BROAD ARROW AMELIA ISLAND AUCTION RE-CAP

The Broad Arrow Auction at The Amelia significantly outperformed its forecasts, achieving over $63M in total sales with a remarkable sell-through rate of 92%. As the event's official auction house for the second year, Broad Arrow hosted a two-day event that attracted a full house, with over 1,000 bidders and guests in attendance. The atmosphere was charged with excitement throughout, leading to a dramatic increase in sales figures, nearly doubling from the previous year's $31M. 

Key sales included a 1967 Ford GT40, fetching $4,405,000, and a 2022 Bugatti Chiron Pur Sport, which went for $4,047,500. Noteworthy sales from the Racer X Collection, which featured 12 cars all sold on Friday evening, included a 1966 Shelby 427 S/C Cobra sold after the auction concluded. The following day, the Gregorie Neck Collection also saw impressive outcomes, with a 1938 Mercedes-Benz 540K Cabriolet by Norrmalm leading at $1,435,000. Additionally, a post-auction sale featured the 1959 Porsche 718 RSK Spyder “Lucybelle III,” which quickly found a new owner after the event.

One of our previous restorations - this 1964 Jaguar E-Type FHC was featured at Broad Arrow's Amelia Island auction with a selling price of $159,600. This special E-Type features an upgraded 3.8-liter six-cylinder engine with a five-speed manual transmission, knock-off Dunlop wheels, enclosed Aston Martin headlamps, and Wilwood disc brakes.

image courtesy of broadarrowauctions.com

GOODING & CO. AMELIA ISLAND AUCTION RE-CAP

The 2024 Gooding & Company auction at Amelia Island, Florida, was a notable event in the classic car auction calendar, drawing attention with some spectacular sales and setting new records. The auction achieved a total of $67,342,270 with an 87% sell-through rate, selling 111 of 127 lots. The average price per lot sold was approximately $606,687, and 14 cars sold for over a million dollars each​​.

Among the highlights were a 1903 Mercedes-Simplex 60 HP 'Roi des Belges' selling for a remarkable $12,105,000, setting a new record for pre-1930 vehicles and becoming the most expensive car produced before 1930 to be sold at auction. This vehicle has a rich history, including setting a speed record and participating in early 20th-century races​​.

Other notable sales included a 1954 Ferrari 500 Mondial Series I Spider, a 1972 Ferrari 365 GTB/4 Daytona Spider, and a 2015 Porsche 918 Spyder Weissach, each fetching several million dollars. The Daytona Spider, in particular, sold for $3,635,000, setting a new record for the model​​​.

The auction also featured a variety of cars that exceeded expectations, such as a 1962 Volvo P1800 sold for $95,200, showcasing the market's appreciation for rare and well-preserved examples of less traditionally prestigious makes​​.In addition to the cars, the auction atmosphere and the spirited bidding underscored the continued enthusiasm for classic and collector cars, with modern hypercars like a 2020 McLaren Speedtail also drawing significant attention and fetching $2,067,500.

BONHAMS AMELIA ISLAND AUCTION RE-CAP

The 2024 Bonhams auction at Amelia Island, Florida, continued its tradition of offering a diverse range of vehicles, from pre-war classics to modern exotics, with a sell-through rate of 66%, with $6,723,425 in total sales. Despite being a smaller event in terms of the number of cars and overall results compared to previous years, the auction featured some notable sales. One of the highlights was the sale of a reconstructed 1904 Gordon Bennett Napier racing car, which, built around the original 15-liter engine, fetched $742,000. This vehicle is notable for being one of the first cars to achieve 100 mph and for setting a speed record at Daytona Beach in 1905​​.

Other significant sales included a 2007 Honda NSX-R GT by Spoon, which sold for $368,000, exceeding its estimated value. This vehicle was notable for its original as-raced condition and its significance in Japanese motorsport history​​. A 1961 Morgan Plus 4 Super Sports, known for its performance and homologation history, sold for $100,800, aligning with its estimate. This model is a classic example of Morgan's racing heritage and was well received by collectors​​. Additionally, a 1978 Toyota Land Cruiser FJ40, after a recent restoration that brought it to better-than-new condition, went for $72,800, below its estimated range but still highlighting the strong interest in high-quality restorations of classic SUVs​​.Other vehicles of note included a 1993 Mercedes-Benz 250GD "Wolf" that sold for $89,600, a 1966 Porsche 911 2.0 Coupe fetching $98,560, and a 1997 Porsche 911 Type 993 Carrera Cabriolet that brought in $71,680. A 1970 Mercedes-Benz 300 SEL 6.3 Sedan also caught attention with a sale price of $103,600, well above its market benchmark value​​. Overall, the 2024 Bonhams auction at Amelia Island showcased a varied collection, from historically significant race cars to beautifully restored classics and modern high-performance vehicles, demonstrating the broad interest and vibrant market for collector cars.