Collector car auction company Barrett-Jackson returned to the WestWorld event facility for their 50th annual Scottsdale sale, and over the course of nine days set a new record for the January auction. The take totaled just over $203 million for vehicles and automobilia combined, a new high for Barrett-Jackson. In excess of $8.8 million was raised for charity through the sale of ten vehicles. The top seller for the week-long auction was the yet-to-be-built first production 2023 C8 Corvette Z06 (VIN 001), which hammered for $3.6 million, with all proceeds from the sale going to charity.
Bidding was brisk, as the white-hot collector car market continues its meteoric ascent, with average vehicle sales eclipsing the $105,000 mark. A total of 1,857 cars found new ownership with a 100 percent sell-through rate, courtesy of all lots being sold at no reserve. Ten non-charity vehicles sold for north of $1,000,000, another new record for Barrett-Jackson. “Our Scottsdale Auction set an unprecedented pace with record-setting prices,” said Craig Jackson, chairman and CEO of Barrett-Jackson. In all, 140 collector-car world records were set over the course of the event.
General Motors offerings made a big splash at the Barrett-Jackson Scottsdale sale. In addition to the new 2023 Corvette Z06 hammering for an incredible $3.6 million, a stunning 1963 Chevy Corvette custom Split Window coupe finished in glossy silver over a black leather interior sold for $715,000, a 1967 Chevy Corvette custom convertible in Marina Blue over Ivory also sold for $715,000, a menacing black over black 2006 Hummer H1 Alpha custom changed hands for $687,500, and the Deepwater Blue 1967 Chevy Yenko Super Camaro we covered prior to the auction sold for $632,500. Another car we featured, the final Buick Grand National produced, found new ownership at $550,000, and the 1959 Buick Invicta custom named “Blue Suede Shoes” changed hands for $412,000. In all, some eighteen GM vehicles sold for over $400,000. This list is as follows:
- Lot #3009 2023 Chevy Corvette Z06 VIN 001 – 70th Anniversary Edition $3,600,000 (charity)
- Lot #1363 1963 Chevy Corvette Custom Split Window Coupe $715,000
- Lot #1367 1967 Chevy Corvette Custom Convertible $715,000
- Lot #1402 1958 Chevy Corvette Custom Convertible $687,500
- Lot #1462.1 2006 Hummer H1 Alpha Custom SUV $687,500
- Lot #1407 1967 Chevy Yenko Super Camaro 427/450 $632,500
- Lot #1410 1970 Chevy Chevelle LS6 Convertible $572,000
- Lot #1347 1987 “The Last Buick Grand National” $550,000
- Lot #1403 1963 Chevy Corvette Custom Split Window Coupe $550,000
- Lot #1318 1948 Chevy Crew Cab COE “Decoliner” $511,500
- Lot #1421 Burt Reynolds’ 1977 Pontiac Firebird Trans Am SE $495,000
- Lot #1459 1959 Chevy Corvette Custom Convertible $495,000
- Lot #1358 1958 Chevy Corvette Custom Convertible $462,000
- Lot #1349 1969 Pontiac GTO Custom Convertible $440,000
- Lot #1423.1 1971 Chevy K5 Blazer Custom SUV $440,000
- Lot #1356 1956 Cadillac Series 62 Custom Convertible $412,500
- Lot #1359 1959 Buick Invicta Custom Coupe “Blue Suede Shoes” $412,500
- Lot #1366 Rusty Wallace’s 1966 Chevy II Nova Custom Coupe $401,500
To see more pics of these spectacular GM cars, be sure to check out the Barrett-Jackson Scottsdale webpage.
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Comments
I thought we were all in a pandemic? Well I guess the not for the rich . I wonder how many of there cars were bought with PPP loan money?
Root word in pandemic is panic. Baby boomers flush with cash.
BJ auction in Scottsdale is not a good measure.
This has become not a traditional auction but more a social event for high rollers to fly in drink and bid.
Nothing wrong with this but it does lead to some very artificially high prices. Often the cars that are over paid for come back and are sold a year or so later for less,
Another take on the pricing could be that many “high rollers” look at the classic car purchases as a way to shelter wealth, i.e. tax free or reduced tax assets. When A very creative tax lawyer/accountant works through multiple purchases, they can be valued far less than actual auction price. Resale handled in the same manner. With Brandon hiring 80,000 new irs Nazis, more and more transactions like these will continue. The rich are rich for a reason.
It’s just a small part of the overall $2Trillion auto industry. Cars are passion that we spend money on only to sell that love affair a year later. Cars have been my life passion since being conceived in Dad’s 34 Chevy hot rod in 1956. Yes, I have loved and sold hundreds since my first deal at 13. It’s weird, right?
I watched a good bit of the auction, seemed like a never ending parade of 67-69 Camaro’s, 60’s Mustangs and custom pick-ups? At times, it gets boring to watch. Personally, I think Mecum has pulled ahead of B-J overall in the world of mega auctions.