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Arizona Auction Action – First Big Event of the Year Sets Multiple Records

Ferraris lead the weekend, but even Detroit iron scores big.

by on Jan.20, 2014

A 1997 McLaren F1 goes up for bidding at the Gooding and Company auction in Scottsdale.

It may have been frigid cold in much of the country but the only word for Scottsdale, Arizona this past weekend was hot.

The Scottsdale auctions, that is, as an array of the world’s biggest automotive auction houses gathered in the tony Phoenix suburb for the first big event of the 2014 collector car season.  And the results were impressive, Gooding & Company alone claiming to set 11 new records, the auction house gaveling in a bid of $6.2 million for a 1958 Ferrari 250 GT Series 1 Cabriolet, one of numerous all-time highs.

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That said, the weekend wrapped up without setting a new overall auction record, the pinnacle reached last summer when a Mercedes-Benz W196 sold for nearly $30 million.  But few appeared to be complaining about one of the most successful auction events on record, as just the top three auction houses alone reported a collective take of nearly $120 million.

The figure is expected to increase substantially when other auction houses weigh in, notably including the original Barrett-Jackson which helped turn Scottsdale into a must-attend weekend gathering for collectors.  According to a preliminary count by Hagerty Insurance, which specializes in collector cars, the grand total is likely to near $250 million.

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Pebble Beach Concours Pits Millionaires Against The Billionaires

Classic car show a Woodstock for the upper class.

by on Aug.16, 2010

This 1933 Delage D8S De Villars Roadster from the Patterson Collection took Best-of-Show honors at the 2010 Pebble Beach Concours d'Elegance.

Bill Tanner was at a rare loss for words.  He was running down a list of his car collection and got through the Bentleys, the Ferraris and the new Mercedes-Benz SLS.  But he couldn’t quite remember what the rest of them were.  So goes life when you’ve got some of the most exclusive automobiles in the world vying for space in your 14-car garage.

The Los Angeles investor was just one of the many affluent car collectors gathered in Pebble Beach, the tony Central California community, over the weekend, for the annual Pebble Beach Concours d’Elegance, an event generally conceded to be the most elegant and exclusive classic car show in the world.

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A Classic!

Celebrating its 60th anniversary, the Concours was crowded with more than 180 rare collector cars, hot rods, motorcycles and even some historic camper trailers, all competing for the Best-in-Show award that can turn the rare automobile into one of the world’s most sought-after and expensive vehicles.
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