Five of the Top Twenty Sales are Ferraris at the 2003 Barrett-Jackson auction.
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Automotive News - January 19, 2003
SCOTTSDALE, Ariz. - The scene that Ferrari owners and car buffs from all over the world desire as they showed up for the 32nd annual Barrett-Jackson Showcase, billed as "the world's greatest classic car auction."
This event, held every January in Scottsdale at the tony Phoenix suburb, is the Super Bowl of classic-car auctions.
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Actor Don Johnson sold six vehicles from his own collection, including a restored 1949 Ford pickup that was a gift from his then-wife Melanie Griffith and a 1989 Ferrari custom-built for him during his "Miami Vice" TV show days. Johnson�s pride and joy, the custom-built 1989 Ferrari Testarossa was gifted to him from his close and personal friend, the late Enzo Ferrari. The silver Testarossa, with only 10,170 original miles, was given to Johnson while he starred in the popular show "Miami Vice". In the hit series, Johnson drove a Ferrari Testarossa. The Ferrari sold at auction for $88,560.
The Ferrari results are in... following four days of bidding on dream cars at this year's 32nd Annual Barrett-Jackson Collector Car Auction for 2003.
Considered the world's largest and most anticipated automobile auctions, the Barrett-Jackson Collector Car Auction was held January 15-19, 2003 in the sun soaked Sonoran Desert center in Scottsdale, Arizona, USA.
Registering to bid at the auction required a fee of $300 and proof of financial resources sufficient to match the bidder's predetermined bidding limit. The proof can be in the form of a bank letter of check guarantee, a cash deposit, a cashier's check or a special auction credit card - with verified line of credit from MBNA. Getting in as a spectator, Tickets were $20 at the gate.
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Photo |
# |
Year |
Model |
Status |
Price |
|
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2003-70 |
1961 |
FERRARI 250 GT COUPE |
SOLD |
$81,648 |
|
|
2003-700 |
1962 |
FERRARI 250 GT PF CABRIOLET |
SOLD |
$178,200 |
|
|
2003-701 |
1965 |
FERRARI 275 GTS ROADSTER |
SOLD |
$183,600 |
|
|
2003-693 |
1967 |
FERRARI 275 GTB/2 ALLOY |
HIGH BID |
$335,000 |
|
|
2003-642.2 |
1969 |
FERRARI 365 GT 2+2 |
SOLD |
$45,360 |
|
|
2003-749 |
1970 |
FERRARI 365 GT 2+2 |
SOLD |
$51,300 |
|
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2003-971 |
1973 |
FERRARI 246 DINO GTS TARGA US |
SOLD |
$87,480 |
|
|
2003-656 |
1973 |
FERRARI 246 GTS DINO SPYDER |
SOLD |
$88,560 |
|
|
2003-686 |
1973 |
FERRARI 365 GTS/4 DAYTONA SPYDER |
HIGH BID |
$300,000 |
|
|
2003-480 |
1978 |
FERRARI 308 GTS BARRIS CUSTOM |
SOLD |
$27,810 |
|
|
2003-632 |
1980 |
FERRARI 308 GTSi KOENIG WIDE BODY |
SOLD |
$45,360 |
|
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2003-629 |
1988 |
FERRARI MONDIAL COUPE |
SOLD |
$26,730 |
|
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2003-6005 |
1989 |
FERRARI TESTAROSSA COUPE |
SOLD |
$88,560 |
|
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2003-690 |
1991 |
FERRARI F40 |
HIGH BID |
$342,500 |
|
|
2003-669 |
1992 |
FERRARI 512TR |
SOLD |
$112,320 |
|
|
2003-707 |
1998 |
FERRARI 456 GTA COUPE 2+2 |
SOLD |
$108,000 |
Please click on the vehicle # link to view more detailed information.
According to Barrett-Jackson President Craig Jackson, this year's sale clearly demonstrated the classic car market is a ripe alternative to the volatile stock market. "We are seeing a continuing trend that our bidders prefer to drive away in an investment rather than relying on traditional means of diversifying their stock portfolio," said Jackson.
Throughout the four-day auction, crowds exceeding 165,000 people watched as prices paid on the auction podium skyrocketed and bidders vied for an unparalleled selection of collector cars. "This year�s auction saw top prices paid in nearly all categories of cars," commented Jackson. "We also exceeded a number of previously established world record prices for certain car models," continued Jackson.
The event saw an astounding 90 percent of the nearly 800 car lots declared sold, adding the 240 Automobilia lots sold, pushed the total sales volume very close to $28.5 million. The final attendance the four-day auction was 175,000.
For auction highlights, photos and a complete listing of results, click to the home page at: www.Barrett-Jackson.com.
Next Years dates: January 21-25, 2004.
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