Five days into the Arizona Auctions, things continue to go well among sub-$1-million vehicles, which make up a massive part of the market. Sale prices consistently have been hitting market-appropriate values throughout the various venues. Things don’t look as bright at the top of the market. Only three of six vehicles bid above $3M thus far have sold, compared to eight of nine trading in 2017. Despite the low sales rate in this segment, the cars were generally bid to numbers that arguably could have closed the deal. Overall, gross totals through Friday are $160.1M, down 14% from 2017.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2018/01/20/2018-scottsdale-arizona-auctions-friday-summary