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Big dollar cars don't meet reserves at RM's Arizona auction

by Drew Phillips (RSS feed) on Jan 16th, 2009 at 11:04PM

Across town from Barrett-Jackson at the Bitmore Resort, RM Auctions held its "Automobiles of Arizona" auction highlighted by several multi-million dollar cars including a one-of-five 1963 Chevrolet Corvette Grand Sport and a past Pebble Beach winner 1937 Bugatti 57SC Atalante Coupe (much like the one that was recently found in a barn). Unfortunately, neither car saw a bid that met the reserve price, perhaps an indication that current economic conditions are finally catching up with the high-end collector car market. The Grand Sport went unsold with a top bid of $5 million, and the Bugatti... Read More

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