Scottsdale, Arizona – The inaugural Barrett-Jackson Collector Car Event, held October 16 to 18 in Las Vegas, sold a combined US$29 million over 500 collector cars. The price includes the buyer’s premium; the vehicles were sold at no reserve, including a 1949 MG TC that was Carroll Shelby’s first road race car that sold for $313,500 (all prices U.S.), a new world record and with 10 per cent donated to one of Shelby’s charities. Over 50,000 people attended the auction and lifestyle event at the Mandalay Bay casino.

“We’re thrilled with the outcome of our first Las Vegas event on many levels,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “Las Vegas and Mandalay Bay welcomed us with open arms and as a strategic partner, it’s clear that consignors, bidders and visitors were treated to a spectacular experience. Collector cars prevailed in a struggling economy, proving that they can be treated as both a hobby and an investment.”

Seven cars were sold for various charities, totalling over $655,000, including $150,000 for the 2008 Barrett-Jackson Limited Edition Shelby GT. Others included a 2006 Ford Mustang modified on the television show Car Wars with Funkmaster Flex that sold for $300,000 for the Juvenile Diabetes Foundation, and a 2007 Dodge Charger raced by Kurt Busch for $85,000.

The top ten prices were the 1949 MG TC for $313,500; a 2006 Mustang GT for $300,000; 2003 Saleen S7 for $260,700; 1954 Rolls-Royce Silver Dawn for $225,500; 1969 Mustang Boss 429 for $214,500; 1962 Lincoln Continental for $209,000; 1938 Packard Victoria for $209,000; 1970 Mustang Boss 429 for $205,700; 1970 Plymouth Hemi Cuda for $187,000; and 1958 Corvette for $187,000.