Barret-Jackson Auction on SPEED

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UnoMOTO

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Did any other of you gear heads spend hours watching the auction last week. I can't believe the price of classic cars these days. It made me think of which cars would you buy today and let sit in your garage for the next 40 years to make a huge bundle. One car I saw was a 70 Hemi Cuda with 74 miles on it. Thats right...just 74! Could you just have a car like that and not drive it?

This Hummer sold for One MILLLLLION dollars! I don't know if any other cars sold for more then this one. If you like...post pics here or just chat about what you saw and how much it sold for.

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I love the Barret-Jackson auctions. It is amazing to see all these completely origional cars. I watched about an hour of it on saturday and sunday each. I would have watched it alot more but I was (and still am) studing for midterms. :crazy:
 
03R1
This Hummer sold for One MILLLLLION dollars! I don't know if any other cars sold for more then this one. If you like...post pics here or just chat about what you saw and how much it sold for.
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There was a Shelby Cobra "Supersnake", one of two ever built, owned and driven by Carroll Shelby himself. The other was destroyed in an accident, making this the only one in the world. It set a new record for an American car, I think, at $5 million.

My personal favorite was the Russian cosmonaut rescue boat, there is a good bit of space race history in that. Designed by Tupelov, used to rescue cosmonauts if they landed in swampy areas of Siberia. Not sure if it ever rescued anyone, but it would make a nice museum piece just on its connection to the Soviet space program
 
^ I think the "Supersnake" (800 BHP supercharged 427) sold for $5.5M, which is absolutely outrageous. The other one that was destroyed in an accident was owned by Bill Cosby, which inspired his record 200 MPH.

...Wasn't the previous record held by one of the '69 Corvette ZL-1 twins? I can't remember...
 
YSSMAN
^ I think the "Supersnake" (800 BHP supercharged 427) sold for $5.5M, which is absolutely outrageous. The other one that was destroyed in an accident was owned by Bill Cosby, which inspired his record 200 MPH.
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The Super Snake sold for 5 million even.
031R
This Hummer sold for One MILLLLLION dollars! I don't know if any other cars sold for more then this one. If you like...post pics here or just chat about what you saw and how much it sold for.
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Most of that was because the proceeds went to charity.
 
What record are you guys speaking of? A Barret-Jackson record? I'm pretty sure it'll be a while until an American car owns the outright record for an auction price.
 
Oh, I get it now.
The extra half-million and the extra .32 million for the Super Snake and the Futureliner were due to auction concessions. They sold for 5 and 4 million even, respectively, but were more than that with the auction house's cut added on.
 
YSSMAN
^ I think the "Supersnake" (800 BHP supercharged 427) sold for $5.5M, which is absolutely outrageous. The other one that was destroyed in an accident was owned by Bill Cosby, which inspired his record 200 MPH.

...Wasn't the previous record held by one of the '69 Corvette ZL-1 twins? I can't remember...
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Yes, and Bill Cosby resold it to Shelby who gave it to S and C Motors of San Francisco. They sold to a Tony M. who ended up driving it into the Pacific.
 
Keef
What record are you guys speaking of? A Barret-Jackson record? I'm pretty sure it'll be a while until an American car owns the outright record for an auction price.
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The record in question is for the most paid for an American car at Auction.


turboash78
The previous record was $4 million for a GM Futureliner... at last year's auction I think.
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I'm fairly certain the previous record for an American automobile sold at auction was for a 1935 Duesenberg SJ Speedster, which sold for $4.5 million over two years ago at Gooding's Pebble Beach auction.

There are a few Duesenbergs in collections that if they were to ever show up at auction would likely break the $7 million mark.


The current record for the most paid for a car at auction is of course the glorious 1931 Bugatti Type 41 ("Royale"), which sold for $8.7 million at Christie's in London back in 1983. Accounting for inflation, that would be like paying close to $20 million today. If/when one of the six existing Royales hits the auction blocks again, I'm sure it will sell for over $15 million, especially in today's hot global collector's market.

A 1938 Alfa Romeo 8C 2900B Touring Mille Miglia Roadster has never made it to auction, but have sold for close to $10 million privately. There is no telling what one might go for in today's heated auction market.

For post 1950 cars, the Ferrari 250 GTO, 330 Testa Rosa, and 330 P cars are still king of the auction block with a '62 TRI selling for $6.5 at RM's auction in Monterey over four years ago. Today, they could probably go for close to $10 million.
 
Digital-Nitrate
I'm fairly certain the previous record for an American automobile sold at auction was for a 1935 Duesenberg SJ Speedster, which sold for $4.5 million over two years ago at Gooding's Pebble Beach auction.
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I believe he was referring to the Barret-Jackson record.
 
No, the American-car record sounds reasonable. The record for the highest Barret-Jackson selling price is irrelevant to any other auction, but the highest per car is universal. I was just curious, because I was sure the Super Snake couldn't have broken the world record selling price.
 
I'm pretty sure that it's 5.5M:
http://www.barrett-jackson.com/apps...mberperpage=300&orderby=2&showfinalprice=true

Lot 1301, 1966 SHELBY COBRA 427 "SUPER SNAKE" $5500000.00

None of those prices include any commissions, fees, or taxes. What is listed is the hammer price. Unless something happened amongst the bidders like with last year's Futureliner sale (where it was dropped from ~4.1M to 4.0M), that should be the right number.


I'm actually ticked that I didn't get to see any of this. I saw part of day 1 (Tuesday), but some jackhole decided that Friday was a good day to work on the cable feed on the pole down the street. No TV in my place all weekend. :grumpy: At least I got to watch the playoffs somewhere else.

As cool as the Barrett-Jackson auction is as a car show, I think that the prices are massively inflated, simply because the show is on TV and people get caught up in seeing who can spend more than anyone else. A lot of the talk is about how high they can set the sales record. That's great news for Craig Barrett, who probably made a few million this week alone. I really don't think that these prices are realistic, nor will they remain this high after the "thrill" of watching auctions on TV wears off. My basis for this is the prices in other auctions (Hemmings Muscle) and individual sales (Robb Report), most of which seem to be lower than at the Scottsdale auction. I could be wrong, though, not having actually compared the two, but it's just a sense I get from my poor memory of the events.
 
harrytuttle
I'm pretty sure that it's 5.5M:
1966 SHELBY COBRA 427 "SUPER SNAKE" $5500000.00

None of those prices include any commissions, fees, or taxes. What is listed is the hammer price.
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Nope, the prices listed on their website are the prices that buyers paid to the owner plus the commission to Barrett-Jackson. The hammer price was $5 million, the consignment fee was 10% of that. Either way it was a record for Barrett-Jackson.
 

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