Barrett-Jackson® confirmed today in a conversation and subsequent press release that they will offer one of the most significant automobile collections in the world at their Scottsdale Auction in January 2015, the esteemed Ron Pratte collection. A spokesperson for Barrett-Jackson confirmed in a phone interview that the final details for liquidating the major part of Pratte’s collection at the 2015 Scottsdale auction are being finalized by Craig Jackson, Steve Davis and Gary Bennett. Due to the size and significance of the collection a special catalog will be produced as soon as all of the details have been decided. The importance and magnitude of the event was best summarized by Steve Davis, President of Barrett-Jackson, “This is going to create excitement beyond anything we’ve ever seen.” And based on excitement the “World’s Greatest Collector Car Collection Auction” has produced, that is clearly is saying a lot.
The auction of the first regular retail production 2015 Chevrolet Corvette Z06, generously donated by Chevrolet, went for $1 million at the Barrett-Jackson Collector Car Auction in Palm Beach, Fla. on April 12, 2014. The winning bid came from Hendrick Automotive Group Chairman and Hendrick Motorsports owner Rick Hendrick, an avid Corvette collector and preservationist. Proceeds from the auction, which support the Barbara Ann Karmanos Cancer Institute 32nd Annual Dinner, will benefit the renovations of the Institute’s infusion center, providing a more comfortable and soothing setting for patients to receive chemotherapy treatments.
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On Saturday, we traveled across the state of Florida to Palm Beach to watch the first retail 2015 Corvette Z06 Coupe auctioned at Barrett-Jackson. It should come as no surprise that the winner was Chevrolet dealer and NASCAR team owner Rick Hendrick who bid $1 Million for the supercharged Corvette.
In a few days two prophetic auctions will take place that collectors of Corvettes will want to keep their eyes on whether they plan to bid at these auctions or not. The two biggest sellers of collector Corvettes in the country, Mecum and Barrett-Jackson will be holding their second important collector auctions of 2014. The reason these auctions are important is because after some mixed and difficult to interpret first quarter Corvette auction results, we should get a better read on the Corvette collector market and where it is headed for this year. After a spectacular 2013 which saw new records set on “blue chip” Corvette prices, and while the Corvette segment of the collector market was strong for most rare and well optioned cars, at this point it is difficult determine whether last year’s strong market tends will continue for 2014.
Back in January, GM unveiled the highly anticipated C7 Z06 at the North American International Auto Show. According to the General Motors, the 2015 Corvette Z06 will be “the most track-capable Corvette ever, designed to deliver supercar levels of performance through unique powertrain, chassis and aerodynamic features.” Corvette enthusiasts from around the world have been waiting for the reintroduction of the legendary model and if you want to be the owner of the new Z06, VIN 001, then you need to be in Palm Beach, Florida for the Barrett-Jackson auction that runs April 11th through 13th.
The January collector car auctions in Arizona and Florida each year help set the tone for the rest of the auction year. Once again there were plenty of high end Corvettes and eager bidders to go around as 6 and 7-figure bids were quite common. We’ve already taken a look at the Mecum Kissimmee results, but how do they stack up against all of the other January sales? Click past the jump to find out.
The curtain came down Sunday, January 19th, on the most successful Barrett-Jackson Scottsdale auction in history. The FOX televised, eight-day event, sometimes called the “world’s greatest reality show,” was hosted in Barrett-Jackson’s brand new bricks and mortar facility with much improved space and amenities, a building that was completed in only eleven months time and completed only days before the auction start on Sunday, January 12th. Barrett-Jackson’s former main auction tent, the largest tent in the world, was connected to the new permanent auction building and created an impressive almost mile long facility from one end to the other.
All Corvette enthusiast eyes were on Barrett-Jackson in Scottsdale Saturday afternoon in expectation for some record setting prices. If you have been following CorvetteBlogger’s updates on this week’s Barrett-Jackson auction extravaganza, you know that their 2014 event has gotten off to a strong start with attendance up 30% through Thursday and sales exceeding last year by over 8%.
Saturday is traditionally when the best of the best collector cars cross the block and in the late afternoon within a little over one hour six Corvette lot numbers sold for a combined total of $8.63M including bidder fees. These included some of the best known and important Corvettes.
But the real star of the afternoon was a 1967 second generation L88 coupe we called the “crown jewel” of Corvettes in an article back in November, one of only twenty Corvette L88 coupes built that year. Within a few minutes of the famous “Rebel” racecar selling for $2.86M (including buyer’s premium), the 1967 L88 red/red award-winning coupe set a new world’s record for a Corvette sold at auction when it hammered for $3.5M ($3.85M including buyer’s fees). The bidding quickly rose to $2M then surpassed the former record price of $3.2M set by another 1967 L88 last September by almost 10%. When the reserve was lifted the car sold setting a new world’s record Corvette auction record.
1967 427 3 2bbl fully restored car crossing block Saturday Lot 1278 – Photo courtesy of Barrett Jackson
Traditionally Thursday at Barrett-Jackson’s eight day collector car auction is a transitional day that bridges the gap between the early “bargain days” where many entry level, “small cap” collector cars are featured and the more expensive “blue chip” high dollar cars which cross the block on Friday through Saturday. This year has proved to be the strongest start to Barrett-Jackson’s auction extravaganza where over 1300 cars will cross the block over the course of the auction.
The 2014 auction season is off and running and if the first few days’ results are any indication this year is going to set records in prices and attendance. Barrett-Jackson kicked off the season on Sunday, January 12th, with their legendary auction extravaganza and so far have seen attendance jump by 25%. In addition the prices paid have set a precedent for the highest for initial first few days, days traditionally know for “bargains”.