Our friends at Hagerty covered Arizona Auction Week 2017, from the debut sale at Worldwide Auctioneers to the 46th annual Barrett-Jackson sale. Their comprehensive daily and summary reports follow, offering several insights and perspectives into the overall direction of the collector car market.
Arizona Auction Week 2017 – Summary Report
Seven days, 3,486 vehicles, and $259.8M later, preliminary figures for the 2017 Arizona auctions are in. Compared to last year, more vehicles were offered, more were sold, and $9M more traded hands. This year’s totals also eclipsed 2014’s $254M total, ranking it as the second biggest week in the event’s long history and reversing 2016’s down year. The bump in sales is primarily due to increased volume as the number of cars crossing the block is up 12% this year. All told, the average sale price for the week fell 11% compared to a year ago.