Category archives: Auctions

Barrett-Jackson’s $21+ million boosts Florida season total

Barrett-Jackson closed out the Florida portion of the 2013 classic and collectible car auction season with the sale of more than $21-million at its 11th annual Palm Beach event.

Add that total to $120 million generated by auctions earlier this year and the season’s total for Sunshine State tallies more than $151 million.

Now, add that to the $200 million generated in January in Arizona, and to the totals generated elsewhere around the country already this year — including the Mecum sale at Houston (see below) — and the 2013 sales season is off to a very good start.

“We kicked off the year strong in Scottsdale and are thrilled that our 11th year at Palm Beach has kept that momentum going,” said Craig Jackson. “We were able to offer a unique lineup of rare, high-end automobiles that helped to bring out an enthusiastic crowd and we are proud to see that the collector car hobby is going strong. We’re very pleased with the event’s overall results.”

The auction attracted 55,000 people despite severe thunderstorms. To make the event auction more attractive to new collectors, Barrett-Jackson staged an “introductory auction” featuring what figured to be more affordable classics on the Thursday of the auction weekend.

The high-dollar sale of the weekend was $1 million for the first 2014 Chevrolet corvette Stingray convertible. The first new C7 Corvette coupe was offered for sale at Barrett-Jackson’s Scottsdale event. Both cars sold for charity, with the convertible’s sale benefiting the Barbara Ann Karmanos Cancer Institute at Wayne State University in Detroit.

Some $1.8 million was generated for charities at the auction, with a 2009 Ford F-150 King Ranch Super Crew pickup truck formerly owned by President George W. Bush brining $350,000 for the National Guard Youth Foundation.

Other top sales included $330,000 for a 1968 Shelby GT500 Ford Mustang convertible, $275,000 for a 1970 Oldsmobile 442 convertible and $258,500 for a 1970 Chevrolet Chevelle LS6 convertible.

Auctions America does $17.5 million at Fort Lauderdale

Auctions America by RM opened its 2013 calendar with a sale at Fort Lauderdale, Fla., that generated more than $17.5 million in transactions. The sell-through rate was 74 percent.

The high sale was $880,000 for a 1955 Mercedes-Benz 300SL gullwing coupe. A 1963 Shelby Cobra went for $553,500, a 400-mile 2012 Lexus LFA brought $319,000, a 1932 Lincoln KB duel-cowl sport phaeton sold for $275,000 and a 1931 Cadillac V12 dual cowl sport phaeton brought $203,500.

Another highlight was the sale — for $88,000 — of a 1951 Chevrolet Styleline DeLuxe convertible formerly owned by Steve McQueen.

For further information on upcoming events, along with full results from the 2013 Fort Lauderdale collector car auction, visit auctionsamerica.com.

MV Agusta motorcycle collection goes back on the auction block

Remember that collection of more than 70 classic MV Agusta motorcycles offered as a single lot at Mecum’s auction in Monterey in August? Well, the high bid was $850,000, but that didn’t meet the reserve. So now those bikes will be offered as individual lots at the annual MidAmerica Auctions event January 10-12 at the South Point Casino and Exhibit Hall in Las Vegas.

The action that weekend in Vegas also includes the annual Bonhams Las Vegas Motorcycle Auction, where the docket includes a 1939 BMW RS 255 Kompressor, the 1902 Rambler Model B, the only surviving 1905 Leo Two-Cycle, Steve McQueen’s 1970 Husqvarna 400 Cross and a collection of cut-away engines, hubs and motor wheels from a variety of manufacturers.

The Bonhams sale takes place at Bally’s Hotel & Casino.