A Record-Setting Year for Scottsdale Auctions

With a brand-new auction facility and Guinness World Record-setting marquees, hundreds of cars sold at no reserve, celebrity appearances and charity fundraisers, it was a banner year for Barrett-Jackson in Scottsdale. Gross sales for the event were the highest in the auction’s history, topping $113 million. If you weren’t among the auction’s estimated 300,000 attendees, here’s what you missed:

1617158_10151866959152344_1498043307_oThe week started out with the fanfare of the opening night gala, headlined by rocker Bret Michaels, and with Billy Baldwin auctioning off a 2015 Super Bowl package to benefit the Carol M. Baldwin Breast Cancer Research Foundation. Over the course of the week, $4.4 million was raised for charities including the Juvenile Diabetes Research Foundation, NASCAR Foundation, Armed Services Foundation, Make-A-Wish, and others.

Celebrity couple Gene Simmons and Shannon Tweed-Simmons were on hand to auction a custom 1956 Ford F-100 Shelby truck, which raised $450,000 to build a children’s hospital in Shannon’s home province of Saskatchewan. Famed friends and rivals Don “The Snake” Prudhomme and Tom “The Mongoose” McEwen signed autographs before selling full-sized replicas of their famous Hot Wheels vehicles for $990,000. The highest sale of the week was a 1967 Chevrolet Corvette L88 for $3,850,000.

More than any other auction, Barrett-Jackson is also a lifestyle event. Over the course of the week attendees had a chance to preview new models like the just-released 2015 Ford Mustang (the first retail model earned $300,000 on the auction block for the Juvenile Diabetes Research Foundation), and the yet-to-be-released Lincoln MKC. The Arizona Foothills Ladies Lounge offered a respite from the testosterone-driven excitement of the auction floor, and there was plenty of food, fun and shopping experiences for everyone.

This 1958 Ferrari set an Arizona Auction Record
at RM Auctions

RM Auctions
How’s this for a record setter? A 1958 Ferrari 250 GT LWB California Spider sold for a whopping $8.8 million, setting an Arizona Auction Week record. Over the course of two days, RM realized $45,563,450 in sales, including ten sales over a million dollars.

Gooding and Company
Down the road at Gooding and Company, 110 of 117 cars sold, with an average price of $449,650 per car sold. Leading the way toward $49.4 million in total sales was a dark blue 1958 Ferrari 250 GT Series 1 Cabriolet, which set a new world-auction-record for its model at $6,160,000. Overall, 13 cars sold for over a million dollars, and 11 new world auction records were established at Gooding.

Russo and Steele
More world records were set at Russo and Steele’s five-day auction, where total sales exceeded $21 million. A Lamborghini 360 GT set a record at $742,630, and a legendary 1963 Pontiac Tempest Le Mans Super Duty drag racing car, 1 of 2 known examples still in existence, sold for a record-setting $335,630.

Experts point to the success of the Scottsdale auctions as an indicator of the strength of the market, and a promising outlook for the remainder of the year’s events. The next stop on Barrett-Jackson’s auction schedule is Palm Beach, Fla., April 11 to 13. Russo and Steele will head to Newport Beach, June 19 to 24. For complete auction results, visit Barrett-Jackson‘s, RM Auctions‘, Gooding and Company‘s, and Russo and Steele‘s websites.

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