Barrett Jackson is one of the top collector car gatherings held each year. Now in its 43rd year, the 2014 auction set records for the sale of high-dollar sales of blue chip vehicles. This year, 1,399 cars sold and gross sales were $113 million. The five-day event is held at WestWorld located north of Phoenix in the city of Scottsdale.
WestWorld is a premier equestrian center as well as the site for the annual Barrett Jackson auction. Craig Jackson, Chairman and CEO of Barrett-Jackson relayed; “We sold some great cars for charity, attendance exceeded 300,000 and the celebrity turnout was great. Scottsdale 2014 witnessed an increase in the value of Americana cars as well as the general strengthening of the value of the cars we sold.” Corvettes represented 9-percent of the cars sold or 124 cars. The lowest selling Corvette was lot #15, a Dark Red Metallic 1987 C4, and it sold for $6,325 on Tuesday. The highest selling price for a Corvette was lot #5035 that sold for $3,850,000. Lot #5035 was a Rally Red/Red interior L88 coupe with 11,800 miles on its clock. It's the only 1967 L88 delivered with this color combination. It was ordered by a GM executive and spent its early days on the drag strip. It was restored to it current condition by Naber Brothers in Houston Texas. This was the highest sales price for a Corvette at Scottsdale. It was also the highest selling price for any car sold at this year's event. These prices include all of the buyer and seller fees.
Not too far behind this amazing L88 was lot #5022 a 1969 L88 Corvette race car known as the “Rebel.” It sold for $2,860,000, which set a record for L88 race cars. The bright red racer was one of four “open chamber” L88s produced in January 1969. It was campaigned by a private racing team and amassed an amazing racing record. Corvette Repair in Valley Stream New York found this Corvette in a junkyard in 1991 and did a complete restoration. Since then the car went through two owners and went back to Corvette Repair to be freshened before the Scottsdale Auction.
Here is the breakdown of the Corvettes that sold at Scottsdale.
- Twenty-seven C1s sold and the lowest was lot #959, a Regal Turquoise 283/245hp 1958 four-speed that brought $50,000. The highest was lot #5035 a 9,260 mile 1953 Corvette from the Miller family collection that sold for $660,000.
- Fifty-three C2s sold and the lowest was lot #530, a 1966 327/300hp four-speed coupe that sold for $41,800. However, one C2 did sell for a lower price ($24,200), but it did not look like a Corvette. The highest price went to lot #5035 which we mentioned above and sold for $3,850,000.
- Twenty-nine C3s sold and two tied for the lowest price. Lot #337 was a two-tone beige/dark red 1981 four-speed that sold for $14,300, and lot #409 a white 1974 coupe that also sold for $14,300. The highest was lot #5022 the 1969 Rebel race car that sold for $2,860,000.
- Nine C4s sold and the lowest was lot #15, a 1987 that brought $6,325. The highest was lot #948, a 5,000-mile 1996 Grand Sport six-speed that sold for $39,600.
- Three C5s sold and all were re-bodied to look like classic Corvettes. The lowest was lot #1158, a 2001 convertible with 1967 styling. It sold for $58,300. The highest was lot #933.1, a re-bodied 2004 convertible with 1962 styling that sold for $95,700.
- Three C6s sold and the lowest was a tie for lot #1101.1, a 2008 pace car for $55,000 and lot #1657, a low-mileage 2006 Z06 owned by Kyle Bush that sold for $55,000.
- Nine Resto Mod Corvettes changed owners they retain their stock bodies but are fitted with new frames, suspensions, and drivetrains. Two shared the lowest bids of $110,000. Lot #1089 was a 1960 black convertible and the second was lot #1277, a silver 1965 convertible. The highest price went to lot #1345, a Hendrick built 1967 black convertible that sold for $224,000.
These Corvettes all sold inside a new permanent 1-million square foot auction facility. The building connects to a series of large tents that span almost one mile under cover. A wide variety of Automobilia was displayed inside these tents. This included artist painting, tailors fitting men and women's suits, performance products, airplanes, furniture, and hundreds of cars waiting to be inspected by potential buyers. The event was filled with food courts and even an antique Merry-Go-Around that was a no sale. A special area was set aside for Salon cars, roped off to protect these high-dollar cars. In addition, all of the major manufacturers and tuners were present and had impressive displays. The event spilled outside and covered a large parking lot with vendors and auction staging areas.
Steve Davis, President of Barrett-Jackson, said, “I am proud to say that once again the Barrett-Jackson team came through for charity including a total of 1 million dollars benefiting the Armed Forces Foundation, a cause very close to my heart.” The opening night gala raised $160,000 in proceeds benefiting the Carol M. Baldwin Breast Cancer Research Fund. Barrett-Jackson continues to work with the auto industry and motorsports to raise money for local and national charities. Fourteen unique cars were offered for charity and raised more than $4.4 million. It was a good week for Corvette with two of our favorite sports cars capturing the event's highest selling prices. For the Corvette enthusiast, Barrett Jackson is a must visit destination.