Fourth annual Connecticut sale reaches $24 million with a 100 percent sell through
The big news from Uncasville this past weekend was the $2.7 million sale of the last front-engine 2019 Chevrolet Corvette during Barrett-Jackson’s Northeast Auction at the Mohegan Sun in Connecticut.
The fourth-annual auction reached a total of more than $24 million, with $21.8 million for the 545 vehicles sold – a 100 percent sell through for the no-reserve auction – $2.8 million for the sale of three charity vehicles, including the C7 Corvette, and $766,00 for 470 pieces of automobilia. The result was down slightly from last year’s Connecticut auction, when 662 vehicles were sold and the overall total reached $27 million.
The final C7, a black Z06 coupe, was sold with all proceeds benefiting the Stephen Siller Tunnel to Towers Foundation’s Smart Home Program, which provides specially built, no-mortgage houses for critically injured first responders and military veterans.
The C7 sale was by far the highest result for the auction and the only one to reach into seven figures, and it set a record for a Barrett-Jackson charity sale of a vehicle donated by a manufacturer.
“Thanks to everyone’s participation and efforts, we hit incredible milestones as we wrote new pages in automotive history,” Craig Jackson, chairman and chief executive of Barrett-Jackson, said in a news release. “Chief among those was a new charity auction record set by the last-built C7 Corvette. This special moment closed an era for Corvette and also raised critical support for our nation’s heroes.”
The black coupe was purchased after spirited bidding by Dan Snyder of Dan Snyder Motorsports; at last year’s Northeast Auction, Snyder bought the final-production models of the 2018 Dodge Challenger SRT Demon and 2017 Dodge Viper, a combined charity sale that reached $1 million.
Charity sales are a signature feature of Barrett-Jackson auctions, with the company donating block time to benefit scores of worthy causes over the years at the auction company’s various sales. To date, the auction has raised $118 million for charity, the company reported.
The Northeast Auction once again highlighted the continuing popularity of resto-mods and modern performance cars, the auction noted. The rising influence of younger collectors and interest in special Japanese vehicles was exemplified by the sale of a 1997 Toyota Supra Anniversary Edition for $176,000, putting it among the top 10 results.
The top-10 highest selling vehicles at the 2019 Northeast Auction were:
1. Last-Built 2019 Chevrolet Corvette Z06 – $2.7 million (charity sale)
2. 2008 Mercedes-Benz SLR McLaren Roadster – $280,500
3. 2019 Chevrolet Corvette Yenko/SC Stage II Convertible Serial #1 – $258,500
4. 1954 Buick Special Custom Coupe “G54” – $220,000
5. 1969 Ford Bronco Custom SUV (Lot #669) – $203,500
6. 1967 Ford Mustang Eleanor Tribute Edition – $187,000
7. 2016 Jeep Wrangler Unlimited Custom 6X6 – $181,500
8. 1997 Toyota Supra Anniversary Edition – $176,000
9. 2017 Dodge Viper GTC ACR (Lot #664) – $172,700
10. 2014 Ferrari California Convertible – $170,500
(All results except charity sales include auction fees)
Barrett-Jackson’s next auction takes place October 3-5 at the Mandalay Bay resort and Casino in Las Vegas. For more information, visit the auction website.