RM Phoenix Sale - Shelby Cobra 427


After four years of two-day sales in Phoenix, RM reformatted its annual Arizona event, held Jan. 18, 2013, into a single-day affair. Held at the Arizona Biltmore as always, RM reduced the number of cars on offer from 140 to 84 and singularly focused on the high end of the market — only six lots carried pre-sale high estimates below $100,000. The results validated the strategy, as total sales were improved by $10.8M to $36.4M despite having 56 fewer lots to sell. The average sale price was obviously improved as well, more than doubling from $203,654 to $485,511.

This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2013/01/29/rm-auctions-phoenix-sale