Arizona auctions top $100 million, and the weekend is just beginning
Friday and Saturday are supposed to be the big sales days within the annual Arizona Auction Week, but that's changed this year. First, there was the sale Tuesday at Barrett-Jackson of cars from the Ron Pratte collection. Then, on Thursday, RM and Bonhams combined to sell 13 cars for $1 million or more, including a 1966 Ferrari 275 GTB Competizione coupe that went for $9.405 million at Bonhams.
Add in the results so far from Barrett-Jackson, plus the opening-day sales at Russo and Steele and at Silver, and the Arizona auctions go into the weekend already with more than $100 million in sales.
RM did $27.7 million in sales on its opening day in Arizona with nine cars selling for $1 million or more, including three Ferraris that topped $2 million. RM's Thursday sales were far beyond the $16.6 million it did on its opening day a year ago.
Bonhams generated $24.3 million in sales Thursday, when it sold 15 fewer cars than it did a year ago but sold them for more money; sales at its single-day 2014 auction in Arizona totaled $23.5 million. Also significant for the auction house and its clients was the average sales price: nearly $350,000 this year versus less than $275,000 a year ago.
Barrett-Jackson sold 302 lots Thursday for $15.8 million, led by a 2015 BMW M5 sedan that brought $700,000 for charity - the BMW Car Club of America Foundation.
Russo and Steele opened its 2015 auction with $3.1 million in sales. Silver Auctions also started, with $97,740 in sales.
The auctions continue throughout the weekend at Barrett-Jackson, RM, Russo and Steele, Silver and Gooding & Company.
Overall sales through Thursday from all auction companies
Overall Top 10 Sales from all auctions through Thursday:
BARRETT-JACKSON
Overall Top 10 Sales:
*Sold for charity
BONHAMS
Top 10 Thursday Sales:
RM AUCTIONS
Top 10 Thursday Sales
RUSSO AND STEELE
Top 10 Thursday Sales:
SILVER AUCTIONS
Top 10 Thursday Sales:
Note: Silver did not have a Thursday sale in 2014.
