When it comes to collectible car auctions, everyone expects muscle cars such as Mustangs, Camaros, Corvettes, Chevelles, and Challengers to go for top dollar. These are the cars that most people think of when they think “Barrett-Jackson.”
But besides American Muscle cars, there seems to be a growing market for oddball cars as well. As I walked around Barrett-Jackson’s 2014 Scottsdale auction, I couldn’t help but notice how many micro cars were up for sale. Some of them genuinely surprised me with how much they sold for!
#675 – 1969 Goggomobil TS-250 Coupe
Sold for: $33,000
The Goggomobil is a micro car from Germany that seats 2 occupants. It has a 2-cylinder engine that makes 14 HP and a 4-speed manual gearbox. Top speed of 60 mph with a 0-60 time of 26 seconds. It’s an interesting little car that you definitely don’t see every day, but even given the car’s rarity, I was shocked that it went for $33 grand!
I have noticed that several of the cars for sale at this year’s Scottsdale auction belong to celebrities. Here are some of the ones I’ve spotted so far:
Lot #1319.2 – Simon Cowell’s 2008 Bugatti Veyron
Sold for: $1,375,000
This black-on-black Bugatti Veyron is the first used car to be certified by the factory. It belongs to Mr. Simon Cowell, who is best known as the outspoken asshole judge on TV’s American Idol (Seasons 1-9). Comes with a 1 year factory warranty!
#1355.1 – Alice Cooper’s 1969 Chevrolet Camaro
Sold for: $82,500
The shock rocker behind “School’s Out for the Summer” is also a famed car collector. This ’69 Camaro has been beautifully restored to look showroom new. Comes with a signed picture from the man himself. Features a 396 V8 with an automatic transmission and a new interior.
To an average person on the street, a Bentley and a Rolls-Royce are pretty much the same thing: a very expensive car for rich people. However, the two cars actually serve very different purposes. A Rolls-Royce is a car for you to be chauffeured around in, while a Bentley is a driver’s car.
Bentley has a long tradition of racing heritage going back to the company’s founding in 1919. Bentleys won the 24 Hours of Le Mans race five times between 1924 and 1930. Facing bankruptcy during the Great Depression, Bentley was acquired by Rolls-Royce in 1931.
For automotive collectors and enthusiasts, the annual Barrett-Jackson Scottsdale car auction is THE premier event of the year. For the past decade or so, the main auction has been held in a 120,000 square foot tent at WestWorld.
Then in January 2013, Craig Jackson made an announcement that Barrett-Jackson would be constructing a permanent auction arena on the grounds – with real bathrooms! His comment was met with great applause, as the restrooms were previously located in a separate building a short walk away from the main tent.
This is my own observation, but it feels like I’ve been seeing the car everywhere lately. It’s been mentioned in Motor Trend’s Aventador vs. Rat Rod video, it’s been featured on Petrolicious, and oh yes, Jay Leno has one. On top of all that, I’ve even spotted three of them in the past year at my local Cars and Coffee cruise-in.
The Countach was the catalyst that sparked the modern supercar era. It is one of the most ridiculous, over-the-top designs to ever come out of Lamborghini’s factory. The car’s abundant vents, scoops, and giant wing make it look like a fighter jet with wheels. And who could forget those vertical doors!
What is it that makes certain cars more collectible than others? Certainly the car’s condition, its documentation, and any unusual factory options can affect a car’s value. However, I think the most important factor is rarity. The less common a car is, the more valuable it becomes.
Sometimes car manufacturers deliberately make small runs of cars, ensuring that they will become instant collectibles. Take a look at some recently produced exotic cars and their prices:
Lexus LF-A Supercar – 500 units – $375,000 each
Aston Martin One-77 – 77 units – $1,000,000 each
Lamborghini Veneno – 3 units – $3,000,000 each
It boggles my mind that automakers can produce a run of $1 or $3 million dollars cars and have no trouble selling all of them. However, it wasn’t always this way. There was a time when automakers had a hard time finding buyers for hyper-expensive cars. One of the first manufacturers to create a ridiculously high-priced supercar was none other than the Hudson Motor Company.
We had a blast covering the 2013 Barrett-Jackson Scottsdale auction this year! Here is a video I made highlighting some of the things I saw at the auction, including lots of very cool cars. Hope you enjoy it!
Today was the final day of Barrett-Jackson Scottsdale 2013. By the numbers, it was one of the most successful auctions ever. Over 3,400 bidders participated in the 7-day event, buying $100 million worth of vehicles – $58 million of which happened on Saturday alone.
As the cars are delivered to their new owners and the booths and tents are packed up, I would like to reflect on 10 things I loved about Barrett-Jackson 2013.