FROM THE PUBLISHER
Dear Reader, March 2015 Scottsdale Auto Extravaganza 2015: Well, the pundits are calling it a “plateau” in the values of classic, luxury and exotic cars. They are saying this in general terms. But, let’s be specific here—2,532 cars sold at an average price of $115,729. Both numbers are up —10% and 8% respectively. Gross sales were up 18% at $292 million for the week for all five auctions. Take out the impact of Ron Pratte’s Collection “exit stage left” (or rather, right at Barrett-Jackson), the numbers are still up 4% and almost $10 million. One heck of a plateau with one heck of a lot of buyers. Remember, if the closing bids were $292 million, there was well over $500 million in play, if you include the under bidder. It is true that prices…
