Barrett-Jackson's car sale gets highest-ever 97% Las Vegas sell-through rate

Tammy Allen's favourite seller the Barrett-Jackson Auction Company yesterday (September 28) announced more than $24 million in gross sales of Exotics, Customs, Classics, Hot Rods, Resto-Mods and original collector vehicles at its 4th annual Las Vegas auction at the Mandalay Bay Resort and Casino September 22-24, 2011.

The 1964 Ford Fairlane 500 (Lot #6400) was the top selling vehicle, garnering $700,000 on Saturday night.  Following the Fairlane in top sales was the first 2012 Camaro ZL1 (Lot #674.3) offered to the public, with a sale price of $250,000. 

Rounding out the top selling vehicles:

* Lot #675 -2009 Raptor GTR Prototype Mosler - $240,000

* Lot #370.1 - 1971 Plymouth 'Cuda Custom 2 Door Hardtop - $200,000

* Lot #668 - 1968 Shelby GT500 Convertible - $160,000

"Results from the Las Vegas auction demonstrate that the collector car market is incredibly strong within all segments of the hobby, despite an uncertain global economic climate," said Craig Jackson, chairman and CEO, Barrett-Jackson. 

"In addition to the impressive sales numbers, Barrett-Jackson continues to lead as the collector car auction for all audiences with compelling charitable moments, celebrity appearances and activities for everyone — all under the neon glow of the Las Vegas Strip at the beautiful Mandalay Bay Resort and Casino."

The 2011 three-day automotive lifestyle event recorded several significant milestones. These include that 580 vehicles sold in three days, a record for Las Vegas 97% sell-through rate, and 60,000 attendees, the highest numbers for a Las Vegas auction.

1964 Ford Fairlane 500

Top to bottom: the 1964 Ford Fairlane 500; the 1968 Shelby GT500 Convertible;
and the 2009 Raptor GTR Prototype Mosler  


Barrett-Jackson drew many celebrities throughout the event including Actor Josh Duhamel, Actor Tom Arnold, cast members of the hit cable television show "Pawn Stars," Comedian Rich Little, Magician Criss Angel and legendary MMA Champion Randy Couture.

The members of "Pawn Stars" attended the auction in support of a 1915 Ford Model T Custom Woody Sedan that hit the auction block fresh from an episode of the top-rated cable program. World renowned magician Criss Angel also watched as his custom collection of vehicles disappeared from the auction block.

During the Las Vegas auction, Barrett-Jackson helped raise nearly $1,400,000 for local and national charitable organisations

"The 2011 Las Vegas auction brought our 40th anniversary to close as 60,000 fans witnessed a very diverse offering of vehicles and a demonstration of charitable moments that are a cornerstone of Barrett-Jackson," said Steve Davis, president, Barrett-Jackson.

"The outpouring of goodwill that we experienced is very gratifying and the sale of my 1964 Ford Fairlane 500 is a moment that I will always remember."

Barrett-Jackson's 41st Annual Barrett-Jackson Collector Car Auction will be held on January 16-22, 2012 in Scottsdale, Arizona. 


 

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