Barrett-Jackson capped off its auction year with a strong sale this past weekend in Las Vegas.
Barrett-Jackson capped off its auction year with a strong sale this past weekend in Las Vegas. Sales totaled $32.5 million, including automobilia sales of $770,000 and $850,000 raised in charity sales. The sell-through rate was 99.2 percent in the overwhelmingly no-reserve auction format, with about 750 collector vehicles offered. Results include auction fees except for charity sales.
The totals for the glitzy Vegas sale were substantially up compared to year-ago figures, when sales were $27 million with $720,000 attributed to automobilia sales and $750,000 going to charity. There were about 50 more cars going over the block this year as Barrett-Jackson expanded its footprint at the Mandalay Bay Resort due to new construction.
Barrett-Jackson also raised its broadcast footprint with “unprecedented live global television coverage,” the company said in the news release.
“This Las Vegas auction proved that Barrett-Jackson continues to set the bar for sales, attendance and broadcast coverage among collector car auctions,” Craig Jackson, chairman and chief executive of Barrett-Jackson, said in the release.
“We experienced extraordinary television coverage with 24 hours being broadcast in the U.S. on Discovery and Velocity, as well 24 hours in Canada and 20 hours in the United Kingdom. We’re proud to fuel the collector car hobby by bringing our live auctions into the living rooms of fans around the world.”
The top-selling vehicles were a mix of classic muscle and sports cars, and modern exotics. A stunning red 1969 Ford Mustang Boss 429 fastback led the pack at $357,500. Next up was a 1967 Ford Shelby GT500SE Super Snake, sold for $275,500, followed by an interesting charity sale, that of a custom 2015 Ram 2500 Commando Tactical Edition, which raised $250,000 for Camp Summer Ground in Georgia.
The Las Vegas auction featured the sale of the Tammy Allen Collection of more than 80 cars, many of them bought at past Barrett-Jackson auctions, pus automobilia that resulted in $3.8 million in sales.
Among the auction records set during the auction was the highest result ever for an AMC Pacer. Not just any Pacer but the famed Mirth Mobile that appeared in the comedy classic film Wayne’s World. Restored to its movie specs, the Pacer sold for $37,400.
The top sales for Barrett-Jackson’s were:
• 1969 Ford Mustang Boss 429, $357,500
• 1967 Ford Shelby GT500SE Super Snake, $275,500
• 2015 RAM 2500 Commando Tactical Edition, $250,000 (charity sale)
• 2008 Dodge Viper SRT/10 Hurst 50th Anniversary, $220,000
• 2009 Mosler MT900 GTR twin-turbo custom prototype “IAD Land Shark,” $220,000
• 1962 Chevrolet Corvette CRC conversion, $200,000 (charity sale)
• 2012 Rolls-Royce Silver Ghost sedan “Pawn Stars,” $181,500
• 2012 Ferrari California convertible, $176,000
• 1970 Plymouth Superbird, $170,500
• 1962 Jaguar XK-E roadster, $165,000
• 1969 Pontiac Firebird 400 – VIN #001, $165,000
• 1970 Oldsmobile 442 W30 convertible, $165,000
• 1989 Porsche 930 Turbo, $165,000
(Results include auction fees except charity sales)
Barrett-Jackson’s next sale is the 46th annual Barrett-Jackson Scottsdale Auction on January 14-22, 2017, at WestWorld of Scottsdale. For information, visit the auction website.2 comments