Sophisticated Living Indianapolis

MAR-APR 2017

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34 BARRETT-JACKSON At Barrett-Jackson, star power co-mingled with horsepower to produce impressive results for their 46th annual multi-day auction and lifestyle event, which drew an estimated attendance of 320,000. Sales among the 1,719 vehicles consigned (the most at one auction in the company's history) totaled nearly $100 million, with more than 40 vehicle auction sales records, as verified by Hagerty Data. e company reported a 99.5 percent sell-through rate. "This year's entertainment factor was through the roof," said Craig Jackson, chairman and CEO of Barrett-Jackson. "From Rock & Roll Hall of Famer Steven Tyler and Grammy award-winning Justin Bieber, through undefeated pro-boxing champion Floyd Mayweather and the most decorated Olympian in history, Michael Phelps, to two-time Masters champion Bubba Watson, there was no shortage of entertainment and full- throttle excitement." In total, eight vehicles crossed the block in Scottsdale to support various charitable causes. With music pumping and lights flashing, Steven Tyler roared onto the stage standing in the passenger seat of his rare 2012 Hennessey Venom GT Spyder. e car sold for $800,000, with 100 percent of the hammer price benefiting Janie's Fund, a philanthropic initiative created by Tyler to bring hope and healing to girls who have suffered the trauma of abuse and neglect. World-champion pro stock car driver and team owner Dale Earnhardt Jr. also stepped up to sell vehicles for the benefit of Nationwide Children's Hospital, a leading pediatric care facility and research institute. Donated by Chevrolet, a 1970 Resto-Mod Chevrolet Chevelle that Earnhardt helped design brought $200,000, while the Hendrick Motorsports No. 88 Nationwide Chevrolet SS that he raced in NASCAR Cup Series races brought $200,000. Barrett-Jackson Top Five Sales: 1964 Aston Martin DB5 – $1,485,000 1960 Chevrolet Engineering Research Vehicle (CERV) 1 – $1,320,000 1930 Duesenberg J Dual-Cowl Phaeton – $880,000 2005 Porsche Carrera GT – $616,000 1965 Shelby GT350 Fastback – $445,500 GOODING & COMPANY Over the course of its two-day sale, Gooding & Company realized more than $33.4 million, selling 106 of 126 lots before a standing-room-only crowd. Nine new benchmarks were posted for Ferrari, Bugatti, Porsche and AMC. "Our clients understand the rare and important opportunity to own a significant car that is highly sought after, such as the three-owner 1925 Bugatti Type 35 Grand Prix and the one-owner 1955 Mercedes-Benz 300 SL Gullwing," said David Gooding, president and founder of Gooding & Company. "These types of cars, which are rarely seen at auction and boast incredible provenance, may not come up for sale again for many decades." Gooding & Company Top Five Sales: 1925 Bugatti Type 35 Grand Prix – $3,300,000 1965 Ferrari 500 Superfast – $2,915,000 1932 Alfa Romeo 6C 1750 Series V Grand Sport Roadster – $1,595,000 2011 Ferrari 599 SA Aperta – $1,485,000 1955 Mercedes-Benz 300 SL Gullwing – $1,457,500 RUSSO & STEELE Total sales reached $22.1 million with 606 of the 780 lots offered by Russo & Steele hammering sold. e sell through rate of 78 percent pushed the company's performance up seven figures over its 2016 auction. "This year, with our move to our incredible, long-term new home at Salt River Fields at Talking Stick the enthusiasm captured by Russo & Steele has never been higher. However, it still fundamentally demonstrates that our clients genuinely value our customer service focused philosophy of cars and camaraderie and that the most desirable core component of a successful automotive event in Scottsdale remains the cars," said Russo & Steele CEO Drew Alcazar. Russo & Steele's Top Five Sales: 1954 Mercedes-Benz 300 S Cabriolet A – $423,500.00 1973 Ferrari Dino 246 GTS Spyder – $379,500.00 1969 Ford Mustang Boss 429 – $335,500.00 2006 Ford GT – $261,750.00 2006 Mercedes-Benz McLaren SLR – $253,000.00 1960 Chevrolet Engineering Research Vehicle (CERV) 1 sold for $1,320,000. Photo courtesy of Barrett-Jackson Auction Co, LLC. A 2011 Ferrari 599 SA Aperta sold for $1,485,000. Photo by Jensen Sutta. Image copyright and courtesy of Gooding & Company.

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