Experience

Car Collector Auction Hits $37.5 Million in Sales

Scottsdale, Arizona based Barrett-Jackson, billed as “The World’s Greatest Collector Car Auctions,” continued at full throttle during their inaugural Houston auction at NRG Center last month with $37.5 million in sales.

Leading the way was the $1.98 million sale of a 1979 Porsche 928 driven by Tom Cruise in the film “Risky Business.” It was a world record auction sale of any Porsche 928 from any year.

They continued to fill the demand for collector car non-fungible tokens (NFTs) with two movie-themed Motoclub SparkNFTs.

NFTs are not the actual cars, but “the digital packaging of an exclusive video, an illustration, and three still images,” indicated the car collections dealer. “It’s a digital piece of automobilia of sorts commemorating the sale of a spectacular VIN 001 vehicle.”

🔹The 1959 Cadillac “Ghostbusters” Ectomobile Re-Creation NFT sold for $8,000.

🔹The 1994 Toyota Supra from “The Fast & the Furious” franchise NFT hammered in at $6,000.

Barrett-Jackson’s first auction in the Lone Star State featured a 100% 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 company’s most successful non-Scottsdale Automobilia Auction. Barrett-Jackson also continued to trailblaze with the auction of two NFTs, which brought in a combined $14,000.

“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,” says 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.”

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From award-winning Texas author Cynthia Leal Massey
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