Barrett-Jackson

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Barrett-Jackson is an auction company in in Scottsdale, Arizona. The company specializes in the auction of classic cars and antique cars, and runs collector events in in Scottsdale, Palm Beach, Florida, Orange County, California, Reno, Nevada and Las Vegas, Nevada.

History[edit]

Russ Jackson and Tom Barrett organized the original auction at Scottsdale, Arizona. Jackson met Barrett through an interest in Barrett's 1933 Cadillac V-16 town car. In 1967, Barrett and Jackson presented a car show called "Fiesta del Auto Elegance", a fund-raiser for local charities, including the Scottsdale Library. Then in 1972, the two jointly presented a classic car auction, when they auctioned Adolf Hitler's armored Mercedes-Benz 770K. The car more than tripled the previous auction record, selling for $153,200.[1]

Jackson died in 1993, and Barrett in 2004. Craig Jackson, who had worked actively on a daily basis throughout the year and on-site at the event, took over running the company in 1997, the same year the auction began airing live on the Speed television channel. Internet bidding was also introduced at that time.

Starting at the third annual Palm Beach auction in 2005, the show was renamed from "Barrett-Jackson Classic Car Auction" to "Barrett-Jackson Collector Car Auction," followed by the name change in the Scottsdale, Arizona auction in 2006.

Beginning in 2008, the auction also takes place in Las Vegas.

From 2010 to 2012 the auction was held in Orange County, California. However, on January 19, 2013, Barrett-Jackson announced it would move from Orange County to Reno, Nevada as part of the city's Hot August Nights event in August 2013.

Auction[edit]

Although it is billed as an automobile auction, other items are also sold, including trucks, motorcycles, airplanes, engines, boats and other memorabilia. American car manufacturers[which?] sell their first production vehicles of a given model and generation combination, in charity format.

Celebrities who have attended the event putting their own possessions up for auction include Sammy Hagar, Michael Anthony, Jay Leno, Alice Cooper, Billy Corgan of the former Smashing Pumpkins, baseball players Reggie Jackson and Randy Johnson, DMX, Carroll Shelby, Bill Goldberg, Tony Stewart, and motorcycle customizer Jesse James.[citation needed]

Scottsdale, Arizona[edit]

The company's Scottsdale auction currently runs for eight days, including six days of auction, approximately 1000 vehicles, fashion shows, drifting, ride ‘n drives[clarification needed], and demonstrations. The auction draws over 200,000 spectators at WestWorld,[citation needed] where the event has been held since 1989. The Speed channel has been providing TV coverage of the Barrett-Jackson auction since 1993. At the 39th annual Scottsdale auction, 40 hours of auction bidding was aired live on the channel.

Scottsdale auction sales[edit]

Notable sales at the Scottsdale auction have included:

Auction yearLot numberVehiclePrice (in US dollars, including buyer premium, except charity vehicles)
200713011966 Shelby Cobra 427 “Super Snake”[2]$5,500,000
201350371966 #01 Batmobile[3]$4,620,000
200613071950 General Motors Futurliner "Parade of Progress" tour bus$4,320,000
201450351967 Chevrolet Corvette L88 2-door coupe[4]$3,850,000
20059921954 Oldsmobile F-88 concept car$3,230,000
200613041954 Pontiac Bonneville special Motorama concept car$3,024,000
201250081948 Tucker Torpedo$2,915,000
201250051947 Bentley Mark VI Franay$2,750,000
201250001954 Mercedes-Benz 300SL Gullwing$2,200,000
201250021933 Pierce Arrow Silver Arrow$2,200,000
200613091970 Plymouth Hemi ‘Cuda 2-door convertible$2,160,000
201350011955 Mercedes-Benz 300SL Gullwing Coupe [5]$2,035,000
201350191947 Talbot-Lago T-26 Grand Sport[6]$2,035,000
200813041963 Chevrolet Corvette coupe “Rondine” concept car$1,760,000
201350041934 Dusenberg J Murphy LWB Custom Beverly Sedan[7]$1,430,000
201350341956 Chrysler Diablo Concept Convertible$1,375,000
201350251971 Plymouth Hemi 'Cuda Convertible$1,320,000
201350071929 Isotta Fraschini Tipo 8A SS Castagna Roadster$1,320,000
200612871970 Chevrolet Chevelle LS6 convertible$1,242,000
201350161949 Delahaye Type 175 Saoutchik Coupe De Ville$1,210,000
200613061952 Chrysler d’elegance 2-door hardtop$1,188,000
201350281919 Pierce Arrow 66 A-4 Tourer - Fatty Arbuckle$1,210,000
200713041954 Dodge Firearrow II convertible concept car$1,100,000
20071304.11954 Dodge Firearrow IV convertible concept car$1,100,000
200813111928 Duesenberg J Dual Cowl Phaeton$1,100,000
200913071929 Ford 4-AT-E Tri-Motor Airplane$1,100,000
201350411968 Chevrolet Corvette L-88 Owens/Corning Racecar$1,100,000
200613111953 Chevrolet Corvette “#003” convertible$1,080,000
200712811993 Hummer H1 “CNN’s Warrior One”$1,000,000
200813162009 Chevrolet Corvette ZR-1 coupe$1,000,000
20031967 Ford GT40 Mark I[8]$347,760
20011931 Duesenberg[9]$575,000
1972Adolf Hitler's Mercedes-Benz 770K[1]$153,200

Palm Beach, Florida[edit]

In 2003, Barrett-Jackson added a second annual event in Palm Beach, Florida. The auction draws over 50,000 visitors, and approximately 500 vehicles cross the auction block each spring.[citation needed] The event is held for three days at the Americraft Expo Center at the South Florida Fairgrounds and includes auction, ride 'n drives, demonstrations, sponsors and vendors. The Speed channel has been providing TV coverage of the Palm Beach Barrett-Jackson auction since 2002. At the 7th annual Palm Beach auction, 23 hours of auction bidding was aired live on the channel.[citation needed]

Palm Beach auction sales[edit]

Notable sales at the Palm Beach auction have included:

Auction yearLot numberVehiclePrice (in US dollars, including buyer premium, except charity vehicles)
20067231947 Bentley Mark VI Coachworks by Franay$1,760,000
20053781953 Buick Roadmaster “Howard Hughes”$1,650,000
200650012005 Ford GT coupe$530,000
20053751968 Shelby GT500 E convertible$561,000
2009369.11969 Chevrolet Camaro RS custom “Project American Heroes”$500,000
20067241939 Bentley Royale Custom$407,000
2006703.11953 Buick Skylark convertible$390,500
2006723.11931 Bentley Aero coupe hot rod$385,000

Las Vegas, Nevada[edit]

In 2008, Barrett-Jackson added a Las Vegas event at the Mandalay Bay Resort & Casino. The inaugural Las Vegas included 533 collector vehicles, over 50,000 attendants and nearly $30 million in total sales over 3 days.[citation needed] Over 16 hours of live coverage was broadcast on the Speed channel. In 2009, the second annual Barrett-Jackson Las Vegas event had over 51,000 visitors and over $23 million in total sales for 428 vehicles.[citation needed] The Speed channel showed 19 hours of the auction.[citation needed]

Las Vegas auction sales[edit]

Notable sales at the Las Vegas auction have included:

Auction YearLot NumberVehiclePrice (in US dollars, including buyer premium, except charity vehicles)
201065802008 Bugatti Veyron Supercar$770,000
201164001964 Ford Fairlane 2 Door Hardtop$700,000[10]
200930002009 Iacocca Silver 45th Anniversary Fastback Mustang #5 of 45 Limited Edition$352,000
20116752009 Mosler Raptor Prototype$264,000
2008805.12003 Saleen S7 2-door coupe$260,700
2008674.32012 Chevrolet ZL1 Camaro$250,000
2008803.11969 Ford Mustang Boss 429 fastback$214,500
20088121962 Lincoln Continental 4-door sedan “John F Kennedy’s”
20088011938 Packard Victoria 2-door convertible$209,000

Reno, Nevada[edit]

In 2013 the Orange County, California auction was moved to Reno, Nevada.

Charity work[edit]

Since 2006, the company has helped raise more than $20 million. In 2008 it raised nearly $7 million at the three annual events. In 2009 $4.4 million was raised at the Scottsdale auction and over $1.5 million in Palm Beach. Some of the charities that have benefited from Barrett-Jackson are The ChildHelp Foundation, The Darrell Gwynn Foundation, Juvenile Diabetes Research Foundation, The National MS Foundation, The Carroll Shelby Children’s Foundation, The Armed Forces Foundation, The Hendrick Marrow Foundation, MLB Charities, The Boy Scouts of America, the EAA Young Eagles, and St. Jude's.

Fox Sports broadcasts[edit]

The Speed channel started live broadcasting the auction since 1997, produced by Lingner Group Productions, Inc. In addition, there are derivative programs based on the auction. In 2013 Reno, Nevada auction, live coverage was also seen on Fuel TV.

2013-2014 Las Vegas auction, live coverage was moved to Fox Sports 1, Fox Sports 2, and National Geographic Channel.

During auction broadcast, Fox sports also offers Hagerty Fantasy Bid, a game where viewers seek to closely match the price of the upcoming fantasy car without going over, before the actual bidding. Tie breakers are determined by the time of the bids. Points and prizes are awarded to individual car winners, daily winner, and auction winner.

In 2015 Live Coverage was moved to Discovery and Velocity but the broadcasters did carry over From Fox Sports

Co-branding and licensing[edit]

In 2008, Sherwin-Williams and Barrett-Jackson launched a line of auto paint under the Planet Color brand. The line of 25 colors was sold in NAPA and Sherwin-Williams stores. Branded merchandise and apparel are also licensed, as well as novelties and die-cast toy automobiles.

Company auction records by year[edit]

Scottsdale, Arizona[edit]

YearLotItemCost (in US dollars, before buyer premium)
1972Adolf Hitler's Mercedes-Benz 770K[1]$153,200
20011931 Duesenberg[9]$575,000
20031967 Ford GT40 Mark I[8]$347,760
20059921954 Oldsmobile F-88 General Motors concept car$3,230,000
200613071950 General Motors Futurliner "Parade of Progress" tour bus$4,320,000
200713011966 Shelby Cobra 427 "Super Snake"
owned by Carroll Shelby
$5,500,000
200813091963 Chevrolet Corvette "Rondine" concept car$1,600,000
200913071929 Ford 4-AT-E Tri-Motor NC9612$1,100,000
201013071929 Hamilton Metalplane H47$671,000
201112962012 Ford Mustang Boss 302 Laguna Seca$450,000
201250081948 Tucker Torpedo$2,915,000
201350371966 #01 Batmobile$4,620,000
201450351967 Chevrolet Corvette L88 2 Door Coupe$3,850,000

Palm Beach, Florida[edit]

YearLotItemCost (in US dollars, before buyer premium)
20053781953 Buick Roadmaster 4-door sedan
owned by Howard Hughes
$1,500,000
20067231947 Bentley Mark VI
coachworks by Franay
$1,600,000
20076972007 Chip Foose custom coupe
built to buyer's specification
$300,000
20086591967 Shelby GT500
signed by Carroll Shelby
$190,000
2009369.11969 Chevrolet Camaro RS/SS custom 'Project American Heroes'[11]
built by Super Chevy magazine
$500,000
20106782011 Chevrolet Corvette Chevrolet Corvette ZO6$297,000
2011665.41957 DeSoto DeSoto Adventurer$247,500

Las Vegas, Nevada[edit]

YearLotItemCost (in US dollars, before buyer premium)
2008774.42006 Ford Mustang GT custom
owned by Funkmaster Flex
$300,000
20088191949 MG TC
raced by Carroll Shelby
$285,000*
20097041965 Shelby Cobra CSX2568
1st owned by Jacuzzi[12]
$400,000

Orange County, California[edit]

YearLotItemCost (in US dollars, before buyer premium)
201065802008 Bugatti Veyron770,000

Lawsuits[edit]

At the 2007 Scottsdale auction, after the last authenticated Ramchargers (a former drag racing team that had been staffed by Chrysler Corporation employees) race car had been sold for $300,000, owner David Clabuesch accused the auction company of ending the auctioneering prematurely, resulting in a lower than expected sale price. After the sale, Barrett-Jackson sued Clabuesch for "outrageous and defamatory actions," including chaining the car's wheels at the auction tent and putting up a sign calling its sale "void".[13][14] On January 10, 2008, Barrett-Jackson announced a settlement had been reached three days earlier. In the settlement, Clabuesch exonerated Barrett-Jackson of all allegations of wrongdoing in relation to a situation that occurred at the company’s Scottsdale event in January 2007.[15]

2007 Sports Car Market dispute[edit]

During the 2007 Scottsdale auction, Keith Martin, editor of Sports Car Market and a former member of Speed Channel's on-air commentary team for the auction, was ejected from the auction by Barrett-Jackson. At the time Martin was ejected, Sports Car Market had run unfavorable editorials about the state of the collector car industry and whether some cars were worth the high dollars being spent on them but not mentioning Barrett-Jackson or any other firm by name.[16] During the auction Martin allegedly made comments about company business practices and the quality of cars sold; according to Barrett-Jackson, he told people in the media center to leave B-J and attend the auction of a competitor. He was also dropped as a SPEED TV network commentator, at the request of Barrett-Jackson.[17][18]

See also[edit]

References[edit]

  1. ^ a b c Frey, Peter W. (March 18, 1990). "A Driving Passion". The New York Times. Retrieved January 20, 2013. 
  2. ^ "Barrett-Jackson Lot: 1301 - 1966 SHELBY COBRA 427 "SUPER SNAKE"". Barrett-Jackson website. Barrett-Jackson. 
  3. ^ "Barrett-Jackson Lot: 5037 - 0 #1 BATMOBILE". Retrieved 20 January 2013. 
  4. ^ "Barrett-Jackson Lot: 5035 - 1967 CHEVROLET CORVETTE L88 2 DOOR COUPE". Retrieved 18 January 2014. 
  5. ^ "Barrett-Jackson Lot: 5001 - 1955 MERCEDES-BENZ 300SL GULLWING COUPE". Retrieved 20 January 2013. 
  6. ^ "Barrett-Jackson Lot: 5019 - 1947 TALBOT-LAGO T-26 GRAND SPORT". Retrieved 20 January 2013. 
  7. ^ "Barrett-Jackson Lot: 5004 - 1934 DUESENBERG J MURPHY LWB CUSTOM BEVERLY SEDAN". Retrieved 20 January 2013. 
  8. ^ a b "Barrett-Jackson Dazzles With Classic Cars, Celebrities And World Record Prices" (Press release). Barrett-Jackson. January 22, 2003. Retrieved January 20, 2013. 
  9. ^ a b "Being There: 2001 Barrett-Jackson Collector Car Auction". Motor Trend. June 2005. Retrieved January 20, 2013. 
  10. ^ http://automotive.speedtv.com/article/autos-saturday-barrett-jackson-blog2
  11. ^ 'Heroes' Camaro Hits $500,000 at Barrett-Jackson
  12. ^ Barrett-Jackson to Auction Rare, Stunning 1965 289 Shelby Cobra at No Reserve During Las Vegas Event
  13. ^ Car drama has Barrett-Jackson suing seller
  14. ^ "Barrett-Jackson Auction Co. v. Clabuesch". Digital Media Law Project. Retrieved 3 November 2014. 
  15. ^ "Barrett-Jackson Auction Company Announces Settlement of Defamation Suit". AuctionPublicity.com. Retrieved 3 November 2014. 
  16. ^ http://www.sportscarmarket.com/articles/archives/982
  17. ^ Golfen, Bob "Collector-car writer ejected from show" The Arizona Republic January 19, 2007
  18. ^ Gritzinger, Bob "You're Outta Here - Old cars guru gets the boot from Barrett-Jackson" AutoWeek January 29, 2007

External links[edit]