Barrett-Jackson announced that it generated more than $21 million in gross sales of rare, high-end collectible vehicles, exotics, customs, classics, hot rods and resto-mods, during its 11th Annual Palm Beach auction, held April 4-6, 2013 at the South Florida Fairgrounds.
Despite severe thunderstorms, nearly 55,000 car fans were in attendance to witness the comprehensive lineup of cars at the renowned auction and lifestyle experience. It was clear from the cheers of the standing-room only crowd and the final sales prices that the collector car market is continuing at a steady incline and that Barrett-Jackson retains its stronghold within the hobby.
In fact, certain market segment sales were on-par with those from pre-recession 2007. Specifically, American muscle car sales were strong overall, as exampled by a Chevrolet Chevelle SS LS6 2-Door Coupe selling for $148,500, a 1969 Chevrolet Camaro Z/28 2-Door Coupe selling for $165,000 and a 2010 Chevrolet Camaro Custom 2 Door Coupe, which was built by Hendrick Motorsports for country superstar Brad Paisley. Several late European Sports Cars also crossed the block and did exceptionally well. In an effort to attract new collectors to the hobby, Barrett-Jackson also offered by design, an introductory auction on Thursday, for those who still wanted to get a piece of the action with a quality lineup of cars.
Top five individual sales at the 2013 Barrett-Jackson Palm Beach auction included:
• Lot #3004 2014 Chevrolet Corvette Stingray Convertible – $1,000,000
• Lot #3006 2009 Ford F-150 King Ranch Super Crew Pickup – $350,000
• Lot #762 1968 Shelby GT500 Convertible – $330,000
• Lot #772 1970 Oldsmobile 442 Convertible – $275,000
• Lot #767 1970 Chevrolet Chevelle LS6 Convertible – $258,500
Unique sales included the first production 2014 Chevrolet Corvette Stingray Convertible, which sold for $1 Million to Rick Hendrick, the NASCAR team owner who also took home the first production coupe at Barrett-Jackson Scottsdale in January. Proceeds of the sale benefited the Barbara Ann Karmanos Cancer Institute at Wayne State University in Detroit, Michigan.
Adding to the excitement was the attendance of several celebrities and VIPs, many of who sold personal vehicles at Barrett-Jackson Palm Beach. Pop sensation Rob Van Winkle, formerly known as “Vanilla Ice”, was seen enjoying himself inside the auction tent, alongside actor James Marsden, Charles Walsh, Partner in the Chicago Bulls and White Sox sports teams. Ford Motor Company’s Chief Operating Officer Mark Fields, American Le Mans Series driver Ron Fellows and NHRA Top Fuel Champion Joe Amato also enjoyed watching cars cross the auction block. In addition to selling a car, Indianapolis Colts’ wide receiver Reggie Wayne was seen actively bidding with his family standing by his side.
In addition, former General Motors’ Vice President and current Chief Executive Officer of Hendrick Automotive Group Jim Perkins enjoyed watching the event, as did Wayne Huizenga Jr., businessman and former owner of the Miami Dolphins, Florida Marlins, Florida Panthers and the current owner of Rybovich Super Yacht Marina and Refit. Huizenga shared an emotional moment with his wife Fonda on stage, as the couple sold a 1968 Shelby GT500 E Continuation Fastback for $148,500, which was a cherished anniversary gift Fonda had given to her husband years earlier.
Barrett-Jackson also helped raise more than $1.8 million for local and national charitable organizations. Six charitable vehicles were sold during the auction, including the 2009 Ford F-150 King Ranch Super Crew Pickup once owned by former President George W. Bush. The truck sold for $350,000, with proceeds benefiting the National Guard Youth Foundation.