The pandemic boom is over? Scottsdale auctions 2023 results.

Photograph Courtesy RM Sotheby's

Sales at the 2023 Scottsdale auctions totaled more than $263 million, according to Hagerty, pushing the January total to over $487 million–the strongest January to date.

That high number comes with a caveat: The pandemic boom is likely over, as Hagerty noticed many who bought cars during the pandemic are now starting to see losses as they sell off their stock.

The good news out of Scottsdale, though, is that live auctions still have a place in the collector car market–and can generate serious money for the right cars.

Totals and top sales, by auction company (courtesy Hagerty):

Barrett-Jackson

  • Cumulative Total: $183.6 million
  • Average Sale Price: $97,032
  • Overall Top 10 Sales:
  1. 1989 Ferrari F40 Coupe sold for $2,750,000
  2. 2005 Porsche Carrera GT Coupe sold for $1,595,000
  3. 2020 Ford GT Carbon Series Coupe sold for $1,320,000
  4. 2019 Ford GT Carbon Series Coupe sold for $1,320,000
  5. 1967 Chevrolet Corvette sold for $770,000
  6. 1966 Shelby GT350 Fastback sold for $770,000
  7. 1969 Chevrolet Camaro ZL1 Sport Coupe sold for $770,000
  8. 2012 Lexus LFA Coupe sold for $748,000
  9. 2021 Ferrari SF90 sold for $742,500
  10. 2019 Lamborghini Aventador sold for $671,000

RM Sotheby’s

  • Cumulative Total: $44.9M
  • Average Sale Price: $560,959
  • Overall Top 10 Sales:
  1. 2014 Ferrari LaFerrari Coupe sold for $4,075,000
  2. 1971 Lamborghini Miura P400 SV Coupe sold for $3,580,000
  3. 1967 Ferrari 275 GTB/4 Coupe sold for $3,360,000
  4. 1969 Chevrolet Corvette ZL-1 Convertible sold for $3,140,000
  5. 1992 Ferrari F40 Coupe sold for $2,260,000
  6. 1966 Ferrari 500 Superfast Series I Coupe sold for $2,205,000
  7. 1958 Mercedes-Benz 300SL Roadster sold for $1,820,000
  8. 1987 Porsche 959 Komfort Coupe sold for $1,682,500
  9. 2005 Porsche Carrera GT Coupe sold for $1,242,500
  10. 2017 Ferrari F12tdf Coupe sold for $1,242,500

Bonhams

  • Cumulative Total: $30.0M
  • Average Sale Price: $280,821
  • Overall Top 10 Sales:
  1. 1912 Simplex 50HP 5 Passenger sold for $4,845,000
  2. 2006 Maserati MC12 Corsa Coupe sold for $3,811,000
  3. 1958 BMW 507 Roadster sold for $2,067,500
  4. 1965 Ferrari 275 GTS Spider sold for $1,586,250
  5. 1953 Siata 208 Coupe sold for $1,572,500
  6. 2005 Porsche Carrera GT Coupe sold for $1,033,500
  7. 1957 Chrysler Ghia Super Dart 400 Coupe sold for $819,000
  8. 1954 Chrysler Ghia GS-1 Coupe sold for $802,500
  9. 1962 Dual-Ghia L6.4 Coupe sold for $577,000
  10. 2018 Aston Martin Vanquish Zagato Volante Convertible sold for $544,000

MAG Auctions

  • Cumulative Total: $4.9M
  • Average Sale Price: $30,158
  • Overall Top 10 Sales:
  1. 1967 Chevrolet Corvette Roadster sold for $186,300
  2. 1969 Chevrolet Camaro RS Hardtop sold for $150,120
  3. 1958 Chevrolet Impala Convertible sold for $150,120
  4. 1961 Chevrolet Impala SS Hardtop sold for $108,000
  5. 1972 Chevrolet C10 1/2 Ton Pickup sold for $99,900
  6. 1996 Dodge Viper GTS Coupe sold for $82,620
  7. 1955 Ford F-100 Custom Panel Truck sold for $82,080
  8. 1961 Cadillac Eldorado Biarritz Convertible sold for $75,600
  9. 2007 Freightliner M2 sold for $75,600
  10. 1958 Chevrolet Corvette Convertible sold for $75,600
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Comments
BoulderG
BoulderG New Reader
2/1/23 6:21 p.m.

Very interesting!

Any info on how many vehicles were sold?

Curious: If Barrett-Jackson had an average sale of $97K, with the top four well over $1Mil and the top ten all north $500K, I wonder what the bottom 50 cars sold for?

(Besides the obvious "still more than I can afford.")

Colin Wood
Colin Wood Associate Editor
2/2/23 8:57 a.m.

According to the data I'm looking at, a total of 2436 cars were sold.

And as far as your Barrett-Jackson question, I'd have to do a lot more digging, but I know that there are a lot of cars (in pretty much every auction) that are often a bit more pedestrian than the top-tier blue chips that get all the media attention.

MiniDave
MiniDave Reader
2/2/23 1:46 p.m.

Hey, BaT sold a Rabbit GTi for $87K!  smiley

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