Barrett-Jackson is the largest and most extravagant of the five major collector car auctions taking place during the week of January 13. Over 1,200 cars including 125 Corvettes will cross the famous auction block with SPEED providing nearly 40 hours of live gavel coverage. Craig Jackson and his team put on more than an auction…they produce an extravaganza not to be missed.
Though they were hit hard by the market crash in 2008 their sales have been recovering nicely based on their shifting some emphasis from “muscle” and the addition of their “Salon Collection” cars. In 2012 their Scottsdale auction sold $90.5 million a 30% improvement over 2011 with dollar sales climbing back above 2008 levels.
Their focus is on muscle cars (though not to the extent of years past), Corvettes, hot rods, custom/restomods and the “salon” collection, an exclusive offering of rare, upper tier award-winning collector cars with historical provenance, many of which have not been up for sale in quite some time.
In 2012, the first year the Salon collection was added, seven of these cars topped $1 million. Based on that success it is back for 2013. Another move to increase consignments of high value cars, Barrett-Jackson has moved away from an all “no reserve” auction and now auctions some cars that have reserves placed on them. The primary reason for this was consignments of high dollar cars after 2008 had virtually “dried up” due to the huge risk a consigner faced placing a car in a “no reserve” auction in a volatile market.
Jackson admits he has been on both sides of the fence on this issue but understands a consigner’s concern. So to entice consignments of high dollar cars Barrett-Jackson has begun to accept cars with reserves. This policy works well with regards to the “blue chip” consignments, the type of cars in his “salon” collection. This strategic move was also made due to the strength of the high end classic segment of the market during the recession. For Barrett-Jackson it was a move similar to diversifying an investor’s stock portfolio.
In addition to the seeing the C7 Corvette there will be some of the finest Corvettes in the country cross the block, including General Motors Chairman and CEO Dan Akerson’s Regal Turquoise 1958 C1.
Lot #3010 1958 Chevrolet Corvette. All proceeds to benefit Habitat for Humanity. The Corvette Will be sold at approximately 5:30pm on Friday, January 18, 2013.
Lot #5042 1969 L88 Corvette Coupe. One of the “bluest of the Blue Chip” Corvettes to watch closely this year is the documented last L88 Corvette coupe that General Motors ever produced. The car retains its original Corvette order copy, the build sheet as well as a copy of the window sticker. Surprisingly it is a “no reserve” offering!
Spanky Assiter, Craig Jackson’s auctioneer, will be auctioning every generation of Corvette, from Bloomington Gold investment grade cars to outstanding “restomod” Corvettes which have been increasingly popular at auction. At last count Barrett-Jackson had 125 Corvettes scheduled to be auctioned off during the week, 33 C1’s, 44 C2’s, 32 C3’s, 10 C4’s, 5 C5’s and 1 C6.
Lot #1310 1961 Corvette Restomod 5.7L with a Tremec 5-speed. This is a car to drive and enjoy!. The classic Corvette look with a modern power plant, fuel injection, rack & pinion steering and disc brakes.
This year there will be an exceptional offering of 1967 Corvettes, from the silver, numbers matching 327/350hp, 4-speed from the Bob Howard Collection to the Marina blue, tri-power 427/400hp Bloomington Gold Top Flight Convertible. At last count there were sixteen ’67 Corvettes scheduled to cross the block during the week.
Lot #791 1967 Corvette Coupe. From the Howard Collection, 327/ 350 hp matching numbers V8 with a 4-Speed transmission. New condition Corvette with 19,487 original miles.
Lot #1297 1967 Corvette Convertible. 427/400 hp, factory AC and automatic transmission. Bloomington Gold, NCRS and MCACN Triple Crown.
The first generation cars are equally well represented with cars like Akerson’s 1958 to an impressive 1962 red, NCRS Duntov award winning “fuelie”, 360 HP, wide-tire optioned car. It also carries the Triple Diamond Award, Regional Top Flight Award and Corvette Nationals Gold Concours Award.
Lot #1262 1962 Corvette Roadster. 360 hp fuelie, 4-speed transmission, RPO 276 wide wheels, frame off restoration. NCRS Duntov Award, Bloomington Gold, Triple Crown Diamond Award. Documented with judging sheets and award certificates.
P.T. Barnum, known as the World’s Greatest Showman, would be jealous of Craig Jackson and the team at Barrett-Jackson of the extravaganza put on beneath the legendary quarter mile tent in Scottsdale. If they don’t put on the “greatest show on earth” they at least put on the “greatest show in the car collector world”. But for the real enthusiast the reason to be there is not the glitz, the glitter and the showmanship, it’s being surrounded with some of the finest Corvettes for sale in the world. For the real Corvette enthusiast, at last count Barrett-Jackson® is offering 125 reasons for being there, not counting this year’s “cherry on top”, the auctioning of the newest generation of Corvette, the C7.
Barrett-Jackson’s 2013 Scottsdale auction will take place January 13th-20th at Westworld of Scottsdale. Admission prices vary by day $10 to $55 with weekly, senior, and child discounts available. Visit www.barrett-jackson.com for more information.
Picture used with permission courtesy of Barrett-Jackson