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Wednesday, 28 July 2021 18:25

GAA Classic Cars Auction Reports 91% Sell-Through Rate

Written by Elizabeth Puckett, Motorious

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There has been a lot of talk surrounding the now famous GAA Classic Cars vehicle auction house.

Its precedence for excellence and high yields for beautiful cars has allowed it to boost to the top of the automotive auction industry in a relatively short amount of time.

 

Years of exponential growth thus far have just afforded it a record-breaking performance at its last two spring auctions, and it has just reported an impressive 91% sell-through rate---up even more from last year's July auction.

 

The July auction featured a no-reserve collection from the former owner of the Charlotte Hornets, George Shinn, consisting of a mix of vehicles like a 2013 Porsche 911 Carrera S, a 1970 Mercedes 280SL and several outstanding Ford Galaxies, Bel Airs and Mustangs.

 

Part of Shinn’s collection featured a bright orange custom ’51 Ford Crown Victoria, which Shinn donated to Olympic champion Scott Hamilton’s charity, the Scott Hamilton CARES Foundation, for cancer research. This vehicle sold for $55,000.

 

In addition to this donation, GAACC bidders donated $60,000 for a total of $115,000 for cancer research.

 

A few noteworthy lots include the custom ‘58 Corvette Resto-Mod built by Jeff Hayes of American Speed Shop. It sold for $190,000 and will head across the globe to its new Arabian home.

 

A very popular ‘70s Chevelle SS 454 sold for $250,000 and the low riding ’72 customized Blazer from Street Outlaw’s Shawn Ellington’s shop brought $80,000.

 

We're looking forward to the next GAA Classic Cars auction that takes place Nov. 4-6, where we'll be excited to see this trend continue.

 

We thank Motorious for reprint permission.