First-generation Dodge Vipers have been on our short list for budget performance cars for years now. With solid examples of the early Viper RT/10 roadster typically selling in the $30,000 bracket, we'd argue there are few more potent or eye-catching cars for the money. So what to make of a 1992 Dodge Viper bringing $285,500 at Bonhams' Scottsdale auction? Let's just say this is no ordinary Viper; it's only previous owner was the late Lee Iacocca and the car was also the first production Viper built, with number 001 on the VIN tag.
The 2020 Arizona Auction Week — a “week” that actually encompasses 10 days — concluded Jan. 19 with $244.1 million in overall sales. This is a 3% decrease from the $251 million figure in 2019 despite an additional 574 cars being sold (a 17% increase). There also were 8 auctions in 2020 compared to 7 in 2019. The takeaway for many is that the dramatic drop witnessed this past summer at the Monterey auctions was not repeated in Arizona, but there are plenty of devils in the details. Most important is vehicle condition. Finely presented and rare cars sold extremely well, but there were relatively few of those in the Arizona auction tents.
The Barrett-Jackson classic car auction finished its 49th year in Scottsdale in record-setting fashion on Sunday.
Almost 2,000 no-reserve cars hit the block during the nine-day event at WestWorld, eclipsing the previous record for any public collector car auction of 1,800 vehicles set last year.
Super Saturday at the auction saw the sale of a 2020 Chevrolet Corvette Stingray with VIN number 001 to NASCAR team owner Rick Hendrick for $3 million.
How do you know when it’s time to sell one of your cherished collector cars?
The late Gordon Apker once told me that if he hadn’t driven a car within the last two years, he sold it. Another owner of a sizable collection explained that his wife wouldn’t allow him to build yet another garage, so if he wanted to keep buying — and he did — he had to start selling.
When I was first writing about the collector car hobby, someone who had been around long enough to understand the marketplace told me to pay attention to the three D’s: death, divorce, deaccession.
The RM Sotheby’s Arizona 2020 sale was staged Jan. 16-17 at the Arizona Biltmore Resort in Phoenix, resulting in $30,421,810 in total sales and a 90% sell-through rate. RM’s 21st annual Arizona Auction Week event featured a selection of more than 140 automobiles. The top result at the 2020 RM Sotheby’s Arizona Auction Week sale went to the 2018 Pagani Huayra Roadster that sold for a final $2,370,000. The 42nd of 100 built and showing less than 200 miles, the Pagani was finished in Blue TriColore with exposed carbon weave trim throughout. (Image: RM Sotheby’s)