RM | AUCTIONS
Auctions America saw the return of its annual Auburn Spring event, 5–7 May, where some 400 collector vehicles and assorted automobilia crossed the block, totaling nearly $7.2 million in sales—a result that represents a 40 percent increase over 2015. Additionally, 80 percent of all lots presented found new homes.
Thanks to the fantastic weather, crowds at the Auburn Auction Park were at historic highs across the weekend, from the Thursday evening sale session through to Saturday morning Cars & Coffee and feature car sales that afternoon. Bidders hailed from no less than 36 states across the U.S. and 12 countries around the world, with more than 30 percent representing first time clientele.
Continuing Auctions America's reputation for presenting diverse, quality product, the Auburn Spring docket offered something for all automotive enthusiasts, from entry-level collectors through to seasoned veterans of the hobby, and from iconic American classics and muscle through to exotic European sports and touring cars. The top-seller of the event was a striking 1968 Ferrari 365 GT 2+2 at $247,500, representative of a segment of the market that is perennially desirable among collectors. Two pony cars completed the top three, with a time-capsule 1970 Ford Mustang Boss 429 and a highly optioned 1968 Shelby GT 500 Fastback selling for $238,700 and $159,500 respectively, the latter igniting a spirited bidding war between a collector in the room and on the phone.