April 21, 2024

Linkage Mag

Geared for the Automotive Life

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Barrett-Jackson Hits $44.4m at Palm Beach Auction

Barrett-Jackson’s annual Palm Beach auction took place this past weekend, selling 622 cars and a good selection of automobila for a combined total of $44.4m.  

This event, now in its 20th year, brings Barrett-Jackson’s signature style to Florida each spring — including a host of first-offer vehicles and charity lots. The top sale of the event was a 2020 Ford GT Heritage Edition at $1,457,500 — but just as interesting was a chance at the very first gas-electric hybrid Corvette — the E-Ray 3LZ VIN 001 — which sold for charity at $1,150,000. 

The Corvette will feature the 6.2-L LT2 small block V8, an 8-speed dual-clutch automatic transmission, and an electric motor that powers the front wheels via a 1.9 kWh battery pack. Combined, it makes 655 hp and adds in a new level of performance to the Corvette brand. 

Additionally, Lee Iacocca’s 2009 Ford Mustang Iacocca 45th Anniversary Edition sold for $150,000, also for charity.

The top 10 non-charity vehicles that sold during the 2023 Palm Beach Auction included:

  1. 2020 Ford GT Heritage Edition (Lot #740) – $1,457,500
  2. 2020 Ford GT (Lot #725) – $990,000
  3. 2005 Ford GT (Lot #725.1) – $440,000
  4. 2018 Porsche 911 GT2 RS (Lot #744) – $434,500
  5. 1962 Chevrolet Corvette Custom Convertible (Lot #722) – $401,500
  6. 2019 Porsche Speedster (Lot #745) – $396,000
  7. 2018 Rolls-Royce Phantom (Lot #739) – $363,000
  8. 2018 Porsche 911 GT2 RS (Lot #748.1) – $346,500
  9. 2017 Ferrari 488 Spider (Lot #737) – $330,000
  10. 1965 Ferrari 212 Barchetta Roadster Re-Creation (Lot #735) – $297,000

“The 2023 Palm Beach Auction was the perfect way to celebrate two decades of bringing the automotive lifestyle to Florida’s Gold Coast,” said Steve Davis, president of Barrett-Jackson. “The diversity of the market and the passion that drives it are thriving in Palm Beach. Demand for everything from European supercars to amphicars was incredible. The crowd responded to our No Reserve docket, which was also filled with the finest Shelbys, classics, SUVs and muscle cars. Even during uncertain times on Wall Street, interest in collector cars continues to be strong and is attracting many new people to the hobby.”

Learn more here.

Images: Barrett-Jackson