Records tumble at Barrett-Jackson Collector Car Event
January 22, 2008
January 23, 2008 Auction company Barrett-Jackson has reported record breaking numbers at its 37th Annual Collector Car Event with preliminary figures showing over $88 million in sales and a new attendance record of 280,000 in an auction featuring 1,163 collector vehicles, 100 fewer than sold in 2007.
Auction highlights included one-off concept cars from the ‘50s and ‘60s like the 1963 Ford Thunderbird “Italien” that sold for $600,000 the 1963 Pininfarina-bodied Chevrolet Corvette “Rondine” that fetched $1,600,000.
A 1957 Chevy Bel Air convertible (pictured) which was purchased new 51 years ago by its owner Mr. Gerald Iwan, sold for $90,000, Tony Stewart’s 2007 NASCAR reached $300,000 ans the hammer fell on a 1958 Corvette convertible for $220,000, a Plymouth Superbird for $200,000, a 1969 Mercury Cyclone GT for $135,000 and a 1966 Pontiac GTO for $135,000.
Other one-offs sales included the famous “Monkeemobile” which sold for $360,000 and the “Batmobile Re-creation” which fetched $185,000. Alice Cooper sold his 1955 Mercedes Benz 300SL Gullwing custom re-creation for $185,000, while Carroll Shelby’s personal 1969 Shelby GT500 hit $675,000.
Ford, General Motors and Chrysler sold their latest performance vehicles at No Reserve (raising nearly $2 million for charities) with the 2008 Ford Shelby GT500KR selling for $550,000, the 2009 Chevrolet Corvette ZR1 for $1 million and the 2008 Dodge Challenger for $400,000.
“This year’s Scottsdale event demonstrated the resiliency of the collector car hobby,” added Jackson. “Our record attendance and Web site hits, as well as the prices for crown jewel cars were very strong with three cars hitting at least $1 million. There were also some good values and a few surprises this year. As the prices indicated, the bids for the vehicles were fair, pleasing both consignors and buyers.”
Barrett-Jackson also report over 100 million Web site hits with SPEED broadcasting 39 hours of live auction coverage during the event. Total sales via the Internet were $2,464,525, doubling the total from Scottsdale in 2007. Automobilia sales were also up by 47 percent reaching $851,000.
Full results from the 2008 event can be viewed at the Barrett-Jackson site.