Auction Stats 
February’s auction sales were dominated by Online auctions as the live auction houses took a breather between the major events in January (Scottsdale and Kissimmee) and March (Amelia and Miami). While 2 of the 3 the Paris auctions did take place partly in February, results were mixed and did not compare to last year’s stellar sales.
As mentioned above, 2 of the 3 major auctions in Paris took place in February. RM Sotheby's Paris took place on January 31st, so it is not included here. If we included the $37.3M from 60 sales in February, 2024 would still show significant decrease from 2023 in Dollar Volume – and a slight increase when compared to 2022.
On the other hand, online auctions had a strong month – with more cars crossing the block and both Average Price and Sell-through rate staying stable compared to last year. In fact, 5 of the Top 10 Sales last month happened online – 3 of them over $1M.
Top 10 Sales in February 2024
Half of the Top 10 Sales in February took place at the live auctions in Paris, while the other half took place at Online auctions. This trend of 7-figure sales at Online auctions is one that we expect to see throughout this year – especially during months when the Live auctions aren't hosting major events.
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Top 10 Flips & Flops in February 2024
Each month, we track "Flips" and "Flops," which we define as cars with documented previous sale records. This enables us to calculate the net gain or loss and the time elapsed since the last sale. While some purists argue that a genuine Flip/Flop occurs only within a 12-month timeframe from the previous sale, we believe this list offers entertainment and valuable insights that a narrower window would overlook. Admittedly, it's plausible that cars have changed hands in private transactions between these public listings; nonetheless, this data provides valuable insights into which cars have realized significant gains or losses compared to their previous sales. Enjoy this data at your own discretion.
Flips
Flops
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Trending Markets in February 2024
Introducing our newest chart: Trending Markets. This chart showcases the Top 10 Markets* with sales in February that saw the most significant growth in CMB** over the last 12 months, ranked by growth percentage. If you bought one of these a year ago, we bet you are pretty happy right now.
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* A Market on CLASSIC.COM is a grouping of comparable vehicles that have, at a minimum, the same Make, Model, and Model Generation. When relevant for purposes of valuation, a Market may be further segmented by Model Variant, Trim, Transmission Type, Body Style, and other factors.
**The CLASSIC.COM Market Benchmark (CMB) is a benchmark value for vehicles in a given Market based on data accumulated by CLASSIC.COM and calculated by a proprietary algorithm that takes into account volume and recency of each data point. CMB can be used to assess the performance of a market over a given time period. However, it does not represent the value of a specific vehicle.
Read more in our Glossary of Terms
