Someone attending the first Barrett-Jackson Las Vegas Collector Car Auction with $10,000 to spend probably had a rare car part in mind. Two years later, with the economy stalled and choking, Barrett-Jackson is meeting the increased demand for entire cars at that price point.
Among the hundreds of classics, hot rods and muscle cars will be a gold, two-door 1970 Oldsmobile Delta 88 convertible, with 38,500 miles, valued by Barrett-Jackson at $10,000. A blue and white, two-door 1979 Lincoln Continental Marc V hardtop, mileage unknown but probably high, will probably sell for $7,000 to $10,000. And a metallic blue, two-door 1978 Plymouth Volare kit car, with 17,596 miles, is valued at only $5,000.
"We have a lot of cars that are probably going to be in that category," says Gary Bennett, vice president of consignment for the Scottsdale, Ariz.-based auction company. "But we won’t know what they actually sell for until the end of the day."
Barrett-Jackson is known for selling every car on its auction block, no minimum bids.
"Everything is going to be sold to the highest bidder, regardless of what that price is," Bennett says.
The neat thing about the Volare is that it’s one of only 257 Richard Petty Editions manufactured. And Petty will be at this car show.
"Get him to sign the hood and it could be worth ten thousand," Bennett says.
Of course, it’s still the Barrett-Jackson auction, not a police auction. The show is dominated by vehicles most Americans can afford only to gawk at. That includes 10 owned by late Las Vegas entertainer Danny Gans, such as a 2010 Mercedes McLaren retailing for $550,000, and a 2008 Bugatti Veyron expected to fetch $1.2 million.
"It’s the fastest production car in the world," Bennett says.
And it shouldn’t be too slow in the selling department, either. Bennett says demand is up as much on the high end as the low — although he wouldn’t provide specific figures.
"Great cars are still bringing incredible money," he says.
Contact reporter Corey Levitan at clevitan@ reviewjournal.com or 702-383-0456.Preview
What: Third Annual Barrett-Jackson Las Vegas Collector Car Auction
When: 8 a.m. until last car sold, Sept. 23-25
Where: Mandalay Bay parking lot, 3950 Las Vegas Blvd. South
Tickets: $15 general admission; $10 seniors, students and military; ages 5 and younger, free (800-745-3000)