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Inaugural Hot August Nights Auction Presented by Barrett-Jackson Generates More Than $14.2 Million in Sales August 8-10, 2013

Aug 12 2013 12:00AM

Marketwire

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SCOTTSDALE, AZ -- (Marketwired) -- 08/12/13 --


NEWS HIGHLIGHTS:

•More than $14.2 Million Total Sales •Nearly 40,000 Total Attendance •Inaugural Barrett-Jackson Cup™ and $20,000 Awarded to Ultimate Best of Show

Barrett-Jackson, The World's Greatest Collector Car Auctions™, announced today that it generated more than $14.2 million in gross sales of rare, high-end collectible vehicles, exotics, customs, hot rods and resto-mods, during its inaugural Hot August Nights Auction Presented by Barrett-Jackson held August 8-10, 2013 at the Reno-Sparks Convention Center.

Overall attendance was strong with the inaugural event attracting nearly 40,000 car enthusiasts throughout the weekend. Classic and collector car fans enjoyed a week-long celebration of some of the rarest and most recognizable cars in the world, including a custom built 2013 Chevrolet Camaro COPO 2 Door Coupe (Lot #427) owned and built by Richard Rawlings, owner of Gas Monkey Garage in Dallas, TX and star of Discovery Channel's Fast N' Loud. The car was sold on Friday for $137,500 and will be featured on an upcoming episode.

The top 5 sales were as follows:

•Lot #3002 2014 Shelby GT500 Convertible - $500,000 •Lot #719 1963 Chevrolet Corvette Convertible - $192,000 •Lot #702.1 1950 Jaguar XK 120 2 Door Roadster - $178,200 •Lot #724 1968 Shelby GT500 E Continuation Fastback - $165,000 •Lot #730 1957 Chevrolet Corvette Convertible - $148,500

Participants in the Downtown Reno Show-n-Shine were able to compete for a $40,000 prize purse with $20,000 going to the Ultimate Best of Show, along with the coveted Barrett-Jackson Cup™ and an LS3 Crate Engine donated by Chevrolet Performance. On Saturday August 10th, vehicle owner George Poteet from Collierville, Tenn, builder Troy Trepanier from Manteno, Ill., and Jack Trepanier, general manager of Rad Rides by Troy, were awarded the highly-regarded Cup for their custom 1969 Ford Torino by Craig Jackson, Chairman and CEO of Barrett-Jackson, Steve Davis, President of Barrett-Jackson, and Governor of Nevada, Brian Sandoval.

For the first time ever, Barrett-Jackson also offered three bonus broadcast hours on Saturday on FUEL TV, in addition to 16 hours of live coverage on SPEED, reaching the homes of millions of viewers. The Reno Tahoe auction marks SPEED's last broadcast with Barrett-Jackson but the start of a new relationship with the FOX family of networks.

"Bringing our auction and the inaugural Barrett-Jackson Cup™ to Hot August Nights proved to be a successful and exciting experience for all involved," said Craig Jackson, Chairman and CEO, Barrett-Jackson. "We're very happy with this partnership and so proud of the event we brought to Reno Tahoe. We hope to make this a tradition for years to come."

To enhance the planned successful inaugural lifestyle event, Barrett-Jackson partnered with the producers of the upcoming movie, Snake & Mongoose to showcase the iconic Hot Wheels Yellow and Red Haulers and the 'Cuda and Duster Funny Cars raced by legendary drag racers Don "The Snake" Prudhomme and Tom "The Mongoose" McEwen. This display was the first time these cars had been together outside of California in 40 years and was the first of many stops during a U.S. tour, which will include a display at Barrett-Jackson Las Vegas September 26-28, 2013, and ultimately leading up to the cars crossing the block at Barrett-Jackson's monumental 43rd annual Scottsdale Auction January 12-16, 2014.

The producers of the movie also hosted a star-studded, red carpet premiere of the movie at the Century Sierra Summit in Reno. Don "the Snake" Prudhomme attended the premiere as well as other stars from the movie including Richard Blake who plays Tom "the Mongoose" McEwen, Gilligan Gibbons, Billy Gibbon's wife, and Nikki Leigh, Playboy's Miss May 2012.

Keeping in line with Barrett-Jackson's philanthropic efforts, the auction house helped to raise $620,000 for national charitable organizations bringing the total amount raised to-date to more than $55.9 million. Two charitable vehicles were sold during the auction, including the first 2014 Cadillac CTS V-Sport 4 Door Sedan (Lot #3001), which sold on Friday for $120,000 and benefitted the SAE Foundation. Also sold was the last retail 2014 Ford Shelby GT500 Convertible (Lot #3002), which sold on Saturday and benefited the Brain Injury Association of America. This one of a kind vehicle sold for $500,000.

"Our inaugural Hot August Nights Auction Presented by Barrett-Jackson marks a historic partnership between two of the most recognized names in the classic and collector car industry. We feel that it was the right move for our fans and enthusiasts and we couldn't be more proud of the turnout. We're looking forward to coming back next year!" said Barrett-Jackson President, Steve Davis.

Consignments are now available for Barrett-Jackson's upcoming 6th Annual Las Vegas event. For more information, please visit http://www.barrett-jackson.com/consign/. For more information about Barrett-Jackson or to purchase tickets, visit http://www.barrett-jackson.com or call (480) 421-6694.

About The Barrett-Jackson Auction Company
Established in 1971 and headquartered in Scottsdale, Ariz., Barrett-Jackson specializes in providing products and services to astute classic and collector car owners and automotive enthusiasts around the world. The company produces "The World's Greatest Collector Car Auctions™" in Scottsdale, Ariz., Palm Beach, Fla., Las Vegas, Nev. and Reno Tahoe, Nev. Barrett-Jackson also endorses a one-of-a-kind collector car insurance offering for collector vehicles and other valued belongings. For more information about Barrett-Jackson, visit http://www.barrett-jackson.com or call (480) 421-6694.

About Hot August Nights
Hot August Nights, a non-profit organization, is the premiere classic car event in the world, annually drawing hundreds of thousands of spectators and participants to northern Nevada to revel in nostalgia, enjoy top entertainers from the 50s, 60s and 70s and to participate in a variety of events including Show-n-Shines, controlled cruises and more.

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Source: Marketwire


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