THE ONLY WAY IS UP: Record-Setters Define Trends on the Barrett-Jackson Block

Credit: Original article published by Barrett-Jackson.

Written by Eric Becker

 

A quintet of 1995 BMW E36 M3 Lightweights belonging to actor Paul Walker sold for an unheard of combined $1,325,500 at the 2020 Scottsdale Auction, including this one, Lot #1371, which recorded an astronomical final record price of $385,000.

 

Barrett-Jackson is on the Road to 50, and over the past half-century there’s always been one constant in the collector car world: A lot of discussion about which cars are going to be sought out as future collectibles. Like most collector-oriented hobbies, external factors will always play a major role. Societal trends, age demographics and more have their place in shaping what cars become coveted in collector circles. “We’re beginning to see an evolution of our hobby,” Barrett-Jackson CEO and Chairman Craig Jackson said. “It’s a new generation of people interested in a new generation of cars.” The collector car industry has taken note. As Gen-Xers and millennials make their desires known, a ripple has been felt throughout the hobby – and there’s nothing more telling than the dozens of auction records set at Barrett-Jackson auctions over the past year.

At the Barrett-Jackson 2019 Northeast Auction, a 1997 MKIV Toyota Supra shattered all expectations and sold for a record $176,000.

It’s hard not to notice the huge surge in demand for late-model imports. The star cars of the PlayStation generation have truly cemented themselves as hot-ticket items in the collector car world. At the Barrett-Jackson 2019 Northeast Auction, a 1997 MKIV Toyota Supra shattered all expectations and sold for a then-unheard-of $176,000. Fast-forward to our flagship 2020 Scottsdale Auction, and it was BMW’s DTM-derived M3 that took center stage. A quintet of 1995 E36 M3 Lightweights belonging to actor Paul Walker sold for an unheard of combined $1,325,500. Individually, each of the five M3 Lightweights bested the previous record by over $50,000. The top-selling of the five, Lot #1371, recorded an astronomical final price of $385,000 – but desire for the early ’90s Teutonic track fiend didn’t stop there: Lot #1371.1, a 1991 BMW E30 M3 also belonging to Walker, closed with a final price of $220,000.

Classic Broncos saw values go up when Ford announced plans for an all-new 2021 model. This 1976 custom example brought in $195,250 at the recent Online Only July 2020 Auction.

The cars of a beloved icon and stars of “Gran Turismo” aren’t the only examples setting records. Barrett-Jackson has also seen an uptick in demand for SUVs – the Ford Bronco being one of the most popular, some garnering unheard-of amounts when the hammer falls. At the 2019 Northeast Auction, two first-generation Ford Bronco Resto-Mods moved well into the six-figure range. In keeping with the trend, a 1976 Bronco built for SEMA just sold for $195,250 – setting a new record for a 1976 model – during the Barrett-Jackson Online Only July 2020 Auction. With the all-new Ford Bronco just released, we expect this trend to continue for the long haul. But the Bronco isn’t alone. Chevrolet’s C/K Series pickups of the 1970s have matched the Bronco’s ascendency into six-figure territory, as has Dodge’s nigh unstoppable Power Wagon.

Ford’s Fox Body Mustang Cobra R has also set several records at Barrett-Jackson, including this 1993 model that brought in $143,000 at the 2020 Scottsdale Auction.

As for supercars and late-model domestics, the Ford GT has become a record-setting staple of the Barrett-Jackson experience. The Blue Oval’s Fox Body Mustang Cobra R has also set several records, most notably at the 2019 Palm Beach and 2020 Scottsdale events. In Florida, Lot #674.1 met a final price of $132,000, while in Scottsdale, demand for the Cobra R continued, with Lot #1073.1 reaching a final selling price of $143,000.

This is but a snippet of the many record-breakers sold at auction, from the chart-toppers to the jaw-droppers and everything in between. Check out the gallery below for even more record-breakers and let us know your favorites!

 

 

1986 MERCEDES-BENZ UNIMOG U1200 PICKUP – $66,000 – 2019 PALM BEACH AUCTION

1970 CHEVROLET C10 CUSTOM PICKUP – $110,0000 – 2019 LAS VEGAS AUCTION

1974 FORD BRONCO CUSTOM SUV – $101,200 – 2019 NORTHEAST AUCTION

PAUL WALKER’S 1995 BMW M3 LIGHTWEIGHT – $385,000 – 2020 SCOTTSDALE AUCTION

1993 FORD MUSTANG COBRA R – $132,000 – 2019 PALM BEACH AUCTION

1969 FORD BRONCO CUSTOM SUV – $203,500 – 2019 NORTHEAST AUCTION

1957 DODGE POWER WAGON CUSTOM PICKUP1970 CHEVROLET C10 CUSTOM PICKUP – $203,500 – 2019 LAS VEGAS AUCTION

1991 BMW M3 – $220,000 – 2020 SCOTTSDALE AUCTION

1959 VOLKSWAGEN 23-WINDOW MICROBUS – $192,500 – 2019 PALM BEACH AUCTION

1997 TOYOTA SUPRA ANNIVERSARY EDITION – $176,000 – 2019 NORTHEAST AUCTION

2017 FORD GT ’66 HERITAGE EDITION – $1.54 MILLION – 2019 LAS VEGAS AUCTION

1964 LINCOLN CONTINENTAL CONVERTIBLE – $330,000 – 2020 SCOTTSDALE AUCTION

1948 DODGE POWER WAGON CUSTOM PICKUP – $214,500 – 2020 SCOTTSDALE AUCTION

1961 LINCOLN CONTINENTAL CONVERTIBLE – $110,000 – 2019 LAS VEGAS AUCTION

1993 FORD MUSTANG COBRA R – $143,000 – 2020 SCOTTSDALE AUCTION