Barrett-Jackson Auction Company, LLC
3020 N Scottsdale Rd
Scottsdale, AZ 85251
Phone - 480.421.6694
Facsimile - 480.421.6697
Email - information@barrett-jackson.com
Website: www.Barrett-Jackson.com
Press Release from Barrett-Jackson January 31, 2005:
BARRETT-JACKSON SHATTERS PREVIOUS RECORDS DURING 2005 AUCTION
General Motors Concept Car and Customized Street Rods Electrify Crowds As Sales Soar to $61,687,526
SCOTTSDALE, Ariz. - January 31, 2005 – Barrett-Jackson Auction Company announces the most successful car auction to date with record-breaking sales in numerous categories, including an all-time winning bid of $3,240,000 including bidder?s fees for a 1954 Oldsmobile F-88 General Motors concept car, during the five-day 34th Annual Barrett-Jackson Classic Car Auction, presented by Dodge-Chrysler-Jeep. The Auction was held from Wednesday, Jan. 26 – Sunday, Jan. 30 at WestWorld in Scottsdale.
The Barrett-Jackson Auction Company reaffirmed the interest in collecting cars with another record-setting year, which garnered an estimated $61,687,526 in sales compared to the $38,520,722 record set at the 2004 auction. A total of 878 cars crossed the auction block during the five-day event; all were all sold at No Reserve.
The 4,286 bidders representing all 50 states and 14 countries registered for a chance to take home a vehicle. These bidders provided $858,711,000 in certified bank letters of guarantee; when accounting for the VIP bidders, the participants had well over $1,000,000,000 in buying power available at the auction.
Despite a few rain showers, attendance at the 2005 event was equally record-setting with an estimated 200,000 people attending, up over the 2004 attendance of approximately 185,000. In addition, SPEED Channel Television Network broadcast an extended 24 hours of live auction coverage.
Other cars headlining the auction include a world-class one-off Street Rod by Boyd Coddington named the "Whatthehaye", selling for $540,000 including bidder?s fees. Minutes later, a 1936 Chrysler Airflow Custom 2-door Coupe sold for $550,800 including bidder?s fees. In addition, an unrivaled selection of Hemi-powered automobiles, street rods, muscle cars, classic and pedigree European sports cars were sold on the auction block at the 34th annual edition of what is internationally established as the ?The World?s Greatest Classic Car Auction.?
"The success of this year?s auction sets an on-going trend clearly demonstrating that the Barrett-Jackson Classic Car Auction is the premier event to buy and sell the finest quality cars in the world," said Craig Jackson, president of the Barrett-Jackson Auto Auction. "We set more world records this year than at any other auction in history."
