Arizona auctions poised for record year
RM AuctionsThis 1959 Costin Jaguar sold for $209,000 at the RM sale in Arizona, helping the company to its best-ever week there.
Gooding & Company finished its second and final day of auctions Saturday, and as has become the norm, beat last year's totals. Closing out its week at an estimated $34.9 million, eight lots made it into the million-dollar club as well.
Last year's results posted $33.9 million; the estimated $1-million gain closes out the week second only to Barrett-Jackson.
RM Auctions, as reported earlier, finished the week posting sales of $30.6 million, and had its best week ever in Arizona. Growth against last year's total of $19.6 million was notable.
With one day left of auctions, Russo and Steele has unverified results of $17.9 million. Last year's Russo & Steele results were way down as a result of the tent collapse, but they are already equal to their 2009 levels. Barrett-Jackson, also with one day of sales remaining, is poised to beat its 2010 levels, with an estimated $65.9 million.
Silver Auctions, returning to its Fountain Hills location just a few miles from Scottsdale, will also beat dollar amounts from last year. With Sunday sales left to complete, its two-day total stands near $3.2 million.
When final results are tallied, 2011 will beat 2010 for each auction company, and for most will be an all-time best year.
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