The Auctions America Auburn Fall 2015 sale was held September 2-6 at Auburn Auction Park in Auburn, Indiana, resulting in $19,684,914 in total sales and a 73% sell-through rate on all lots sold.
Held over Labor Day weekend during the Auburn-Cord-Duesenberg Festival, Auctions America’s flagship Auburn Fall sale drew a record 85,000 enthusiasts to the Auburn Auction Park to witness more than 870 collector cars and select memorabilia cross the auction block. Bidders represented 13 countries and 45 states across the United State, with 35 percent of bidders accounting for first-time clientele.
“Each year, our aim is to make Auburn Fall bigger and better, and I’m proud to share that was certainly the case for 2015,” said Donnie Gould, President, Auctions America. “It was our greatest attended event to date, comfortably surpassing 2014 crowds with one less day, and received lots of positive feedback from clients and visitors alike. From an auction perspective, the fact that 35 percent of bidders represented first time clients is also great news and reflects Auctions America’s proven ability to reach and attract new audiences through not only our targeted marketing and client outreach, but by offering diverse, quality product.”
The top result at the Auctions America Auburn Fall 2015 auction went to the 1929 Duesenberg Model J Convertible Coupe by Murphy that sold for $1,402,500. It was joined on the top-sellers list by a British Racing Green 1959 Costin Jaguar Sports Racer for $363,000, and a 1972 Ferrari 365 GTC/4 that sold post-block for $315,000.
The weekend also lifted the gavel on a number of single-vendor collections, including the Steve Ramsey Collection, a group of some 40 automobiles and select memorabilia. The group was headlined by a 2005 Ford GT for $266,750.
The event’s automobilia offering generated more than $614,000 in sales with 97 percent of all lost sold; the tally represents Auctions America’s largest automobilia sale to date, besting the previous year by more than $100,000. Among notable highlights, a Duesenberg Model J Engine more than doubled its low estimate at $57,500; a Chris Craft Boat Bar achieved $32,775; and a Texaco Air Tower sign soared past its pre-sale estimate, realizing $29,900.
“We’re very pleased with our results,” said Auctions America’s new director of Automobilia, Kurt Forry. “Our strong sell-through rate, spirited bidding and a few record prices achieved for collectibles offered as part of the Steve Ramsey Collection, brought increased interest from both local and international bidders. The results certainly demonstrate the continued strength and growth of the collector Automobilia market and demand for the finest examples.”
Auctions America Auburn Fall 2015 – Top Five Auction Results
1. 1929 Duesenberg Model J Convertible Coupe – $1,402,500
2. 1959 Costin Jaguar Sports Racer – $363,000
3. 1972 Ferrari 365 GTC/4 – $315,000
4. 2005 Ford GT – $266,750
5. 1953 Oldsmobile Fiesta Convertible – $209,000
For complete auction results, visit AuctionsAmerica.com.
Auctions America rounds out its 2015 calendar with its debut sale during the Hilton Head Island Motoring Festival and Concours d’Elegance, October 31 in South Carolina. For further information on this event, visit AuctionsAmerica.com or call toll free 877.906.2437 (+1 260 927 9797 outside North America).
[Source: Auctions America]