Classic Car Auction Reaches $224M in Sales

Posted: Jan. 22nd, 2013  |  By DailyLuxe News

Photo: Joshua Lott/Reuters

An auction held last week in Scottsdale, Arizona, that featured classic, vintage, and iconic automobiles of various shapes and sizes resulted in sales of $223.8 million.  The automotive auction, an annual event held by classic-car auctioneers Barrett-Jackson, sold a total 2,234 cars, reports the New York Times

The highest-priced car sold was a 1958 Ferrari 250 GT California LWB Spider, which sold at $8.25 million. Another Ferrari, a 1960 250 GT SWB Competizone Berlinetta, was the second highest priced seller at  $8.14 million. Perhaps the most famous vehicle, the Batmobile of the campy TV show of the 1960s, was the third highest-priced car sold at $4.62 million.

The valuation of the vehicles is according to Hagerty,a classic-car insurance brokerage, which tracked sales at the Barrett-Jackson auction.  

“The final numbers demonstrate a significant increase over 2012 with sales from all auction companies adding up to $223.8M,” Jonathan Klinger, a Hagerty spokesman, said in an e-mail. “This is up significantly from 2012 ($183.9M) and is the first time the Scottsdale auctions have surpassed $200M.”