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Price is FIRM!
RECORD SET AT
BARRETT-JACKSON AUCTION WITH $3 MILLION WINNING BID
A 1954 Oldsmobile F-88 grabbed an all-time
record at the Barrett-Jackson Collector Car Auction with a
winning bid of US$3,240,000, including bidders fees. The
General Motors concept car lasted through a fierce bidding war to
become the highest selling car ever at the Barrett-Jackson
auction, besting a 15-year record of $2 million given for a 1932
Hispano-Suiza J12 Binder.
Designed by Harley J. Earl, the 324 c.i.d.
V8 propelled the gorgeous machine through its 4-speed Hydra-Matic
transmission with 250 horsepower. Roughly the same size as a
Corvette and sporting a fiberglass body, the F-88 is considered
by many to be the epitome of automotive forward-thinking of the
1950s with its open top and lightweight structure.
While most of its brethren were
destroyed after their debuts at GMs Motorama shows, the
gold-toned Olds survived this fate to become one of the most
historically significant vehicles of its era, said Craig
Jackson, president and CEO of the Barrett-Jackson Collector Car
Auction. Many automobile historians consider the roadster
to be one of the greatest expressions of automotive design to
ever come from North America. The winning bidder fended off
strong attacks from his competition to become the proud owner of
this one-of-a-kind beauty and step into the pages of Barrett-Jackson
Auction history himself.
The Barrett-Jackson Auction, presented by
Dodge-Chrysler-Jeep, is being aired on the SPEED Channel Network
live, and will consist of 24-hours of prime time coverage. This
years banner event includes 900 quality collector cars
offered at no reserve. More information, including updated
auction results, can be found at www.barret-jackson.com.