The high energy of collector cars selling at No Reserve during Barrett-Jackson’s 15th year in Palm Beach helped drive the highest sell-through rate of any Florida collector car auction, including 14 world records as it was propelled by the unprecedented buying power of bidders from 48 states and seven countries.
South Florida’s premier automotive lifestyle event was held April 6-8, 2017, at the South Florida Fairgrounds. Charity sales reached nearly $94 million to date with the sale of five vehicles. The three-day event featured 498 collector cars that sold for approximately $20.5 million in sales with a 99.4 percent sell-through rate. A total of 278 Automobilia lots sold for over $450,000, which is a 28% increase over last year’s Palm Beach event.
“Our 15th Annual Palm Beach Auction was an incredible follow-up to Scottsdale and will help fuel an already banner auction season that kicked off in January,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “Each year our Palm Beach auction continues to grow and become the heart for the collector car community in South Florida. We’re grateful for every guest who attended and poured so much energy into this year’s event. We hope they felt a part of the Barrett-Jackson family along with the millions of people who watched live auction coverage worldwide.”
The diversity of vehicles during the auction included some of the best examples of exotics, supercars, hot rods, classics and customs. Coming in as the auction’s top seller is a 2006 Ford GTX1 (Lot #706), a rare supercar that is one of less than 200 produced and sold for $401,500. A stunning 1962 Chevrolet Corvette LS3 Custom Convertible (Lot# 722) sold for $236,500 and a rare, original ’68 Ford Shelby GT500KR (Lot #718) owned by film star Lee Marvin earned a cool $220,000. One of the most popular cars was Dale Earnhardt’s #3 Goodwrench 1989 Chevrolet Lumina Race Car (Lot #648) that sold for $220,000.
Barrett-Jackson achieved 14 new world sales records including a ’61 Volkswagen Deluxe Microbus (Lot #711) that sold for $291,500 and a ‘71 Chevrolet Custom K5 Blazer 4×4 (Lot #681) that brought $220,000. A pristine and heavily optioned original ’71 Oldsmobile 442 Convertible (Lot #691) sold for $176,000. A fan favorite, a ’60 Volkswagen Karmann Ghia (Lot #385), sold for $48,400 to thunderous applause from the auction crowd.
Five charity cars raised the roof as they sold for a total of $515,000 (with an additional $10,000 donation by Michelle Mauzy and family), bringing Barrett-Jackson close to the $94 million mark in total funds raised for non-profits to date. A highlight was a ’96 Ford Mustang (Lot #3001) built by students at the Jordan Vocational High School in Georgia. Entrepreneur and collector car magnate John Staluppi and his wife Jeanette purchased it for $50,000.
“In an ultimate show of generosity, John and Jeanette announced they would re-auction the Mustang at our Northeast Auction to spur additional donations for the Jordan students,” said Jackson. “We’re grateful for their kindness and that of our other bidders who purchased charity vehicles. Of course, these donations wouldn’t be possible without generous consignors, like Chevrolet, who donated the 2018 Camaro ZL11LE and raised $250,000 for the United Way.”
The Camaro was purchased by NASCAR Hall of Famer and renowned Chevrolet enthusiast Rick Hendrick, famous for his philanthropic gestures over the years like this one at Barrett-Jackson auctions.
Top 10 cars sold during the 2017 Palm Beach Auction were:
- 2006 Ford GTX1 (Lot #706) –$401,500
- 1961 Volkswagen 23-Window Deluxe Microbus (Lot #711) – $291,500
- 1969 Ford Mustang Boss 429 (Lot #729) – $291,500
- 1962 Chevrolet Corvette LS3 Custom Convertible (Lot# 722) – $236,500
- 1988 Lamborghini Countach (Lot #748) – $236,500
- Dale Earnhardt’s #3 Goodwrench 1989 Chevrolet Lumina Race Car (Lot #648) – $220,000
- 1971 Chevrolet Custom K5 Blazer 4×4 (Lot #681) – $220,000
- Lee Marvin’s 1968 Shelby GT500KR (Lot #718) – $220,000
- Reggie Wayne’s 1967 Ford Mustang GT Custom Fastback (Lot #707) – $206,800
- 2010 Ferrari 599 GTB (Lot #732) – $200,200
Top charity car sales in Palm Beach included:
- 1969 International Travelall (Lot #3000) – $50,000
- 1996 Ford Mustang (Lot #3001) – $50,000
- First retail production 2018 Chevrolet Camaro ZL1 1LE (Lot #3002) – $250,000
- 2007 Ford Mustang GT Custom Fastback (Lot #3003) – $75,000 plus an additional $10,000 donation
- President George W. Bush’s 2009 Ford F-150 King Ranch Super Crew Pick Up (Lot #3004) – $90,000
“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.”
Consignments are now being accepted for the 2nd Annual Barrett-Jackson Northeast Auction at the Mohegan Sun Resort in Uncasville, Connecticut, which sold out last year at http://www.barrett-jackson.com/Consignment/Home/OpenRequest. For information on becoming a bidder, follow the link to www.barrett-jackson.com/bid.