Barrett-Jackson Palm Beach 2012 – Auction Report

Barrett-Jackson, South Florida Fairgrounds, West Palm Beach, Florida, April 5-7, 2012

Report and photos by Rick Carey, Auction Editor

2012 marked the tenth anniversary of Barrett-Jackson’s first sale in Palm Beach. Its success has conclusively proved the attraction of B-J’s “event” format and led to other B-J events in Las Vegas and Orange County.

Each of the Barrett-Jackson auctions is distinctly, if subtly, different, as Craig Jackson described in his Friday morning press conference. Here, for example, there is a large consignment of late model cars, “which sell well in South Florida” Craig said. 69 of the 435 lots were model year 2000 or later, 15.9% of the full docket.

Similarly, 118 of the lots offered, 27.1%, were self-described as “custom” in one way or another. The “Custom” term encompasses many things, it should be said, from skirts, spotlights and lakes pipes to the far-out ’63 Corvette “V7”, but it, too, speaks to the makeup of Barrett-Jackson’s Florida bidder base, which largely comes from the eastern U.S., Canada and Europeans hoping to take advantage of a relatively strong Euro (and sunny weather).

But, please, Gary, spare us the likes of Lot # 694.1, the Bentley Continental GTC on grotesque 24” chrome wheels, in the future. It isn’t a car, it’s a caricature, even if it did sell for $129,800.

Among the 435 lots there were six offered with reserves. All but two sold. There were two pairs offered, a ‘57/’07 Corvette pair with matching 6-digit VINs and the Yellow Submarine and trailer.

Aside from some morning showers (one morning was more like a deluge) the weather was great.

Top sale was the 2011 Mustang Shelby GT500 sold to benefit Wounded Warriors Family Support that sold twice, first for $500,000, then for $450,000. Two onlookers then each pitched in $25,000 to bring the total to $1 million. The beneficiary (and its spokesman’s remarks on the block) sparked a controversy that is still going on, but does nothing to diminish the effectiveness of B-J’s charity marketing or the continuing generosity of its bidders.

There is no controversy, however, about the success of this auction or about Barrett-Jackson’s success in attracting bidders and a horde of spectators in for a few days of tire-kicking and buying.

B-J Palm Beach
Cars Offered / Cars Sold
Sale %
Average Sale
Total Sales
Chg from prior year
2012
435 / 433
99.5%
$41,001
$17,753,245
20.1%
2011
429 / 375
87.4%
$39,400
$14,774,875
(33.2%)
2010
464 / 464
100%
$47,671
$22,119,259
N/A

Barrett-Jackson Palm Beach 2012 – Auction Report

1958 Edsel Corsair 2-Dr. Hardtop

Lot # 31 1958 Edsel Corsair 2-Dr. Hardtop; S/N X8SW711225; Light Grey, White roof and accent/White vinyl, Black cloth; Unrestored original, 4 condition; Hammered Sold at $9,000 plus commission of 10.00%; Final Price $9,900 – 410/345hp, automatic, pushbutton radio, no P/S or P/B. Mismatched wheel covers, dented body, peeling old repaint, tattered original upholstery, rotten door bottoms. Restoration project. Riley Hogan, Jr. Collection. This is all that can be expected for an undistinguished, rusty, dilapidated old Edsel, even with the big motor. The first of 42 cars from Riley Hogan, Jr.'s collection, it was unfortunately typical of the condition of several of them.

1962 Oldsmobile Starfire

Lot # 31.2 1962 Oldsmobile Starfire 2-Dr. Hardtop; S/N 626L02546; Ice Blue/Blue vinyl; Unrestored original, 3+ condition; Hammered Sold at $19,000 plus commission of 10.00%; Final Price $20,900 – Automatic, buckets and console, P/S, P/B, P/W, period aftermarket A/C, shirts, rear antenna, pushbutton radio, spinner wheel covers, whitewalls. Sound but chipped and occasionally buffed through original paint. Good original interior and chrome. A sound original car that can, and should, be used as is. Riley Hogan, Jr. Collection. A surprisingly strong and sound original car and a desirable model, the Palm Beach bidders gave it a full retail price. It will be fun to use for a few years, then be the basis for a straightforward restoration.

1957 Lincoln Premiere

Lot # 33.1 1957 Lincoln Premiere 2-Dr. Hardtop; S/N 57WA19780L; Pink, Burgundy roof/Dark Blue, White vinyl; Visually maintained, largely original, 3- condition; Hammered Sold at $5,500 plus commission of 10.00%; Final Price $6,050 – Automatic, Town & Country radio, P/W, wheel covers, whitewalls. Original outside mirrors missing but the screws remain, casually repainted along with the rest of the car. Cracked driver's window. Failing old repaint, good interior, fair chrome, some pitted trim, cracked steering wheel. No visible rot or rust. Good panel fit. Surprise Package box in rear seat. Riley Hogan, Jr. Collection. Solid, but this is a car that fully deserves the description 'needs everything.' No clue what was in the big cardboard box that filled the back seat, at best it could be a new steering wheel, or some chrome trim items.

1956 Mercury Monterey

Lot # 34 1956 Mercury Monterey 2-Dr. Hardtop Custom; S/N 56ME64610M; White, Lilac; Incomplete restoration, 4+ condition; Hammered Sold at $12,000 plus commission of 10.00%; Final Price $13,200 – Cant read odometer's first digit. Incomplete custom with cruiser skirts, Packard taillights, continental kit, spinner wheelcovers, whitewalls. Interior done but not-installed. Flawed repaint, pitted window trim. Riley Hogan, Jr. Collection. The new interior was wrapped in plastic and stacked where the rear seat goes. To get it onto the block the driver sat on a milk crate. Like several other Hogan Collection cars it had some minor custom touches, the sort of bits we ordered from J.C. Whitney fifty years ago, but that's not a knock, just an observation on the character of many of the Hogan cars. It will be a fun cruiser when it's done, especially if it gets some performance bits under the hood to complement the exterior look.

1959 Edsel Corsair

Lot # 36 1959 Edsel Corsair 2-Dr. Hardtop; S/N B9UW725106; White, Red roof/Grey vinyl, cloth; Visually maintained, largely original, 3 condition; Hammered Sold at $10,500 plus commission of 10.00%; Final Price $11,550 – Automatic, P/S, pushbutton radio, phony lakes pipes, skirts. Quick old repaint, sound but flawed. Sound interior and major chrome. Some bad trim chrome. All there and sound, plenty good enough to shine and drive. Riley Hogan, Jr. Collection. Aside from the flawed repaint and a few trim bits' chrome this is an enjoyable and presentable car that is a sound value at this price.

1949 Willys Jeepster Phaeton

Lot # 49.1 1949 Willys Jeepster Phaeton; S/N 82798; Maroon, Beige accent/Maroon, Beige leatherette; Cosmetic restoration, 3+ condition; Hammered Sold at $32,000 plus commission of 10.00%; Final Price $35,200 – 4-cylinder, overdrive 3-speed, radio, hubcaps, trim rings, wide whitewalls, grille guard. Good paint and upholstery, fair chrome. Chassis and underbody given less attention but will be OK for a weekend driver. This is thoroughly restored Jeepster money for a cosmetically restored Jeepster. It looked good under the lights, though, and that brought the seller a fantastic price. It would not have been a great value at $22,000.

1972 Chevrolet Chevelle Malibu Convertible

Lot # 49.2 1972 Chevrolet Chevelle Malibu Convertible; S/N 1D67H2K583446; Pacer Gold, White stripes/White vinyl; White vinyl top; Visually maintained, largely original, 3- condition; Hammered Sold at $18,000 plus commission of 10.00%; Final Price $19,800 – 350/165hp, 2-bbl., Turboglide, P/S, no P/B, 5-spoke aftermarket 18" front, 20" rear wheels, CD stereo. Fresh fisheye repaint, new upholstery but incompletely cleaned old interior trim. Engine freshened with poorly masked black paint. Engine is dirty and aged. Stick on SS lettering. Scruffy and calculated to deceive. Body looks solid, with even gaps. Sold by B-J in Orange County in 2011 for $23,100. This is a healthy price for a decidedly mediocre Malibu with a boring engine. The buyers must have been taken by the attractive and unusual paint color because other than that it was a frog that needs more than a kiss to turn it into a prince.

1963 Pontiac Catalina Convertible

Lot # 50.1 1963 Pontiac Catalina Convertible; S/N 363P87192; Engine # 196301 15H; Turquoise Metallic/Turquoise vinyl; Visually maintained, largely original, 3- condition; Hammered Sold at $20,500 plus commission of 10.00%; Final Price $22,550 – 389/267hp, 2-bbl., automatic, P/S, P/B, alternator, spinner wheelcovers, narrow whitewalls, pushbutton radio. Filled sills, blister in passenger's door bottom, poor repair in left front fender leg, scuffed chrome, fair interior, old seatbelts. Chassis and engine compartment freshly squirted with black over whatever was there. An auction car. Reported sold for $13,780 at Mecum's Indianapolis sale last May, which was a much more appropriate price for the condition of this Catalina.

1979 Pontiac Firebird Trans Am 10th Anniversary Coupe

Lot # 50.2 1979 Pontiac Firebird Trans Am 10th Anniversary Coupe; S/N 2X87K9L160946; Silver/Silver; Visually maintained, largely original, 2- condition; Hammered Sold at $20,500 plus commission of 10.00%; Final Price $22,550 – Automatic, A/C, P/S, P/B, cruise control, shaker hood, silvered glass tee tops, 8-track, alloy wheels, Eagle GT II tires and way more. So comprehensively optioned it needed two window stickers, which are included with it. 24,112 miles and in very good condition with a repaint but nothing more. The originality and low miles of this Firebird are encouraging, let alone the exhaustive complement of options. Its price isn't going anywhere, though, recording results of $28,050 here in 2007 and $25,850 at B-J Scottsdale in 2008. Buyers' determination of its value is remarkably consistent.

1953 Chevrolet 3100 Pickup

Lot # 53.2 1953 Chevrolet 3100 Pickup; S/N H53J030343; Seacrest Green/Brown leatherette; Truck restoration, 3+ condition; Hammered Sold at $25,000 plus commission of 10.00%; Final Price $27,500 – 3-speed, hubcaps, trim rings, whitewalls, varnished oak bed floor and sideboards, pushbutton radio, 5- window cab, dual taillights, turn signals. Superficially done where it's hard to see. Shiny but not impressively applied paint and good chrome. Good interior. Underbody and chassis erratically done over limited prep. A usable but not exceptional truck that makes a good first impression but doesn't follow through. Pickups were popular in Palm Beach, not only in their proportion of consignments but also in the bidders' willingness to assign them good prices. This is all the money for this truck's superficial restoration and its equipment.

1928 Dodge Brothers Pickup

Lot # 54 1928 Dodge Brothers Pickup; S/N A1000624; Black/Olive cloth; Older restoration, 3+ condition; Hammered Sold at $13,000 plus commission of 10.00%; Final Price $14,300 – Light Green disc wheels, blackwall tires, bed mounted spare, varnished pine bed floor, running boards and cab wall, rollup windows, top hinged windshield, chrome front bumper and headlights, Motometer. Good paint, chrome and interior. Three owners from new and nicely restored a few years ago. Well maintained since. Sold last year at B-J Scottsdale for $36,300. Ouch. It's a lot of old truck for the money it brought here today, more rare than a comparable Ford, or even Chevy, and a real find for a Mopar collector, or anyone with a Jones for old trucks for that matter. It is a very good value at this price.

1970 Ford Mustang Convertible

Lot # 54.1 1970 Ford Mustang Convertible; S/N 0F03F181541; Medium Bright Blue Metallic/White vinyl; White vinyl top; Older restoration, 2- condition; Hammered Sold at $23,000 plus commission of 10.00%; Final Price $25,300 – 302/210hp, 4-speed, Hurst shifter, P/S, P/B, cassette stereo, Magnum wheels, Radial T/A tires, rim blow steering wheel. Restored like new with 5,000 miles since. Very good paint, chrome and interior. Engine shows age and use but is clean and orderly. A surprisingly good car considering the miles it has accumulated since it was restored. It is unusual to find Mustangs with the base V-8 and a 4-speed. They're nearly as much fun to drive as a 390, though, and get better mileage. This is a sound price for a sound and very presentable Mustang convertible.

1969 Chevrolet Camaro RS-SS 396

Lot # 55.1 1969 Chevrolet Camaro RS/SS 396 2-Dr. Hardtop; S/N 124379N522451; Dover White/Blue vinyl; Older restoration, 2- condition; Hammered Sold at $35,000 plus commission of 10.00%; Final Price $38,500 – 396/325hp, automatic, P/S, P/B, A/C, pushbutton radio, Rally II wheels with trim rings, Radial T/A tires, P/W, tilt steering column, RS/SS, fiber optic light monitor. Quality older restoration to better than new condition. Shows a little age and use consistent with the 3,306 miles on the odometer. This price is right on the money for this Camaro's very attractive condition and the unusually long list of options it boasts.

1967 Chevrolet Camaro Convertible

Lot # 55.2 1967 Chevrolet Camaro Convertible; S/N 124677N106050; Engine # T0223MY; Red, Black nose band/Black vinyl; Black vinyl top; Modified restoration, 2- condition; Hammered Sold at $30,000 plus commission of 10.00%; Final Price $33,000 – 396/325hp added during restoration. Hydramatic, P/S, P/B, A/C, Rally wheels, narrow whitewalls, console gauges, pushbutton radio. A good older restoration with some miles, a few small paint chips and some chassis dirt. While the replacement engine deeply affects its collector value it adds significantly to its driving appeal, a tradeoff that's appropriately reflected in this fairly modest price. It was sold at Russo and Steele in Monterey in 2006 for $40,700, which was healthy even in those heady days.

1956 Dodge Golden Royal Lancer

Lot # 56 1956 Dodge Golden Royal Lancer 2-Dr. Hardtop; S/N 35140382; White, Gold/White vinyl, Black cloth; Visually maintained, largely original, 3+ condition; Hammered Sold at $23,000 plus commission of 10.00%; Final Price $25,300 – 315 V-8, pushbutton automatic, P/S, P/B, pushbutton radio, wheel covers, whitewalls. A clean, orderly 38,279 mile original car with a good older repaint. Good major chrome but badly pitted taillight housings. Clean and orderly throughout, with surprising original upholstery with clear seat covers. Remember those clear plastic seat covers our fathers (or grandfathers) insisted go on new cars in the Fifties to preserve the upholstery? Remember how they were hot and sticky in the summer and cold and slippery in winter? Well, this is why we endured them: so collectors sixty years later could buy cars like this with original upholstery. This is unusually good money for a Dodge, but this is an unusually good and original Dodge with top of the line trim.

1957 Ford Thunderbird Convertible

Lot # 61 1957 Ford Thunderbird Convertible; S/N D7FH174719; Copper/Copper vinyl; Cosmetic restoration, 3+ condition; Hammered Sold at $30,000 plus commission of 10.00%; Final Price $33,000 – 312/245hp, automatic, P/S, P/B, cassette, stereo, wheel covers, whitewall, skirts, porthole hardtop only. Decent older paint, chrome and interior. Engine is superficially redone with some chrome bits added. Chassis has been cleaned up but not done. A usable driver. Sold in Orange County in 2010 for $38,500, a market price at the time. This is still a market price for a mediocre '57 T-bird today.

1967 Chevrolet Camaro Convertible

Lot # 62 1967 Chevrolet Camaro Convertible; S/N 123677N197762; Marina Blue/Blue vinyl; White vinyl top; Visually maintained, largely original, 3 condition; Hammered Sold at $25,000 plus commission of 10.00%; Final Price $27,500 – 327, 4-speed, P/S, no P/B, Rally wheels, Radial G/T tires, pushbutton radio, add-on under dash gauges. Good repaint, chrome and interior. Engine is orderly but the chassis and underbody are not restored, just squirted with paint over old undercoat. Chassis is grimy. Offered at Mecum's Kansas City sale in December where I liked it better than I did today. It is a usable and enjoyable early Camaro convertible with a 4-speed, something that will always be attractive, especially in this color combination.

1964 Chevrolet Biscayne

Lot # 64 1964 Chevrolet Biscayne 2-Dr. Sedan; S/N 41111J305124; Engine # T0925XXO; Burgundy/Red vinyl, cloth; Original, modified for competition or performance, 3+ condition; Hammered Sold at $30,000 plus commission of 10.00%; Final Price $33,000 – Originally a six but now with a 409/340 hp V-8 under the hood with a 4-speed behind it. Steel wheels, hubcaps, bench seat, no radio but it does have a heater. Edelbrock 4-barrel. Nose is stone-chipped. Chrome, interior and original hood are good. Entirely presentable and at least as good as it needs to be. 37,041 miles from new and mostly original. "Mostly original" that is, except where it counts, under the hood. On the other hand, if it still had the six it'd be a low teens car, so the engine swap paid off. The new owner better hope the swap wasn't confined just to the engine and tranny but also included springs and shocks or it's going to be awful on the street. At this price, though, that is easily and economically remedied. No doubt it is going to be fun on Cruise Night.

1979 Alfa Romeo 2000 Veloce Spider

Lot # 317 1979 Alfa Romeo 2000 Veloce Spider; S/N 115410006888; Red/Beige cloth; Beige cloth top; Visually maintained, largely original, 3+ condition; Hammered Sold at $9,500 plus commission of 10.00%; Final Price $10,450 – Pioneer cassette stereo, polished alloy wheels, blackwall tires, manual windows, no A/C. Good repaint, repainted underbody, good interior and bright trim. Clean and orderly underhood. 82,327 miles from new, and looks even better. A tidy and well maintained mostly original Spider. This Spider is at least as much car as the money it brought. Its preservation and presentation are impressive, indicative of a history of caring, enthusiastic ownership. It is a sound acquisition at this price.

Barrett-Jackson Palm Beach 2012 – Auction Report Continued

Comments

  1. Todd Marcus says

    It’s interesting. I don’t think there is one car that you analyzed that I actually want, but I still fully enjoyed reading your analysis and learning about them all. Many thanks – look forward to more.

  2. mike kirshin says

    It’s interesting to get an insiders opinion about values of collector cars, especially since most automotive publications stay away this topic .

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