Barrett-Jackson Scottsdale auction reports strong results

Barret Jackson

 

The successful results reported by Barrett-Jackson, The World’s Greatest Collector Car Auctions®, demonstrates the company’s dominance in the industry and the current state of the collector car hobby.

With 1,469 cars selling for over $102 million (unaudited) at a 99-percent sell-through rate and many records set, 2016 Scottsdale Auction was the highest grossing auction during Scottsdale car week and one of the company’s most successful auctions in its 45-year history.

“Barrett-Jackson Scottsdale was a spectacular success,” said Craig Jackson, chairman and CEO of Barrett-Jackson.

“Our sell-through for such a large number of collector cars was truly prolific. Some might be tempted to compare our 2015 auction, which included the enormous Pratte Collection, but when the Pratte Collection sales are factored out, our 2016 results proved stronger than what we did in 2015.”

In 2015, rather than holding a stand-alone auction for a private collection like many auction houses have done, Barrett-Jackson did the unimaginable and added an extra day to include the 141 Pratte Collection vehicles as a part of the flagship event. Excluding the Pratte Collection results in 2015, Barrett-Jackson saw a more than a 6-percent growth in sales in Scottsdale this year with two fewer cars sold.

Barrett-Jackson’s 45th Anniversary Scottsdale Auction set numerous published auction records for specific automobiles:

“I’m proud to have kicked off our 45th Anniversary year with such a successful event,” added Mr. Jackson. “This growth demonstrates Barrett-Jackson’s ability to continually set the bar and serve as the barometer of car collecting. I look forward to the rest of the 2016 auction season, especially as we add the inaugural Northeast Auction to our portfolio.”

For full results of Barrett-Jackson’s 45th Anniversary Scottsdale Auction, follow the link to www.barrett-jackson.com.

Barrett-Jackson’s next auction is scheduled for Palm Beach, Fla., from April 8 – 10, at the South Florida Fairgrounds.

The Scottsdale Independent is published monthly and mailed to 75,000 homes and businesses in Scottsdale.

You are encouraged to leave relevant comments but engaging in personal attacks, threats, online bullying or commercial spam will not be allowed. All comments should remain within the bounds of fair play and civility. You can disagree with others courteously, without being disagreeable. Feel free to express yourself but keep an open mind toward finding value in what others say. To report abuse or spam, click the arrow in the upper right corner of the comment box.

Facebook Comment