Barrett-Jackson Palm Beach 2016 – Auction Report

Barrett-Jackson, Palm Beach, Florida, April 8-10, 2016

Barrett-Jackson’s East Coast bridgehead pulled in nearly record results, surpassed only by the sale totals in 2006 and 2007 when Palm Beach was as yet undiluted by a growing number of Barrett-Jackson spinoff events and the economy was riding high before the onset of the Great Recession.

At its inception Barrett-Jackson Palm Beach showed the strength of the Florida market. That market is now abundantly exploited by other auctions but Barrett-Jackson’s continuing success here – and its steadily increasing sale totals since the low point of 2011 – demonstrate the appeal of the Barrett-Jackson ‘event’ formula.

Palm Beach is literally thronged by spectators. Whether they’re attracted by the cars, by the host of vendors and exhibitors or simply drawn by Barrett-Jackson’s aura and outsized television presence makes little difference to the spectacle. It is a sea of humanity activated by the packed auction arena, a steady stream of celebrities, both automotive and human, and a carefully curated sequence of auction vehicles.

While the makeup of the Palm Beach docket, as reflected in the Median Sale data below, is weighted toward affordable, accessible cars in medium 5-figures the overall sale total and resulting Average Sale is giving greater emphasis to higher value consignments. The Median is up 6.7% from 2015 while the Average is up 30.6%. Sixty-four lots hammered sold on bids of $100,000 or more. That is exactly double the thirty-two $100,000 or more lots in 2015.

The diversity of Barrett-Jackson’s Palm Beach auction docket is not accurately reflected in the cars that follow in this report. As at other Barrett-Jackson sales a large number are street rods, Resto-Mods (a category formalized by B-J years ago) and customs. By their nature such vehicles are individual and tell us little about the market since each is comparable only with itself. As a result we look past them to find examples that are presented in largely stock configuration, a bias that obscures some of the appeal of Barrett-Jackson Palm Beach.

Here are the overall numbers:

B-J Palm Beach
Cars Offered / Sold
Sale %
Avg. Sale
Median Sale
Total Sales
2016
480 / 480
100%
$57,907
$35,200 [60.8%]
$27,795,240
2015
519 / 519
100%
$44,356
$33,000 [74.4%]
$23,020,870
2014
513 / 511
99.6%
$47,987
$38,500 [80.2%]
$24,521,290
2013
431 / 424
98.4%
$48,583
$36,300 [74.7%]
$20,599,268
2012
435 / 433
99.5%
$41,001
$31,900 [77.8%]
$17,753,245
2011
429 / 375
87.4%
$39,400
$29,700 [75.4%]
$14,774,875
2010
464 / 464
100%
$47,671
$37,510 [78.7%]
$22,119,259

Andrew Newton contributed the on-site observations and photography at Barrett-Jackson Palm Beach this year; the final content and comments are the responsibility of the editor.

Barrett-Jackson Palm Beach 2016 – Auction Report

1974 MG B Mk III Roadster
Lot # 27 1974 MG B Mk III Roadster; S/N GHN5UE353828G; Red/Brown vinyl; Black vinyl top; Recent restoration, 2 condition; Hammered Sold at $9,500 plus commission of 10.00%; Final Price $10,450. No Reserve. – Goodyear Viva tires, modern Sony CD stereo. – Late chrome bumper car. Fully restored five years ago. Originally brown. Luggage rack included but not fitted. Very good paint, chrome and interior. Fully done over to almost like new condition and used sparingly since. – A spot on result for a lightly used restored chrome bumper B roadster, proving it’s not necessary to spend a lot to experience and enjoy a classic sports car.
1968 MG B GT Coupe
Lot # 28 1968 MG B GT Coupe; S/N GHD4U142416G; Green/Black vinyl piped in White; Visually maintained, largely original, 3 condition; Hammered Sold at $14,000 plus commission of 10.00%; Final Price $15,400. No Reserve. – Wire wheels, Michelin narrow whitewalls, Moto-Lita woodrim steering wheel, pushbutton radio. – Tired old chrome. Good paint. A few small dents right below the windshield. Some very small chips on the tail with surface rust poking through. Driver’s side door isn’t flush. Very good interior. Never fully restored, but gotten attention when necessary. A 20-foot car. – While this is a bit expensive for a GT in this condition, but it’s a solid and pretty classic sports car for barely five figures and when you look at it that way it’s still a pretty good value. It was reported sold at Mecum’s Kissimmee auction three months ago for $14,300, a very expensive ownership experience.
1949 Crosley Hot Shot Roadster
Lot # 29 1949 Crosley Hot Shot Roadster; S/N VC20014; White/Black vinyl; Enthusiast restoration, 3+ condition; Hammered Sold at $9,500 plus commission of 10.00%; Final Price $10,450. No Reserve. – Body color steel wheels with hub caps, rear-mounted spare wheel, bucket seats, aftermarket fuel, oil pressure, amp and water temp gauges, factory radio with AM/FM CD player under the driver’s seat.. – Represented as the 14th Hot Shot built and with 400 miles on a rotisserie restoration. Incorrect tinted Plexiglas wind wings are bolted into the windshield frame and just don’t look right. Clean engine bay. Wavy body sides. Average quality respray. Small cracks in the steering wheel. Huge cute factor, and restored but not overly so. These cars were always just toys for the most part, and that’s still very much what this one is. – This was remarkably inexpensive. It could have brought another five grand without being expensive and even then the value of its cuteness hasn’t caught up with even a neglected bubble car.
1979 Jeep J10 Townside Pickup 4x4
Lot # 38 1979 Jeep J10 Townside Pickup 4×4; S/N J9A25NN067066; Blue/Black vinyl; Truck restoration, 2- condition; Hammered Sold at $31,500 plus commission of 10.00%; Final Price $34,650. No Reserve. – 401/235hp V-8, automatic, All Terrain T/A tires, column shift, aftermarket steering wheel, Clarion CD stereo, Quadra-Trac all-wheel drive, black spray-in bedliner, stainless exhaust, dash clock. – Body-off restored. Some chips and dings and scratches on the grille. Dull bumper. Clean engine bay. Good paint. Some chips on the rear fenders. Very good interior. Very clean restored frame. Fully done over to truck standards. J10 Jeeps are rarely seen anyway, so this one has to be among the best. – This is a neat thing and its rarity is remarkable in view of 1979 production of almost 12,000. The bidders responded both to its exceptional condition and wow-factor with a healthy but not unreasonable price.
1950 Studebaker Commander 2-Dr. Sedan
Lot # 40 1950 Studebaker Commander 2-Dr. Sedan; S/N H432357; Shenandoah Green/Gray Cloth; Enthusiast restoration, 3 condition; Hammered Sold at $22,000 plus commission of 10.00%; Final Price $24,200. No Reserve. – Hub caps and trim rings, Coker Classic whitewalls, overdrive, column shift, factory radio. – Average quality respray with masking errors around the window and overspray on one of the tires. Older undercoated chassis. Pitted headlight bezels. Good bumper chrome. Good upholstery. Cracked steering wheel rim and cap. Dull but complete original dash. A distinctive bullet nose Studebaker, but done on a budget and in condition that’s not a whole lot better than presentable. – This is a prodigious price for a barely mediocre Studebaker but the marque and the singular jet-intake design are attention-getting and memorable. Owning and driving one, even in such marginal condition, is an experience that might be worth this much money even though there are many alternatives at a similar cost that would achieve much the same result and be more rewarding to own and drive.
1956 Ford Fairlane Country Squire Station Wagon
Lot # 46 1956 Ford Fairlane Country Squire Station Wagon; S/N M6FX155582; Coral, White/White vinyl with Red cloth inserts; Cosmetic restoration, 3+ condition; Hammered Sold at $19,000 plus commission of 10.00%; Final Price $20,900. No Reserve. – 292/202hp, 3-speed, spinner wheel covers, store brand all season narrow whitewalls, sun visor, bench seat, column shift, Town & Country radio, three row seating. – Dull, dirty wheels. Average quality repaint with a chunk taken out of the right front corner of the hood and masking errors around the windows and drip rail. Original side spear trim is straight but dull. Uneven door gaps. Cracked steering wheel cap but otherwise very good restored interior. Older undercoated chassis. Cosmetically restored on a budget a while ago. – Hammered not sold at Mecum Kissimmee in 2014 at a high bid of $19,500, then reported sold there three months ago for $19,250. It’s a good buy for the new owner, who has money left over to attend to this car’s basic needs.
1961 Chrysler New Yorker 2-Dr. Hardtop
Lot # 61 1961 Chrysler New Yorker 2-Dr. Hardtop; S/N 8313165749; Red/Black vinyl with Gray cloth inserts; Older restoration, 3 condition; Hammered Sold at $18,500 plus commission of 10.00%; Final Price $20,350. No Reserve. – 413/315hp, automatic, wheel covers, Coker Classic whitewalls, dual mirrors, push button automatic, bench seat, original radio but JVC stereo under the dash, factory air conditioning, power steering, power brakes. – Dull, lightly pitted brightwork. Average quality respray with a few runs at the bottom of the windshield. Two small dents in the driver’s side door. Long crack right down the steering wheel cap. Very good newer upholstery. Original dash. Paint coming off the hub caps. Original underneath. A basic driver. – Sold at Mecum Kissimmee three months ago for $22,000 only to fail to find a receptive audience here at B-J and come up several thousand dollars short of its price so recently. Buying a car of limited appeal to flip as a No Reserve consignment is fraught with risks which the seller here learned the hard way.
1962 Mercury Monterey Colony Park Station Wagon
Lot # 62 1962 Mercury Monterey Colony Park Station Wagon; S/N 2W72X528081; Bronze, White/Bronze, White vinyl; Recent restoration, 2 condition; Hammered Sold at $22,000 plus commission of 10.00%; Final Price $24,200. No Reserve. – 352/220hp with 4-barrel carb, 3-speed, wheel covers, American Classic narrow whitewalls, roof rack, bench seat, column shift, pushbutton radio, heater. – 80 miles on full body-off restoration. Uneven door gaps. Body looks straight otherwise. Very good interior. Labor of love on a car that usually doesn’t get this kind of treatment. Surely one of the best Monterey wagons out there. – Station wagons are enjoying a small surge of popularity and this Mercury fits neatly in the niche. Its 4-barrel should enhance the experience of driving it with the 3-speed stick and the new owner will find little to quibble with its condition. It’s an attractive vehicle that will be enjoyable to drive on evenings and weekends bought advantageously at this price.