More than $24 million in vehicles sold at Barrett-Jackson auction

More than $24 million in classic and custom vehicles were sold at the Barrett-Jackson auto auction held in Las Vegas last week, the company reported Wednesday.

Topping the sales was a 1964 Ford Fairlane that went for $700,000, followed by the first production 2012 Camaro ZL1 ($250,000); 2009 Mosler Raptor GTR ($240,000); 1971 Plymouth Barracuda ($200,000); and a 1968 Shelby GT500 Convertible ($160,000).

The final tally beat last year’s $20 million in sales, but fell far short of the $29 million spent at the inaugural 2008 auction. Attendance was nearly 60,000, the highest number in the auction’s four-year run in Las Vegas.

A record 580 vehicles were sold at the three-day auction, and the 97 percent sell-through rate was the highest percentage since Barrett-Jackson reinstituted an auction model with both reserve and no-reserve consignments, Barrett-Jackson Chairman Craig Jackson said. That means only 3 percent of winning bids that met the reserve did not go through.

Last year, a bidder reneged on his $700,000 offer on a Bugatti Veyron. Jackson stepped in and purchased the vehicle himself in order to make the consigner whole and to protect the integrity of the auction, he said.

Barrett-Jackson also posted a 25 percent increase in licensed merchandise sales in Las Vegas.

“Results from the Las Vegas auction demonstrate that the collector car market is incredibly strong within all segments of the hobby, despite uncertain global economic climate,” Jackson said.

The Mosler was one of three exotic cars offered by North Carolina business­man Jimmy Richardson. He said the car was valued at $450,000. He also sold a 1997 Vector V12 for $106,700 and a 2005 Ferarri F430 Berlinetta for $121,000, including the buyer’s premium.

The auction raised $1.4 million for charity organizations, including $700,000 from the Fairlane owned by Barrett-Jackson President Steve Davis. He donated proceeds to the Armed Forces Foundation.

A rare K Code model, the custom two-door hardtop Fairlane is powered by a Roush 427-cubic-inch V8 hooked up to a Tremec five-speed transmission. All mechanical work was done by Roush Industries.

The car was sold to well-known Barrett-Jackson buyer Ron Pratte, who donated the car back to the company to be auctioned for charity at the Scottsdale, Ariz., auction in January.

Las Vegas magician Criss Angel put seven cars from his personal collection in the auction, including a 2006 Hummer H2 that fetched $100,000. The Hummer was used on the show “Mindfreak” and was on display for a while inside the Luxor. The front of the vehicle spits out playing cards and has a custom lock and chain guard inspired by Harry Houdini.

The auction attracted a number of celebrities, including actors Josh Duhamel and Tom Arnold, comedian Rich Little, MMA champion Randy Couture, and cast members of the television show “Pawn Stars.” NASCAR team owner Rick Hendrick bought the $250,000 Camaro.

Contact reporter Hubble Smith at or 702-383-0491.

Bellagio, MGM Resorts International’s luxury hotel turns 20
The more than 3,000-room Bellagio hotel is situated on the site of the former Dunes Hotel. The Dunes was imploded in 1993, and construction of the Bellagio started in 1996. It cost $1.6 billion to build, making it the most expensive hotel in the world at the time. The Bellagio was former Wynn Resorts Ltd. Chairman and CEO Steve Wynn’s second major casino on the Strip after The Mirage. MGM Resorts International acquired the property from Steve Wynn in 2000. (Tara Mack/Las Vegas Review-Journal)
Facial recognition software at G2E – Todd Prince
Shing Tao, CEO of Las Vegas-based Remark Holdings, talks about his facial recognition product. (Todd Prince/Las Vegas Review-Journal)
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Bobby Baldwin to leave MGM
MGM Resorts International executive and professional poker player Bobby Baldwin is set to leave MGM.
Caesars has new armed emergency response teams
Caesars Entertainment Corp. has created armed emergency response teams. They are composed of former military and law enforcement officials. "These teams provide valuable additional security capabilities,” Caesars spokeswoman Jennifer Forkish said. Caesars is hiring Security Saturation Team supervisors, managers and officers, according to LinkedIn. The company did not say how many people it plans to hire for the units. (Las Vegas Review-Journal)
Las Vegas, airlines prepare for CES
CES in January is expected to attract more than 180,000 attendees. (Las Vegas Review-Journal)
AGS partners with Vegas Golden Knights
AGS is the nation’s second-largest manufacturer of Class II slot machines used primarily in tribal jurisdictions. It announced a marketing partnership with the Vegas Golden Knights NHL team. (Las Vegas Review-Journal)
Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
News Headlines
Local Spotlight
Add Event
Home Front Page Footer Listing
You May Like

You May Like