Barrett-Jackson’s Palm Beach Auction Shows Resto-Mods Are In High Demand, Raises Over Half A Million Dollars for Charity During the Company’s Largest 3-Day Florida Event

This 1947 Buick Super 8 Custom Convertible (Lot #735) sold for $412,500 during the 2019 Barrett-Jackson Palm Beach Auction

PALM BEACH, Fla.--(BUSINESS WIRE)--Apr 15, 2019--Barrett-Jackson, The World’s Greatest Collector Car Auctions, was once again the hub of the collector car hobby during the 17th Annual Palm Beach Auction, April 11-13, 2019. In total, 632 vehicles sold for over $30.18 million with a 98.9 percent sell-through-rate, while 258 pieces of automobilia brought in nearly $500,000, and $550,000 was raised through the sale of three charity vehicles, bringing the total auction sales to more than $31.2 million. This marks the company’s largest 3-day Palm Beach Auction to date with a record number of collector vehicles, nearly 1,500 bidders and strong attendance. Results show that Resto-Mods continue to be in high demand while supercars command record hammer prices.

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This 1947 Buick Super 8 Custom Convertible (Lot #735) sold for $412,500 during the 2019 Barrett-Jackson Palm Beach Auction (Photo: Business Wire)

“This year’s Palm Beach Auction was extraordinary, fueled by the momentum we ignited in Scottsdale,” said Craig Jackson, Chairman and CEO of Barrett-Jackson. “The atmosphere on Super Saturday in Palm Beach felt like it did back in Scottsdale, with excitement fueled in part by the sale of dozens of world-class Resto-Mods. We also enjoyed several inspiring moments throughout our largest three-day Florida auction, including the sale of three vehicles that raised $550,000 for charity. We set a land-speed record in Scottsdale and turned around again and did it in Palm Beach. Our 17th Annual Barrett-Jackson Auction was one for the history books.”

The top 10 vehicles sold during the 2019 Barrett-Jackson Palm Beach Auction included:

  1. 1947 Buick Super 8 Custom Convertible ( Lot #735 ) sold for $412,500
  2. 2012 Lexus LFA ( Lot #742 ) sold for $352,000
  3. 2018 McLaren 720s ( Lot #743 ) sold for $324,500
  4. 2017 Rolls-Royce Silver Dawn Convertible ( Lot #749 ) sold for $297,000
  5. 1957 Chevrolet Bal Air Custom Hardtop ( Lot #731 ) sold for $286,000
  6. 2017 Dodge Viper ACR ( Lot #722 ) sold for $286,000
  7. 2005 Ford GT ( Lot #740 ) sold for $275,000
  8. 1964 Chevrolet Corvette Custom Coupe ( Lot #734 ) sold for $275,000
  9. 1970 Chevrolet Chevelle Custom Convertible ( Lot #730 ) sold for $253,000
  10. 1967 Shelby Cobra CSX 4000 Roadster ( Lot #745 ) sold for $231,000

Palm Beach also continued the trend of strong demand for 1980s and 1990s performance cars that have been a rising segment due to the increased presence of Gen-X and millennial buyers. Among the top selling 1980s and 1990s cars that crossed the block in Palm Beach were:

  • 1989 Porsche 930 Turbo Cabriolet ( Lot #727 ) sold for $143,000
  • 1993 Ford Mustang Cobra R ( Lot #674.1 ) sold for $132,000
  • 1986 Porsche 911 Turbo ( Lot #705.1 ) sold for $99,000
  • 1994 Toyota Supra Turbo Liftback ( Lot #680.1 ) sold for $62,700

“Barrett-Jackson is the only auction to offer such an eclectic and exciting mix of collectible vehicles,” said Steve Davis, president of Barrett-Jackson. “From a re-creation of the Ford LTD from the film ‘National Lampoon’s Vacation’ ( Lot #375 ) to a world-class 1947 Buick Super 8 Resto-Mod ( Lot #735 ), the diversity of our dockets appeals to veteran collectors, as well as younger buyers. This rising generation of collectors has been watching our auctions on television, igniting a new wave of passion for this incredible hobby. We look forward to adding to our momentum again during our Northeast Auction at Mohegan Sun this June.”

Barrett-Jackson raised $550,000 for charity during the Palm Beach Auction with the sale of three charity vehicles. On Friday, General Motors announced the final production seventh-generation (C7) Chevrolet Corvette will be auctioned at the Barrett-Jackson Northeast Auction with proceeds benefiting the Stephen Siller Tunnel to Towers Foundation. To date, Barrett-Jackson has raised over $115 million for charity. The vehicles sold in Palm Beach to benefit charity included:

  • 2015 Petty’s Garage Ford Mustang GT ( Lot #3000 ) sold for $110,000 to benefit Wounded Warrior Project
  • Jeff Gordon’s 2009 Chevrolet Corvette ZR1 ( Lot #3001 ) sold for $350,000 to benefit Jeff Gordon Children’s Foundation
  • 2010 Ford Mustang AV-X10 Custom Coupe “Dearborn Doll” ( Lot #3002 ) sold for $90,000 to benefit the Paul Walker charity Reach Out WorldWide (ROWW)

Barrett-Jackson’s Automobilia Auction featured over 258 authentic pieces, including the final segment of the William K. Haines Collection. Authentic vintage gas pumps were among the top sellers, led by a 1950’s Dog N Suds Animated Neon Porcelain Drive-In Sign ( Lot #5998 ) that sold for $19,550, which was also the top-selling automobilia piece in Palm Beach.

The top five automobilia items sold during the Palm Beach Auction include:

  1. 1950s Dog N Suds Animated Neon Porcelain Drive-In Sign ( Lot #5998 ) sold for $19,550
  2. Polly Gas Station Island ( Lot #5984.1 ) sold for $14,950
  3. 1950s Gibble Oil Company Power Gasoline Animated Neon Porcelain Service Station Sign ( Lot #5997 ) sold for $13,800
  4. 1950s Sandy Coin-Operated Kiddie Ride ( Lot #5985 ) sold for $10,350
  5. 1940s Cadillac Neon Porcelain Dealership Sign ( Lot #5996 ) sold for $10,350

Click here to learn more about the 2019 Northeast Auction docket. For more information on becoming a bidder or to consign a vehicle for the 2019 Northeast Auction, visit www.Barrett-Jackson.com.

Join the online conversation on Facebook, Twitter and Instagram #BarrettJackson #BarrettJacksonNOW #CollectorCars

About The Barrett-Jackson Auction Company

Established in 1971 and headquartered in Scottsdale, Arizona, Barrett-Jackson, The World’s Greatest Collector Car Auctions®, is the leader in collector car and automotive lifestyle events, which include authentic automobilia auctions and the sale of high-profile estates and private collections. The company produces auctions in Scottsdale, Arizona; Palm Beach, Florida; at Mohegan Sun in Connecticut; and Las Vegas, Nevada. With broadcast partners MotorTrend (formerly Velocity) and Discovery Channel, Barrett-Jackson features extensive live television coverage, including broadcasts in over 150 countries internationally. Barrett-Jackson also endorses a one-of-a-kind collector car insurance for collector vehicles and other valued belongings. For more information about Barrett-Jackson, visit Barrett-Jackson.com or call 480-421-6694.

For high-resolution photos, please contact Aaron Cook atACook@TPRM.com

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CONTACT: Media Contact:

Barrett-Jackson Communications

Matt Ferguson, Marketing Communications Specialist

(480) 306-8258 |MFerguson@Barrett-Jackson.com

Automotive Media

Aaron Cook, TimePiece PR & Marketing on behalf of Barrett-Jackson

(214) 520-3430 |ACook@TPRM.com

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA

INDUSTRY KEYWORD: LUXURY AUTOMOTIVE PHILANTHROPY PERFORMANCE & SPECIAL INTEREST RETAIL OTHER RETAIL GENERAL AUTOMOTIVE FOUNDATION FUND RAISING

SOURCE: Barrett-Jackson

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PUB: 04/15/2019 10:00 AM/DISC: 04/15/2019 10:01 AM

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