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BARRETT-JACKSON 2005 PALM BEACH AUCTION SALES SKYROCKET TO $22 MILLION

The 3rd Annual Barrett-Jackson Palm Beach Collector Car Auction was a resounding success as the total sales, number of bidders and attendance significantly increased from the 2004 event. Initial data indicates sales rose to a staggering $22,000,000 with 25 percent more visitors and bidders during the all “no reserve” auction. The 3rd Annual Barrett-Jackson Palm Beach Collector Car Auction was held April 1st – 3rd, 2005 at the South Florida Expo Center with TV coverage by the SPEED Channel Television Network.

“The response from collectors and enthusiasts in Palm Beach demonstrates that Barrett-Jackson Classic and Collector Car Auctions are the premier automotive lifestyle events in the world,” said Craig Jackson, president of the Barrett-Jackson Auction Company. “In only our third year in Palm Beach, we are continuing to increase sales, attendance and the number of bidders and quality automobiles. It’s exciting that the hobby continues to grow.”

A total of 302 cars were sold for $11.8 million at last year’s Barrett-Jackson Palm Beach Collector Car Auction, presented by Dodge-Chrysler-Jeep. The 2005 event recorded over $22 million in sales for over 400 cars.

A wide selection of Corvettes, street rods, muscle cars and sports cars were sold at the automotive lifestyle event. One of the cars headlining the auction was the first ever 1968 Shelby G.T.500E convertible, selling for $550,800 including buyer’s premium. Minutes later a 1953 Buick Roadmaster, last driven by Howard Hughes, sold for $1,620,000 including buyer’s premium.

Throughout the auction, crowds watched bidders vie for an unparalleled selection of cars that shattered world records. Cars that set new records include the Hughes Buick Roadmaster and Shelby G.T.500E convertible, as well as a 1954 Buick Skylark convertible at $189,000, a 1969 Shelby G.T.500 for $113,400, a 2002 Cadillac LMP racecar for $270,000, a 1967 427 Corvette for $259,200, a 2004 Corvette Daytona Pace car at $86,400 and a 1970 Plymouth Superbird 440 single-four barrel sold for $153,360 including fees.

Additional highlights of the 2005 event included a “no-reserve” Automobilia Auction and an Automobile and Lifestyle Expo featuring 100 exhibitors. The event was launched with a gala that benefited the National Center for Missing and Exploited Children, which raised over $40,000 during the evening.

Each year the Barrett-Jackson Auction reaffirms its leadership position in the collector car market by elevating consignment standards, breaking annual records, and serving as the indicator for market trends. A complete list of sales prices for all 2005 auctions can be found at www.barrett-jackson.com. The next Arizona auction is scheduled for the third weekend of January and the Palm Beach event will be in early April 2006.

Palm Beach 2005 Auction
Top 20 Sales*

YEAR VEHICLE PRICE

1953

Buick Roadmaster Howard Hughes Car $1,620,000

1968

Shelby G.T.500E Convertible $550,800

2002

Cadillac LMP Racecar $270,000

1967

Chevrolet Corvette 427 / 435 Conv. $259,200

2005

Ford GT Coupe $248,400

2001

Lamborghini Diablo Nicolas Cage car $205,200

1954

Buick Skylark Convertible $189,000

1971

Dodge Challenger Hemi R/T $167,400

1967

Chevrolet Corvette 427/400 Convertible $167,400

1967

Aston Martin DB6 Coupe $162,000

1989

Lola T 8900 Indy racecar $153,900

1967

Shelby GT500 Fastback $153,360

1970

Plymouth Superbird 440/single-four barrel $153,360

1967

Chevrolet Corvette 427/435 Convertible $144,720

1967

Chevrolet Corvette 427 Convertible $142,560

1967

Shelby GT500E Fastback $137,700

1967

Chevrolet Corvette 427/435 Convertible $135,000

1967

Chevrolet Chevelle SS 396 Convertible $132,300

1967

Chevrolet Corvette 427/400 Convertible $127,440

1937

Ford Roadster Street Rod $118,800

     *Includes buyer’s premium