Classic Car Market Stats: May 2020

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.

VIEW ALL MAY STATS

Note: Stats quoted in this email are as of May 31, 2020 @ 7pm eastern.

Top Sales

Impressive numbers in the top 10 sales, but our favorite has to be this 1985 Ferrari 288 GTO which went for $2.3m at RM Sotheby’s. A beauty!

View top 10 sales

Flips & Flops

The top flip this month goes to this newly restored Marcos GT. What a transformation!

View top 10 flips & flops

Hello, Motorious!

This month we added listings from Motorious Auctions. They are hosting two auctions for the month of June with great inventory: check them out:

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: