9. 2020 Chevrolet Camaro COPO John Force Drag Car sold for $600,000*
  10. 2003 Saleen S7 Coupe sold for $467,500

* Charity car

2019 results:

Total sales: $119.0 million

1,627/1,628 lots sold: 99 percent sell-through rate

Average sale price: $73,090

BONHAMS

2020 total sales: $8.4 million

88/108 lots sold: 81 percent sell-through rate

Average sale price: $95,872 

Top-10 sales:

  1. 1951 Ferrari 212 Inter Cabriolet sold for $1,930,000
  2. 1955 Lancia Aurelia B24 Spider America sold for $810,000
  3. 1924 Rolls-Royce Silver Ghost Piccadilly Special Roadster sold for $368,000
  4. 1995 Ferrari F512 M Coupe sold for $313,000
  5. 2005 Ford GT Coupe sold for $285,500
  6. 1992 Dodge Viper RT/10 Roadster sold for $285,500
  7. 1972 Ferrari Dino 246 GTS Spider sold for $280,000
  8. 1960 Alfa Romeo 2000 Spider sold for $154,000
  9. 1901 Winton 8 HP Runabout sold for $142,800
  10. 1912 Winton Six 48 HP Touring sold for $140,000

2019 Results

Total sales: $16.1 million

108/120 lots sold: 90 percent sell-through rate

Average sale price: $149,070

GOODING & COMPANY

2020 total sales: $35.8 million

122/137 lots sold; 89 percent sell-through rate

Average sale price: $293,501

Top-10 sales:

  1. 1995 Ferrari F50 Coupe sold for $3,222,500
  2. 1932 Hispano-Suiza J12 Dual Cowl Phaeton sold for $2,425,000
  3. 1948 Tucker 48 Sedan sold for $2,040,000
  4. 1967 Ferrari 330 GTS Spider sold for $1,985,000
  5. 1972 Ferrari 365 GTS/4 Daytona Spider sold for $1,930,000
  6. 1960 Ferrari 250 GT Cabriolet SII sold for $1,462,500
  7. 1968 Lamborghini Miura P400 S Coupe sold for $1,242,500
  8. 2014 McLaren P1 Coupe sold for $1,160,000
  9. 1970 Porsche 914/6 GT Targa sold for $995,000
  10. 1958 Mercedes-Benz 300SL Roadster sold for $940,000

2019 Results:

Total sales: $48.1 million

105/124 lots sold: 85 percent sell-through rate

Average sale price: $458,458

LEAKE AUCTIONS

2020otal sales: $16.6 million

357/674 lots sold: 53 percent sell-through rate

Average sale price: $46,574

Top-10 sales:

  1. 2012 Lexus LFA Coupe sold for $429,000
  2. 1957 Chrysler 300C Convertible sold for $357,500
  3. 1958 Dual-Ghia Hemi Convertible sold for $330,000
  4. 1960 Chrysler 300F Convertible sold for $319,000
  5. 1968 Chevrolet Corvette Coupe sold for $275,000
  6. 1959 Chrysler 300E Convertible sold for $242,000
  7. 1958 Cadillac Eldorado Biarritz Convertible sold for $222,200
  8. 1962 Chevrolet Corvette Custom Convertible sold for $220,000
  9. 1958 Pontiac Bonneville Convertible sold for $220,000
  10. 1958 Cadillac Eldorado Biarritz Convertible sold for $216,700

2019 results:

2020 was Leake’s first year in Arizona

MAG AUCTIONS

2020 total: $1.7 million

98/326 lots sold: 30 percent sell-through rate

Average sale price: $17,846

Top-10 sales:

  1. 1968 Shelby GT500 KR Fastback sold for $167,400
  2. 1970 Ford Mustang Boss 302 SportsRoof  sold for $64,800
  3. 1934 Pierce-Arrow Model 836A Sedan sold for $47,520
  4. 1968 Dodge Charger Hardtop Coupe sold for $44,820
  5. 2007 Bentley Continental GTC Convertible Coupe sold for $44,280
  6. 1966 Chevrolet Chevelle Clone Sedan sold for $43,740
  7. 1966 Chevrolet Chevelle Custom Sedan sold for $43,200
  8. 1972 Chevrolet C10 1/2 Ton Pickup sold for $43,200
  9. 1937 Buick Special Model 46-C Convertible Coupe sold for $41,040
  10. 1933 Factory Five Hot Rod Roadster sold for $39,690

2019 results

Total: $2.5 million

139/384 lots sold: 36 percent sell-through rate

Average sale price: $17,816

RM SOTHEBY’S

2020 total sales: $30.3 million

127/142 lots sold: 89 percent sell-through rate

Average sale price: $238,507

Top-10 sales:

  1. 2018 Pagani Huayra Roadster sold for $2,370,000
  2. 1967 Ferrari 330 GTS Spider sold for $1,710,000
  3. 1971 Lamborghini Miura P400 SV Coupe sold for $1,391,000
  4. 1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,270,000
  5. 1930 Cadillac Series 452 Fleetwood Sport Phaeton, 5-p. sold for $1,105,000
  6. 2008 Bugatti Veyron 16.4 Coupe sold for $1,105,000
  7. 1937 Mercedes-Benz 540K Hebmuller Coupe sold for $995,000
  8. 1957 Mercedes-Benz 300SL Roadster sold for $973,000
  9. 2017 Ford GT Coupe sold for $923,500
  10. 2005 Porsche Carrera GT Coupe sold for $786,000

2019 results

Total sales: $36.8 million

129/154 lots sold: 84 percent sell-through rate

Average sale price: $285,448

RUSSO AND STEELE

2020 total sales: $8.0 million

251/513 lots sold: 49 percent sell-through rate

Average sale price: $31,998

Top-10 sales:

  1. 1956 Porsche 356A Speedster sold for $258,500
  2. 1989 Mercedes-Benz 560SEC Wide Body Coupe sold for $253,000
  3. 1970 Plymouth Road Runner Superbird Hardtop Coupe sold for $214,500
  4. 1966 Shelby GT350 Fastback Sedan sold for $156,750
  5. 1973 Lamborghini Espada 400 GTE SIII Coupe sold for $154,000
  6. 1959 Chevrolet Corvette Resto Mod Convertible sold for $126,500
  7. 2013 McLaren MP4-12C Spider sold for $118,250
  8. 1958 DeSoto Firesweep Convertible sold for $115,500
  9. 2008 Lamborghini Gallardo Superleggera Coupe sold for $115,500
  10. 1990 Ferrari Testarossa Coupe sold for $110,000

2019 results:

Total sales: $11.8 million 

308/621 lots sold: 50 percent sell-through rate

Average sale price: $38,464

WORLDWIDE AUCTIONEERS

2020 total sales: $6.1 million

42/55 lots sold: 76 percent sell-through rate

Average sale price: $144,264 

Top-10 sales:

  1. 1936 Auburn 852 Supercharged Speedster sold for $880,000
  2. 1956 Chrysler-Ghia Plainsman Concept Station Wagon sold for $742,500
  3. 1930 Duesenberg Model J Willoughby Berline sold for $605,000
  4. 1937 Packard Twelve-Series 1508 Convertible Sedan sold for $451,000
  5. 1997 Porsche 911 Turbo S Coupe sold for $341,000
  6. 1970 Plymouth Road Runner Superbird Hardtop Coupe sold for $242,000
  7. 1934 Packard Super Eight-Series 1104 Sport Phaeton sold for $192,500
  8. 1930 Cadillac Series 452 Vanden Plas Imperial Landau, 7-p. sold for $167,750
  9. 1957 DeSoto Adventurer Convertible sold for $165,000
  10. 1938 Packard Twelve-Series 1607 Convertible Victoria sold for $165,000

2019 results

Total: $9.4 million

55/71 lots sold: 78 percent sell-through rate

Average sale price: $171,166

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Arizona Auction Week 2020

Arizona auctions rally on Saturday as star cars hit the blocks | ClassicCars.com Journal


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An auction staffer dramatically signals the acceptance of a higher bid Saturday on this 1965 Ford Mustang convertible at Russo and Steele, one of three auctions in action Sunday as Arizona Auction Week 2020 concludes | Howard Koby photo

Editor’s note: This is the daily Arizona Auction Week 2020 sales report from Hagerty, the collector car insurance and value-tracking company that staffs each auction venue. Saturday was a big day for Arizona Auction Week 2020 with many of the auctions offering their star cars.

This 1948 Tucker 48 sold for $2.04 million Saturday at the Gooding & Company auction | Bob Golfen photo

As Arizona Auction Week 2020 enters the home stretch, total sales have rallied to fall just 3 percent off year-ago figures. This represents a slightly smaller decline than Hagerty had forecast and a significantly sunnier outlook than the 34 percent drop we saw at the Monterey auctions last August.

With one day of bidding to go, Arizona 2020 sales totaled $236.4 million. 

Perhaps the clearest reason for the decrease in sales this year is a decline in the overall quality of the consignments. Vehicles in #1 and 2 condition (“excellent” and “concours”) represented less than half the field — the lowest ratio we have observed in more than 5 years. We’re also seeing more cars with “stories.”  For instance, Gooding & Company sold a 1953 Jaguar XK120 roadster for $70,000, or 41 percent below its condition-appropriate value, because it had a later engine and transmission. 

Consequently, average sale price is down, from $100,239 in 2019 to $85,357 this year. For million-dollar cars, the average price fell 33 percent, to $1.79 million. 

We’re seeing something of a domino effect here: Better cars are being kept off the market while values are soft, which is further driving down average values of what shows up.

1932 Hispano-Suiza J2 Dual Cowl Phaeton on the block at Gooding, where it sold for $2.425 million | Tom Stahler photo

Lower prices translated to a notable, 30-percent improvement in the sell-through rate at the top of the market, with 73 percent of million-dollar cars selling. Looking at all lots, sell-through rates dropped slightly, from 80 percent last year to 77 percent this year. Buyers in today’s market can afford to be patient.  

That patience seems to run out, however, when exceptional cars and/or rare opportunities present themselves. On Saturday at Gooding, a 1932 Hispano-Suiza J12 Dual Cowl Phaeton brought $2.42 million, beating its high estimate of $2 million. The seven BMW M3s Barrett-Jackson sold from the Paul Walker collection brought $1.7 million — more money than all the M3s sold at public auction in 2019. And the charity auction for the first production 2020 Chevrolet Corvette brought $3.0 million, a record for a new Corvette (proceeds benefitted the Detroit Children’s Fund).

Dodge Vipers in excellent condition, especially early RT/10s, are generating a lot of interest. Sale prices were nearly 50 percent above expected results based on Hagerty Price Guide values, with Barrett-Jackson selling a 1995 RT/10 for $69,300, or 69 percent above expected. 

A 1957 Mercedes-Benz 300SL roadster is on the block at Russo and Steele, where it was bid to $775,000, a price that did not reach the seller’s reserve and thus the car was not hammered sold | Howard Koby photo

Scottsdale winds down today, but three auction companies — Barrett-Jackson, Russo and Steele, and Leake — still be selling vehicles. 

Barrett-Jackson has a rare 1918 Kissel 38 Touring Sedan and a 1949 Studebaker M5 Truck used by the Grateful Dead. Leake is  offering a 1978 International Scout II Wagon, which is on the Hagerty Bull Market list for 2020. Russo and Steele will offer a variety of Ford Mustangs and Chevrolet Corvettes. 

Listed below are the raw results witnessed by Hagerty during the live auctions (https://apps.apple.com/us/app/hagerty-insider/id386245989) and may not include any post-sale deals that have occurred. Figures reported include the appropriate buyer’s premiums. 

Among the vehicles crossing auction blocks Sunday is this 1949 Studebaker pickup truck that was used by the Grateful Dead to haul equipment when the band was starting to play | Rebecca Nguyen photo

Arizona Auction Week 2020

Overall results through Saturday, January 18

Cumulative total: $236.4 million

2,770/3,603 lots sold: 77 percent sell-through rate

Average sale price: $85,357

2019 cumulative results through Saturday

Cumulative total: $243.1 million

2,425/3,017 lots sold: 80% sell-through rate

Average sale price: $100,239

Overall top-10 sales 

  1. 1995 Ferrari F50 Coupe sold for $3,222,500 (Gooding & Company)
  2. 2020 Chevrolet Corvette Stingray Coupe sold for $3,000,000 (Barrett-Jackson)*
  3. 1932 Hispano-Suiza J12 Dual Cowl Phaeton sold for $2,425,000 (Gooding & Company)
  4. 2018 Pagani Huayra Roadster sold for $2,370,000 (RM Sotheby’s)
  5. 1948 Tucker 48 Sedan sold for $2,040,000 (Gooding & Company)
  6. 2021 Lexus LC 500 Convertible sold for $2,000,000 (Barrett-Jackson)*
  7. 1967 Ferrari 330 GTS Spider sold for $1,985,000 (Gooding & Company)
  8. 1972 Ferrari 365 GTS/4 Daytona Spider sold for $1,930,000 (Gooding & Company)
  9. 1951 Ferrari 212 Inter Cabriolet sold for $1,930,000 (Bonhams)
  10. 1967 Ferrari 330 GTS Spider sold for $1,710,000 (RM Sotheby’s)

* Charity car

1960 Volkswagen Type 2 ‘donut bus’ sells for $110,000 at Gooding, where auctioneer Charlie Ross proclaimed, ‘This is the cheapest donut-mobile I’ve ever sold’ | Bob Golfen photo

Results by auction company

BARRETT-JACKSON

Cumulative total through Saturday: $130.5 million

 1,714/1,715 lots sold: 99.9% sell-through rate

 Average sale price: $76,142

Top 10 sales:

  1. 2020 Chevrolet Corvette Stingray Coupe sold for $3,000,000*
  2. 2021 Lexus LC 500 Convertible sold for $2,000,000*
  3. 2017 Ford GT Coupe sold for $1,485,000
  4. 2017 Ford GT Coupe sold for $1,182,500
  5. 1969 Chevrolet Camaro COPO Sport Coupe sold for $1,094,500
  6. 2019 McLaren Senna Coupe sold for $946,000
  7. 1963 Aston Martin DB5 Saloon sold for $660,000
  8. 1974 Ford Bronco Custom SUV sold for $650,000
  9. 2020 Chevrolet Camaro COPO John Force Drag Car sold for $600,000*
  10. 2003 Saleen S7 Coupe sold for $467,500

* Charity car

2019 results through Saturday

Total: $119.0 million

1,627/1,628 lots sold: 99 percent sell-through rate

Average sale price: $73,090

BONHAMS

2020 total: $8.4 million

88/108 lots sold: 81 percent sell-through rate

Average sale price: $95,872 

Top-10 sales:

  1. 1951 Ferrari 212 Inter Cabriolet sold for $1,930,000
  2. 1955 Lancia Aurelia B24 Spider America sold for $810,000
  3. 1924 Rolls-Royce Silver Ghost Piccadilly Special Roadster sold for $368,000
  4. 1995 Ferrari F512 M Coupe sold for $313,000
  5. 2005 Ford GT Coupe sold for $285,500
  6. 1992 Dodge Viper RT/10 Roadster sold for $285,500
  7. 1972 Ferrari Dino 246 GTS Spider sold for $280,000
  8. 1960 Alfa Romeo 2000 Spider sold for $154,000
  9. 1901 Winton 8 HP Runabout sold for $142,800
  10. 1912 Winton Six 48 HP Touring sold for $140,000

2019 Results

Total sales: $16.1 million

108/120 lots sold: 90 percent sell-through rate

Average sale price: $149,070

1910 Knox Type ) touring sells for $190,000 at Gooding auction | Bob Golfen photo

GOODING & COMPANY

2020 total: $35.4 million

121/137 lots sold: 88 percent sell-through rate

Average sale price: $292,744 

Top-10 sales:

  1. 1995 Ferrari F50 Coupe sold for $3,222,500
  2. 1932 Hispano-Suiza J12 Dual Cowl Phaeton sold for $2,425,000
  3. 1948 Tucker 48 Sedan sold for $2,040,000
  4. 1967 Ferrari 330 GTS Spider sold for $1,985,000
  5. 1972 Ferrari 365 GTS/4 Daytona Spider sold for $1,930,000
  6. 1960 Ferrari 250 GT Cabriolet SII sold for $1,462,500
  7. 1968 Lamborghini Miura P400 S Coupe sold for $1,242,500
  8. 2014 McLaren P1 Coupe sold for $1,160,000
  9. 1970 Porsche 914/6 GT Targa sold for $995,000
  10. 1958 Mercedes-Benz 300SL Roadster sold for $940,000

2019 Results

Total sales: $48.1 million

105/124 lots sold: 85 percent sell-through rate

Average sale price: $458,458

Vintage Chevrolet Camaro convertible on the block at Leake Auctions | Leake photo

LEAKE AUCTIONS

Cumulative total through Saturday: $16.2 million

338/605 lots sold: 56 percent sell-through rate

Average sale price: $47,933

Top-10 sales:

  1. 2012 Lexus LFA Coupe sold for $429,000
  2. 1957 Chrysler 300C Convertible sold for $357,500
  3. 1958 Dual-Ghia Hemi Convertible sold for $330,000
  4. 1960 Chrysler 300F Convertible sold for $319,000
  5. 1968 Chevrolet Corvette Coupe sold for $275,000
  6. 1959 Chrysler 300E Convertible sold for $242,000
  7. 1958 Cadillac Eldorado Biarritz Convertible sold for $222,200
  8. 1958 Pontiac Bonneville Convertible sold for $220,000
  9. 1962 Chevrolet Corvette Custom Convertible sold for $220,000
  10. 1958 Cadillac Eldorado Biarritz Convertible sold for $216,700

2019 Cumulative Results: N/A (First Year)

2019 results:

2020 is Leake’s first year in Arizona

MAG AUCTIONS

2020 total: $1.7 million

98/326 lots sold: 30 percent sell-through rate

Average sale price: $17,846

Top-10 sales:

  1. 1968 Shelby GT500 KR Fastback sold for $167,400
  2. 1970 Ford Mustang Boss 302 SportsRoof  sold for $64,800
  3. 1934 Pierce-Arrow Model 836A Sedan sold for $47,520
  4. 1968 Dodge Charger Hardtop Coupe sold for $44,820
  5. 2007 Bentley Continental GTC Convertible Coupe sold for $44,280
  6. 1966 Chevrolet Chevelle Clone Sedan sold for $43,740
  7. 1966 Chevrolet Chevelle Custom Sedan sold for $43,200
  8. 1972 Chevrolet C10 1/2 Ton Pickup sold for $43,200
  9. 1937 Buick Special Model 46-C Convertible Coupe sold for $41,040
  10. 1933 Factory Five Hot Rod Roadster sold for $39,690

2019 results

Total: $2.5 million

139/384 lots sold: 36 percent sell-through rate

Average sale price: $17,816

RM SOTHEBY’S

2020 total: $30.3 million

127/142 lots sold: 89 percent sell-through rate

Average sale price: $238,507

Top-10 sales:

  1. 2018 Pagani Huayra Roadster sold for $2,370,000
  2. 1967 Ferrari 330 GTS Spider sold for $1,710,000
  3. 1971 Lamborghini Miura P400 SV Coupe sold for $1,391,000
  4. 1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,270,000
  5. 1930 Cadillac Series 452 Fleetwood Sport Phaeton, 5-p. sold for $1,105,000
  6. 2008 Bugatti Veyron 16.4 Coupe sold for $1,105,000
  7. 1937 Mercedes-Benz 540K Hebmuller Coupe sold for $995,000
  8. 1957 Mercedes-Benz 300SL Roadster sold for $973,000
  9. 2017 Ford GT Coupe sold for $923,500
  10. 2005 Porsche Carrera GT Coupe sold for $786,000

2019 results

Total sales: $36.8 million

129/154 lots sold: 84 percent sell-through rate

Average sale price: $285,448

RUSSO AND STEELE

Cumulative total through Saturday: $7.8 million

242/513 lots sold: 47 percent sell-through rate

Average sale price: $32,118

Top-10 sales:

  1. 1956 Porsche 356A Speedster sold for $258,500
  2. 1989 Mercedes-Benz 560SEC Wide Body Coupe sold for $253,000
  3. 1970 Plymouth Road Runner Superbird Hardtop Coupe sold for $214,500
  4. 1973 Lamborghini Espada 400 GTE SIII Coupe sold for $154,000
  5. 1959 Chevrolet Corvette Resto Mod Convertible sold for $126,500
  6. 2013 McLaren MP4-12C Spider sold for $118,250
  7. 1958 DeSoto Firesweep Convertible sold for $115,500
  8. 2008 Lamborghini Gallardo Superleggera Coupe sold for $115,500
  9. 1990 Ferrari Testarossa Coupe sold for $110,000
  10. 2006 Hummer H1 Alpha HMCS Wagon 4×4 sold for $99,000

WORLDWIDE AUCTIONEERS

2020 total: $6.1 million

42/55 lots sold: 76 percent sell-through rate

Average sale price: $144,264 

Top-10 sales:

  1. 1936 Auburn 852 Supercharged Speedster sold for $880,000
  2. 1956 Chrysler-Ghia Plainsman Concept Station Wagon sold for $742,500
  3. 1930 Duesenberg Model J Willoughby Berline sold for $605,000
  4. 1937 Packard Twelve-Series 1508 Convertible Sedan sold for $451,000
  5. 1997 Porsche 911 Turbo S Coupe sold for $341,000
  6. 1970 Plymouth Road Runner Superbird Hardtop Coupe sold for $242,000
  7. 1934 Packard Super Eight-Series 1104 Sport Phaeton sold for $192,500
  8. 1930 Cadillac Series 452 Vanden Plas Imperial Landau, 7-p. sold for $167,750
  9. 1957 DeSoto Adventurer Convertible sold for $165,000
  10. 1938 Packard Twelve-Series 1607 Convertible Victoria sold for $165,000

2019 results

Total: $9.4 million

55/71 lots sold: 78 percent sell-through rate

Average sale price: $171,166

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Arizona Auction Week 2020, Barrett-Jackson, Barrett-Jackson Scottsdale 2020, Corvette, Corvette c8

2020 Corvette C8 VIN 001 fetches $3,000,000 at Barrett-Jackson | ClassicCars.com Journal


C8 Vin 001

For 100 percent of the hammer price, Barrett-Jackson Auctions and Chevrolet raised $3,000,000 for The Detroit Children’s Fund here, in today’s auction of the first retail production 2020 Chevrolet Corvette C8 Stingray during the 49th Annual Scottsdale Auction, at WestWorld of Scottsdale.

2020 Chevrolet Corvette C8 VIN 001 auctioned at Barrett-Jackson2020 Chevrolet Corvette C8 VIN 001 auctioned at Barrett-Jackson
Heading to the block | Sarah Day photo

One of nine charity vehicles, the 2020 Chevrolet Corvette C8 Stingray VIN 001 is powered by a 6.2-liter V8 LT2 engine and comes equipped with the Z51 performance package. Called “the jewel in the center,” the Corvette’s naturally aspirated V8 engine is attached to an 8-speed, dual-clutch transmission capable of 495 horsepower and 470 ft/lbs of torque ‒ the most horsepower and torque for any entry Corvette. This all-new mid-engined Corvette rides on coilover springs and monotube shocks, magnetic ride control and features massive front and rear four-piston Brembo brakes.

All proceeds to the Detroit Children’s Fund | Daniel Nikkhoo photo

The Detroit Children’s Fund offers training, resources and supplies to underfunded public schools in the greater Detroit area. It works to bridge the gaps in funding and expertise, directing resources and best practices that are proven to help schools improve on the whole. In addition, the Detroit Children’s Fund helps schools acquire the technology and training they need to make and monitor progress, as well as provides computers, textbooks and other learning tools essential for student learning.

Tom Stahler is the Managing Editor of the ClassicCars.com Journal. Tom has a lifelong love of cars and motor racing – beginning with the 1968 USRRC race at Road America, in a stroller, at eight months of age. His words, photos and broadcasts can can be found on a myriad of media. He has won the Motor Press Guild’s Dean Batchelor Award and a Gold Medal in the International Automotive Media Awards.

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Arizona Auction Week 2020, Lightweight

Paul Walker ‘Lightweights’ collection sells for $1,205,000 at Barrett-Jackson | ClassicCars.com Journal


Paul Walker lightweight on Barrett-Jackson block hammer price at $350,000 | Jared Costello photo

Many questioned Paul Walker’s choice in his BMW collection, but auction results highlights the foresight of the deceased star.

The BMW M3 Lightweights – of which Walker had a fleet of five – have become prized automobiles. One would wonder if the Fast and Furious franchise star was looking to start a race team with the factory track weapons. All but one features the tri-color checkered M motif graphics package on the left-front and right-rear corners.

1995 BMW M3 Lightweights owned and collected by Paul Walker | Jared Costello photo1995 BMW M3 Lightweights owned and collected by Paul Walker | Jared Costello photo
1995 BMW M3 Lightweights owned and collected by Paul Walker | Jared Costello photo

Out of twenty-one vehicles crossing the block at the Scottsdale Barrett-Jackson auction this year from Walker’s collection, the highly anticipated 1995 BMW M3 Lightweights crossed the block at a total hammer price of $1,205,000 for all five.  Walker’s influence on the collector car industry has become even more evident with these results. These cars didn’t even need Walker’s star-power as they are highly prized, but the emphasis on his foresight was key.

Paul Walker LightweightPaul Walker Lightweight
Lined up prior to auction | Sarah Day photo

“He (Walker) was a great car guy, I call him the modern-day
Steve McQueen,” Barrett-Jackson CEO Craig Jackson said in an interview prior to
the auction. “He was a pioneer in cars that people didn’t really think were
collector cars when he started buying them.”

Here are the results for each sold from Walker’s collection:

Lot 1371 – 1995 BMW M3 Lightweight: $350,000
Lot 1372 – 1995 BMW M3 Lightweight: $200,000
Lot 1372.1 – 1995 BMW M3 Lightweight: $220,000
Lot 1373 – 1995 BMW M3 Lightweight: $235,000
Lot 1373.1 – 1995 BMW M3 Lightweight (without checkered motif): $200,000

The strong prices paid for the cars are an indication not only of the late actor’s star power, but of the next-generation of car enthusiasts now bidding at collector car auctions.

An experienced automotive motorsports photographer and enthusiast of all things with wheels, Rebecca Nguyen is the Marketing Manager of ClassicCars.com. Former Marketing and Project Coordinator for Voodoo13 and Ksport USA, Rebecca has a unique perspective developed from being on several different sides of the automotive world. From developing innovative automotive products to doing her own DIY modifications on her 2003 Subaru WRX and 2014 Ducati Monster, Rebecca’s passion for the hobby brings fresh ideas to The Journal. In addition, she has spent many years publishing event coverage for events like SEMA, Formula Drift, and Global RallyCross while coordinating the annual Future Collector Car Show in Scottsdale Arizona.

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Arizona Auction Week 2020

Affordable classics popular with Arizona auction bidders | ClassicCars.com Journal


hagerty3
A 1972 Dodge Dart Demon custom is on the block at Leake Auctions’ inaugural Arizona sale. The car sold Friday evening for $30,800 | Howard Koby photo

Editor’s note: This is the daily Arizona Auction Week 2020 sales report from Hagerty, the collector car insurance and value-tracking company that staffs each auction venue.

At this point of Arizona Auction Week 2020, all auction companies have started or completed their sales, and results so far have further revealed polarization in the market. Cars below $25,000 are accelerating regardless of condition, but offerings above $250,000 are proving to be more difficult to find new homes.

Total sales are at $148.9 million, 11 percent behind 2019, and average sale price is down from $82,234 in 2019 to $68,519 this year. That mostly reflects the fall-off at the top of the market: We’ve seen the lowest number of million-dollar cars in Scottsdale since 2013, just 37, as auction companies and sellers worry about softer values for those vehicles. 

Cars valued above $1 million struggled for much of 2019 and they continue to seek footing so far this year. These challenges were apparent as RM Sotheby’s fell just shy of selling its 1958 Ferrari 250 GT Series I cabriolet at a high bid of $5.5 million. The sell-through rate at this level, 68 percent, was much improved over a year ago, but the average price of seven-figure cars was down 37 percent and far fewer of these lots were bid to or above expected Hagerty Price Guide values.

Top sale of Arizona Auction Week 2020 so far has been this 1995 Ferrari F50, which sold Friday for for $3,222,500 at Gooding & Company | Bob Golfen photo

A few rarefied cars still managed to score impressive prices, as Gooding & Company’s successful first day included a 1995 Ferrari F50 selling for $3.2 million, and a rare Daytona class-winning 1970 Porsche 914/6 GT that set a record for the model at $995,000. RM Sotheby’s also sold its remarkably original 1937 Mercedes-Benz 540K Hebmüller Coupe for $995,000. Other than these bright spots, the drop off has a lot to do with the fact that the best cars weren’t here.

Concerns at the top of the market haven’t, by and large, trickled down to the rest of the market. Affordable vehicles found strong bids, as 69 percent of vehicles with a #2 condition Hagerty value of less than $15,000 sold at or above their condition appropriate value. One example was a 1975 Chevrolet Corvette sold by Leake for 70 percent above its condition-appropriate expectation. Buyers shopping for vehicles below $50,000 had less of an eye for condition, with driver-quality vehicles selling for more of a premium over vehicles in #1 condition.

This 1970 Porsche 914/6 GT that won its class at Daytona sold for a record price of $995,000 Friday at Gooding & Company | Bob Golfen photo

Vehicles from the 1980s continue to be a bright spot in the market. Nine out of 11 fourth-generation (1983-96) Chevrolet Corvettes have been bid to or above condition-appropriate values and the same is true for all five Buick Regals — also a standout car a year ago. All five Mercedes-Benz 350/450SLs, however, were bid below condition-appropriate values. 

Overall, the sell-through rate of cars from the ’80s is the highest of any post-war decade. 

Other notable sales included Gooding’s 411-mile 1974 Volkswagen Karmann Ghia coupe that set a record for the model at $86,800 — almost triple the Hagerty Price Guide value for a #1-condition example. RM Sotheby’s sold a 1979 Porsche 911 Carrera Turbo for $390,000 — more than double the #1 value and the highest amount paid since 2016. Newcomer Leake also sold a 2003 Chevrolet Corvette 50th Anniversary for 11 percent above #1 value, and Barrett-Jackson sold a 2010 Dodge Viper ACR Voodoo Edition #1 for $235,000, a record for the model. 

An electric-powered replica of the famed James Dean 1955 Porsche 550 Spyier sold for $30,800 Friday at Leake | Howard Koby photo

As has been the case all week, trucks and SUVs are still selling strong with 76 percent of them selling at or above Hagerty Price Guide values, and 36 percent higher than cars. In particular, a 1989 Jeep Grand Wagoneer sold Friday at Barrett-Jackson for $110,000, setting an auction record for a Wagoneer by almost $40,000. Russo and Steele also sold the 1977 Dodge Trail Duster Top Hand Prototype 4×4 for an impressive $46,200.

Plenty of sought-after cars have yet to cross the block. Barrett-Jackson will offer five 1995 BMW M3 Lightweights from the Paul Walker collection. And with the premium his collection has been getting at auction, the late actor appears to be poised to become the next Paul Newman of celebrity car collectors. Gooding & Company will offer a 1948 Tucker 48 with an estimate of $1.75 million to $2.25 million. Leake is offering a 1964 Cheetah Prototype Coupe serial number 003. Russo and Steele will offer a 1967 Chevrolet Corvette convertible 427/400 L68 originally ordered by Bill Mitchell. Barrett-Jackson will offer the first retail production mid-engine 2020 Chevrolet Corvette Stingray (VIN 001) for charity with 100 percent of the proceeds benefitting the Detroit Children’s Fund.

Listed below are the raw results witnessed by Hagerty during the live auctions (https://apps.apple.com/us/app/hagerty-insider/id386245989) and may not include any post-sale deals that have occurred. Figures reported include the appropriate buyer’s premiums. 

1963 Shelby Cobra 260 rolls onto the block Friday at RM Sotheby’s. It rolled off after selling for $577,000 | Howard Koby photo

Arizona Auction Week 2020

Overall results through Friday, January 17

Cumulative total: $148.9 million

2,173/2,754 lots sold: 79 percent sell-through rate

Average sale price: $68,519

2019 cumulative results through Friday

Cumulative total: $166.7 million

2,027/2,506 lots sold: 81 percent sell-through rate

Average sale price: $82,234 

Overall top-10 sales 

  1. 1995 Ferrari F50 Coupe sold for $3,222,500 (Gooding & Company)
  2. 2018 Pagani Huayra Roadster sold for $2,370,000 (RM Sotheby’s)
  3. 2021 Lexus LC 500 Convertible sold for $2,000,000 (Barrett-Jackson)*
  4. 1972 Ferrari 365 GTS/4 Daytona Spider sold for $1,930,000 (Gooding & Company)
  5. 1951 Ferrari 212 Inter Cabriolet sold for $1,930,000 (Bonhams)
  6. 1967 Ferrari 330 GTS Spider sold for $1,710,000 (RM Sotheby’s)
  7. 1960 Ferrari 250 GT Cabriolet SII sold for $1,462,500 (Gooding & Company)
  8. 1971 Lamborghini Miura P400 SV Coupe sold for $1,391,000 (RM Sotheby’s)
  9. 1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,270,000 (RM Sotheby’s)
  10. 1968 Lamborghini Miura P400 S Coupe sold for $1,242,500 (Gooding & Company)

* Charity car

 Results by auction company

BARRETT-JACKSON

Cumulative total through Friday: $73,5 million

1,396/1,396 lots sold: 100 percent sell-through rate

 Average sale price: $52,648

Overall top-10 sales:

  1. 2021 Lexus LC 500 Convertible sold for $2,000,000*
  2. 2020 Chevrolet Camaro COPO John Force Drag Car sold for $600,000*
  3. 1981 Jeep CJ-7 Custom SUV sold for $425,000*
  4. 1967 Ford Mustang Eleanor Fastback sold for $330,000
  5. 1968 Plymouth GTX Custom Hardtop Coupe sold for $300,000*
  6. 1997 Chevrolet Monte Carlo Coupe sold for $250,000*
  7. 1967 Ford Mustang Eleanor Replica Coupe sold for $236,500
  8. 2010 Dodge Viper ACR Voodoo Edition 1 Coupe sold for $236,500
  9. 1963 Chevrolet Corvette Split-Window Coupe sold for $225,500
  10. 1959 Cadillac Series 62 Convertible sold for $220,000

* Charity car

2019 results through Friday

Total: $69.0 million

 1,347/1,347 lots sold: 100 percent sell-through rate

Average sale price: $51,216

BONHAMS

2020 total: $8.4 million

88/108 lots sold: 81 percent sell-through rate

Average sale price: $95,872 

Overall top-10 sales:

  1. 1951 Ferrari 212 Inter Cabriolet sold for $1,930,000
  2. 1955 Lancia Aurelia B24 Spider America sold for $810,000
  3. 1924 Rolls-Royce Silver Ghost Piccadilly Special Roadster sold for $368,000
  4. 1995 Ferrari F512 M Coupe sold for $313,000
  5. 2005 Ford GT Coupe sold for $285,500
  6. 1992 Dodge Viper RT/10 Roadster sold for $285,500
  7. 1972 Ferrari Dino 246 GTS Spider sold for $280,000
  8. 1960 Alfa Romeo 2000 Spider sold for $154,000
  9. 1901 Winton 8 HP Runabout sold for $142,800
  10. 1912 Winton Six 48 HP Touring sold for $140,000

2019 Results

Total sales: $16.1 million

108/120 lots sold: 90 percent sell-through rate

Average sale price: $149,070

This 1960 Peugeot 403 Estate sold for $38,100 | Bob Golfen photo

GOODING & COMPANY

Cumulative total through Friday: $19.8 million

62/68 lots sold: 91 percent sell-through rate

Average sale price: $319,259 

Overall top-10 sales:

  1. 1995 Ferrari F50 Coupe sold for $3,222,500
  2. 1972 Ferrari 365 GTS/4 Daytona Spider sold for $1,930,000
  3. 1960 Ferrari 250 GT Cabriolet SII sold for $1,462,500
  4. 1968 Lamborghini Miura P400 S Coupe sold for $1,242,500
  5. 2014 McLaren P1 Coupe sold for $1,160,000
  6. 1970 Porsche 914/6 GT Targa sold for $995,000
  7. 1958 Mercedes-Benz 300SL Roadster sold for $940,000
  8. 1937 BMW 328 Roadster sold for $830,000
  9. 1937 Cord 812 Sportsman Cabriolet sold for $544,000
  10. 1930 Stutz MA Boattail Speedster sold for $445,000

2019 results through Friday

Total: $26.7 million

 57/65 lots sold: 88 percent sell-through rate

Average sale price: $469,274

1931 Ford Model A presented in the guise of a police paddy wagon at sold for $27,500 Friday at Leake | Howard Koby photo

LEAKE AUCTIONS

Cumulative total through Friday: $5.2 million

187/333 lots sold: 56 percent sell-through rate

Average sale price: $27,734

Overall top-10 sales:

  1. 1969 Chevrolet Camaro RS/SS Convertible sold for $110,000
  2. 1996 Lamborghini Diablo VT Coupe sold for $104,500
  3. 1969 Chevrolet Camaro SS Convertible sold for $84,700
  4. 1970 Dodge Charger Custom Hardtop Coupe sold for $82,500
  5. 1970 Chevrolet Chevelle SS 454 Sport Coupe sold for $82,500
  6. 1959 Cadillac Fleetwood 60 Special Convertible sold for $81,400
  7. 2018 Jeep Wrangler Unlimited Rubicon Sport Utility Vehicle 4×4 sold for $71,500
  8. 1959 Cadillac Series 62 Convertible sold for $70,400
  9. 2011 Ford Mustang Shelby GT350 Coupe sold for $63,800
  10. 2017 Mercedes-Benz S550 Sedan sold for $62,700

2019 results: 2020 is Leake’s first year in Arizona

MAG AUCTIONS

2020 total: $1.7 million

98/326 lots sold: 30 percent sell-through rate

Average sale price: $17,846

Overall Top 10 Sales:

  1. 1968 Shelby GT500 KR Fastback sold for $167,400
  2. 1970 Ford Mustang Boss 302 SportsRoof  sold for $64,800
  3. 1934 Pierce-Arrow Model 836A Sedan sold for $47,520
  4. 1968 Dodge Charger Hardtop Coupe sold for $44,820
  5. 2007 Bentley Continental GTC Convertible Coupe sold for $44,280
  6. 1966 Chevrolet Chevelle Clone Sedan sold for $43,740
  7. 1966 Chevrolet Chevelle Custom Sedan sold for $43,200
  8. 1972 Chevrolet C10 1/2 Ton Pickup sold for $43,200
  9. 1937 Buick Special Model 46-C Convertible Coupe sold for $41,040
  10. 1933 Factory Five Hot Rod Roadster sold for $39,690

2019 results

Total: $2.5 million

139/384 lots sold: 36 percent sell-through rate

Average sale price: $17,816

This 1958 Ferrari 250 GT Series 1 cabriolet was bid to $5.5 million at RM Sotheby’s but that wasn’t enough for the consignor to remove the reserve and allow the car to be hammered sold | Howard Koby photo

RM SOTHEBY’S

2020 total: $30.3 million

127/142 lots sold: 89 percent sell-through rate

Average sale price: $238,507

Overall top-10 sales:

  1. 2018 Pagani Huayra Roadster sold for $2,370,000
  2. 1967 Ferrari 330 GTS Spider sold for $1,710,000
  3. 1971 Lamborghini Miura P400 SV Coupe sold for $1,391,000
  4. 1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,270,000
  5. 1930 Cadillac Series 452 Fleetwood Sport Phaeton, 5-p. sold for $1,105,000
  6. 2008 Bugatti Veyron 16.4 Coupe sold for $1,105,000
  7. 1937 Mercedes-Benz 540K Hebmuller Coupe sold for $995,000
  8. 1957 Mercedes-Benz 300SL Roadster sold for $973,000
  9. 2017 Ford GT Coupe sold for $923,500
  10. 2005 Porsche Carrera GT Coupe sold for $786,000

2019 results

Total: $36.8 million

129/154 lots sold: 84 percent sell-through rate

Average sale price: $285,448

Selling for $995,000, this 1937 Mercedes-Benz 540K Hebmüller coupe just missed the $1 million mark Friday at RM Sotheby’s | Bob Golfen photo

RUSSO AND STEELE

Cumulative total through Friday: $3.9 million

 173/324 lots sold: 53 percent sell-through rate

Average sale price: $22,423

Overall Top 10 Sales:

  1. 1959 Chevrolet Corvette Resto Mod Convertible sold for $126,500
  2. 2008 Lamborghini Gallardo Superleggera Coupe sold for $115,500
  3. 2011 Ford Mustang Shelby GT350 Coupe sold for $90,750
  4. 1957 Chevrolet Bel Air Custom Coupe sold for $82,500
  5. 1949 Chrysler Town & Country Convertible sold for $74,250
  6. 1954 Buick Skylark Model 100 Convertible sold for $68,750
  7. 2000 Ron Butler Racing Cobra Replica Roadster sold for $60,000
  8. 1957 Buick Super Model 56C Convertible sold for $57,750
  9. 1957 Chevrolet Bel Air Convertible sold for $55,000
  10. 1970 Chevrolet Chevelle SS 454 Sport Coupe sold for $53,350

2019 results through Friday

Cumulative total: $6.1 million

192/365 lots sold: 53 percent sell-through rate

Average sale price: $31,947

WORLDWIDE AUCTIONEERS

2020 total: $6.1 million

42/55 lots sold: 76 percent sell-through rate

Average sale price: $144,264 

Overall top-10 sales:

  1. 1936 Auburn 852 Supercharged Speedster sold for $880,000
  2. 1956 Chrysler-Ghia Plainsman Concept Station Wagon sold for $742,500
  3. 1930 Duesenberg Model J Willoughby Berline sold for $605,000
  4. 1937 Packard Twelve-Series 1508 Convertible Sedan sold for $451,000
  5. 1997 Porsche 911 Turbo S Coupe sold for $341,000
  6. 1970 Plymouth Road Runner Superbird Hardtop Coupe sold for $242,000
  7. 1934 Packard Super Eight-Series 1104 Sport Phaeton sold for $192,500
  8. 1930 Cadillac Series 452 Vanden Plas Imperial Landau, 7-p. sold for $167,750
  9. 1957 DeSoto Adventurer Convertible sold for $165,000
  10. 1938 Packard Twelve-Series 1607 Convertible Victoria sold for $165,000

2019 results

Total: $9.4 million

55/71 lots sold: 78 percent sell-through rate

Average sale price: $171,166

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Arizona Auction Week 2020

Ferris Bueller car added to Barrett-Jackson docket | ClassicCars.com Journal


Bueller
This 1963 Modena Spyder California was one of three built for iconic movie | Barrett-Jackson photos

The Barrett-Jackson collector car auction company announced Friday that it was adding another celebrity car to an auction docket that reportedly had been filled to the brim.

“Barrett-Jackson… announced today that it will auction the 1963 Modena Spyder California, serial number GTC001… made famous as the number one hero car in the iconic 1980s film Ferris Bueller’s Day Off,” the company said in its news release.  

The car will cross the auction block Saturday as Lot 1378. The sale is scheduled to take place during “prime time” television coverage between 5 and 6 p.m. (Mountain time).

“Built by Modena Design & Development, this Spyder is one of three Modenas used for the filming of the iconic movie and will be offered at No Reserve,” the auction house said.

A former daily newspaper sports editor, Larry Edsall spent a dozen years as an editor at AutoWeek magazine before making the transition to writing for the Web and becoming the author of more than 15 books. In addition to being Editorial Director at ClassicCars.com, Larry has written for The New York Times, writes a weekly automotive feature for The Detroit News and is an adjunct honors professor at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.

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Arizona Auction Week 2020

Slump continues, but star cars are heading to the Arizona auction blocks | ClassicCars.com Journal


2018 Pagani Huayra roadster sells for $2.37 million at RM Sotheby’s Arizona auction, making it the most expensive buy so far this week | Bob Golfen photo

Editor’s note: This is the second in a series of daily Arizona Auction Week 2020 sales reports from Hagerty, the collector car insurance and value-tracking company that staffs each auction venue.

1951 Ferrari 212 Inter cabriolet rolls onto the block at Bonhams, where it sold for $1.93 million | Rebecca Ngyuen photo

Thursday of Arizona Auction Week 2020 saw four more auction companies add to the bidding frenzy. Seven of the eight auction companies have now begun (or finished) their auctions. Bonhams concluded its one-day sale, RM Sotheby’s began its two-day sale, and Leake and Russo and Steele began four days of auctions. 

As it stands, sales from all auction companies totaled $69.6 million versus $86.8 million through Thursday of auction week 2019. This amounts to a 20 percent difference, and the $47,890 average price is nearly $12,000 lower.

With most auctions now posting results, sales are beginning to show a pattern of what people are buying and what they aren’t. Million dollar lots continue to be a hard sell in this market, with an initial sell-through rate of 44 percent. Cars failing to meet the reserve on the block included Bonhams’ headline car, a 1932 Alfa Romeo 8C 2300 Cabriolet by Figoni, which was a no-sale at a high-bid of $8.7 million, as well as its in-need-of-restoration Lamborghini Miura, which hammered unsold at $800,000. At RM Sotheby’s, a 1954 Ferrari 250 Europa and a 1965 Ferrari GTB/C failed to meet reserve at high bids of $1.4 million and $1.7 million, respectively.

1954 Ferrari 250 Europa GT was bid to more than $1 million at RM Sotheby’s but that wasn’t enough for the consigner to lower the car’s reserve price | Bob Golfen photo

By contrast, vehicles priced below $25,000 are performing well and are the only price group with a sell-through rate higher than 2019’s, but vehicles at this value also have less of an impact on total sales or Average sale price. Consequently, overall sales are down 20 percent and the average price is down 19 percent. The share of no-reserve lots is down five points to just over 68 percent. However, vehicles have on average been bid 14 percent above condition appropriate Hagerty Price Guide values, a 33 percent slide from last year. 

Customs and resto-mods at Barrett-Jackson continue to gain share of the run-list, but average price is nearly unchanged year-over-year at $41,000. The model year of the vehicles being customized continues to get older. 

Trucks and SUVs remain shining stars, with 77 percent being sold at or above Hagerty Price Guide values versus 58 percent for cars. This aligns with what Hagerty has seen in insurance quotes for trucks and SUVs over the last year, with bigger growth in activity and a 15 percent increase in median quoted value (compared to just 5 percent for cars). One such stand-out was a good 1977 GMC Jimmy at Barrett-Jackson that sold for an excellent $38,500. 

1974 Ford Maverick coupe on the block at Russo and Steele, where it sold for $12,650 | Howard Koby photo

Even in these tough times for top-tier cars, major sales have been completed: A 2018 Pagani Huayra Roadster sold for $2.37 million at RM Sotheby’s and is the high sale of the week so far. Bonhams sold a 1951 Ferrari 212 Inter Cabriolet by Vignale for $1.93 million. Also at Bonhams, a  1992 Dodge Viper RT/10 Roadster, serial-number 001 and formerly owned by Lee Iacocca, became the second most valuable Viper to sell at auction, going for $285,500. 

We’ll see more high-profile cars cross the block Friday  as RM Sotheby’s concludes its two-day auction, Gooding & Company begins its two-day event, and Russo and Steele, Leake, and Barrett-Jackson get to their feature cars. Highlight lots include a 1958 Ferrari 250 GT Series I cabriolet at RM Sotheby’s, a 1970 Porsche 914/6 GT at Gooding, a 1997 Chevrolet Monte Carlo Winston Cup NASCAR charity lot benefitting the Arizona Animal Welfare League at Barrett-Jackson, a 1967 Shelby GT350 in Lime Green at Leake, and a 1971 Dodge Charger Super Bee ‘Mr. Norms’ at Russo and Steele.

Drew Alcazar of Russo and Steele pumps up interest in his company’s dramatic auction-in-the-round format | Howard Koby photo|

Listed below are the raw results witnessed by Hagerty during the live auctions (https://apps.apple.com/us/app/hagerty-insider/id386245989) and may not include any post-sale deals that have occurred. Figures reported include the appropriate buyer’s premiums. 

Arizona Auction Week 2020

Overall results through Thursday, January 16

Cumulative total: $69.6 million

1,453/1,816 lots sold: 80 percent sell-through rate

Average sale price: $47,890

2019 cumulative results through Thursday

Cumulative total: $86.8 million

1,466/1,833 lots sold: 80 percent sell-through rate

Average sale price: $59,194

Overall top-10 sales

  1.  2018 Pagani Huayra Roadster sold for $2,370,000 (RM Sotheby’s)
  2. 1951 Ferrari 212 Inter Cabriolet sold for $1,930,000 (Bonhams)
  3. 1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,270,000 (RM Sotheby’s)
  4. 1930 Cadillac Series 452 Fleetwood Sport Phaeton, 5-p. sold for $1,105,000 (RM Sotheby’s)
  5. 1936 Auburn 852 Supercharged Speedster sold for $880,000 (Worldwide Auctioneers)
  6. 1955 Lancia Aurelia B24 Spider America sold for $810,000 (Bonhams)
  7. 2005 Porsche Carrera GT Coupe sold for $786,000 (RM Sotheby’s)
  8. 1956 Chrysler-Ghia Plainsman Concept Station Wagon sold for $742,500 (Worldwide Auctioneers)
  9. 1930 Duesenberg Model J Willoughby Berline sold for $605,000 (Worldwide Auctioneers)
  10. 1935 Cadillac Model 452D Series 60 Fleetwood Convertible Sedan sold for $472,500 (RM Sotheby’s)

Results by auction company

BARRETT-JACKSON

Cumulative total through Thursday: $37.7 million

1,018/1,018 lots sold: 100 percent sell-through rate

Average sale price: $37,036

Overall Top 10 Sales:

  1. 1981 Jeep CJ-7 Custom SUV sold for $425,000*
  2. 1968 Plymouth GTX Custom Hardtop Coupe sold for $300,000*
  3. 1969 Pontiac GTO Judge Coupe sold for $165,000
  4. 1957 Chevrolet Bel Air Nomad Station Wagon sold for $143,000
  5. 1970 Oldsmobile 4-4-2 Convertible sold for $121,000
  6. 1969 Dodge Coronet Super Bee Hardtop Coupe sold for $117,700
  7. 1970 Chevrolet Chevelle Custom Sport Coupe sold for $110,000
  8. 1970 Chevrolet Chevelle Custom Convertible sold for $110,000
  9. 1960 Cadillac Eldorado Biarritz Convertible sold for $110,000
  10. 1977 Ford Bronco Wagon 4×4 sold for $110,000

* Charity car

2019 results through Thursday

Total: $38.1 million

993/993 lots sold: 100 percent sell-through rate

Average sale price: $38,336

BONHAMS

Cumulative total through Thursday: $8.4 million

88/108 lots sold: 81 percent sell-through rate

Average sale price: $95,872

 Overall Top 10 Sales:

  1. 1951 Ferrari 212 Inter Cabriolet sold for $1,930,000
  2. 1955 Lancia Aurelia B24 Spider America sold for $810,000
  3. 1924 Rolls-Royce Silver Ghost Piccadilly Special Roadster sold for $368,000
  4. 1995 Ferrari F512 M Coupe sold for $313,000
  5. 2005 Ford GT Coupe sold for $285,500
  6. 1992 Dodge Viper RT/10 Roadster sold for $285,500
  7. 1972 Ferrari Dino 246 GTS Spider sold for $280,000
  8. 1960 Alfa Romeo 2000 Spider sold for $154,000
  9. 1901 Winton 8 HP Runabout sold for $142,800
  10. 1912 Winton Six 48 HP Touring sold for $140,000

2019 Results

Cumulative total: $16.1 million

108/120 lots sold: 90 percent sell-through rate

Average sale price: $149,070

LEAKE AUCTIONS

Cumulative total through Thursday: $0.6 million

51/86 lots sold: 59 percent sell-through rate

Average sale price: $12,415

Overall Top 10 Sales:

  1. 1969 Chevrolet C10 Custom Pickup sold for $51,700
  2. 1969 Chevrolet El Camino SS 396 Pickup sold for $30,250
  3. 1992 AM General M998 HMMWV Pickup sold for $27,500
  4. 1955 Ford Thunderbird Convertible sold for $24,585
  5. 1967 Chevrolet Nova Custom Coupe sold for $22,550
  6. 2011 Ford Mustang Roush Coupe sold for $22,550
  7. 1970 Chevrolet C10 Custom Pickup sold for $21,450
  8. 1972 Oldsmobile Cutlass 4-4-2 Convertible sold for $20,900
  9. 1986 Chevrolet C10 Custom Pickup sold for $20,075
  10. 1972 Chevrolet C40 Flat Bed sold for $19,250

First-year in Arizona, no comparable 2019 results

MAG AUCTIONS

Cumulative total: $1.7 million

98/326 lots sold: 30 percent sell-through rate

Average sale price: $17,846

Overall Top 10 Sales:

  1. 1968 Shelby GT500 KR Fastback sold for $167,400
  2. 1970 Ford Mustang Boss 302 SportsRoof  sold for $64,800
  3. 1934 Pierce-Arrow Model 836A Sedan sold for $47,520
  4. 1968 Dodge Charger Hardtop Coupe sold for $44,820
  5. 2007 Bentley Continental GTC Convertible Coupe sold for $44,280
  6. 1966 Chevrolet Chevelle Clone Sedan sold for $43,740
  7. 1966 Chevrolet Chevelle Custom Sedan sold for $43,200
  8. 1972 Chevrolet C10 1/2 Ton Pickup sold for $43,200
  9. 1937 Buick Special Model 46-C Convertible Coupe sold for $41,040
  10. 1933 Factory Five Hot Rod Roadster sold for $39,690

2019 Cumulative results

Total: $2.5 million

139/384 lots sold: 36 percent sell-through rate

Average sale price: $17,816

RM SOTHEBY’S

Cumulative total through Thursday: $13.7 million

62/73 lots sold: 85 percent sell-through rate

Average sale price: $220,586

 Overall Top 10 Sales:

  1. 2018 Pagani Huayra Roadster sold for $2,370,000
  2. 1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,270,000
  3. 1930 Cadillac Series 452 Fleetwood Sport Phaeton, 5-p. sold for $1,105,000
  4. 2005 Porsche Carrera GT Coupe sold for $786,000
  5. 1935 Cadillac Model 452D Series 60 Fleetwood (Vee Windshield) Convertible Sedan, 5-p sold for $472,500
  6. 1971 Ferrari 365 GTB/4 Daytona Coupe sold for $467,000
  7. 1925 Hispano-Suiza H6B Belvallette Cabriolet sold for $445,000
  8. 2017 Ferrari 488 Spider Convertible sold for $362,500
  9. 1972 Ferrari Dino 246 GTS Spider sold for $340,500
  10. 1941 Packard Super 8 180 Darrin Convertible Victoria sold for $335,000

2019 Results through Thursday

Cumulative total: $18.4 million

64/77 lots sold: 83 percent sell-through rate

Average sale price: $287,908

RUSSO AND STEELE

Cumulative total through Thursday: $1.3 million

94/150 lots sold: 63 percent sell-through rate

Average sale price: $14,115

Overall Top 10 Sales:

  1. 2010 Land Rover Range Rover Limousine sold for $47,300
  2. 1966 Chevrolet Chevelle SS 396 Sport Coupe sold for $40,700
  3. 1983 Porsche 911 SC 3.0 Cabriolet sold for $37,400
  4. 1969 Chevrolet Corvette Custom Convertible sold for $33,000
  5. 2018 Jeep Custom SUV sold for $30,250
  6. 1995 Lotus Esprit S4 Coupe sold for $30,250
  7. 1955 Buick Century Model 66R Riviera Hardtop sold for $29,700
  8. 1955 Ford Mainline Custom Coupe sold for $27,500
  9. 1965 Ford Mustang Convertible sold for $25,300
  10. 2007 Jeep Wrangler Custom SUV sold for $25,300

2019 results through Thursday

Total: $2.2 million

106/186 lots sold: 57 percent sell-through rate

Average sale price: $21,079

WORLDWIDE AUCTIONEERS

Cumulative total: $6.1 million

42/55 lots sold: 76 percent sell-through rate

Average sale price: $144,264

Overall Top 10 Sales:

  1. 1936 Auburn 852 Supercharged Speedster sold for $880,000
  2. 1956 Chrysler-Ghia Plainsman Concept Station Wagon sold for $742,500
  3. 1930 Duesenberg Model J Willoughby Berline sold for $605,000
  4. 1937 Packard Twelve-Series 1508 Convertible Sedan sold for $451,000
  5. 1997 Porsche 911 Turbo S Coupe sold for $341,000
  6. 1970 Plymouth Road Runner Superbird Hardtop Coupe sold for $242,000
  7. 1934 Packard Super Eight-Series 1104 Sport Phaeton sold for $192,500
  8. 1930 Cadillac Series 452 Vanden Plas Imperial Landau, 7-p. sold for $167,750
  9. 1957 DeSoto Adventurer Convertible sold for $165,000
  10. 1938 Packard Twelve-Series 1607 Convertible Victoria sold for $165,000

2019 cumulative results

 Total: $9.4 million

 55/71 lots sold: 78 percent sell-through rate

Average sale price: $171,166

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Arizona Auction Week 2020

Paul Walker’s star-power sells cars at a premium | ClassicCars.com Journal


Walker’s 370Z | Tom Stahler photo

Four of the Paul Walker Collection cars went across the block Thursday at Barrett-Jackson, and got a premium at the hammer, proving that star-power provenance matters. A tuned 2009 Nissan 370Z, a 1989 Nissan R32 Skyline track car, a 1995 Eddie Bauer Edition Ford Explorer and a 1967 Nova custom coupe did far better than similar non-Walker cars offered.

Hammer price for the 370Z | Tom Stahler photo

Walker was killed November 30, 2013 with friend Roger Rodas. The two were enjoying a joy ride in Rodas’ Porsche Carerra GT. Rodas lost control of the car in an industrial park in Santa Clarita, California, and hit a light pole. Neither survived after the impact and subsequent fire. Like James Dean before him, Walker attained posthumous Hollywood legend status as the freak accident robbed the world of a talented and kind star.

The 370Z, which appeared in the fifth installment of the Fast and the Furious franchise hammered at $96,000. While not driven by Walker in the film, it was essentially an “extra,” and was later bought by Walker. Certainly Walker’s name attached to a tuner such as this has enough provenance to justify the extra money for a car that can be bought for less than half the hammer price.

The R32 Skyline is easily identifiable with the tuner and drifting crowd. Considering that another Skyline went across the block and sold for $40,000, the $91,000 that the Walker car fetched again proved that provenance ruled the day. The stripped, roll-bar clad track weapon was a fair example and clearly had been minimized without regard to esthetics. One would certainly hope this car finds its way to the track soon, as intended.

Walker’s Ford Explorer | Tom Stahler photo

Ford Explorers from the 1990s are nice SUVs. Not $61,000 nice though. While in very nice condition, this particular vehicle is rather understated. The story is that Walker drove the car around town near his home in Santa Barbara, California. The new owner must want to feel that Walker wasn’t always drifting through corners with his pants on fire everyday. He still went to the grocery store and doctor appointments and drove his kids around. This car reminds us of that side of the star.

The 1967 Nova was a very nice car. Muscle cars, particularly restomods are doing very well. Walker’s Nova custom was initially powered by an LS1; that engine was removed and replaced with a GM 5.3-liter V8 engine that is mated to an automatic transmission. It sold for a healthy $60,500.

The rest of the Walker Collection, which includes BMW M3 Lightweights and an E30 M3 Evolution, are set to cross the block over the next couple of days.

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