In the US, this is the weekend for the Scottsdale Az Collector Car Auctions.
Barrett-Jackson dominates the weekend, with several days of live auctions. 75% of the cars are post 1940 US, with many modified classics (high end hot rods) and customs among the baby boomer muscle cars.
However the other major players are well represented- Gooding, RM Sothebys, Bonhams and others.
Several are now streaming their auctions online so you can see the action in real time.
A trend I noticed last summer during Monterey Week seems to be continuing in Scottsdale- 90% of cars NOT achieving pre-sale estimates. In most cases falling short by 10-20%, with some even more.
Just a few examples of MANY
1967 Ferrari 330GTC Ex Onassis / $425k vs 750-900K
1961 MB 300SL Roadster / $700k right on low end
1997 Ranger Rover Defender / $147,500 vs 200k
1973 Dino 246 / less than 300k vs 325-400K
1953 Jag 120 Roadster / $57,500 vs 80-90k
1981 Ferrari 308GTS / $62k vs 90-100K
1958 Ferrari 250GT Cab-Ser1 / $5mm vs 6-7mm
1972 Alfa Montreal with invitation to display at "The Quail" / $60k vs 100-130K (The Quail is a show and sale during Monterey week- showing at this and similar shows can increase car value)
I tend to discount Barret Jackson because of all of the over the top histrionics. But I watched their auction last night, while monitoring RM online. There were a few very very similar cars going through both venues....Austin Healey 3000, 1966-1967 Big Block Corvettes, Lincoln MK-II, Ser-1 and Ser-2 Jag roadsters. Across the board, BJ seemed to achieve $5-$10k higher sales prices than RM. Interesting. OTH, BJ does not generally post presale estimates so it is hard to gauge results vs expectations.
Anyone else noticing a possible softening of the market ?