Tag Archives: Barrett-Jackson

2000 Chevrolet Corvette Avelate Z06 Custom Convertible

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The Chevrolet Corvette is sort of like a ’32 Ford or a ’49 Mercury in that it has become a canvas for others to customize. It is a starting point where people they feel they can improve. Some companies like Callaway and Lingenfelter have used this formula to great success. It is still a Corvette, but with a little more power and a little more style.

Others have tried to follow the same path, but have not found commercial success. One such company was Avelate, which was formed by former GM designer Don Johnson and Dean Arnold.
According to the website CorvSport.com: “The Avelate borrowed some design inspiration from the previous Corvette generations and incorporated all of them into the C5 model. Initially, the plan was to make 100 cars per year, but throughout its production run, only 25 examples were only built.”

The auction description says that this 2000 Chevrolet Corvette Avelate Z06 convertible is one of 27 builds produced between 2000 and 2002. It is finished in Copper Pearl with a black convertible top. The car has a 6-speed manual transmission. It was consigned to sell at the Barrett-Jackson Scottsdale auction in January 2024.

The car has the stock windshield and side glass, though it has a custom body including door skins, hood, trunk, and front and rear bumpers. Studying the car, I see a C3-styled front end and C1-style scallops on the doors.

This car has Avelate logo floor mats and retro-style Fuel Injection and Corvette badges on the fenders.
It’s got a lot of customizations that make it unique from the herd of production C5s, but do the cosmetic customizations make it any better than a regular Z06? Honestly…no, they do not.

That sentiment was reflected in the final hammer price of $29,700 which is exactly in line with the prices of a C5 Z06 on Bring A Trailer. Only super low mileage cars go for more, and this car had 31k miles at the time of auction.

The Avelate Corvette is a unique curiosity for the right buyer, and another notch in the belt of small production manufacturers who thought they could do better than the OEM.

Barrett-Jackson Breaks Records, Doubles Down with Second Scottsdale Auction

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The doom and gloom of the pandemic is over. Everywhere I turn, I am hearing news stories about travel returning to pre-pandemic numbers. The most predicted economic recession in history seems, for now at least, to have been avoided, replaced instead by the “soft landing.” Supply chains are getting back to their new normal. Consumer confidence is high, and so is consumer spending.

But this isn’t an economics website, it’s a car blog. So what does this have to do with the collector car market? Well, strong consumer confidence may have played a big role in the recent Barrett-Jackson 2024 collector car auction in Scottsdale.

Barrett-Jackson broke several of their own records for most cars sold, overall sales, and sell-through rate.

Total Consignments: In recent years, the Scottsdale auction catalog has averaged 1,600 to 1,800 vehicles. For 2024, there were a total of 2,016 vehicles consigned to sell at the auction. The previous record was 1,907 vehicles sold at the 2023 Scottsdale auction.

Sell-Through Rate: The Scottsdale 2024 auction had a 100% sell-through rate, meaning that every one of those cars sold. There were no lots which did not receive any bids.

Total Sales: Barrett-Jackson recorded automobile sales of $200.9 million and an additional $6.7 million for automobilia, for a combined auction sales of $207.6 million. The previous record was $184.2 million combined sales at the 2023 Scottsdale auction.

World Record Sales: More than 190 lots set world record prices.

In fact, demand is so high that the company has announced a second Scottsdale auction event to take place in the fall, from October 10-13 at Westworld. The fact is, the four day auction is necessary because Barrett-Jackson is hitting the limit of cars they can consign to the January auction. The second auction is necessary to meet the needs of consignors and bidders alike.

We will be there to cover the action and excitement, so subscribe to Generation High Output to stay in the loop!

Supercars Capture Top Auction Sales at Barrett-Jackson Scottsdale 2023

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The 2023 Barrett-Jackson Scottsdale auction featured a record 1,907 vehicles on the docket. The bread and butter of the auction has always been American muscle cars from the 1950s-1970s, and this year was no exception.

Here are some numbers showing a partial analysis of Makes/Models in the 2023 auction:

154 Chevrolet Corvette
113 Chevrolet Camaro
102 Ford Mustang
64 Pontiac
58 Chevrolet Chevelle
58 Mercedes-Benz
46 Plymouth
45 Jeep
45 Cadillac
43 Porsche
36 GMC
29 Volkswagen
24 Buick
23 Oldsmobile
21 Ford Thunderbird
21 Bentley
20 Chevrolet Nova
18 BMW
16 Mercury
15 Lincoln
13 Jaguar
12 Ferrari
10 Maserati
9 Rolls-Royce
8 Lamborghini
7 Nissan
4 AMC
3 Volvo

As you can see, American cars such as Ford, Chevrolet, Cadillac, Jeep, and others dominate the auction catalog by a wide margin. There were only a handful of exotic cars with 12 Ferraris and 8 Lamborghinis, which says a lot about the customer base that both sells and bids at this auction. These are blue-jean wearing, bona-fide muscle car guys.

In 2018, 7 of the top 10 sellers were mid-century cars with only two late-model supercars and one boat in the top 10. This year was a different story, with 7 of the top 10 most expensive sales going to late-model supercars.

This 1989 Ferrari F40 Competizione in Nardo Grey was the top seller at Barrett-Jackson’s Scottsdale 2023 collector car auction, with a final sale price of $2.75 million.

1. 1989 Ferrari F40 (Lot #1405.1) – $2,750,000
2. 2005 Porsche Carrera GT (Lot #1405) – $1,595,000
3. 2019 Ford GT Lightweight Carbon Series (Lot #1419) – $1,320,000
4. 2020 Ford GT Carbon Series (Lot #1390) – $1,320,000
5. 1966 Shelby Group II Mustang – Built for Ken Miles (Lot #1396) – $770,000
6. 1967 Chevrolet Corvette Custom Convertible (Lot #1367) – $770,000
7. 1969 Chevrolet Camaro ZL1 (Lot #1353) – $770,000
8. 2012 Lexus LFA (Lot #1382) – $748,000
9. 2021 Ferrari SF90 (Lot #1391) – $742,500
10. 2019 Lamborghini Aventador SVJ (Lot #1407) – $671,000

It was a similar situation in 2019 and 2020, with supercars dominating the Top 10 rankings. 2021 had an even split between vintage cars and late-model cars.

Is this signaling a change in the collector car market? I have to wonder if the sixties Camaros and Shelbys peaked in value few years ago before the pandemic, and if they will ever see those numbers again.

On the other hand, those vintage cars may be holding steady in their value. It could be the case that supercars are dominating the block just because there have been more of them offered for sale in recent years. A supercar is a highly liquid asset, one that can quickly be bought or sold relative to other investments.

Where do you think the collector car market is headed? Share your thoughts by posting a comment below.

Top 10 Most Expensive Cars Sold at Barrett-Jackson 2023 Scottsdale Auction

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Barrett-Jackson returned to Scottsdale for their 51st annual collector car auction, which took place January 21-29, 2023 at Westworld of Scottsdale. The event drew more than 300,000 spectators and a record-breaking 1,907 vehicles consigned to sell at the no-reserve auction.

Here is a look at the Top 10 most expensive cars sold during Barrett-Jackson’s Scottsdale 2023 auction:

1. 1989 Ferrari F40 Competizione in Nardo Grey (Lot #1405.1) – $2,750,000
2. 2005 Porsche Carrera GT (Lot #1405) – $1,595,000
3. 2019 Ford GT Lightweight Carbon Series (Lot #1419) – $1,320,000
4. 2020 Ford GT Carbon Series (Lot #1390) – $1,320,000
5. 1966 Shelby Group II Mustang – Built for Ken Miles (Lot #1396) – $770,000
6. 1967 Chevrolet Corvette Custom Convertible (Lot #1367) – $770,000
7. 1969 Chevrolet Camaro ZL1 (Lot #1353) – $770,000
8. 2012 Lexus LFA (Lot #1382) – $748,000
9. 2021 Ferrari SF90 (Lot #1391) – $742,500
10. 2019 Lamborghini Aventador SVJ (Lot #1407) – $671,000

Overall, the collectible vehicles totaled more than $184.2 million in auction sales and $6.41 million for 1,100 pieces of automobilia collectibles, bringing the total auction sales to $190.6 million.

Barrett-Jackson also had five special auctions with 100 percent of the hammer price of each vehicle benefiting a nonprofit organization. The five vehicles at this year’s auction raised $1.89 million for charity.

The charity vehicles that sold during the 2023 Barrett-Jackson Scottsdale Auction included:

1. 2021 Shelby Super Snake Count’s Kustoms Edition (Lot #3000) – $350,000 to benefit Camp Freedom
2. 2023 Ford F-150 Lightning 4×4 Super Crew Pickup (Lot #3001) – $275,000 to benefit Fighter Country Foundation
3. 2024 GMC Hummer EV Edition SUV VIN 001 First Retail Production (Lot #3002) – $500,000 to benefit Tread Lightly!
4. General Colin L. Powell’s 2015 Chevrolet Corvette Stingray (Lot #3003) – $200,000 to benefit America’s Promise Alliance
5. 2024 Ford Mustang GT Fastback VIN 001 (Lot #3004) – $565,000 to benefit JDRF. The Mustang hammered for $490,000 and received an additional $75,000 in donations from generous guests on the auction block.

For more information on the Scottsdale auction and other events, visit https://www.barrett-jackson.com/

 

Future Collector Car Show Returns for 2023

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If you still subscribe to the idea that “young people today don’t care about cars,” then you need to get yourself over to the Future Collector Car Show so you can see for yourself what is really going on.

Founded in 2016, the Future Collector Car Show (FCCS) was established as a way to showcase the next generation of collector cars, covering model years from approximately 1975 to 2005. Though traditional car collectors do not bat an eye at anything from the Malaise Era and newer, cars produced since 1975 are starting to gain recognition from a wider audience.

Vehicles such as the GM F-body and G-body platforms, Squarebody and OBS trucks, and Ford’s Fox body platform have had have a dedicated and loyal fan base for many years, but were largely overlooked by the collector car community. Now, they are starting to take notice.

To give one example, at the 2018 Barrett-Jackson Scottsdale auction, there was an incredible collection of Mustangs from every year of production between 1982 and 1993. This drew a lot of interest from Fox body enthusiasts who were keen to snap up low mileage examples of these cars which had not been modified.

Within the collector car community is a growing group of enthusiasts of Japanese cars. This is a change from previous generations that focused exclusively on American cars. But, it is a welcome change for those who grew up in the 1970s, 80s, and 90s and drove these cars.

The Datsun/Nissan Z cars, the 210, and the 200 and 240SX, the Toyota Supra and Celica, the Honda NSX, and models from Subaru and other manufacturers are now regulars at enthusiast car meets like Future Collector Car Show.

Another example is the rise in popularity of Radwood, which held its first event in 2017 and has since expanded to multiple events throughout the U.S. Radwood focuses on cars of the “Rad” era of the 1980s and 1990s.

Finally, the rise of enthusiast auction sites like BringATrailer and Cars & Bids is a sign that demand for late model collector cars has staying power, and is not just a flash in the pan.

This year, the FCCS show has a new home at Westworld of Scottsdale, alongside the Barrett-Jackson collector car auction.

Come out on Sunday, January 23, 2023 from 10:00 am to 4:00 pm to check out a variety of vehicles from the 1980s, 90s, and today that represent the future interests of the collector car hobby.

There will be 10 categories for vehicles, which include:

  • Best of Show
  • Best Preserved
  • Best Restored
  • Best Period-Correct Modifications
  • Best Purpose-Built Performance
  • Visionary
  • Elegance of Heritage
  • Best Electro-Mod
  • Rookie of the Year
  • People’s Choice

The show will be held on the Polo Field at Westworld.

Barrett-Jackson to Celebrate 50th Anniversary in 2022

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The Scottsdale 2022 Collector Car Auction will be a milestone for Barrett-Jackson, which celebrates its 50th Anniversary next year. Founded in 1972 by Russ Jackson and Tom Barrett, the company is now headed by Chairman and CEO Craig Jackson and President Steve Davis, both automotive legends in their own right.

Today, Barrett-Jackson has grown to five major auction events, having recently added Houston to the list that includes Scottsdale, Palm Beach, Las Vegas, and the Northeast U.S.

The Scottsdale 2022 auction will be a return to the form for the auction company, which was forced to offer a scaled-back event in 2021 due to capacity restrictions in Arizona at the time. The January event was pushed back to March and saw lower attendance than previous years due to the pandemic. However, Arizona can expect a full-scale event for next month’s auction.

Those attending the 2022 Scottsdale event from January 22-30 can expect a very special event celebrating the company’s 50th Anniversary. Barrett-Jackson is a company that likes to offer surprises, such as in 2018 when former President George W. Bush made a special appearance on Super Saturday to help auction a Chevrolet Corvette for charity. There’s no telling which celebrities may appear at this year’s auction – though we do know that Bret Michaels and Grammy-winning artist Pitbull will be a few of the big stars present at the upcoming event.

With just over a month to go, the auction catalog is already filling in with more than 400 collector vehicles already listed online. Though Barrett-Jackson is primarily focused on American cars from the mid-century such as Camaros, Corvettes and Mustangs, the catalog has everything from muscle cars to late model sports cars, present-day exotics, and even pre-war classics. There’s something for everyone to enjoy at these events!

Do you plan to attend the 2022 auction event in Scottsdale, Arizona? Which cars are you looking forward to seeing? Post a comment below and share your thoughts!