April 2011

Sea Change in Scottsdale

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By now the Scottsdale numbers are familiar: $160m in total sales, very close to the record $167m set in 2007. 2,221 cars sold. Attendance up at every event, and strong individual prices across the board.

But the biggest news to come from Scottsdale could be found in a press release issued on February 14, 2011—23 days after the last car crossed the block at WestWorld.

Barrett-Jackson announced a partial reversal of its “All No Reserve” policy, beginning with its April 7-9 Palm Beach auction. They will now allow owners of cars with agreed-upon values of $50,000 or more to set a reserve on their car—if they wish.