Are 40-50% sales rates the norm these days, or are we seeing a downturn this year?
Thank you to Hagerty for once again providing a detailed report on the Monterey auctions. Listed below are the raw results witnessed by Hagerty during the live auctions and may not factor in any post-sale deals that have occurred. These numbers include the appropriate buyer’s premiums.
Overall through Thursday from all auction companies
Thursday Total: $4.7M
155/365 lots sold: 42% sell-through rate
Average Sale Price: $30,309
Median Sale Price: $25,925
2015 Cumulative Results Through Thursday
Total: $72.2M
187/441 lots sold: 42% sell-through rate
Average Sale Price: $385,180
Median Sale Price: $26,400
Overall Top 10 Sales from all auctions through Thursday:
1913 Excelsior Big Valve Twin Motorcycle sold for $110,000 (Mecum)
2015 Dodge Viper SRT TA 2.0 Coupe sold for $94,600 (Mecum)
1997 Porsche 911 Carrera 4S Coupe sold for $89,100 (Mecum)
1979 Porsche 911 Carrera Turbo Coupe sold for $88,000 (Mecum)
1977 Ferrari 308 GTB Coupe sold for $83,600 (Mecum)
1963 Chevrolet Corvette 327/300 Split-Window Coupe sold for $72,600 (Mecum)
1963 Ford Galaxie 500 427/425 Hardtop Coupe sold for $69,850 (Mecum)
2002 Bentley Azure Convertible sold for $66,000 (Mecum)
1974 Jaguar E-Type SIII Roadster sold for $66,000 (Mecum)
2006 Bentley Continental GT Coupe sold for $66,000 (Russo and Steele)
1954 Cadillac Eldorado Convertible sold for $66,000 (Russo and Steele)
Individual sales from each auction company:
Mecum
Thursday total: $3.7M
121/295 lots sold: 41% sell-through rate
Average Sale Price: $30,541
Median Sale Price: $25,300
Top 10 Thursday Sales:
1913 Excelsior Big Valve Twin Motorcycle sold for $110,000
2015 Dodge Viper SRT TA 2.0 Coupe sold for $94,600
1997 Porsche 911 Carrera 4S Coupe sold for $89,100
1979 Porsche 911 Carrera Turbo Coupe sold for $88,000
1977 Ferrari 308 GTB Coupe sold for $83,600
1963 Chevrolet Corvette 327/300 Split-Window Coupe sold for $72,600
1963 Ford Galaxie 500 427/425 Hardtop Coupe sold for $69,850
2002 Bentley Azure Convertible sold for $66,000
1974 Jaguar E-Type SIII Roadster sold for $66,000
1998 Porsche 911 Carrera Convertible sold for $64,900
2015 Results through Thursday
Cumulative Total: $4.3M
133/324 lots sold: 41% sell-through rate
Average Sale Price: $31,770
Median Sale Price: $23,100
Russo and Steele
Thursday total: $1.0M
35/70 lots sold: 50% sell-through rate
Average Sale Price: $29,144
Median Sale Price: $28,050
Top 10 Thursday Sales:
2006 Bentley Continental GT Coupe sold for $66,000
1954 Cadillac Eldorado Convertible sold for $66,000
1966 Volkswagen Transporter Deluxe 21-Window Microbus sold for $61,600
1964 Chevrolet Impala SS Custom Convertible sold for $55,000
1956 Mercedes-Benz 300C Sedan sold for $45,100
1968 Chevrolet Camaro RS/SS 396/325 Sport Coupe sold for $44,000
1990 Porsche 911 Carrera 2 Coupe sold for $42,900
1965 Ford Mustang Custom Fastback sold for $39,600
1974 Porsche 911S Targa sold for $37,950
1999 Rolls-Royce Silver Seraph Sedan sold for $36,300
2015 Results Through Thursday
Cumulative Total: $647K
25/59 lots sold: 42% sell-through rate
Average Sale Price: $25,916
Median Sale Price: $19,250
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