March 26, 2004

Classic car sales total U.S. $11.8 million at Barrett-Jackson Florida auction

West Palm Beach, Florida – Barrett-Jackson Auction Company announced it sold 302 cars, totalling U.S.$11.8 million, at the 2nd annual Barrett-Jackson Collector Car Auction – Palm Beach, which was held March 18-21 at the South Florida Expo Center in West Palm Beach, Florida.

The three-day event, sponsored by Dodge-Chrysler-Jeep, attracted more than 40,000 people and resulted in the sale of 88 percent of the cars consigned to the auction. The top prices paid on the auction block were $302,400 for a 1956 Mercedes Benz 300SL Gullwing Coupe, $190,080 for a 1955 Mercedes-Benz 300S Cabriolet, and $189,000 for a 1967 Shelby GT500 Fastback.

Other notable sales included $167,400 for a 2000 Bentley Arnage Red Label Sedan consigned by actor Bruce Willis and $167,400 for the 1958 Plymouth Fury featured in the John Carpenter movie Christine. In addition, America’s Most Wanted host John Walsh purchased a 1950 Jaguar Mark V Drophead Coupe for $49,140 at the auction.

The Palm Beach event offered car collectors a unique opportunity to purchase some specialty vehicles from General Motors that were offered for sale for the first time. The sale of 35 GM vehicles included $97,200 for a 1998 Chevrolet Corvette Indianapolis 500 Pace Car driven by the 1963 Indy 500 winner Parnelli Jones, $86,400 for the 1986 Chevrolet Corvette Indy 500 Pace Car driven by legendary pilot Chuck Yeager, and $50,600 for the 2002 Pontiac Firebird Daytona Pace Car driven by Tonight Show host Jay Leno.

Famed NASCAR driver Harry Gant was at the auction to drive a Skoal Bandit Winston Cup car from the GM Collection across the block. It sold for $32,400. In addition, NASCAR driver Mike Wallace was present when the 1965 Ford Thunderbird that he restored sold for $22,680. The buyer received the opportunity to be an honorary member of Wallace’s pit crew team at a 2004 Busch Series event.

“We’re extremely pleased by the results of our second South Florida event,” said Craig Jackson, president of Barrett-Jackson Auction Company. “The success we achieved at this auction, along with the results from our Scottsdale auction, reflects the increased popularity of classic vehicles and the automotive lifestyle experience.”

The 3rd annual Barrett-Jackson Collector Car Auction – Palm Beach is scheduled for March 17-20, 2005, at the South Florida Expo Center. Barrett-Jackson’s next auction will be June 26-27, 2004, at the Petersen Automotive Museum in Los Angeles.

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