Regardless of whether the economy is in high gear or has downshifted, the collector-car market seems to cruise smoothly along at an impressive clip, as evidenced by the recent auctions on Florida’s Amelia Island. Complementing the annual Amelia Concours d’Elegance, which just had its 28th edition on March 5, were a host of sales events from leading automotive auction houses that took place in the days immediately preceding the exhibition.
A promising gauge of the collector market’s health, the live auctions hosted by RM Sotheby’s, Bonhams, Broad Arrow, and Gooding & Company set a record for Amelia. According to Hagerty, the classic-car insurer, curator of motoring experiences, and new owner of the concours, the total figure from all lots sold was $178.4 million, which reflected an 87 percent sell-through rate at an average lot price of $455,216.
“Besting the $140 million total from 2016, the [2023] auctions at Amelia were successful by several different measures,” says Brian Rabold, Hagerty’s vice president of Automotive Intelligence. “Hagerty goes out and inspects the cars that are all offered for sale—we’ve been doing this for years—and this is one of the best years we’ve seen in terms of quality. All of the auction companies brought top-quality cars that sold for excellent prices, and, overall, that conspired to set the record.”
When asked about any patterns observed, Rabold mentions; “There are two trends we’ve been watching and that were really on display at Amelia Island. The first is analog supercars from the 1990s and 2000s—high-performance, low-production exotics. The other segment is the Radwood-era cars, those from the 1980s and ‘90s that appeal to collectors who are just starting to be active and who grew up around those cars, as well as more established collectors who recognize that those cars offer a lot of performance relative to older ones, and a lot more convenience.”
Yet when it came to the 10 most expensive cars sold at Amelia this year, it was mostly the long-revered manufacturers and models that reigned, with postwar Prancing Horses running away with many of the highest spots. All but three on this list are from Ferrari, while Gooding & Company and RM Sotheby’s were solely responsible for the highest sales. Here are the top results in ascending value.