Barrett-Jackson wrapped up their annual Scottsdale spectacle a couple weeks back now and we’ve finally had a chance to sift through the results. Just like we saw in Kissimmee, sales were off the charts. Overall, the Arizona event tallied $184.2 million in sales across 1,907 No Reserve vehicles. That computes out to roughly $96,000 per car!
154 cars comprised the Corvette portion of the docket which is slightly less than the 10% of total docket that we typically see at a Mecum auction. Of those, about 30% were customs or full restomods. Since this was a No Reserve auction, every one of those Corvettes now have new caretakers.
Pouring over the results, we see that this docket leans more toward restomods and customs. Contrary to Mecum where we tend to see more of the factory-correct cars. That theme continues on when we look at the Top 11 Corvettes sales from Scottsdale. 9 of the Top 11 Corvettes were restomods compared to Mecum Kissimmee where we saw almost the exact opposite of that.
Seventh generation ZR1s continue to build momentum with 5 of them changing hands at an average of $229,000. The market’s other hot spot – 1963 Split Window Coupes – brought big money again with 6 stock SWC’s selling at average $218,000 each. In all, 87 Corvettes (or about 56% of the Corvette docket) sold for over $100,000!
Some other notable sales outside of the Top 11 included 25th anniversary L48 1978 that sold for a whopping $44k, a Sportsman Red 1954 at $385k, and a 270hp 1961 which sold at $308k. A 70th anniversary 2023 Stingray convertible found a new home at $150.1k and a 2022 C8.R coupe pulled $143k.
The Scottsdale Top 11 is comprised of 7 C1’s and 4 C2’s showing that there’s still some life left in the early Corvettes, though interest may be shifting towards the customized side of things. Only 2 of the Top 11 were stock Corvettes with the balance made up of high-end restomods. The average selling price of our Top 11 list was $516,400 while the whole list sums up to $5,680,400. Remember that all of our figures include the Buyer’s Premium.
And now on to our Top 11 Sales of Barrett-Jackson Scottsdale. An absolutely stunning 1967 restomod convertible took the top spot with a staggering $770,000 sale. Second place saw a tie between a 9,000 original mile unrestored 1962 and a very cool Kindig CF1 which each commanded $572,000. Interestingly that 1962 sold on Bring a Trailer in August of last year for $155,000. How’s that for a nice return on investment! Additionally, a beautifully restored 1953 roadster came home 4th at $550,000.
Finally, our El Cheapo award for the most cost efficient Corvette of the auction goes to a Dark Red 1989 convertible which sold at no reserve for $12,100.
Here’s a closer look at the Top 11 Corvette sales from Barrett-Jackson Scottsdale 2023.
1. Lot #1367 – 1967 CHEVROLET CORVETTE CUSTOM CONVERTIBLE – $770,000
2. Lot #1451.1 – 1962 CHEVROLET CORVETTE 327/300 CONVERTIBLE – $572,000
3. Lot #1375 – 1953 KINDIG CF1 BARRETT-JACKSON EDITION CUSTOM ROADSTER – $572,000
4. Lot #1403 – 1953 CHEVROLET CORVETTE 235/150 CONVERTIBLE – $550,000
5. Lot #140 – 1960 CHEVROLET CORVETTE CUSTOM CONVERTIBLE – $550,000
6. Lot #1363 – 1963 CHEVROLET CORVETTE CUSTOM SPLIT-WINDOW COUPE – $546,700
7. Lot #1388 – 1958 CHEVROLET CORVETTE CUSTOM CONVERTIBLE – $478,500
8. Lot #1413 – 1963 CHEVROLET CORVETTE CUSTOM SPLIT-WINDOW COUPE – $423,500
9. Lot #1329 – 1959 CHEVROLET CORVETTE CUSTOM CONVERTIBLE – $409,200
10. Lot #1343 – 1963 CHEVROLET CORVETTE CUSTOM SPLIT-WINDOW COUPE – $407,000
11. Lot #1358 – 1958 CHEVROLET CORVETTE CUSTOM TOPLESS ROADSTER – $401,500
After Barrett-Jackson each year, we have to sit back and exhale after watching people wildly throw large sums of money around. As usual, the sales were so high that we have to ask if we’ve just seen reality or a blip on the radar thanks to the “Barrett-Jackson effect”. What we can tell you, though, is that there’s still no shortage of people happily writing 6-figure (or more) checks for an old Corvette.
Barrett-Jackson’s next event is in Palm Beach, Florida April 13th – 15th.
Source:
Barrett-Jackson
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