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Monday, 20 September 2021 16:20

‘Risky Business’ Porsche 928 Fuels Inaugural Barrett-Jackson Houston Auction’s $37.5 Million Sales Total

A stellar group of vehicles crossed the Barrett-Jackson auction block led by a 1979 Porsche 928, driven by Tom Cruise in the film “Risky Business,” that sold for $1.98 million A stellar group of vehicles crossed the Barrett-Jackson auction block led by a 1979 Porsche 928, driven by Tom Cruise in the film “Risky Business,” that sold for $1.98 million Business Wire

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Barrett-Jackson continued at full throttle during the inaugural Houston Auction, Sept. 16-18 at NRG Center in Houston, TX, with $37.5 million in total sales.

Strong prices for collectible vehicles combined with tremendous turnout led to many world auction records and a rising demand for American-made resto-mods, quality customs and vehicles with celebrity provenance.

 

On Sept. 18, the auction arena was electric when a stellar group of vehicles crossed the block, led by a 1979 Porsche 928 driven by Tom Cruise in the film “Risky Business” that sold for $1.98 million, becoming the world record auction sale of any Porsche 928 from any year.

 

Barrett-Jackson’s first auction in the Lone Star State featured a 100% no reserve docket with nearly 500 collectible vehicles that sold for more than $35.4 million. The Automobilia Auction featured 279 pieces that sold for more than $1 million, marking the most successful non-Scottsdale Automobilia Auction in the company’s history.

 

Barrett-Jackson also continued to trailblaze with the auction of two NFTs, which brought in a combined $14,000.

 

On Sept. 18, a 1956 Chevrolet 150 sold to benefit charity for $425,000 and was immediately donated back, igniting a second round of bidding that raised an additional $400,000. Another $175,000 was donated, bringing the total raised from the sale of the Chevrolet 150 to $1 million benefitting Honor Flight.

 

To date, Barrett-Jackson has helped raise more than $135 million for charity.

 

Barrett-Jackson’s inaugural Houston Auction total sales reached more than $37.5 million with a 100% sell-through rate and 34 world-record auction sales, surpassing more than 200 world records in 2021. 

 

“This was a banner year filled with historic events made up of over 200 world-record auction sales that are forever etched into automotive history,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “Thanks to our sponsors, consignors, bidders and guests, our inaugural Houston Auction was an extraordinary extension of this year’s success. We’re far more than a car auction; we’re an...


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