Write it on your heart that every day is the best day in the year.
Ralph Waldo Emerson
Ferraris reigned supreme at RM and Gooding & Co. classic car auctions in Scottsdale, while an all-American nameplate was the top draw at Barrett-Jackson as sales hit new highs.
As expected, RM’s headliner was a 1958 Ferrari 250 GT LWB California Spider, which topped the two-day sale at $8.8 million. Overall sales hit $45 million with 10 million dollar-plus sales. That topped last year’s total of $38 million. Gooding tallied up more than $49 million at its Scottsdale Fashion Square location with an average price of $449,650 per car.
“2014 looks brighter than ever for the high-end collector car market. Supporting this trend, Gooding & Co. broke nine world records during Arizona auction week,” saysDavid Gooding, company founder and president.
At $6.2 million, the top sale at Gooding’s auction was another 1958 Ferrari, this time a dark blue 250 GT Series 1 Cabriolet. In all, six cars sold for more than $2 million and 13 sold for more than $1 million.
Meanwhile, the third annual Bonhams auction at the Westin Kierland Resort & Spa nearly doubled last year’s results with sales of nearly $25 million at the one-day event.
Top cars included a 1931 Alfa Romeo 6C 1750 Supercharged Zagato Gran Sport Spider, which achieved a new world auction record for the model at $3.08 million. A 1951 Ferrari 212 Export Touring Berlinetta went for $3.19 million to an American collector as a bidding battle raged in the room and on the phone.
Barrett-Jackson’s top sale was a drag-racing 1967 L88 Corvette at $3.85 million, including buyer commission. Announcers said only 20 such cars were built, this being the only red-on-red version.
The sale was part of an elite Salon Collection Saturday that focused on American cars. A second Salon group hit the block later that day.
As always, charity cars were a big hit and included sale of the first new-generation Ford Mustang to hit the streets, marking the pony’s 50th anniversary in 2015. The $300,000 raised will help fund Type 1 diabetes research. The 2015 Mustangs will arrive in dealerships this fall.
The six-day Barrett-Jackson auction also is expected to set a record with sales topping $100 million, according to Fox Sports, which broadcast much of the auction action live.
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
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Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
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