Barrett-Jackson Scottsdale 2012 – Auction Report

Barrett-Jackson Scottsdale 2012 – Auction Report Page Two

1971 Ferrari 365 GTB/4 Daytona Spyder Conversion for sale
Lot # 1263.2 1971 Ferrari 365 GTB/4 Daytona Spyder Conversion; S/N 14047; Red/Red leather, Black stripes; Black cloth top; Rebodied or re-created, 3+ condition; Hammered Sold at $220,000 plus commission of 10.00%; Final Price $242,000 -- Chrome spoke Borrani wire wheels, Pirelli blackwalls, Blaupunkt Berlin cassette with stalk mounted controls, Momo leather rim steering wheel, painted nose panel with pop up lights. Repainted over old paint. Small stone chips on nose. Good, lightly used upholstery. Red over Red colors are different, but not unattractive. Sold by RM in Monterey in 2006 for $253,000 and still in comparable condition today, this transaction is representative of the values of cut Daytonas today and represents something of an opportunity for a collector who wants the thrill of top down driving in a front-engined V-12 Daytona.
1962 Chevrolet Corvette Convertible Custom for sale
Lot # 1278 1962 Chevrolet Corvette Convertible Custom; S/N 20867S102088; Champagne Mist/Champagne Mist leather; Customized restoration, 1 condition; Hammered Sold at $371,636 plus commission of 10.00%; Final Price $408,800 -- 500hp LS7, 4L65E automatic, P/S, power disc brakes, A/C, C4 suspension, custom chassis, hidden wiring, custom billet trim and more. Body lines subtly altered to adapt to the larger wheel and tire package. Show car with many awards in 2011. Done to obsessive standards in every respect, the paint, bright trim, soft trim and mechanical features all are exquisite. A trailer queen showing 8 miles on the odometer. This was one of the stars of this year's Barrett-Jackson, even if it didn't bring seven-figures, and is the poster car from all the customs, from sublime to clumsy, that occupied a third of the auction's docket slots. It is a showpiece hammered sold to an internet bidder for $365,000 hammer with a 12% commission, not the hammer bid indicated here.
1958 Chevrolet Corvette FI Convertible for sale
Lot # 1280.1 1958 Chevrolet Corvette FI Convertible; S/N J58S104755; Ice Blue/Ice Blue; Older restoration, 2- condition; Hammered Sold at $147,000 plus commission of 10.00%; Final Price $161,700 -- 283/290hp, 4-speed, Big Brake car with its wheels and ducts intact. Radio and heater delete. NCRS restoration, Regional Top Flight in 2010 and still nearly like new. Bloomington Gold certified. The exceptional restoration is complemented by exceptional specifications and judgment by the experts at NCRS and Bloomington Gold. The bidders' confidence in the car is mirrored in the price it brought.
1969 Dodge Charger General Lee for sale
Lot # 1291 1969 Dodge Charger General Lee; S/N XP29H9B193680; Orange/Tan vinyl; Visually maintained, largely original, 4+ condition; Hammered Sold at $110,000 plus commission of 10.00%; Final Price $121,000 -- 383/335hp, automatic. Cracked windshield, torn dash top. Quick recent repaint and chrome work but still barely presentable. Reputedly the first General Lee used in the first episode of Dukes of Hazzard. Recovered from a junk yard in parlous condition and presented with better paint but otherwise scruffy and original. General Lee's appeal is all about nostalgia for the TV show. The TV producers went through a fleet of Chargers, each of them reduced to a quaking, shaking pile of junk after taking part in the show's many famed jump scenes. As a car this isn't much. As a piece of television history it brought a healthy price.
2008 Ferrari 599 GTB Berlinetta for sale
Lot # 1294 2008 Ferrari 599 GTB Berlinetta; S/N ZFFFC60A280159211; Red/Tan leather; Unrestored original, 2 condition; Hammered Sold at $220,000 plus commission of 10.00%; Final Price $242,000 -- Red calipers, SF shields, F1 transmission, carbon interior trim, Daytona seats, Challenge wheels, carbon ceramic brakes, Bose stereo, xenon headlights. Maintained in better than showroom condition in Rick Hendrick's collection with 3,903 miles and deserved to be driven more. This result is right on the money for a carefully maintained low miles 599 GTB, a $100K haircut from its cost new just four years ago.
1954 Mercedes-Benz 300SL Gullwing for sale
Lot # 5000 1954 Mercedes-Benz 300SL Gullwing; S/N 1980404500129; Engine # 1989804500144; Silver/Red leather; Visually maintained, largely original, 3 condition; Hammered Sold at $2,000,000 plus commission of 10.00%; Final Price $2,200,000 -- Two sets of wheels, chromed and painted, tools, manual, service book and mid-60's registration. Good repaint, otherwise original. Hinged steering wheel, belly pans. 4,217 miles from new, ex-Willet Brown. A beautiful, time-warp mostly original Gullwing. Expectations were set high on Friday when Gooding & Company sold its alloy bodied Gullwing for $4,620,000, but the Gullwing market really got reset with this transaction at Barrett-Jackson. Yes it's low miles and it's impressively preserved, but this is a huge premium for the originality and mileage. It is destined to be a collection showpiece, but every mile added to its odometer and every soft piece of tubing, belt, hose and grommet replaced to make it drivable saps its value. This is a curve-setting price that will drag every other Gullwing along behind it.
1933 Pierce-Arrow Silver Arrow for sale
Lot # 5002 1933 Pierce-Arrow Silver Arrow 4-Dr. Sedan; S/N 2575018; Silver, Metallic Grey; Older restoration, 1- condition; Hammered Sold at $2,000,000 plus commission of 10.00%; Final Price $2,200,000 -- Gorgeous tiger grained interior wood with burl inserts. Freewheeling, skirts, Red wire wheels, trim rings, wide whitewalls. Good paint, chrome, interior. Chassis was done to like new standards by the Harrah's shop thirty years or more ago and shows age but also long, careful preservation in the Behring and Blackhawk Collections. One of five built and three known to survive. The 1933 Century of Progress Chicago World's Fair presented four of the most famous and expensive cars ever built: the Duesenberg 'Twenty Grand', the 'Golden Packard', the Cadillac Aerodynamic Coupe and the Pierce-Arrow Silver Arrow. Built on a 139 inch wheelbase with V-12 power and coachwork designed by Phil Wright and built at Pierce-Arrow subsidiary Studebaker, the Silver Arrow was a sensation, not only for its sleek aerodynamic design but also for its solid steel roof, a feature that wouldn't enter production in Detroit for several years. Long held to be one of the most important design achievements of the Thirties, this is the first time one of the three survivors has crossed an auction block and it brought a price that can only be considered appropriate to its history, appearance and importance.
1954 DeSoto Adventurer II Coupe, Body by Ghia for sale
Lot # 5002.1 1954 DeSoto Adventurer II Coupe, Body by Ghia; S/N 1493762; Red/Black, Red leather; Concours restoration, 1- condition; Hammered Sold at $1,323,636 plus commission of 10.00%; Final Price $1,456,000 -- Chrome wire wheels, whitewalls, pushbutton radio, fitted luggage. concours quality restoration to like new condition with better paint and chrome. Interior is lightly worn. Constructed by Ghia on a Chrysler Imperial chassis, the huge Adventurer II combines the vision of Virgil Exner with Giovanni Savonuzzi's Supersonic concepts. It's nothing if not spectacular. Barrett-Jackson continued its record of achieving exceptional results for Fifties concept cars with the Adventurer II, although it wouldn't have been a surprise to see it bring even more.
1947 Bentley Mark VI Drophead Coupe by Franay for sale
Lot # 5005 1947 Bentley Mark VI Drophead Coupe, Body by Franay; S/N B20BH; Engine # B25071; Black/Red leather; Black cloth top; Concours restoration, 1- condition; Hammered Sold at $2,500,000 plus commission of 10.00%; Final Price $2,750,000 -- Marchal headlights, fog lights and dual spotlights, skirts front and rear. An extravagant car with an appropriately extravagant restoration. When restored by Gary Wales it sported red frogskin upholstery and an impudent frog radiator mascot, quietly mocking the origins of its coachwork in France. They have been replaced in recent years, perhaps in the hope that less impudence will bring it an invitation back to Pebble Beach where it came as close as any postwar car to winning Best in Show ever has. Sold by Barrett-Jackson in Palm Beach in 2006 from Gary Wales' collection for $1,728,000, this is a singular Bentley, and singularly famous as well. It's now even more famous for the value that the Barrett-Jackson bidders accorded it.
1957 DeSoto Adventurer Convertible for sale
Lot # 5008.1 1957 DeSoto Adventurer Convertible; S/N 50417567; Gold, Black accent/Tan vinyl, Brown cloth; Concours restoration, 1- condition; Hammered Sold at $205,000 plus commission of 10.00%; Final Price $225,500 -- 345/345hp Hemi, automatic, chrome wire wheels, whitewalls and loaded with accessories. Show quality paint, chrome and interior. Shows a little age underhood but still sparkles. These are rare cars and the essence of 'The Forward Look' and its 'Suddenly it's 1960' design that have moved quickly up collectors' consciousness. This is a stunning example and brought a price that's appropriate to its rarity, visual effect and condition.
1969 Chevrolet Camaro ZL1 Coupe for sale
Lot # 5010 1969 Chevrolet Camaro ZL1 Coupe; S/N 124379N608879; Silver/Black vinyl; Older restoration, 2- condition; Hammered Sold at $410,000 plus commission of 10.00%; Final Price $451,000 -- Automatic, power front disc brakes, F70-14 Wide Tread tires, radio delete. Drag raced during its early life, then restored with new body panels to like new condition and displayed since. Documented with a copy of the dealer's shipping report, a copy of the original window sticker, customer's bill of sale copy and report from COPO Connection. The most valuable and fast of all COPOs with the aluminum ZL1 big block, the new body has little effect on this COPO's value. It has never been 'un-valuable', having sold here in 2006 for $486,000 fresh from restoration. Its lack of financial appreciation does, however, mirror the lackluster performance of American Muscle and Pony cars in recent years.

[Source: Rick Carey]

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  1. With the succes of the BJ auction far be it for me to be critical. However, (and I attend the auction as an average guy) the best part of the auction is watching cars(not shown on TV) which go by early in the auction, early in the morning and later in the afternoon). Low dollar cars that I would guess would be in the $$ reach of guys who don’t have a lot of cash but do have a lot of interest. In any price range, we all have a wish list. Anything on TV over $40,000 is fairy tale time; anything under is fodder for hours of follow up SPEED CHANNEL viewing. I attend, buy a bidder’s pass, sit far forward at low attendance time and its my winter vacation. Regards, markb

    1. Mark:
      Craig Jackson, Steve Davis and Gary Bennett of B-J will be gratified by your observation.
      They have worked for years to populate their auction “docket” with cars accessible to collectors like you who follow the B-J auctions on SPEED and are looking for something good, fun and affordable.
      To me the important figure in their auction summary is the Median sale value — half the cars sold for more, half for less.
      Median Average
      2012 $48,400 $69,871
      2011 $41,800 $55,296
      2010 $44,000 $56,255
      2009 $40,700 $55,974
      2008 $44,000 $73,514
      This is a week populated by affordable but desirable and interesting cars. In 2012 it was 650 cars sold for $48,400 or less including the 10% commission
      On the other hand, some big money sports, muscle and classic cars are an undeniable draw and I wholeheartedly endorse B-J’s decision to add the Saturday Prime Time grouping of Gordon McCall’s “Salon Collection”, especially with RM, Bonhams and Gooding in Scottsdale with their high end catalog auctions competing for headlines and collectors’ attention.
      Collector car auctions are a dynamic business, and it’s never been dull in the 22 years I’ve been following it.
      I look forward to meeting you in Scottsdale in January.