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By Larry Edsall
Back to ClassicCars.com Community

Amelia Island auction results show strength of the classic marketplace
By Larry Edsall

Larry Edsall at ClassicCars.com

How strong is the classic car market? Strong enough that owners of a half dozen vehicles were able to walk away from nearly $6.5 million in firm bids at the RM and Gooding & Company auctions last weekend on Florida's Amelia Island.

Despite those bids not reaching the car owners' reserve prices, the two auction houses still did more than $54.8 million in business as they sold some 95 percent of the 160 vehicle consignments they offered.

The high-dollar sale of the weekend was the $4.510-million transaction at RM involving one of three 1935 Duesenberg Model SJ convertible coupes, though this was the only one built with a supercharged engine.

Also at RM, a 1933 Stutz DV32 convertible Victoria went for more than $1.512 million, a 1965 Ferrari 275 GTB brought $1.375 million, a 1952 Ferrari 225 Sport Berlinetta “Tuboscocca” went for $1.237 million, and a 1911 Lozier Model 51 seven-passenger touring sold for $1.1 million.

The prices paid for the Stutz and Lozier were more than double their pre-auction estimates.

The top sales at Gooding included $2.75 million for a 1928 Bentley 4 1/2-litre Semi-Le Mans tourer, $2.365 million for a 1966 Ferrari 275 GTB long-nose alloy, $1.98 million for a 1929 Rolls-Royce Phantom I Derby Speedster and $1.76 million for a 1953 Fiat 8V Supersonic that sold to benefit St. Jude Children's Research Hospital.

The Rolls, which more than doubled its pre-auction estimate, and a pair of Ferraris -- a '67 275 GTB/4 and a '95 F50 that each sold for more than $1.6 million -- were part of a dozen-car consignment from one collection that accounted for some $9.27 of the sale's total dollar figure in what amounted to a sale within a sale.

But the sales totals at both auctions might have been even higher had owners been willing to remove their reserves. For example, a 1965 Aston Martin short-chassis Volante was bid to $1.2 million at Gooding while owners at RM turned down $1.425 million for a Tucker, and $1.3 million for a 1970 Porsche racer.

The auctions on Amelia Island boost the 2013 Florida-venue total more than $130 million with two major events still on the calendar -- Auctions America at Fort Lauderdale March 22-24 and Barrett-Jackson at Palm Beach April 4-6.

Click here for event calendar.

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