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Barrett-Jackson Pratte Collection 2015 – Tuesday Auction Report

1969 Chevrolet Camaro Z/28 sold for $148,500 Richard S Carey
1969 Chevrolet Camaro Z/28 sold for $148,500

Barrett-Jackson, WestWorld, Scottsdale, Arizona, The Pratte Collection Tuesday, January 13, 2015

This is a brief ‘heads-up’ on the Tuesday group of cars from Ron Pratte’s collection at Barrett-Jackson WestWorld.

There were 110 lots, mostly cars, of which were offered without reserve. They brought a total of $13,272,600.

Sixty of them had sold at auction since 2004 i.e., probably to Ron Pratte. Of those, forty-five realized prices (with commission) higher than they brought in the most recent earlier transactions.

And Ron Pratte – except where charity sales were involved – was not known for being parsimonious.

In total the cars with prior sales brought a nominal positive return of $1,851,030 on a total transaction value of $8,425,450. The math says that is 22% more than their most recent prior transactions.

(Click for Barrett-Jackson 2015 – Ron Pratte Tuesday Results)

This analysis is apples-apples: both old and new values include the auctions’ buyers’ commission. To go further entails several levels of conjecture.

Also, keep in mind that all of the Pratte cars were at least as good on Tuesday as they were in their earlier action transactions. Most were better, in some cases much better.

Ron Pratte has been a superb custodian, sparing nothing in maintenance and care.

The Big Pratte vehicles (Futurliner, Shelby Super Snake, etc.) cross the Barrett-Jackson auction block during Saturday Prime Time. It should be interesting; live on Discovery, then Velocity. Check your local listings for times.

Barrett-Jackson Pratte Collection 2015 – Tuesday Auction Report

1969 Chevrolet Chevelle Yenko 427 sold for $275,000, a strong $99,000 more than the purchase price in 2008
1969 Chevrolet Chevelle Yenko 427 sold for $275,000, a strong $99,000 more than the purchase price in 2008
1967 Chevrolet Corvette 427/435 Convertible sold for $170,000
1967 Chevrolet Corvette 427/435 Convertible sold for $170,000
1969 Chevrolet Camaro Z/28 sold for $148,500
1969 Chevrolet Camaro Z/28 sold for $148,500
1970 Chevrolet Chevelle Malibu Convertible sold for $148,500
1970 Chevrolet Chevelle Malibu Convertible sold for $148,500
1966 Shelby Mustang GT350 Fastback sold for $175,000
1966 Shelby Mustang GT350 Fastback sold for $175,000
1955 Pontiac Star Chief Convertible sold for $220,000, a healthy $170,320 profit since purchase in 2004
1955 Pontiac Star Chief Convertible sold for $220,000, a healthy $170,320 profit since purchase in 2004
1969 Chevrolet Camaro COPO sold for $330,000, more than $150,000 above its purchase price in 2007
1969 Chevrolet Camaro COPO sold for $330,000, more than $150,000 above its purchase price in 2007
1954 Kaiser-Darrin 161 Roadster sold for $192,500
1954 Kaiser-Darrin 161 Roadster sold for $192,500
1959 Fiat 600 Jolly sold for $71,500
1959 Fiat 600 Jolly sold for $71,500
1931 Ford Model AA Postal Delivery Truck sold for $36,300
1931 Ford Model AA Postal Delivery Truck sold for $36,300

[Source: Rick Carey]

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8 Comments

  2. Good story, good cars – ‘almost’ within my grasp as well. One typo, Rick: “Also, keep in mind that all of the Pratte can were at least as good on Tuesday as they were in their earlier action transactions.” You mean ‘cars’, not ‘can’, right?

    1. The damn spell-check just won’t pick up errors like that, and I wrote this out longhand (old-fashioned cursive) on the Windows XP Motion tablet which tends to like ‘can’ better than the way I scribble ‘cars’. I usually catch it, but not this time.
      On another matter, I’ll have an update on the Saturday Pratte cars with totals later today.
      Rick

  3. Rick. I watched Mopar collectors who paid 300K or 400K for a car 4 or 5 years ago get killed when their cars sold last week (no reserve) for 90K at Scottsdale!
    Where do you see the market going this year as far as 60’s Chevrolet’s go ?
    To be specific, I own a very real Mid Year Corvette.

    Thanks

  4. Frank,
    It took me a while to polish up my crystal ball….
    Corvette collectors seem to be both more numerous and more realistic than the folks who jumped on Mopars a few years ago. That means a larger pool of prospective buyers and one supported by an informed infrastructure of dealers and restorers.Also, the available supply is much larger than big Mopars.
    I think that broad base of support and ample supply tends to moderate the marketplace and don’t expect mid-year Corvettes to vary much from a steady but moderate growth in values. That doesn’t account for specific rarities like mid-year L88s, or cars with dynamic histories including the aberrations caused by celebrity ownership, but even those factors seem to be ameliorated by a generous supply of high quality, high performance mid-years and the appeal they have even to new collectors.

    Rick

  5. Rick,
    Great reporting once again. I about fell out of my seat when the Hughes Buick sold for little money.Some years ago, two other Hughes cars were offered by the Summa Corp after Hughes death. I think a Chrysler and a Chevrolet, early fifties for under $10,000 each. I think they went on the county fair circuit for folks to see @ 50 cents each. I wonder where they are now? Didn’t the 53 Buick belong to Craig’s late brother?

    1. Chuck,
      You are correct, the Buick was discovered by Craig’s older brother, Brian, many years ago and remained in the Jackson family collection until it was sold to Ron Pratte at Palm Beach.