Despite strong results, Amelia 2022 auctions proved bidders have limits
Maybe we've gotten spoiled. The 2022 Amelia Island auctions concluded with $127.7 million in sales, well ahead of 2021's total of $78.8 million but behind our forecast of $149.6M. The sell-through rate ticked up from 90 percent in 2021 to 92 percent this year, but the consistent steps up in value we have seen since late 2020 appears to have paused for now. https://www.hagerty.com/media/market-trends/hagerty-insider/despite-strong-results-amelia-2022-aucti...