Arizona Auction Week 2017 Wrap-Up
After spending some time studying my new Hammer Price app (a must-have) and going through some of my auction notes for the week, I have come to some of the same conclusions I did last year—some marques did well, and others lost a little ground in value. it also seemed like the general attendance for the whole week was up, starting with the Arizona Concours d’Elegance. Too bad the weather didn’t cooperate.
The Italians continue to march forward, although mostly in the “affordable” models. Really nice Ferrari 308s have moved into six -figure territory, with a slightly flawed but nonetheless lovely 1958 Alfa Romeo Giulietta Spider Veloce bringing stellar money at $160,000+, and a 1974 Alfa Romeo GTV hammering at $76,000+ at Bonham’s.
Overall, the whole Austin Healey market is down about 20% from highs of a few years ago. Even a fabled 100S—one of fifty—was well-bought at a bargain price of $490,000. I heard people tell of it’s flaws but I reminded them that, “It’s still a real 100S!” Only the really nice cars sold well with the so-so cars at street sales rates.
Except for the $6.7 million spent for the Lightweight, the Jaguar market has cooled a bit on the E Types. A really nice late Series 1 4.2 did sell for $160,000+ which isn’t too shabby, though. There were just a lot of E Types available, and it is a hot brand and model. I still predict the Series 2 cars will start filling up the demand for E Types overall in the next few years.
Trending up (still,) the air-cooled Porsches are the cars to have. Some lovely 356 Speedsters held their own, and a really nice 912—but still a 912—fetched $105,000 at Gooding on Saturday. Another 356 barn-find bewildered even the most faithful at $341,000. After $600,000 plus for a Speedster barn find in Hilton Head, I’m left smiling to myself.
In talking with Andy Reid and other auction watchers, the cars that came up slowly and steadily—like the Aston Martins—held their own. The rising prices on cars like the Sunbeam Tigers have steadied, and again, only the nice cars held their values. There was also a lot of talk also about money availability and people not wanting to touch other investments with a stock market and Dow that is surging towards 20,000.
I think I may have to attend the March Amelia Island event to continue my research and see if the trends continue. Poor, poor pitiful me.
Top image credit: Andy Reid – ClassicCars.com
Read More of My Blog Posts
Some new pics and updates of some of the work we have in the shop at the moment. Give a call at (815) 629-2717 and set up a time to stop by to see what's new! More Blog Postsread more
Hey, wake up! We’re here now! We’ve arrived! It’s 2016 and all of those car projects you were going to do this winter aren’t done. You know it and I know it. Why do I know it? Because my stuff isn’t done either! Every fall I make a huge list of improvements and...read more
The shock to my system has worn off already as I acclimate to the cold back on the tundra. I want to write down some thoughts about my trip to the AZ auctions this year for those of you who watch them. Understand, I am no “old hand’ at the AZ auction...read more
I attended my first Auction Preview a few years ago here in Scottsdale when our Austin Healey 100R was at Bonham’s. Normally I’m not much of a guided tour kind of guy so I figured I would just walk around with the catalogue and do my own research. But then...read more
My friend Andy Reid was asked to be the chief judge for a new car show here in Arizona to compliment the already crazy week of activities. The show was titled “Future Classics” and the main sponsor was www.classiccars.com, where Andy is their East Coast...read more
Let's get this week going!! Arizona Concours d’Elegance today at the lovely Biltmore. What a great backdrop for the fine cars shown. I'll be posting more pictures this week as I check out the auctions, beautiful weather, and car values. Stay tuned!...read more
Back in 2014 I made my first trek west to Arizona Auction Week here in Scottsdale. It was so successful, and I had so much fun, that it is now an automatic repeating event on my January calendar. Aside from the fact that the weather in Illinois is...read more
I first became interested in the restoration British cars about 20 years ago when an acquaintance agreed to sell me his long-dormant Triumph TR-6. For that learning experience I did a basic mechanical and cosmetic restoration. It wasn’t a “ground up”...read more
Turns out that some years ago Mark Baker (former S&S owner) rebuilt a BMC A series motor and Austin America automatic transmission for a custom motorcycle. I went to look at it for some work last weekend. It turns out it was for an Auto Four, one of Wild...read more
These two unabashed car guys, Bob Kendall and Larry Noble, came out to the shop yesterday for their annual pilgrimage and quality inspection. Bob posted some musings on his blog; http://pilotesanciens.blogspot.com/ Take a quick peek at some of the work we...read more
I went to a great luncheon on Tuesday at D & J Bistro in Lake Zurich with a group of Vintage Sports Car Club members and friends. Food and company was great, and it's guaranteed that unique and fun cars will show up too. Here's a few and one of my...read more