auctions

auctions

The Barrett-Jackson Auctions are always exciting to watch. The level of perfection in the restoration jobs, or perhaps the pristine level of OEM correctness in the majority of the vehicles rolling across the auction block can be stunning. The prices these cars sell at can be quite stunning as well with some climbing into the multiple millions range. With all the money and metal trading hands every year in Scottsdale, Arizona, it’s interesting to take a deeper look at what makes cars valuable.

Sure, it can be the rarity of a particular vehicle, like say a 1957 Ferrari Testa Rossa, but it can also be a culmination of options that make a particular vehicle more valuable than another, despite being similar in quality.

That’s where this infographic steps in. By looking at all 1,397 vehicles sold at the 2014 Barrett-Jackson auction and crunching a bunch of numbers related to their generic options make-up like exterior and interior color, transmission style, and year of production, the folks at H&H Classic Parts came up with some answers.

Going strictly off the numbers of what options sold for the most, the highest average price would belong to a 1950s era Plymouth with a manual transmission, black exterior paint, and a dark interior. Conversely, a 1980s or newer Pontiac with an automatic transmission, white paint, and a light-colored interior would theoretically have brought the lowest average price.

The reality of the auction is much less ambiguous, however. The highest-priced, crazy outlier that fetched the most dough was a 1967 Chevrolet Corvette L88 Sting Ray with a red on red color scheme. The lucky winning bidder paid $3.85 million with an additional 10 percent in fees going to Barrett-Jackson. Whew!

Click past the jump for the full infographic

The 2015 Ford Mustang to Star in "Need for Speed"

The 2015 Ford Mustang has drummed up plenty of interest, with its European design and independent rear suspension. Its starring role in the upcoming "Need For Speed" movie simply added fuel to the fire.

Now the upcoming Stang is set to hit the front page again, as the earlier-mentioned role in "Need For Speed" is prepared to cross the auction block. And this is no normal Mustang, as it comes with a custom wide-body kit, a set of Forgiato 22-inch alloy wheels, an enlarged grille with revised air intakes, rocker-panel extensions, a twin-snorkel hood and low-profile mirrors. Add in its silver paint with Kona Blue racing stripes, and you can see that this truly is a one-of-a-kind Mustang.

To my knowledge, there are no engine mods, but given this beast packs at least 420 horsepower, then no mods are really necessary.

This custom Mustang will roll across the auction block at the Barrett-Jackson Palm Beach auction on April 12th, 2014. The car will be sold with no reserve and all of the proceeds will benefit the Henry Ford Health System.

Click past the jump to see a video about the Ford Mustang used in "Need For Speed".

Posted on by Simona  

Another day, another Ferrari 250 sets a sales record. This latest record-setting Ferrari is a 250 Testa Rossa, and it changed hands for what the Daily Mail is reporting as £24,000,000 — that equates to about $39 million.

At that price, it exceeds the previous record of £22.5 million set in 2012 by a 250 GTO, and it triples the price paid for a 1957 Testa Rossa in 2009 . That 2009 sale was also a record.

What separates this Testa Rossa from its brethren to demand such a price? Pedigree, fame and its immaculate condition all came together to make this a very valuable car.

The car itself is Chassis 0704, and it is actually a prototype that was created before the limited run of “normal” 250 Testa Rossas. F1 World Champion Phil Hill helped to pilot this exact car to race wins in the in the 1,000 km (683.5-mile) Buenos Aires and 12 Hour Sebring races. It has contested many other races, including two entrances into the 24 Hours of Le Mans. That gives this particular car one of the best racing heritages of any Ferrari still in existence in the private market.

Even with such a long racing heritage, the car is completely original and unmolested. It has all the battle scars of wheel-to-wheel action, but it has very little actual damage to any of the body panels, and the interior looks incredible for a 57-year-old car.

The new owner of the car has not been released, but if you want more info and images of this incredible machine head over to the Daily Mail for the original story.

Click past the jump to read more about the 1957 Ferrari Testa Rossa.

Source: Dailymail

To be among the first to own the newest and shiniest hardware has always been coveted, and that still held true as the opportunity for ownership of the first production 2015 Ford Mustang rolled across the Barret-Jackson auction block on Saturday, January 18th.

The winning bidder will pay Ford a handsome sum of $300,000 for the Mustang after a back-and-forth bidding war between the competing contenders. What’s more, all the proceeded will be given to the Juvenile Diabetes Research Foundation, a foundation whose purpose is researching treatments and cures for Type 1 diabetes in children.

Although the deep blue 2015 Mustang was on the block, it isn’t the one up for auction. The lucky winner will get to custom order their 5.0-liter-powered GT with either the six-speed manual or six-speed automatic; with any interior and exterior color Ford offers; and any factory-optioned striping combination. The Mustang will be the first off the assembly line when production begins later this year.

Click past the jump for more info on the 2015 Ford Mustang

Chevrolet Camaro Z/28

First-production models for the Camaro usually find themselves on the auction block with proceeds being sent directly to charity.

So, when Chevrolet announced last week that it was sending the first-production models of the 2014 Chevrolet COPO Camaro and the 2014 Z/28 Camaro to Barrett-Jackson, none of us were surprised the least bit.

What we did find surprising, though, was the enormous interest bidder had in both cars, culminating in a total auction of $1.35 million. Broken down, the Z28 netted an impressive $650,000 and the COPO Camaro received $700,000.

Compare that to the $400,000 the 2013 COPO Camaro Convertible fetched in the same event last year and we’d consider that almost 100-percent bid increase proof that the new look of the Camaro, coupled with the uniqueness of the models, equates to a lot of interest from a lot of people.

Besides, the amount both cars received will go to a good cause, with the proceeds from the COPO Camaro going to the Achilles Freedom Team of Wounded Veterans and the money from the Z/28 will go to Detroit’s Cornerstone Schools.

Good on the buyers of both first-production models for shelling out that much money; just goes to show that people are willing to fork over money to score these muscle cars .

Click past the jump to read about both new Camaros

Posted on by Simona  

The 2014 Detroit Auto Show is pretty much in the books — at least for the press — so our attention is now focused on this weekend’s Barret Jackson Scottsdale collector car auction. Lots cool cars will be auction in here, including supercars , classic cars and muscle cars , so if you have the money this is the place you want to be during this weekend.

Two of the models to be auctioned this weekend come from Chevrolet . We are talking about the first retail-production 2014 Camaro Z/28 and the first limited-production 2014 COPO Camaro . All the proceeds coming from selling the COPO Camaro will go to Achilles Freedom Team of Wounded Veterans and the ones from the Z/28 will go to Detroit’s Cornerstone Schools.

The COPO Camaro will feature a very cool, one-off COPO Ice Blue Metallic satin paint scheme and a LS-based, supercharged 350-cubic-inch engine. The Camaro Z/28 will feature identification number ending in 0001.

Click past the jump to read more about the 2014 Camaro Z/28 And COPO Camaro.

Posted on by Simona  

This weekend not only marks the beginning of the 2014 Detroit Auto Show , but also the launch date of the annual Barrett-Jackson Collector Car Auction in Scottsdale, Arizona. The 43rd edition of the auction will be a special one, as the company prepared a series of special vehicles that will be auctioned to benefit the Carol M. Baldwin Breast Cancer Research Fund.

One of these vehicles is a 2008 Bugatti Veyron 16.4 owned by Simon Cowell. When Cowell bought the Veyron back in 2008, it was the fastest street-legal vehicle in America, so this makes it even more special.

The car comes with only 1,300 miles on the odometer and all of them were with Cowell at the helm. It features a custom black paint with black interior — this is one of just a few Veyrons offered in American in this configuration. The car also benefits from a full one-year, extended factory warranty offered directly through Bugatti.

Click past the jump to read more about the Bugatti Veyron 16.4

Posted on by Tushar  

Here we are with some more Ferrari news; this time it is about a Ferrari F40 .

The F40 was and still is an extremely potent track car that hails from the motorsport specialists at Ferrari . The F40 was built it to commemorate the prancing horse’s 40th anniversary, and it went on to win the hearts of car enthusiasts around the world. However, it is not a car you take for granted because it can turn around and bite you, if you lose focus behind the wheel.

That’s exactly what happened with a F40 owner sometime back. Sadly, he ended up crashing it to such an extent that he decided to sell it off. A bunch wise fellas from Gas Monkey Garage then bought it for $400,000 and set on the journey of rebuilding this awesome supercar .

What they came up with is even more breathtaking; a Ferrari F40 for the 21st century. A complete rebuild later, they now plan to auction it off at this year’s Barrett-Jackson auction. The restoration work was aired on the popular TV series "Fast N’ Loud" Given the long hours put in by the team, the car could fetch more than $1 million. So, a $600,000 margin may be good enough.

The 2014 Barrett-Jackson auction will be held from January 12th through 19th in Scottsdale, AZ.

Click past the jump to read more about the Ferrari F40 by Gas Monkey Garage

Posted on by Tushar  

Ever wondered, why the Ferrari 250 GT LWB California Spider has "California" in its name? Here’s why. A Ferrari dealer based out of the U.S. requested the company to make a car named after their biggest market and hence the name. The sunshine state of California has been the home of Hollywood for ages and money was never short.

Even today, the sheer number millionaires in the state is mind-boggling. That said, with the advent of the age of information and technology, a new generation of billionaires have emerged. Anyway, back to the California Spider. The 1958 Ferrari 250 GT California Spider LWB will hit the auction block soon.

Experts suggest, the car could be valued over $8 million! One reason for such a high price is the fact that back in the days, Ferrari only built 50 examples of the California Spider. Now, the Ferrari 250 GT was a thoroughbred racer on which the California was based. The "LWB" stands for "Long Wheelbase". The market for old and rare Ferraris is huge. Only this year, RM Auctions sold an equally rare Ferrari 275 GTB/4S NART Spider for 25 million dollars!

And that’s not all, an even exclusive Ferrari 250 GTO fetched no less than $50 million. A short wheelbase version of the 250 GT California Spider also found a buyer recently. He apparently shelled out $11 million for the 250 GT California Spider SWB. The LWB California that is to be auctioned by RM Auction in Arizona is the 11th chassis (out of 50) produced by Ferrari and worked upon by the legendary metal worker Scaglietti.

Click past the jump to read more about the Ferrari 250 GT California Spider LWB

Posted on by Simona  

As pretty much no surprise to anyone, the first retail 2015 Ford Mustang will be auctioned for charity at the Barrett-Jackson auction in Scottsdale, Arizona on January 18, 2014. All the proceeds will go to JDRF (Juvenile Diabetes Research Foundation) — the country’s leading global organization funding type-one diabetes research.

The Mustang crossing the block will be a GT model, and it will feature a V-8 engine with an output of "at least" 420 horsepower and 390 pound-feet of torque. The car features all-new front and rear suspension systems, more precise steering control and enhanced ride comfort.

During the auction, Ford will also offer its fans the chance to ride in and drive its best models in the 2014 lineup and its resident performance models, like the Shelby GT500 , Focus ST and Fiesta ST .

Visitors will also have the chance to see the special Mustang GT500 developed for the new "Need for Speed" movie, which is set to arrive in theaters on March 14, 2014.

Click past the jump to read more about the 2015 Ford Mustang.


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