Market: Craig Jackson on the Scottsdale sales
'1980s vehicles across the board are on the up!' says Barrett-Jackson CEO Craig Jackson as collector car auction week begins in Scottsdale, Arizona
‘The market is very strong at the moment,’ opines Craig Jackson, CEO of Barrett-Jackson, at the beginning of the Scottsdale auction week, dominated by the company set up by his father and which he has run since 1995.
‘We’re seeing the strength of the market in the bidding and the quality of the cars offered for our sales. Many of the car owners were sitting on the sidelines while the market was uncertain, waiting for the best time to sell, but now they’re back. It looks very similar to 2007.
‘American muscle cars came back very strong in 2017, and Generation Xers came into the market. We all saw a flattening out of Ferraris but 1980s vehicles across the board – Foxbody Mustang, Firebird GTA, Smokey and the Bandit Trans Am etc – are all on the way up. But we’re also selling a lot of sport utilities, like the Bronco. It started with 1980s pick-up trucks, and there’s still a very high appreciation of those.
‘What did you dream of in your youth? That’s what it’s all about, so it keeps on moving. The hot rods, the resto mods – we were early adopters of those. All the big car guys have a hot rod, and resto mods are popular with the guys who really love driving – that whole segment is growing.
‘But look at almost every segment and it’s growing. The Japanese cars are getting very collectible, and some cars that we didn’t think were great cars at the time have been re-evaluated – think of the 1980s [Buick] Monte Carlos. Cars like that are bringing in the younger collectors, and the list keeps growing: IROCs, Z28s, early ZR-1s. They weren’t high horsepower but they had great graphics, and now enthusiasts want them again.
‘Out of 1757 cars at our Scottsdale sale only 20 have a reserve price. The market dictates the price. We have a 16,000-capacity arena packed to the rafters, you get 5000 bidders, it’s on TV worldwide. A car is going to sell for the right price!
‘We are an automotive lifestyle, we bring a lot of new people in. Saturday afternoon and evening is going to really rock. We have the Salon sale [Barrett-Jackson’s sale of the very best cars], we have four great charity cars, it will be jam-packed.
‘Our first Salon sale was in 2012, but it’s a lot broader now than it was then. Initially it was almost all pre-war cars. Now we’re getting the best of the best muscle cars, one-off Shelbys, most winningest GT350, Talbot Lago Soathchek, even modern supercars.
‘It will be interesting to see what the Ford GT goes for. This will be the first public auction of a new GT. There’s a two-year lock-out [on selling them] but this is a charity auction.’
Watch the sales live on the Barrett-Jackson website or via Discovery and Velocity channels.
Classic Cars for Sale
BMW Z3 2.8 Automatic Convertible wide body This super Z3 is registered 01/08/1997 It has covered 110,000 miles since new It has just had a full service and many new parts fitted Very rare 2800cc and automatic Finished in stunning silver coachwork BMW 16" Alloy wheels Black electric hood. Black seats with beige trim Electric seats Electric windows ASC Please call us for more information
Spectacular condition Meticulously maintained and sympathetically restored Original European delivery example Shown at the 2017 Greenwich Concours d’Elegance Rare and desirable 280SE Cabriolet One of only 1,390 built Numbers matching engine and automatic gearbox Stunning factory correct color combination First production year 280SE Cabriolet Well-furnished and highly
Land Rover Defender 90 TDCI 2007 Automatic This superb Defender has only covered 49000 miles from new. ( Registered 18/09/2007 ) Superb black bodywork Colour coded arches KBX Hi Force grills KBX Front grills Galvanised steering guard Two sets of wheels included, Road and off road Clear indicator lenses Clear front lights Front spot lamps LED fog and reverse lamps Rear light guards Re
Incredible restored condition Just released from over 40 years of single collector ownership Rare and desirable MG TC Roadster One of approximately 2,000 brought to the U.S. Numbers matching XPAG engine! New side curtains, convertible top and top boot Stunning color combination Options include: Painted Wire Wheels Fog Light Badge Bar Excellent documentation include