Auction Results: April 2023

In April 2023, the number of cars sold at auction increased by 13% compared to the same period in the previous year. However, the total Dollar Volume generated from those sales remained steady, resulting from a decline in the Average Price and Sell-through rate. Although the Market remains highly active, we’re witnessing a plateau in growth compared to the significant surge experienced over the past 2 years.

With 56% of the Dollar Volume and 62% of the Sold Listings attributed to them, it's evident that Online auctions continue to be a force to be reckoned with. On the other hand, Live auctions boasted a higher Average Price and Sell-through Rate, which is worth noting when deciding on the most suitable auction format for selling or buying your next specialty car. It's essential to weigh the benefits and drawbacks of each option carefully to make an informed decision. If you need help with that, let one of our Pros help you >

Top 10 Sales in April 2023

When it comes to Top Sales, Live auctions continue to top the charts – with Mecum taking the top slot with a 300SL Gullwing that has changed hands 3 times in the past 15 months. We also saw 2 online auctions in the Top 10 – both from Bring a Trailer – including a low-mileage Ferrari 550 Barchetta Pininfarina which sold for over $190k over it's last sale price 5 years ago.

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Top 10 Flips & April in April 2023

A "Flip" or "Flop" is defined as a car for which we have a previous sale record, so we can determine the net gain/loss and time since the previous sale. Obviously, it's possible that cars have changed hands in private sales between these public listings, but it still provides great insight into the market to see which cars sold for substantial gains or losses over their previous sales.



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Market Busters in April 2023

While the overall market is stable, the listings below broke the record to become the Top Sale in their individual Markets last month. Rest assured, if you've got a great example of a collector car, the buyers are out there!

Results are included from the following auctions in April 2023: