Barrett Jackson Car Auction
The 9th Annual Palm Beach car auction took place in April 2011 and it was organized by the Barrett-Jackson Auctions. This event was a test for the Reserve/No Reserve auction format and it was a success. If the Reserve format provided a great comfort level for the consignors, the No Reserve was a bit scary, but in the end they were surprised by the outcome. In other words, the Barrett-Jackson car auctions organized during the last six years in the No Reserve format confirmed that this pattern is the key to success. Once again, it was proved that this technique is the best choice for a successful car auction and for selling cars at price tags that will satisfy the sellers.
These statements are supported by numbers that have been confirmed year by year. In fact, during the last six years collector vehicles valued at $1 billion were sold using the No Reserve format. The 2011 Scottsdale auction that followed the same format is another example, being the most successful event of this auction house that took place during its 40 years of existence with total sales that exceed $70 million. That’s a record for the car auction history as well.
This 2011 Palm Beach car auction was no exception and brought to the Barrett-Jackson auction house nearly $16 millions. That’s the result of selling classic cars, hot rods, muscle cars, exotics and contemporary collectibles. More than 54,000 people were part of this car auction. This is a number that represents a record for a non-holiday weekend. Maybe that was because the Palm Beach Barrett-Jackson car auction featured more than 400 cars and managed to attract new buyers and consignors. Other incredible numbers related to the 2011 Palm Beach car auction refer to the number of bidders which increased by 57% while the number of consignors increased by 54% since last year.
At this car auction were displayed 52 Corvettes, but only 38 of them managed to find a new owner during the auction. The sales provided by these 38 Corvettes reached around $2.47 millions. The best price was paid for the 2012 Centennial Corvette Z06 ($175,000). The second price was paid for a 1967 Corvette Roadster ($99,000 were offered). Other interesting bids included incredible cars such as the 1957 DeSoto Adventurer Convertible which convinced its new owner to pay $247,500 while the 1970 Oldsmobile 442 Convertible brought to the Barrett-Jackson auction house $165,000. The 1966 Shelby GT350 2 Door Fastback was another incredible classic car part of the auction and sold for no more and no less than $162,800.
Charities were also part of the 2011 Palm Beach car auction. In fact, this Barrett-Jackson auction, was able to raise over $500,000, for local and national charitable organizations. This sum is a small breakdown of the charity vehicles if we take into consideration that during the last five years Barrett-Jackson raised more than $32 millions for charities from all across the country. In this case, the money were obtained by selling during the 2011 Barrett-Jackson car auction a series of charity vehicles including a 1953 Chevrolet Custom 1/2 Ton Pickup for $72,000, a 1974 Mercury Montego Street Version Race Car for $90,000 and an incredible 2006 Volkswagen Jetta 4 Door Bio-Diesel touring Car for $32,000.
As we all expected this 2011 Barrett-Jackson car auction was an exceptional and successful event, proving once again that only professionals can organize these incredible car auctions. If you didn’t have the opportunity to participate at this Barrett-Jackson car auction then you should try visiting the next event organized by this famous auction house.