Tuesday, January 23, 2007

Barrett-Jackson Auction

Just look at the site! You needed a golf cart to get around! One of the interviews I was watching talked about the auction producers ordering carpet by the acres. I was watching television and knitting most of last week. Thoroughly enjoying both!

On Saturday night Peter and I were sitting there watching the Auction absolutely blown away by the prices, $100,000.00 .... $500,000.00 and so on it was almost like seeing Monopoly money! Then Peter tells me that one of our old car dealer friends is going to be there to watch for him in the background.

I say it's only high rollers that get to be on the "block" and to even sit in the audience you have to prove that you have at least $30,000 in you checking account and pay $200 for admission.

Peter: Look a friend of mine is bidding on that car!

Me: $800,000? LOOK $900,000!

Peter: That is a very rare car!

Me: OMG He wins $1,000,000.00


Wow that is something, wait there is another one:

Yes folks he bought that one also $1,000,000.00 he got the pair!


The Dodge Firearrows were a grouping of four one-off concept/dream cars designed by Chrysler's legendary design chief Virgil Exner and built by Ghia of Turin, Italy. The series consisted of a full scale mockup (Firearrow I), THIS CAR Fire II a running, driving fully roadable car based on that mockup. Firearrow III a sport coupe, a further evolution of the earlier Firearrows and finally Firearrow IV, a fully roadable convertible with folding top, windows and fully designed and engineered to be translated into series production. Unfortunately, Chrysler made the decision to not proceed into production and these cars are but a great moment in automotive history. These cars are the only survivors of the wonderful early series of Chrysler concept cars that were designed as serious, elegant Italian styled sports cars which could very easily have found a market niche to compete with the Corvette, Thunderbird and several European marques. They not only are wonderful looking cars, but are powered by the legendary Hemi engine and a pleasure to drive.
About the Barrett-Jackson Auction History
What began as a simple meeting between two car buffs in 1960 has emerged over some 40 years into one of the world's most prestigious and anticipated collector car auctions and expositions.

It began in Scottsdale, Arizona a Wild-West town that had yet to spread its wings and create its own identity. The two participants were Russ Jackson and Tom Barrett, drawn together by a car advertised for sale. It seems Mr. Barrett was selling his 1933 Cadillac V-16 Town Car, and it appears Mr. Jackson was interested....

....It was in 1967 that Barrett and Jackson presented a car show they called, with the appropriate flair, "Fiesta del los Auto Elegance." ......

In 1971, the two combined their talents to present the first classic car auction, featuring classics from their individual collections. Barrett's Mercedes 770 Phaeton chiseled industry headlines, selling for $153,000 and grabbing the attention of collectors worldwide. The sale and the inaugural event thrust the Barrett-Jackson name into international prominence. ....

.......The 1999 affair featured some $22 million in sales, nearly 800 cars, a +77% sales ratio and 125,000 attendees. In 2004 we had nearly 800 cars with a staggering 98.5% sales ratio earning $38.5 million in sales and 185,000 attendees.

This year there must have been a record set look at this one:

Five Million Dollars!


That's a lot of zero's



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