Posts Tagged ‘collector cars’

Planning Southern California’s premier automotive event

Monday, August 15th, 2011

The most prestigious award of the day, Best of Show, was bestowed on a 1931 Bugatti Type 51 from the acclaimed Nethercutt Collection, located in Southern California.

The most prestigious award of the day, Best of Show, was bestowed on a 1931 Bugatti Type 51 from the acclaimed Nethercutt Collection, located in Southern California.

The key to a great event isn’t just timing and location; it’s a mix of exciting activities, unique experiences and creativity.  During the 29th Annual Dana Point Concours d’Elegance, the staff was faced with the task of not only introducing a major component, the inaugural Dana Point Vintage Automobile Auction to the Concours, but also promoting multiple activities over a three-day weekend in the epicenter of the collector car world: Orange County.

The 2011 Dana Point Concours d’Elegance successfully accomplished its goals by offering a one-of-a-kind event with a blend of distinct vehicles, including a 1931 Bugatti type 51 coupe, 1927 Bentley 6.5 Litre BX 2416 and a 1937 Mercedes-Benz 540K special roadster.  Besides the exclusive Private Collection Tour, there was also an elegant selection of renowned automotive fine art by notable artists from around the world, including many members of the distinguished Automotive Fine Arts Society.

With more than 8,000 attendees flocking to the breathtaking golf links of the St. Regis Monarch Beach resort, many automotive events can take cues from this occasion, including the upcoming Pebble Beach Concours d’Elegance, scheduled for Wednesday, Aug. 17, to Sunday, Aug. 20.

To offer a few insightful do’s and don’ts learned during the Dana Point Concours, the following tips can help anyone create a successful event.

For starters, establish what you want out of a location, such as scenery, exclusivity, size and atmosphere.  Highly-populated settings, unique areas, well-known stores or high-volume traffic locations should all be considered when picking a venue.

Sometimes out of the way locals get snubbed by tourists who don’t want to waste the travel time.  The Dana Point Concours was located at the world-renowned, exclusive Monarch Beach Resort.  If tourists weren’t swayed by the shiny metal, the hotel’s European atmosphere and glamour definitely helped.

Promoting the strongest areas of your event to specific, target audiences is also a must.  You wouldn’t promote an invitation-only event through the media, or not announce an activity that’s free to the public via a news release.

During the Dana Point Concours, many people were unaware of the Private Collection Tour because of the limited number of spots available.  When offering tickets to anything, the more people that know about it, the more likely the show will be sold out sooner.

Speaking of your target audience, they will remember effortlessly the best and worst part of your event.  No matter how big or small the activity, there are bound to be a few hiccups.  By offering an event that is different than the normal gala or dinner will spark some positive notes among visitors, especially if it was an original AND fun event.

For example, the Dana Point Concours d’Elegance was masterful in laying out the vehicles on the golf links.  You didn’t see the same car or motorcycle twice and the vast greenery definitely set the tone.

Come up with something unique that most other companies similar to yours wouldn’t think about offering.  For example, the Dana Point Concours introduced their event in Southern California where a Concours doesn’t exist.  They also presented smaller activities, such as the Private Collection Tour, surrounding the Concours that gave enthusiasts a chance to see some of the best collections in Southern California.  During any other normal automotive event, they wouldn’t have had the chance.

And last, but not least, don’t forget the bathrooms and food stations!  An event can make for some grumpy guests if you don’t organize the bathroom locations and food areas.  If it takes 15 minutes to walk to the first port-a-potty or buy a burger, chances are people will not take that lightly.  Spread it out and offer a variety of food too.  You never know who’s a vegetarian, meat-lover, vegan, or just plain picky.

No matter the style, size or list of activities, any event will be successful as long as planning and preparation are introduced at the beginning stages.  After all, you want your guests to experience the delicious food, not the line to the one bathroom.

No slowing down for the Barrett-Jackson auction machine

Saturday, September 25th, 2010

Barrett-Jackson Auction Company wrapped up day two of its 3rd Annual Las Vegas Auction on Friday with bidding lasting late into the evening.  Charity was on the minds of hundreds of car enthusiasts as the top sellers benefitted foundations from across the country.

Camaro UFC

The top car of the day was a 2010 limited edition UFC Chevrolet Camaro custom coupe from Lot #392.  Shannon Allen, a UFC fan and car enthusiast took home the Camaro for $350,000 to benefit fallen troops and their families.  Chuck Liddell, UFC hall of famer, surprised the crowd when he stepped out of the passenger seat and Dana White, president of UFC, spoke a few words via video about the special meaning of the car prior to its entrance on the block.  One hundred percent of the proceeds benefit the Intrepid Fallen Heroes Fund, which was founded to support families of military personnel lost in service and for those veterans severely wounded.

2011 Camaro

The second highest bid of the day was also a charity car.  YMCA of Southern Nevada received proceeds from Lot #396, a production number two 2011 Chevrolet Camaro.  The bidder will have the opportunity to order the color, engine, transmission, trim and factory installed equipment.  Greg Heinrich of Fairway Chevrolet in Las Vegas donated the vehicle for the auction.

Corvette

A pair of 1981 Chevrolet Corvettes added to the energy of the auction arena.  After competitive bidding for the two historic GM vehicles, which were also charity cars, the highest bidder paid $300,000 and immediately donated the ‘Vettes back to the foundation.  Lot #373 was the first ‘Vette off the assembly line in Bowling Green, Ky, June 1, 1981.  Its partner, a Lot #373.1, was the last built at the legendary St. Louis factory before the doors closed on July 31, 1981.

Should Collector Cars be a Part of Your Financial Portfolio?

Monday, August 2nd, 2010

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Barrett-Jackson president, Steve Davis, responded to this question from Fox News’ most talked about news show, Strategy Room, on Friday.   As one of the foremost experts in the industry, Steve spoke about how Barrett-Jackson is revving up profits in a tough economy.

The Strategy Room’s Chris Cotter and Tracy Byrnes, both collector car enthusiasts, didn’t shy away from asking Steve what we all wanted to know, “How has your business [weathered] this recession?”

Steve responded enthusiastically about the growing number of bidders and consignors, as well as investment and collector value of traditional classics and new collectibles.

“The cars really represent a value in many ways,” added Davis. “It represents memories, it represents passion [and] it represents fun that you can enjoy with your grandfather, your great-grandfather [and] your children.”

Over the past three years, Barrett-Jackson has introduced two successful auction locations, including Las Vegas and Orange County, and enjoyed a 50 percent increase of bidders attending the events.  Just recently at the inaugural Orange County auction, Barrett-Jackson reported that 53 percent of the vehicles that crossed the auction block were purchased by new bidders.

“We’ve seen an incredible amount of new people coming into our world as a result of some of the things happening on Wall Street,” said Davis.  “These vehicles are tangible assets.  They have an incredible amount of fun attached to them and if someone sneezes on Wall Street, I guarantee the whole car isn’t going to disappear.”

Want to know Steve’s thoughts over the collectability and future value of today’s cars?  Click here to see the full story.

Inaugural Barrett-Jackson Orange County Auction Heats Up Southern California

Monday, July 19th, 2010
Barrett-Jackson auction action heats up as the sun sets on the OC Fair & Events Center.

Barrett-Jackson auction action heats up as the sun sets on the OC Fair & Events Center.

Now that the auction action is over, everyone knows the new Barrett Jackson Orange County Collector Car event was a huge success. The first auction reported an impressive turnout with strong sales and a great response from the local community.  Restomods, hot rods, exotics and original muscle cars were the most popular among bidders.

Now that word of Barrett’s new location in Southern California has spread like wildfire, the 2011 OC event is bound to be even more exciting.  Attendance should be bigger and the cars even hotter, setting up the auction to be better and the sales even higher.

By: M. Austin Black

Sales Total $68 Million at 2010 Barrett-Jackson Scottsdale Auction

Wednesday, January 27th, 2010

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Results are in from Barrett-Jackson’s 39th annual Scottsdale auction.  The company recorded more than $68 million in total sales, an 11 percent increase from Scottsdale 2009.  Top sellers included a 1929 Hamilton Metalplane H-47 for $671,000 and a 1964 Shelby Cobra that brought $478,500.

The top 10 cars sold in Scottsdale include:

  • 1929 HAMILTON METALPLANE H47 SERIAL #65 AIRPLANE – $671,000 (Lot #1307)
  • 1964 SHELBY COBRA ROADSTER – $478,500 (Lot #1317)
  • 1963 SHELBY COBRA ROADSTER – $401,500 (Lot #1303)
  • 1935 CADILLAC SERIES 40 FLEETWOOD IMPERIAL CONVERTIBLE – $302,500 (Lot #1265)
  • 2011 FORD MUSTANG GT GLASS ROOF COUPE – $300,000 (Lot #1295.1)
  • 1970 PLYMOUTH HEMI SUPERBIRD 2 DOOR HARDTOP – $286,000 (Lot #1289)
  • 1952 WATSON ROADSTER CUSTOM BY BLASTOLENE – $280,500 (Lot #1292)
  • 2008 FORD MUSTANG FR500S FASTBACK RACECAR – $275,000 (Lot #1027)
  • 1970 FORD MUSTANG BOSS 429 FASTBACK – $275,000 (Lot #1283.1)
  • 1967 FORD MUSTANG CUSTOM FASTBACK – $253,000 (Lot #1287)

Barrett-Jackson also saw no damage as a result of the wild rain and wind that passed through Arizona last week, which wasn’t the case for all auctions in the Phoenix area.  More than 180,000 people braved the elements to attend the automotive lifestyle event.

For a full press release on the results, CLICK HERE.  Next up, the 8th annual Palm Beach auction April 1-3, 2010.

Dream Garage USA Announces Leasing Program

Thursday, November 12th, 2009

002 Inside DG

TPRM client Dream Garage USA has announced an innovative new leasing program for garage suites at their Dallas location. With very competitive pricing, the leases are designed to provide car collectors and enthusiasts with the option to access an upscale garage suite without a long term real estate commitment.

Dream Garage is a national group of luxury garage suites with secure, upscale, private automotive residencies for prized collections. Each Dream Garage will feature a high-end repair facility specializing in the maintenance and repair of exotic, luxury and classic automobiles. In addition, locations will include a Retail Plaza, shopping area and concierge services.

The program is being introduced at the flagship Dallas location near Love Field, which recently opened to the public. Leasing options for suites start at only $2,000 per month.

While interest and enthusiasm for Dream Garage is still high, many potential customers asked to lease a garage suite in lieu of purchasing one at this time. The new competitively priced lease option was created to provide that flexibility so collectors could still enjoy their vehicles in a premium location that is convenient to access within those constraints.

Construction recently was completed on the location, which made perfect timing for the new leasing program. Interest in Dream Garage retail space has also spiked over the past month. TPRM is beginning a marketing campaign that will include updates to the Web site, a news release, possible online video, e-newsletter and events to launch the new lease program. This holistic approach that combines traditional tactics with digital strategies will give the Dream Garage team the tools they need to turn prospects into customers.

Sales Top $23 Million at 2nd Annual Barrett-Jackson Las Vegas Auction

Friday, October 16th, 2009

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The Barrett-Jackson Auction Company made an impressive return to Las Vegas as their 2nd Annual Collector Car Auction rolled into town from Oct. 7-10 at the Mandalay Bay Events Center. Bidders worldwide generated more than $23 million in sales (including Buyer’s Premiums) on over 400 collector cars that all sold at No Reserve. SPEED captured the action live with 19 hours of high-definition TV coverage.

A rare 1965 289 Shelby Cobra roadster (Lot #704) took the top spot, selling for $440,000 on Saturday evening. The “Father of the Mustang,” Lee Iacocca, took the second spot, selling the No. 5 Iacocca Silver 45th Anniversary Edition Ford Mustang (Lot #3000) for $352,000. The Colorado collector who purchased the Iacocca Mustang will also be treated to dinner with the automotive icon. American racing and manufacturing legend, Carroll Shelby, took the stage alongside hall-of-fame drag racer, Don “The Snake” Prudhomme, to auction the Prudhomme Edition Shelby Super Snake concept car (Lot #711) for $302,500.

The top ten cars sold in Las Vegas include:
• 1965 Shelby Cobra roadster – $440,000 (Lot #704)
• 2009 No. 5 Iacocca 45th Anniversary Edition Ford Mustang – $352,000 (Lot #3000)
• 1967 Shelby GT500 SE Super Snake – $330,000 (Lot #701)
• 2007 Ford Shelby GT500 Super Snake Prudhomme Edition – $302,500 (Lot #711)
• 2006 Mercury Volga Milan – $300,000 (Lot #363)
• 1956 Chevrolet Bel Air – $297,000 (Lot #715.1)
• 1969 Dodge Charger – $258,500 (Lot #691)
• 2005 Ford GT – $253,000 (Lot #690.1)
• 1969 Chevrolet Camaro – $245,000 (Lot #669)
• 2006 Ferrari F430 – $200,200 (Lot #716)

Bruce Willis’ 1967 Vette Fetches $165K at Barrett-Jackson

Saturday, October 10th, 2009

659_3_67ChvyVette

A pristine 1967 Chevy Corvette convertible from the personal collection of superstar Bruce Willis sold for big money this afternoon at Barrett-Jackson Las Vegas. The 427cid/435hp Tri-Power ‘Vette went for $165,000 during the 2nd annual auction, which culminates tonight with some very rare, sought after collector vehicles crossing the block.

A highlight of the evening will be Carroll Shelby and Don Prudhomme on stage to sell the Prudhomme Edition Shelby Super Snake concept car at No Reserve.

Barrett-Jackson Cruises The Strip to Kick Off Las Vegas Auction

Thursday, October 8th, 2009

RoadRally

The Barrett-Jackson Auction Company shut down The Strip in Las Vegas yesterday for the 1st Annual Barrett-Jackson Road Rally. The rally included vehicles from local car clubs, sponsor vehicles and multiple collector cars that will be sold during this week’s auction in Las Vegas, like the Prudhomme Edition Shelby Mustang. Check out this cool video of the rally http://www.youtube.com/watch?v=roRx1kARsKU.

The 2nd annual Barrett-Jackson Las Vegas auction began this morning and continues through Saturday. Stay tuned to the TPRM Blog for top sales, celebrity appearances and more.

Barrett-Jackson to Auction Rare Shelby Cobra

Wednesday, September 16th, 2009

704_65Cobra_hi

In the market for one of the most coveted collector cars on the planet?  Then book travel plans for Vegas the second weekend of October.

Barrett-Jackson made a stunning addition today to its Las Vegas auction lineup with a rare, low mileage 1965 289 Shelby Cobra.  The car will be sold at No Reserve on Oct. 10 during Barrett-Jackson’s 2nd annual Vegas event at Mandalay Bay.

Here’s what Craig had to say about the Cobra:

“Shelby American’s Cobras captured the world’s attention and this nation’s imagination when they conquered Ferrari, Jaguar, Porsche and Aston Martin,” said Barrett-Jackson Chairman/CEO, Craig Jackson.  “With such a small number built in the 1960s, few will have the privilege to own one of these iconic cars.  Because we’ve sold some of the most desirable Cobras ever to roll out of Shelby American, like Carroll Shelby’s personal Super Snake, people who are serious about these roadsters come to Barrett-Jackson.   They know it’s the best opportunity for a ‘no stories’ Cobra to exchange hands with real buyers at true market value.”

Email me at lderouen@tprm-usa.com for the complete news release and hi-res images.