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Demand for Collector Cars Drive Sales to $35 Million at 4th Annual Barrett-Jackson Auction in Palm Beach; Record Sales, Attendance and Spectacular Vehicles Attract World to Lifestyle Event.


PALM BEACH, Fla. -- Continued strong demand pushed sales to over US$35,000,000, during the fourth annual Barrett-Jackson Palm Beach Collector Car Event at the South Florida Expo Center in West Palm Beach, Fla. From Thursday, March 30 through Saturday, April 1, 2006, the finest post-war classics, muscle cars, modern supercars and celebrity vehicles sold at No Reserve. Highlights included a Barrett-Jackson Palm Beach record $1,728,000 for a Franay Bentley Mark VI The Bentley Mark VI was the first post-war luxury car from Bentley. Produced from 1946 to 1952, it was also the first car from Rolls-Royce with factory coachwork but chassis were still also supplied to independent coachbuilders . , $572,400 for the #003 Ford GT and $110,700, for a 2006 Cadillac CTS The CTS is a mid size entry level luxury car made by General Motors for the Cadillac brand. It was introduced as the replacement for the Cadillac Catera in 2003. Originally, it was created as a direct competitor to the Lincoln LS, before that car was discontinued in 2006 to make  owned by legendary rock star Sir Paul McCartney Noun 1. Paul McCartney - English rock star and bass guitarist and songwriter who with John Lennon wrote most of the music for the Beatles (born in 1942)
McCartney, Sir James Paul McCartney
 and his wife Heather Mills Heather Mills (born 12 January 1968 in Aldershot, Hampshire, England), also known by her courtesy title (from her husband, Sir Paul McCartney) as Lady McCartney or Heather Mills McCartney  McCartney; all results include bidder's fees.

The Barrett-Jackson Auction Company reaffirmed the intensifying interest in collector cars with another record-setting year in Florida, which garnered an estimated $35 million in sales compared to the $22 million record set at the 2005 auction. A total of 583 cars crossed the auction block during the three-day event three-day event

a competition in the pleasure horse sport comprising usually one day each for dressage, cross country and show jumping.
; all were sold at No Reserve. The 1,230 bidders representing all 50 states and 14 countries registered for an opportunity to buy a vehicle. These bidders had a combined purchasing limit in access of over $250 million.

"The Barrett-Jackson Palm Beach Collector Car Event is the East Coast's premier automotive lifestyle event where anyone can be a player instead of a side line spectator," said Craig Jackson Craig Jackson may be:
  • Craig Jackson (journalist) (fl. 2000s)
  • Craig Jackson (field hockey) (fl. 2000s), South African player
  • Craig Jackson (swimmer), South African swimmer
, president of the Barrett-Jackson Collector Car Auction. "Sales rose this year by approximately the same amount as our total sales just two years ago. We once again demonstrated the strength of the car collecting hobby."

The 1947 Franay Bentley Mark VI, considered by many to be one of the most famous post-war Bentleys ever built, became the highest priced vehicle ever sold at the Barrett-Jackson Palm Beach event when it hammered at $1.728 million including bidders fee. The #003 Ford GT struck a special chord with the bidders, as the proceeds from the $530,000 sale benefited the Carroll Shelby Carroll Hall Shelby, (born January 11, 1923 in Leesburg, Texas) is an American racing and automotive designer and former racing driver. Life before racing
After graduating from Woodrow Wilson High School in Dallas, Texas, Shelby enlisted in the United States Army Air
 Children's Foundation. In addition, an unrivaled selection of Corvettes, Street Rods, Muscle Cars, Classic and European Sports Cars were sold on the auction block as celebrities such as Carroll Shelby, Mark Fields
  • Mark Fields (football player) (born 1972), American football linebacker
  • Mark Fields (businessman), head of Ford Motor Company's Americas division
 of Ford Motor Company, Jim Taylor This article is about the NFL football player. For other uses, see Jim Taylor (disambiguation).

James Charles "Jim" Taylor (born September 20, 1935) is a former professional football player. Taylor played for ten NFL seasons, from 1958-67.
 of Cadillac and renowned designer Chip Foose Chip Foose (born October 13, 1963) is a renowned hot rod shop owner, automotive designer and fabricator, and star of Overhaulin' on TLC. Background
Foose began working on automobiles at age seven for his father's company (Project Design).
 watched.

The Barrett-Jackson Palm Beach event featured vendors showcasing everything from automotive art and sculpture to automobilia, motor homes, real estate, car care products and general merchandise including jewelry, collectibles, electronics and apparel. A Gala was held during the week for bidders and VIPs that benefited the National Center for Missing and Exploited Children The National Center for Missing and Exploited Children (NCMEC) is a private, non-profit organization established in the United States in 1984 under United States government mandate.  and the Darrell Gywnn Foundation, the auction's charitable beneficiaries. Early estimates indicate that approximately half a million dollars was raised for charity.

"We brought an amazing group of top vehicles to Palm Beach, and they fetched top prices in nearly all categories," noted Jackson. "For instance, the 1947 Franay Bentley topped this event's sales and was the highest price ever paid at the Palm Beach event, but there were many surprises along the way. From Corvettes to Austin Healeys, the new world records reflect the true value of these special pieces of history."

Barrett-Jackson continues to set the standard for the collector car market by elevating consignment standards, breaking records and serving as the barometer for market trends. This year's event included nearly 600 quality collector cars all selling at No Reserve. Television coverage was provided by SPEED.

About The Barrett-Jackson Auction Company

Established in 1971 and headquartered in Scottsdale, Ariz., Barrett-Jackson specializes in providing products and services to classic and collector car owners, astute collectors and automotive enthusiasts around the world. The company produces the "World's Greatest Collector Car Events(TM)" in Scottsdale, Ariz., and Palm Beach, Fla. For more information about Barrett-Jackson, visit www.barrett-jackson.com or call (480) 421-6694.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 2, 2006
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