{"id":369224,"date":"2011-01-26T09:00:35","date_gmt":"2011-01-26T17:00:35","guid":{"rendered":"https:\/\/sportscardigest.com\/?p=33199"},"modified":"2024-12-06T03:33:33","modified_gmt":"2024-12-06T03:33:33","slug":"scottsdale-auction-results-2011-better-across-the-board","status":"publish","type":"post","link":"https:\/\/www.supercars.net\/blog\/scottsdale-auction-results-2011-better-across-the-board\/","title":{"rendered":"Scottsdale Auction Results 2011 – Better Across the Board"},"content":{"rendered":"

Scottsdale Auction Results 2011 – Better Across the Board<\/strong><\/h2>\n

\nBy Rick Carey, Auction Editor
\n\u201cBetter\u201d is very good.
\n\"\"<\/a>While the Big Dog, Barrett-Jackson, hasn\u2019t released its final results yet it\u2019s fair to conclude that the 2011 Scottsdale Auctions were, both quantitatively and qualitatively, the best in several years.
\nBoth Gooding ($34,980,900) and RM Auctions ($30,995,075) posted better totals than in 2010 \u2013 RM by a big margin (57%).
\nMore significantly, their sell-through rates were better, Gooding up 1.3 points to 93.1% and RM up 7.8 points to 95.6%. That included plenty of No Reserve cars at both auctions, but even beyond that they sold nearly everything that rolled. Russo and Steele\u2019s sell-through was something close to 70%, a miraculous recovery from 2010\u2019s tent-sailing adventure attributable to a lot of hard work and some very loyal consignors and bidders who appreciate the Russo style.
\n\u201cScottsdale\u201d \u2013 the Barrett-Jackson-centric name for the auctions which congregate around Phoenix, Arizona in January \u2013 grows and evolves continuously. Changes reflect the market, and that doesn\u2019t mean values as much as it means the evolution of bidders, and the growth of alternative venues. Right now alternative venues are plenty, and Scottsdale has focused on accessible, middle-market collector cars.
\nThat evolution is nowhere more clear than at Barrett-Jackson, where median transactions run in sub-$50,000 values. It is defined by the vast SPEED TV audience, fueled by 40 hours of live TV coverage that attracts some of SPEED\u2019s highest ratings of the year and fuels hours of re-runs. Seven-figure transactions, feted in Barrett-Jackson\u2019s 40th Anniversary program, are gone: Barrett-Jackson is a five- and low six-figure marketplace, $60 million or so of it in six days of fast-paced showmanship in an unabashedly \u201cevent\u201d setting.
\nRM Auctions and Gooding have in turn recognized the vacuum which Barrett-Jackson\u2019s transition has created, capitalizing on it with quality consignments and distinctive catalog presentations.
\nBarrett-Jackson\u2019s insistence on \u201cNo Reserve\u201d sales (and they really, really do insist on No Reserve without buybacks) left room for Russo and Steele and Silver Auctions. In 2011 Scott Brandt\u2019s Motoexotica made a run for a piece of it, too, putting on a two-day sale at the Manheim wholesale auction in Tolleson (SW of Phoenix) with $1.5 million in sales in an unusually friendly and accessible venue. They\u2019ll be back in 2012.
\nThe simple fact is that everyone had a good year in \u201cScottsdale\u201d in 2011. Consignors brought (generally) good cars and for the most part honestly represented them. Bidders brought money, recognizing the good, honestly represented cars with sound prices that renewed the middle market that recently has been squishy.
\nThere also were some jaw-dropping transactions.
\n\u2022 RM\u2019s sale of 1955 Mercedes-Benz 300SL Gullwing s\/n 1980405500601 for $1,375,000, a car they\u2019d sold at Monterey in 2008 in essentially the same condition for $770,000;
\n\u2022 Gooding\u2019s sale of the original, unrestored 1953 Fiat 8V Supersonic by Ghia s\/n 106000035 for $1,705,000;
\n\u2022 B-J\u2019s sale of a \u201956 DeSoto Fireflite Convertible s\/n 50377412 for $368,500; and
\n\u2022 Russo and Steele\u2019s sale of a \u201970 \u2018Cuda Hemi Convertible s\/n BS27R0B363502 for $1,705,000 (the Hemi \u2018Cuda convertible is, apparently, back).
\nEven those details paled beside the generally positive vibe of the week. It was the most upbeat Scottsdale since 2006. Each of the auctions had a niche which it served professionally and efficiently.
\nBig Cars may be in the pipeline for Paris, Villa d\u2019Este, Monaco and Monterey but the broad base of the collector market was solidly established in Scottsdale in January 2011.
\nDetailed results will follow, but now I\u2019m off to Kissimmee, Florida for Mecum Auctions\u2019 1500 car sale the weekend after Scottsdale. It adds up to nearly 5,000 collector cars offered at auction in just three consecutive weeks in January.
\nIt\u2019s hard to conceive of a more vibrant, effective market.
\n[Source: Rick Carey; photo credit: Gooding]<\/p>\n","protected":false},"excerpt":{"rendered":"

Scottsdale Auction Results 2011 – Better Across the Board By Rick Carey, Auction Editor \u201cBetter\u201d is very good. While the Big Dog, Barrett-Jackson, hasn\u2019t released its final results yet it\u2019s fair to conclude that the 2011 Scottsdale Auctions were, both quantitatively and qualitatively, the best in several years. Both Gooding ($34,980,900) and RM Auctions ($30,995,075) posted better totals than in 2010 \u2013 RM by a big margin (57%). More significantly, their sell-through rates were better, Gooding up 1.3 points to […]<\/p>\n","protected":false},"author":112,"featured_media":795706,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10112,11577],"tags":[7366,11498,2302],"class_list":["post-369224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auctions","category-auction-action","tag-auctions","tag-gooding-company","tag-rm-sothebys"],"yoast_head":"\nScottsdale Auction Results 2011 - Better Across the Board<\/title>\n<meta name=\"description\" content=\"It\u2019s fair to conclude that the 2011 Scottsdale Auctions were, both quantitatively and qualitatively, the best in several years. 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