Barrett-Jackson's record-breaking Palm Beach sale brings $20.5 million
Three days, 14 world records and a result of $20.5 million: Barrett-Jackson's latest Palm Beach sale had it all.
"Each year our Palm Beach auction continues to grow and become the heart for the collector car community in South Florida," said Craig Jackson, chairman and CEO of Barrett-Jackson. "We’re grateful for every guest who attended and poured so much energy into this year’s event."
With just under 500 cars crossing the block, the auction achieved an impressive sell-through rate of 99.4%, and sales of vintage automobilia soared by more than 28% on 2016, achieving more than $450,000.
Topping the auction was a highly rare and sought-after 2006 Ford GTX1, one of less than 200 examples ever produced. Complete with an optional hard-top roof, 6-speed manual transmission and less than 15,000 original miles, the car sold for $401,500.
Also amongst the biggest-selling lots was a classic 1961 Volkswagen 23-Window Deluxe Microbus, beautifully-restored and featuring its original safari windshields, which sold for $291,500.
The Microbus was one of the 14 vehicles which achieved new world record prices in Palm Beach.
Further notable record breakers included a 1971 Chevrolet Custom K5 Blazer 4×4 that sold for $220,000, and a 1971 Oldsmobile 442 Convertible that sold for $176,000.
Further standout lots in the top 10 sales included a 1969 Ford Mustang Boss 429 which realized $291,500; a 1988 Lamborghini Countach which sold for $236,500; Hollywood legend Lee Marvin’s 1968 Shelby GT500KR which sold for $220,000; and a 1967 Ford Mustang GT Custom Fastback owned by NFL wide receiver Reggie Wayne which achieved $206,800.
As always, the Barrett-Jackson sale featured a number of vehicles sold to benefit charitable causes.
Amongst these were the first retail production 2018 Chevrolet Camaro ZL1 1LE which sold for $250,000, President George W. Bush’s 2009 Ford F-150 King Ranch Super Crew Pick Up which sold for $90,000, and a 2007 Ford Mustang GT Custom Fastback which sold for $75,000.
Together the vehicles raised a combined $515,000, pushing the amount raised by Barrett-Jackson for charitable causes over the years to a remarkable $94 million.
"The success of this year’s automotive lifestyle event reinforces that people continue to come to Palm Beach to consign and buy world-class collector cars and automobilia," said Steve Davis, president of Barrett-Jackson.
"We’re grateful for the wonderful reception we received in Palm Beach and we look forward to building on our momentum this June during our Northeast Auction."
The Barrett-Jackson Northeast sale takes place at the Mohegan Sun resort in Uncasville, Connecticut on June 21-14.