SCOTTSDALE, AZ -- (Marketwired) -- 04/09/13 --
•More than $21 million in gross sales -- An increase over 2012 sales •Nearly 55,000 car fans in attendance •More than $1.8 million raised for charity
Barrett-Jackson, The World's Greatest Collector Car Auctions, announced today that it generated more than $21 million in gross sales of rare, high-end collectible vehicles, exotics, customs, classics, hot rods and resto-mods, during its 11th Annual Palm Beach auction, held April 4-6, 2013 at the South Florida Fairgrounds.
Despite severe thunderstorms, more than 55,000 car fans were in attendance to witness the comprehensive lineup of cars at the renowned auction and lifestyle experience. It was clear from the cheers of the standing-room only crowd and the final sales prices that the collector car market is continuing at a steady incline and that Barrett-Jackson retains its stronghold within the hobby.
In fact, certain market segment sales were on-par with those from pre-recession 2007. Specifically, American muscle car sales were strong overall, as exampled by Lot #713 Chevrolet Chevelle SS LS6 2-Door Coupe selling for $148,500, Lot #713.1 1969 Chevrolet Camaro Z/28 2-Door Coupe selling for $165,000 and Lot #739 2010 Chevrolet Camaro Custom 2 Door Coupe, which was built by Hendrick Motorsports for country superstar Brad Paisley. Several late European Sports Cars also crossed the block and did exceptionally well. In an effort to attract new collectors to the hobby, Barrett-Jackson also offered by design, an introductory auction on Thursday, for those who still wanted to get a piece of the action with a quality lineup of cars.
Top five individual sales at the 2013 Barrett-Jackson Palm Beach auction included:
•Lot #3004 2014 Chevrolet Corvette Stingray Convertible - $1,000,000 •Lot #3006 2009 Ford F-150 King Ranch Super Crew Pickup - $350,000 •Lot #762 1968 Shelby GT500 Convertible - $330,000 •Lot #772 1970 Oldsmobile 442 Convertible - $275,000 •Lot #767 1970 Chevrolet Chevelle LS6 Convertible - $258,500
Unique sales included the first production 2014 Chevrolet Corvette Stingray Convertible (Lot #3004), which sold for $1 Million to Rick Hendrick, the NASCAR team owner who also took home the first production coupe at Barrett-Jackson Scottsdale in January. Proceeds of the sale benefitted the Barbara Ann Karmanos Cancer Institute at Wayne State University in Detroit, Michigan.
"We kicked off the year strong in Scottsdale and are thrilled that our 11th year at Palm Beach has kept that momentum going," said Craig Jackson, Chairman and CEO, Barrett-Jackson. "We were able to offer a unique lineup of rare, high-end automobiles that helped to bring out an enthusiastic crowd and we are proud to see that the collector car hobby is going strong. We're very pleased with the event's overall results."
Adding to the excitement was the attendance of several celebrities and VIPs, many of whom sold personal vehicles at Barrett-Jackson Palm Beach. Pop sensation Rob Van Winkle, formerly known as "Vanilla Ice," was seen enjoying himself inside the auction tent, alongside actor James Marsden, Charles Walsh, Partner in the Chicago Bulls and White Sox sports teams. Ford Motor Company's Chief Operating Officer Mark Fields, American Le Mans Series driver Ron Fellows and NHRA Top Fuel Champion Joe Amato also enjoyed watching cars cross the auction block. In addition to selling a car, Indianapolis Colts' wide receiver Reggie Wayne was seen actively bidding with his family standing by his side.
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