Scott Grundfor Company was on hand for another action packed weekend of collector car auctions in Scottsdale, Arizona from January 28th – 31st. As expected, huge volume was done by Barrett Jackson, Gooding, RM, Bonhams and Russo…but things were a little more subdued this year than the past few years with what seemed like the vast majority of lots hitting the low end of their estimates.
Whether it’s a sign of a weakened stock market, low oil prices or just the large numbers of auctions and cars within those auctions (all factors of note, but our bet is the latter), the Scottsdale Auction weekend for 2016 showed a slow down in the market. Our take is that it was a weekend of lots filled less with elite cars, by both make/model and particular examples on hand, and more with plain volume. There were of course many wonderful cars on hand and heaping handfuls of million dollar plus sales (particularly at RM) but in general the mood could best be described as tepid.
Despite the drop off from previous major auction weekends though there was still a copious amount of automotive capital exchange on display. Please find full auction lot links, weekend highlight sales picks and our 300SL lot links below.
FULL RESULTS
HIGHLIGHT SALES
1959 MERCEDES-BENZ 190SL ROADSTER Sold $192,500 Barrett Jackson CLICK IMAGE FOR FULL DETAILS
1929 Duesenberg Model J Disappearing Top Torpedo Convertible Coupe by Murphy Sold for $3,000,000 RM Sotheby’s CLICK IMAGE FOR FULL DETAILS
1965 Ferrari 275 GTB by Scaglietti Sold for $2,117,500 RM Sotheby’s CLICK IMAGE FOR FULL DETAILS
1962 Maserati 5000 GT Coupe by Allemano Sold for $1,540,000 RM Sotheby’s CLICK IMAGE FOR DETAILS
2015 MCLAREN P1 Sold for US$ 2,090,000 Bonhams CLICK IMAGE FOR FULL DETAILS
1965 Shelby 427 Competition Cobra Sold for $2,255,000 RM Sotheby’s CLICK IMAGE FOR FULL DETAILS
1937 Mercedes-Benz 540 K Special Roadster by Sindelfingen Sold for $9,900,000 RM Sotheby’s CLICK IMAGE FOR FULL DETAILS
300SL Lot Links
1962 MERCEDES-BENZ 300SL ROADSTER Sold for US$ 1,485,000
1955 Mercedes-Benz 300 SL Gullwing Sold for $1,155,000
1957 Mercedes-Benz 300 SL Roadster Sold for $935,000
1958 Mercedes-Benz 300 SL Roadster Sold for $1,265,000
1957 Mercedes-Benz 300 SL Roadster SOLD $792,000
1959 Mercedes-Benz 300 SL Roadster SOLD $1,155,000
1954 Mercedes-Benz 300 SL Gullwing (NO SALE)
