It was a significant month for the classic car market as traditional “physical” auctions started to ramp up their online offerings. We saw a total of $55.3m in sales*, down from $97.2m in May 2019 – which is down 43% comparatively, but it’s an impressive feat given that all last month’s sales happened entirely online!
Needless to say, Bring a Trailer kept humming along with impressive results and no sign of a price correction for individual models. Quite the opposite in fact… more eyeballs on each auction seems to be lifting the market. Barrett Jackson did not disappoint with its online-only sale and RM Sotheby’s came through with a very impressive lineup for its online-only sale as well.
Note: Stats quoted in this email are as of May 31, 2020 @ 7pm eastern.
Track your favorite markets!
Want more detailed stats for your favorite make/model? On CLASSIC.COM you can follow your favorite classic car markets with the click of a button. Then sit back and we’ll keep you up to date with alerts on new listings and sale prices.
Here are some of our favorite markets launched this month:
- Ariel Atom
- BAC Mono
- Bentley S-Series
- Buick Gran Sport
- Cadillac V-16
- Jaguar F-Type Project 7
- Jeep Wrangler
- Lincoln Zephyr
- Lotus Elise
- Lotus Esprit
- Noble M600
- Pontiac Star Chief Custom Bonneville
- Range Rover Classic
- Rolls-Royce Phantom
If there’s a market you’d like us to add, please let us know by commenting below… we are adding markets every day!
* CLASSIC.COM Stats include sales reported in US Dollars only. Sales reported in other currencies are not taken into account… yet.