Despite the nation’s floundering economy, collecting cars remains one of the strongest investment markets both here and abroad. In fact automotive auctioneers Barrett-Jackson report gross sales of more than $32 million just for their 6th annual auction at the Mandalay Bay Resort and Casino in Las Vegas, Sept. 26-28, a whopping 41% increase over 2012. The auction attracted more than 70,000 visitors, and boasted a staggering 657 consignments.
“Results from the Las Vegas auction demonstrate that the collector car market is incredibly strong within all segments of the hobby,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “In addition to the impressive sales numbers, Barrett-Jackson continues to set the trend in the collector car market by providing incredible vehicles to car enthusiasts and continues to give all audiences compelling charitable moments, celebrity appearances and activities
“This event marked the most successful in Barrett-Jackson’s Las Vegas history with the most diverse docket we have ever offered,” added Barrett-Jackson president Steve Davis. “After coming off of an amazing inaugural Reno event in early August, our Las Vegas results achieved a milestone and reinforces once again why Barrett-Jackson is the industry leader.”
Top sellers at the event included a 1967 Ferrari 330 GTC which sold for $495,000; a 1930 Lincoln Model K covertible for $352,000; a 2005 Ford GT 2-door coupe which went for$275,000); 1967 Shelby GT500E sold for $242,000 and a pair of 1963 Corvettes owned by Rick Hendrick, which sold for $106,400 and $100,000,etc.