Broad Arrow Auctions Radius Monterey 2023 - declining euphoria?
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Created on August 25, 2023
, Reading time 4min
Text:
Bruno von Rotz
Photos:
Broad Arrow Auctions
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Summary
Broad Arrow auctioned 169 cars worth around USD 100 million in Monterey on August 17 and 18, 2023. With a sales rate of 84%, a good half of the hoped-for turnover was achieved. Some highly prized vehicles were left standing, while some sold for significantly more than expected. This auction review analyzes the results and shows the vehicles in pictures.
This article contains the following chapters
- Porsche, Mercedes-Benz and Ferrari
- The most valuable
- Bargains
- Super classics in the frame
- Expensive Honda
Estimated reading time: 4min
Preview (beginning of the article)
On August 18, 2022, the new auction house Broad Arrow Auctions held its first auction during Monterey Car Week. Of 90 cars, 79 (87.8 %) were sold at the time, for an average of USD 682,206. Now, of course, it was exciting to see how things would go the second time around. On August 17 and 18, 2023, BAA offered 169 vehicles worth around one hundred million. However, things didn't go quite as well as the first time. 142 cars, or 84%, were sold, but the Monterey Jet Center only generated a good half of the targeted turnover, a total of USD 57.6 million. On average, interested parties offered 79% of the median estimate. Of the vehicles offered with a reserve price, 60% were "no reserve" and just 58% found a new garage.
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Current Market Prices (Selection)
Convertible, 520 PS, 4699 cm3
Coupe, 659 PS, 5998 cm3
Coupe, 220 PS, 2953 cm3
Coupe, 220 PS, 2953 cm3
Coupe, 239 PS, 2953 cm3
Convertible, 239 PS, 2953 cm3
null, 239 PS, 2953 cm3
Coupe, 235 PS, 2953 cm3
Coupe, 280 PS, 3285 cm3
Coupe, 280 PS, 3285 cm3
Coupe, 300 PS, 3285 cm3
Convertible, 259 PS, 3285 cm3