The first car auction of 2015 just wrapped up in Scottsdale, Arizona, with a record $292.8 million in sales. This is an 18 percent rise from last year's auction, proving that classic cars remain a safe haven for the rich to invest their money.
Eighty-six percent of the lots sold, with an average selling price of $115,729. All the big auction houses saw increases in sales this year compared to 2014.
RM Auctions had the biggest boost, ringing up $63.7 million compared to $45.6 million in 2014. Almost $10 million of that came from one car, a 1964 Ferrari 250 LM Coupe, which was the top overall sale this year.
Below is the list of the top sellers from the Scottsdale auction:
- 1964 Ferrari 250 LM Coupe: $9,625,000
- 1966 Ferrari 275 GTB Competizione coupe: $9,405,000
- 1959 Ferrari 250 GT LWB California Spyder: $7,700,000
- 1966 Shelby Cobra 427 "Super Snake": $5,115,000
- 1962 Ferrari 400 Superamerica Series I Aerodinamico coupe: $4,070,000
- 1950 General Motors Futurliner Parade Of Progress tour bus: $4,000,000*
- 1967 Ferrari 275 GTB/4 coupe: $3,657,500
- 1973 Ferrari 365 GTS/4 Daytona Spyder: $3,300,000
- 1954 Pontiac Bonneville Special Motorama concept car: $3,300,000
- 1966 Ferrari 275 GTB/2 long-nose coupe: $2,750,000
Source: Hagerty; *Sold for charity.