As we reach the midpoint of 2024, the overall trend remains stable. However, a closer look at the numbers reveals that Online Auctions are experiencing consistent growth, while Live Auctions are seeing less activity. Despite this, Live Auctions are not becoming obsolete; they still generate the strongest sales of the year.
June Breakdown
Overall, the dollar volume at auctions saw a year-over-year increase of just 4%. This growth was driven by a 7.6% rise in sales at online auctions, while live auction volume decreased by 1.7%.
The 1% growth in overall sold listings doesn't paint the full picture. Live auction sold listings dropped by 30%, whereas online auction listings increased by 10%.
Despite the notable decrease in dollar volume and sold listings, it's important to highlight that live auctions still achieve higher average prices and sell-through rates compared to online auctions. Moreover, they continue to dominate the top sales charts.
Year-to-Date
June marks the half-way point of the year, read our 2024 Half-time Report to dig into the details of the trends so far in 2024.
Notable Sales
Top 10 Sales in June 2024
All of the Top 10 Sales this month took place on June 1st at RM Sotheby's Dare to Dream auction. The Top Online sale came in #16 on the list – this 1989 Ferrari F40 that sold at Collecting Cars for $1.5M.
If the Top 10 Sales chart above does not load, please refresh the page and wait 10 seconds. Thanks for your patience while we get the gears running.
Top 10 Flips & Flops in June 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
If the Top Flips & Flops charts above do not load, please refresh the page and wait 10 seconds. Thanks for your patience while we get the gears running.
Market Busters in June 2024
While most statistics and reviews tend to concentrate on the upper echelon of the market, noteworthy examples are consistently emerging across all segments of the industry. Our "Market Busters" chart showcases listings that broke records within their respective market segments and across all value tiers.
If the Market Busters chart above does not load, please refresh the page and wait 10 seconds. Thanks for your patience while we get the gears running.
![](https://live-classicdotcom.pantheonsite.io/wp-content/uploads/2023/03/GARAGE-COMPS-NEWSLETTER.png)
Results are included from the following auctions in June 2024:
Online Auctions:
- ACC Auctions
- Auctomobile
- AutoHunter
- Bonhams | Cars Online
- Bring a Trailer
- Cars & Bids
- Catawiki Classic Cars
- CCA Everyman Practical Classics
- Clasiq Auctions
- Collecting Cars
- Collector Car Canada
- Fast Car Bids
- Formula Auctions
- Guys with Rides
- Hagerty Marketplace Auctions
- H&H Auctioneers
- Hemmings Auctions
- ISSIMI
- JDM Supply
- Kickdown
- Marqued Auctions
- P1 Groupe Auctions
- PCARMARKET
- Sackey & Co
- The MB Market
US & CA Live Auctions:
- Bonhams AMG Rediscovered, Part 1
- Mecum Tulsa
- RM Sotheby's Dare to Dream
- Trucks & Auto Northwest Collector Cars
UK & EU Live Auctions:
Header image courtesy of Gooding and Company / Michael Furman / The Mullin Automotive Museum
* 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