THE ROUGH CUT

Barrett-Jackson Generates Nearly $109 Million In Sales And Sets Record Attendance At The 42nd Annual Scottsdale Auction

January 22, 2013
Written by Barrett-Jackson

Batmobile sells for $4.62 million dollars to a lifelong fan to worldwide audience;
marks second-highest single-car sale at Barrett-Jackson

HIGHLIGHTS:
•1,343 cars sold
•$108,766,069 gross sales – A 17% increase over 2012
•300,000 in attendance
•Charity cars – 21 total for $5,005,000

Scottsdale, Ariz. – Jan. 22, 2013 – Barrett-Jackson Auction Company, The World’s Greatest Collector Car Auctions™, generated nearly $109 Million in gross sales of rare, high-end collectible vehicles, exotics, customs, classics, hot rods and resto-mods during its 42nd annual Arizona auction at WestWorld of Scottsdale, Jan 13-20, 2013. This sale was on par with the 2007 Barrett-Jackson auction that also generated nearly $109 Million in gross sales.

The 2013 Scottsdale auction also set two world records with the largest number of No Reserve vehicles offered at one auction, as well as the largest-ever Barrett-Jackson auction measured by the number of cars sold. In addition to the two auction records, Barrett-Jackson set two world records for individual vehicle sales. (Lot #5034) a 1956 Chrysler Diablo Concept Convertible sold for a record $1.375 Million and (Lot #5019) a 1947 Talbot-Lago T-26 Grand Sport sold for a record $2.035 Million. Both were among the superb Salon Collection, Barrett-Jackson’s premium selection of blue chip collectible vehicles.

“This has made a mark in history for Barrett-Jackson, both in numbers and in showmanship. There has never been an auction as entertaining or as personal as this one,” said Craig Jackson, Chairman and CEO, Barrett-Jackson. “We love that enthusiasts of all kinds have contributed to this sense of charity and community. With a start like this, we can only expect big things for the rest 2013.”

It was clear from the cheers of the crowd and the final sales price throughout the Salon Collection, that the collector car market continues to rise and Barrett-Jackson retains its stronghold within the industry. In fact, reports in 2012 showed a 33 percent increase in the value of collector cars, which was proven once more by the company’s success in Scottsdale.

Overall, the Salon Collection’s presence was far from subtle, selling at a total of $29.2 Million. Within this group of rare and highly coveted vehicles, Hollywood icons such as the 1966 Original #1 Batmobile (Lot #5037) by renowned customizer, George Barris, sold at an astonishing $4.62 Million. Following the Batmobile in top sales was Clark Gable’s breathtaking 1955 Mercedes-Benz 300SL Gullwing Coupe (Lot #5001), which sold at $2.035 Million, a price also achieved by the record-breaking Talbot-Lago.

Each of the top 10 sales exceeded $1 Million. Additional milestones include:
•Lot #5004 1934 Duesenberg J Murphy LWB Custom Beverly Sedan $1,430,000.00
•Lot #5007 1929 Isotta Fraschini Tipo 8A SS Castagna Roadster $1,320,000.00
•Lot #5025 1971 Plymouth Hemi ‘Cuda Convertible $1,320,000.00
•Lot #5016 1949 Delahaye Type 175 Saoutchik Coupe de Ville $1,210,000.00

This year also brought the largest offering of Shelby vehicles at one event in honor of one of the world’s greatest automotive icons, Carroll Shelby. 48 Shelby automobiles were auctioned off at No Reserve including (Lot #5036) a 1966 Shelby GT350 Fastback which sold for $225,000, (Lot #5023) a 1965 Shelby GT350 Fastback which sold for $220,000 and (Lot #5024) a 1967 Shelby GT500 Fastback which sold for $175,000.

Beyond the vehicle sales, a record number of committed attendees from around the world included buyers, consignors and enthusiasts. Despite the unusually cold temperatures, 300,000 attended Barrett-Jackson Scottsdale.

The Scottsdale charity vehicles helped to raise over $5 Million for charities that benefit children, military personnel, medical research and community support. As a result of the company’s 42 years of dedication to philanthropy, Barrett-Jackson has raised a total of over $53 Million to date. Scottsdale highlights included the sale of (Lot #3016), the first production Chevrolet Corvette Stingray which sold for $1 Million to benefit Detroit-based College for Creative Studies. A 1969 Ford Bronco Custom SUV (Lot #3020) also sold for $500,000 to benefit the Armed Forces Foundation.

“We are proud and honored to have sold some of the most unique and impressive vehicles ever offered at Barrett-Jackson, as well as to support some of our nation’s most important causes,” said Steve Davis, President of Barrett-Jackson. “No two auctions are ever the same, and Scottsdale 2013 proved that the quality and diversity of our collections only intensify over the years. We are thrilled that our charitable sales again raised millions, including $500,000 to the Armed Forces Foundation during our Sunday offering, a cause very close to my heart. ”