The Barrett-Jackson Auction Company exceeded expectations by recording more than $63 million in sales during the 38th annual Scottsdale auction.
From January 11-18, 2009, the all No Reserve auction featured over 1,100 collector vehicles, including a 1929 Ford 4-AT-E Tri-Motor airplane that sold for $1.21 million and the “first production” 1955 Ford Thunderbird that fetched $660,000. For the third consecutive year, more than 200,000 people attended the Scottsdale auction.
“The car collector community enjoyed another stellar Scottsdale event at Barrett-Jackson,” said Craig Jackson, Chairman/CEO of Barrett-Jackson. “It was truly a celebration of our hobby and its resiliency. Sales were solid from start to finish and exceeded expectations.”
The rare Tri-Motor aircraft, one of only a handful known to be in existence today and extensively restored by aviation expert, Bob Woods, has led a storybook existence, including being shot during the World War II attack at Pearl Harbor. The Thunderbird that was sold is also overflowing with provenance, as it is documented by Ford Motor Company as No. 1 and represents the birth of Ford’s sports car program.
In addition to the top sellers, Barrett-Jackson offered a healthy collection of entry level to mid range cars. With nearly 70 percent of all purchases made by new buyers, these vehicles served as the nucleus of the 2009 event. The diverse docket also catered to buyers planning to spend conservatively in today’s economy.
Barrett-Jackson joined forces with General Motors to offer a select group of vehicles from the GM Heritage Fleet, which was embraced by the company’s clientele. “The General Motors Offering represented an opportunity for collectors to own a piece of GM history,” noted Steve Davis, president of Barrett-Jackson. “An example was the show-stopping ‘Blackhawk’ concept that went for more than $500,000. Many of the vehicles from the GM Offering exceeded our original estimates, validating this once-in-a-lifetime opportunity.”
Additionally, Barrett-Jackson helped raise more than $4.4 million for various charitable organizations during the 2009 Scottsdale auction with the help of Richard Petty, Rusty Wallace, Goose Gossage, Bill Goldberg, Reggie Jackson and Robert Yates, among others.
Barrett-Jackson sold 1,077 of 1,077 cars and the airplane for a $60,895,890 total. The average price per car sold was $56,542. In 2008, Barrett-Jackson sold 1,135 of 1,135 cars for an $84,475,985 total, with an average price per car sold of $74,428.
Top 10 Sold at Barrett-Jackson Scottsdale:
1929 Ford 4-AT-E Tri-Motor airplane – $1.21 million (Lot #1307)
1955 Ford Thunderbird convertible “Production No. 1” – $660,000 (Lot #1295)
1996 Buick Custom “Blackhawk” – $522,500 (Lot #1303)
1970 Plymouth Superbird custom tribute – $501,100 (Lot #1289)
2006 Chevrolet Monte Carlo NASCAR “Jeff Gordon’s” – $500,000 (Lot #1274)
2005 Saleen S7 Twin-Turbo 2-door coupe – $412,500 (Lot #1305)
2009 Ford Mustang FR500CJ Cobra Jet prototype – $375,000 (Lot #1333.1)
2010 Chevrolet Camaro “First Retail Production” – $350,000 (Lot #1316)
1969 Chevrolet Camaro ZL-1 COPO coupe – $319,000 (Lot #1277.1)
1969 Chevrolet Camaro Yenko COPO coupe – $297,000 (Lot #1278)