Younger buyers, and sellers. A growing demand for collector pickup trucks, and for top-tier custom vehicles professionally restored or modified.
Younger buyers, and sellers. A growing demand for collector pickup trucks, and for top-tier custom vehicles professionally restored or modified. An ever-increasing total of vehicles sold to benefit charities. Those were trends that pleased Craig Jackson at Barrett-Jackson’s second Northeast auction, held last weekend at the Mohegan Sun resort and casino in Uncasville, Connecticut.
Overall, the auction sold 603 vehicles for $23.5 million and nearly 700 items of automobilia for another $819,000. Total sales for the four-day auction were more than $24.3 million. The sales rate for collector vehicles was nearly 96 percent.“Several thrilling trends emerged, including a surge in participation by younger guests,” Jackson said in a news release.
“On Friday, we experienced the sheer excitement when a pair of young teenagers sold a Bandit Trans Am. We also saw the demand for trucks grow, along with top-tier custom vehicles that had been professionally restored or modified.”
Several vehicles sold to benefit non-profit organizations. Those sales brought to more than $94 million the amount of money raised at Barrett-Jackson auctions for charities.
“Our Northeast Auction has evolved into an exciting automotive lifestyle event that’s unrivaled in the region,” said Barrett-Jackson president Steve Davis. “We’re also the barometer for the collector car market and are the first to identify changes in the market. We intentionally design our dockets to capitalize on these emerging trends and create the best possible experience for our bidders.”
The car sold by the pair of teens — for $24,200 — was a 1980 Pontiac Trans Am SE Bandit edition that had been driven less than 72,000 miles and had undergone a frame-on restoration. Prices reported by Barrett-Jackson include commissions.
The high-dollar sale of the auction was a 2017 Ferrari 488 Spider that sold for $434,500. Barrett-Jackson noted that the car was the first ’17 488 Spider to be sold at auction.
A 1969 Ford Mustang Boss 429 fastback brought $407,000, and a 1958 Dual-Ghia convertible went for $269,500. The diversity of the docket also showed in the ensuing top-sellers, including a 1967 Chevrolet Corvette, a 1966 Shelby GT350-H and a 1959 Dodge Custom Royal Super D-500 convertible.
The auction also claimed four world auction-records prices: a 1953 Willys wagon selling for $16,500, a 1947 Indian Chief motorcycle and sidecar bringing $110,000, a 1993 Land Rover Defender 100 going for $114,400 and a customized 2004 Chevrolet Silverado 1500 bringing $38,500.
Among charity vehicles, a life-size Hot Wheels 2004 Ford Transit Connect sold for $50,00 to benefit the Darrell Gwynn Quality of Life Chapter of The Buoniconti Fund to Cure Paralysis and a 1996 Ford Mustang, built by students at the Jordan Vocational High School, sold for $65,000 to benefit the school’s automotive program.
The top-selling automobilia lot was a mid-1950s Polly Oil service station fuel island with two original Bennett model 966 pumps that sold for $24,725.
Top sales, Barrett-Jackson Northeast 2017
- 2017 Ferrari 488 Spider, $434,500
- 1969 Ford Mustang Boss 429 fastback, $407,000
- 1958 Dual-Ghia convertible, $269,500
- 1967 Chevrolet Corvette 427/435, $231,000
- 1966 Shelby GT350-H fastback, $220,000
- 1959 Dodge Custom Royal Super D-500 convertible, $220,000
(Prices include buyer’s premium.)
Barrett-Jackson announced attendance of 72,000 people for the four-day sale. A year ago, the inaugural Northeast auction drew 90,000 visitors and posted sales of $26 million.
Barrett-Jackson’s next collector car auction is scheduled for October 1921 at the Mandalay Bay resort and casino in Las Vegas.2 comments