Classic Motorcar Auctions' Grande Salon Event Tops $1.7 Million
|Wednesday, 26 September 2012 12:17|
Classic Motorcar Auctions LLC announces total sales for their 3rd annual Grande Salon Auction reached $1.7 million, including buyer's premium.
The two-day auction, which was held Sept. 15-16, 2012 during the Glenmoor Gathering event at the historic Glenmoor Country Club in Canton, Ohio, had a 51% sell-through rate. The auction's high sale was a beautifully restored 1937 Cord 812 Supercharged Phaeton at $150,000, followed by the 1912 Ford Model T prototype six cylinder Speedster once belonging to the legendary Edsel Ford, which sold for $145,800. A 1986 Ferrari Testarossa rounded out the top three cars with a final sale price of $65,380.
"This year's Grande Salon Auction was the most successful event in company history, with a large crowd interested in the five different estates we offered and the many no-reserve vehicles crossing the auction block," said Bob Lichty, president, Classic Motorcar Auctions. "In addition to onsite buyers, we had an increase in the number of phone and internet bidders because the quality of the memorabilia was so strong. The William A.C. Pettit, III Collection had some very special memorabilia items that interested collectors."
The memorabilia sales brought in about $170,000 and included four classic car engines on display stands. A 1931 Stutz DV-32 dual overhead cam inline eight with ancillaries and transmission topped the memorabilia sales at $40,250.
For a video recap of the Grande Salon Auction, visit http://youtu.be/JasTBJNRUPc. Complete auction results are available at www.classicmotorcarauctions.com.
Classic Motorcar Auctions will host a memorabilia-only sale featuring 600 items on Dec. 1, 2012 in the company's showroom, located on the lower level of the McKinley Grand Hotel at 320 Market Ave. S in Canton, Ohio, 44702.
The 5th annual Ohio Spring Classic Car Auction is scheduled for March 16, 2013 at the John S. Knight Center in Akron, Ohio. The Novi Spring Classic Car Auction will take place April 27-28, 2013 at the Suburban Collection Showplace in Novi, Mich.
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