A NEW SPRING TRADITION: AUCTIONS AMERICA POSTS $7.2 MILLION, WELCOMES STRONG NEW INTEREST AT AUBURN SPRING
May 9, 2016 by Auctions America
• Auctions America realizes total sales of $7.2 million at its annual Auburn Spring event, an increase of 40 percent over 2015
• Top sales led by a 1968 Ferrari 365 GT 2+2, a 1970 Ford Mustang Boss 429, and a 1968 Shelby GT 500 Fastback
• Host of additional automotive-themed activities, including Cars & Coffee and appearance by Wayne Carini, bring record crowds
• Complete results from Auburn Spring available at www.auctionsamerica.com
• Auctions America continues its summer calendar with Santa Monica, June 25-26, and a return to the Auburn Auction Park for Auburn Fall, September 1-4
AUBURN, Indiana (May 9, 2016) – Auctions America saw the return of its annual Auburn Spring event, May 5–7, 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.
Auctions America Auburn Spring Top Five Sales
1. Lot 833 1968 Ferrari 365 GT 2+2 $247,500
2. Lot 811 1970 Ford Mustang Boss 429 $238,700
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3. Lot 813 1968 Shelby GT 500 Fastback $159,500
5. Lot 776 1931 Auburn 8-98 Phaeton Sedan $89,100
To coincide with appearances from Wayne Carini of Velocity's Chasing Classic Cars, Auctions America presented two cars in support of Autism Research and Education – causes close to Carini's heart. Together, a 1966 Dodge Monaco Two-Door Hardtop and a 2006 Ford Shelby Terlingua Mustang Coupe Tribute raised $20,900 to benefit of Autism Speaks and the Treasure Coast Autism Project. Additionally, Auctions America offered a Hot Wheels car on behalf of a 13 year-old, next generation collector named Liam, who was raising funds for the Friends of Kids with Cancer organization. Generous bidders paid $3,000 for the tiny toys, donating the cars back twice to raise a total of $9,000 for the cause, with additional funds contributed by Auburn Spring attendees throughout the weekend.
Beyond the auction action, Auburn Spring presented an exciting series of activities for enthusiasts of all ages. The event once again played host to the Antique Automobile Club of America's National Spring Meet, bringing another 250 cars to the Auburn Auction Park for display. Attractions in the all-new Automotive Midway included the eye-catching Planters NUTmobile, and a stream of fans lined up to meet Wayne Carini. The traditional onsite swap meet and car corral comprised 130 vendor spaces, with 200 cars in the corral, and were complemented this year by the first ever 'Retro Swap', an automotive flea market offering additional used parts and porcelain signs from local enthusiasts. Great weather and strong coffee saw nearly 100 cars gather for the second iteration of Auctions America's new Cars & Coffee series on the morning of May 7, allowing collectible car owners of all genres and eras to swap stories and share memories. The company will present the next Cars & Coffee meet in its summer series, June 4; a full list of upcoming Cars & Coffee dates is available on Auctions America's Facebook page here: http://bit.ly/1TOJ9vo.
Auctions America continues its busy summer calendar of events with the company's fourth annual Santa Monica auction, June 25-26, featuring an eclectic mix of approximately 300 vehicles suited to diverse Southern California tastes. From California back to Indiana, the company's summer auction season will then conclude with a return to the historic Auburn Auction Park, September 1–4 for the Auburn Fall collector car weekend. A Labor Day tradition spanning more than 45 years, this fantastic celebration of the hobby will see some 900 vehicles and assorted automobilia up for bids.
Full results from Auburn Spring, along with additional information on upcoming events, are available at www.auctionsamerica.com.
*Results are listed in USD and are inclusive of 10 percent buyer's premium for automobiles and 15 percent for all other lots.
ABOUT AUCTIONS AMERICA
Formed in July 2010, Auctions America specializes in the sale of American Classics, European sports cars, Detroit muscle, hot rods and customs. Headquartered at the historic Auburn Auction Park in Indiana, Auctions America boasts an expert team of full-time vehicle specialists, who offer more than 150 years' combined experience buying, selling, racing and restoring collector vehicles, making them uniquely qualified to advise on all aspects of the hobby. The company's established roster of annual events are held in some of the country's leading automotive destinations including Auburn, Indiana; Fort Lauderdale, Florida; Santa Monica, California; and Hilton Head Island, South Carolina. To learn more about Auctions America, visit www.auctionsamerica.com, find us on Facebook or follow us on Twitter @auctionsamerica.
'The weather was certainly on our side for the Auburn Spring weekend, bringing record crowds and high energy across all three days of the event,' says Megan Boyd, Car Specialist, Auctions America. 'While our Auburn venue is best known for great American classics and muscle, the top-selling Ferrari shows that, with quality product, our knowledgeable team of car specialists can successfully connect buyers and sellers across a broad variety of genres and categories.'
4. Lot 779 1936 Auburn 852 Supercharged Phaeton Sedan $90,750