Barrett-Jackson Inaugural Houston Auction Hits $37.5 Million Fueled by $1.98 Million Sale of Porsche 928 Driven by Tom Cruise in “Risky Business”
September 19 2021 - 9:50AM
Business Wire
Barrett-Jackson, The World’s Greatest Collector Car Auctions,
continued at full throttle during the Inaugural Houston Auction at
NRG Center in Houston, Texas, September 16-18, 2021, with $37.5
million in total sales. Strong prices for collectible vehicles
combined with tremendous turnout led to many world auction records
and a rising demand for American-made Resto-Mods, quality customs
and vehicles with celebrity provenance. On Saturday, the auction
arena was electric when a stellar group of vehicles crossed the
block led by a 1979 Porsche 928 (Lot#749) driven by Tom Cruise in
the film “Risky Business” that sold for $1.98 million, becoming the
world record auction sale of any Porsche 928 from any year.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210919005027/en/
A stellar group of vehicles crossed the
Barrett-Jackson auction block led by a 1979 Porsche 928 (Lot#749)
driven by Tom Cruise in the film “Risky Business” that sold for
$1.98 million (Photo: Business Wire)
Barrett-Jackson’s first auction in the Lone Star State featured
a 100-percent No Reserve docket with nearly 500 collectible
vehicles that sold for more than $35.4 million. The Automobilia
Auction featured 279 pieces that sold for over $1 million, marking
the most successful non-Scottsdale Automobilia Auction in the
company’s history. Barrett-Jackson also continued to trailblaze
with the auction of two NFTs, which brought in a combined
$14,000.
On Saturday, Lot #3000, a 1956 Chevrolet 150 sold to benefit
charity for $425,000 and was immediately donated back, igniting a
second round of bidding that raised an additional $400,000. Another
$175,000 was donated, bringing the total raised from the sale of
the Chevrolet 150 to $1 million benefiting Honor Flight. To date,
Barrett-Jackson has helped raise over $135 million for charity.
Barrett-Jackson’s Inaugural Houston Auction total sales reached
over $37.5 million with a 100-percent sell-through rate and 34
world-record auction sales, surpassing over 200 world records in
2021. Click here to see the inaugural event’s recap video.
“This was a banner year filled with historic events made up of
over 200 world-record auction sales that are forever etched into
automotive history,” said Craig Jackson, chairman and CEO of
Barrett-Jackson. “Thanks to our sponsors, consignors, bidders and
guests, our Inaugural Houston Auction was an extraordinary
extension of this year’s success. We’re far more than a car
auction; we’re an immersive automotive experience with exhibitors,
thrill rides and activities that rivals any event. We can’t wait
for our January 2022 Scottsdale Auction, when we’ll celebrate
everything we’ve accomplished over our 50-year history, in true
Barrett-Jackson fashion.”
The top ten vehicles sold during the Inaugural Houston Auction
included:
- 1979 Porsche 928 “Risky Business” Movie Car (Lot#749) - $1.98
million
- 2019 Ford GT Lightweight (Lot #759) - $1,199,000
- 2019 Ford GT (Lot#748) - $1,001,000
- 1966 Shelby GT350 Sir Stirling Moss Race Car (Lot#741) -
$495,000
- 2006 Ford GT (Lot #726) - $440,000 2006 Ford GT (Lot #728) -
$440,000
- 2005 Ford GT (Lot #727) – $412,500
- 1963 Chevrolet Corvette Split-Window Custom Coupe (Lot #733) -
$396,000
- 1967 Ford Mustang Eleanor Tribute Edition (Lot #767) -
$357,500
- 1967 Ford Mustang Eleanor Tribute Edition (Lot #443) - $330,000
1962 Chevrolet Corvette Custom (Lot #762) - $330,000
- 1956 Ford F-100 Big-Window Custom Pickup (Lot #756) -
$275,000
During the three-day auction, Barrett-Jackson sold 279 authentic
automobilia items for more than $1 million, the highest sales ever
achieved during a non-Scottsdale Auction. Top automobilia pieces in
Houston included a 1940s-50s Flying A Service animated porcelain
neon sign (Lot #7297) that sold for $77,050, and a 1950s Mobiloil
Pegasus left-facing animated porcelain neon sign (Lot #8299) which
sold for $69,000.
“We rocked the house in Houston and delivered the kind of
results expected from a state that likes to do everything bigger
and better,” said Steve Davis, president of Barrett-Jackson. “Our
100-percent No Reserve docket reinforced the demand for
American-built Resto-Mods and quality customs, and the strong
prices underscored the trust we’ve earned from our consignors and
bidders. We’re bringing new collectors to the hobby with every
auction with diverse dockets filled with vehicles that enthusiasts
can relate to and enjoy. Join us in Scottsdale in January to
celebrate this incredible journey we’re on.”
Barrett-Jackson also continued to fill the demand for collector
car NFTs with two movie-themed Motoclub SparkNFTs. The 1959
Cadillac “Ghostbusters Ectomobile” Re-Creation NFT (Lot #4001) sold
for $8,000, and the 1994 Toyota Supra from “The Fast & The
Furious” franchise NFT (Lot #4002), hammered in at $6,000.
On Friday, Craig Jackson was joined by Aaron Shelby, grandson of
Carroll Shelby and Board Member of Carroll Shelby International for
the historic presentation of the 1967 Ford Shelby GT500
Experimental (EXP500) “Little Red” and the only Shelby GT500
convertible built that same year, marking the first time in history
that these two vehicles were shown together in public. Click here
to watch “Little Red Returns.”
Consignments are open for the 2022 Scottsdale Auction, January
22-30, and enthusiasts may consign here. Collector car enthusiasts
can also be a part of the celebration by registering to bid here.
Tickets to the 2022 Scottsdale Auction are also on sale and
available for purchase here. Join Barrett-Jackson’s online
conversation on Facebook, Twitter, Instagram and YouTube
#BarrettJackson.
About The Barrett-Jackson Auction Company
Established in 1971 and headquartered in Scottsdale, Arizona,
Barrett-Jackson, The World’s Greatest Collector Car Auctions, is
the leader in collector car auctions and automotive lifestyle
events, which include authentic automobilia auctions and the sale
of private collections. The company produces live auctions across
the country, as well as Online Only auctions. With broadcast
partners FYI and HISTORY, Barrett-Jackson will feature live
television coverage in 2021, as well as all the cars, all the time
via the live stream on Barrett-Jackson.com. Barrett-Jackson also
endorses a one-of-a-kind collector car insurance for collector
vehicles and other valued belongings. For more information about
Barrett-Jackson, visit www.barrett-jackson.com, or call
480-421-6694.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210919005027/en/
Barrett-Jackson Communications Rodney Scearce, Director
of Public Relations at (480) 306-8251 |
RScearce@Barrett-Jackson.com
Automotive Media Aaron Cook, TimePiece PR & Marketing
at (214) 520-3430 | ACook@TPRM.com