April 2018: prices at auction went up

April 2018: prices at auction went up

In April 2018, a few more classic cars were sold at auctions worldwide than in April last year. But they made a lot more money.

As always, April is the busiest month of the year when it comes to classic car auctions. During some weekends there were 5 or 6 auctions going on.

The 35 major auction houses have sold a total of 2,194 classic cars in April 2018. This is just a tad more than the 2,021 sales in April 2017.

 

 

In total, the 35 auction houses sold for USD 91,150,659.00, which brings the average per car to USD 41,545.42. All prices in this article include buyer commission.

That is quite a lot more than last April’s average of USD 37,257.91.
In fact, it is 11.4 % more. This increase seems to show that the classic car market is going up again.

300 SL’s

The highest price in an April auction this year was paid for a 1962 Mercedes-Benz 300 SL Roadster (see photo above).

At RM Sotheby’s Fort Lauderdale sale, this car fetched USD 1,540,000.

Second in line is another 300 SL, a 1957 Gullwing. At the same sale, this car went for USD 1,193,500. The proceeds of this particular sale will benefit the YMCA of Jackson, Michigan.

These two Benz’s were the only cars last month to make more than a million dollar in an auction.

 

 

The third highest selling car of April 2018 is a modern classic.

The 2012 Lexus LFA Nürburgring Edition that appeared on the stage at Barrett-Jackson’s Palm Beach auction, was sold for USD 770,000.

A year ago, in April 2017, the top-selling car was a 2014 LaFerrari that was sold by Leake Auction Company for USD 3.4 million.

Remarkably enough, the numbers 2 and 3 in April 2017 were also two Mercedes 300 SL’s, selling at USD 1,111,000 and USD 998,692.

Cadillac Eldorado

Foto Barrett-Jackson

At the bottom of the list of April 2018, we find an original looking 1978 Cadillac Eldorado. At Leake’s sale in Dalles, this car was sold for USD 750.

Probably the smallest car that was sold at an auction last month was the 1950 Crosley Hotshot Roadster. Barrett-Jackson sold this car at Palm Beach for USD 9,900.

The brand that sold the most cars in this year’s April auctions is Chevrolet, with 571 cars.

 

All figures based on Hi-Bid.com, edited by OldtimerDaily.com.

 

 

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