New York auction houses are up by more than $6 million on Thursday as buyers and sellers continued to battle for the title to the world’s biggest auto auction, the world of luxury car auctions and the most expensive house auction.
New York’s auctions accounted for more than half of all the sales at $6 billion or more.
The auction houses said Thursday’s figures were driven by sales at the $20 million, $40 million and $60 million range.
New Jersey, Florida and Texas had the highest volume of transactions.
They were followed by New York, California, Illinois and Massachusetts.
New Hampshire had the lowest volume of sales at just $3 million.
In total, more than 6,500 lots were sold at auctions across the nation.
New records were set for the most lots sold at $20,000 each.
More: https://recode.net/2016/03/26/new-york-auto-auctions-up-by-6-m-on-Thursday-than-all-the-biggest-auto/ More: https://twitter.com/nycauctionhouses/status/86969773825244592 New York City’s auctions, which run for 24 hours, saw record-breaking sales.
The average price per lot on Thursday was $12,938, up from $10,094 last week.
The highest price ever for an auction house was $18,500 at Christie’s in New York last week, according to a CNBC article.
Auction house sales, which are closely monitored by the Bureau of Consumer Protection, rose 1.2% to $4.2 billion in January.
New Orleans, which has seen its stock prices fall since the Super Bowl, also saw sales increase 3.3%.
Sales in New Jersey rose 6.3%, according to auction house records.
The average price for a New York property on Thursday increased $2,932, compared with $2.7 million in January, the auction houses report.
At Christie’s, the average price was $2 million, up $200 from January.
Christie’s said the increase was driven by increased sales and the opening of a new store.
New prices in California, New Jersey and Florida were unchanged.
More from CNBC: http: //news.yahoo.com.au/news/2016-03-26/cars-auction-in-new-jersey-spreads-to-record-levels-a8187745.html The New York Auto Auction will hold its second annual auction of the year on Thursday.
The event will feature 1,500 cars, including $100,000 for the winner.
The event will be streamed live on the auction’s website and can be viewed on the Live Auction Channel.