Auction Results: July 2023

In July 2023, we saw a total of $287M cross the auction block from almost 6,300 sales. Although these numbers show a slight decline compared to July 2022, they overall reflect the market stability that we’ve been witnessing throughout 2023.

In an interesting turn of events, July 2023 marked the first month of the year where we observed a decrease in Total Listings brought to auction. While online auctions maintained a similar number of Total Listings compared to last July, live auctions experienced a slight decline. This decline, however, is not significant and indicates the market's stabilization in 2023 rather than a significant downturn. Surprisingly, July emerged as the second busiest month in terms of listings sold this year, with January taking the lead due to the influential Kissimmee and Scottsdale auctions that typically drive strong performance.

As we go into August, anticipation builds as the auction world congregates in Monterey, California for its annual event. Each year, this gathering showcases some of the most valuable auctions in the industry. Notably, this year's edition promises to be extraordinary, with a record-breaking number of cars being presented. Get the Monterey Preview here >

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Top 10 Sales in July 2023

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Top 10 Flips & Flops in July 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 July 2023

While the overall market is stable, the listings below broke records 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!

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Results are included from the following auctions in July 2023: