Scottsdale’s annual auction week came to a close for 2015, closing at a record $292.8 million total sales numbers and selling the most expensive car in Scottsdale history: a $9.6 million 1964 Ferrari 250 LM.
This final number is 18% higher than last years, due in part to Barrett-Jackson selling off the 141-strong collection of legendary car collector Ron Pratte. This massive count of cars prompted the auction house to add two additional days to its planned auction run. His cars sold for a value of $35.5 million in total.
Unsurprisingly, rare vintage Ferrari’s were the cars that dominated the auctions, making up most of the cars in Scottsdale’s top ten best sales.
Topping the list is the aforementioned ’64 Ferrari 250 LM Coupe, with the 1966 Ferrari 275 GTB Competizione we reported about early last December coming in second, finding a home for $9.4 million. A ’59 Ferrari 250 GT LWB California Spyder rounds out the podium with a sale of $7.7 million.
In fact, the only cars in the top ten that aren’t from the famed scuderia are a 1966 Shelby Cobra 427 “Super Snake,” a 1954 Pontiac Bonneville Special Motorama Concept Car, and a 1950 General Motors Futurliner, one of nine known to exist.
Hagerty has the full list, including info that indicates that while the final numbers of the week broke Scottsdale records, some of the sales indicated some slowdown in the market. Those closely observing vintage car auctions have been anticipating such a decrease.
It’s worth mentioning that collector Ron Pratte hasn’t indicated any reason as to why he’s selling off his collection, but being the keen businessman that he is, he may have sensed that the market’s bubble was close to bursting. In any case, Some amazing, rare, and beautiful automobiles found new homes to be preserved and as car people, we’re thankful for that.