GAA Classic Cars sets records at Greensboro auction

GAA Classic Cars posted more than $12 million in sales with a 76 percent sell-through rate at its three-day March auction in Greensboro, North Carolina, the company reported.

“It was a strong sale, the crowd was into it, the money was there and we had a great time doing it,” Jerry Barker, GAA general manager, said in the news release.

GAA reports hammer prices that do not include buyer’s fees, which will boost the overall auction total to nearly $13 million.

During the Saturday sale, it was standing-room only when a 1965 Ford Shelby GT350 crossed the block. Spectators were clapping and yelling “take the reserve off!” when the bidding hit $325,000. The car finally sold at $370,000 (hammer price), a record for any car at a GAA sale.

The 23-vehicle Tyson Collection was offered at no reserve and included a 1963 Chevrolet Corvette “split-window” coupe, 1970 Buick Gran Sport Stage 1, a group of four-speed 1967-73 Chevrolet Camaro Z/28s and a Heritage Edition 2006 Ford GT showing only 41 miles on its odometer.

The GT was the last of the Tyson cars onto the block and sold for $470,000, breaking the GAA record set about an hour earlier.

Another Ford GT, a 2005 in red with white stripes, also sold, for $300,000.

Top 10 sales, GAA at Greensboro

1. 2006 Ford GT, $470,000
2. 1965 Ford Shelby GT350, $370,000
3. 2005 Ford GT, $300,000
4. 1989 Porsche 911 Speedster, $172,500
5. 1967 Chevolet Corvette, $150,000
6. 1946 Chrysler Town & Country, $145,000
7. 1963 Chevrolet Corvette, $137,500
8. 1970 Plymouth Superbird, $130,000
9. 1963 Ford Galaxie, $112,500
10. 1963 Chevrolet corvette, $105,000

(Prices do not include buyer’s fees.)

GAA celebrates its fifth anniversary with its next sale July 27-29.