Market Intelligence
Barrett & Jackson confirms it: the USA is recovering. For real
The article reports on the recent success of the Barrett-Jackson car auction held in Scottsdale, Arizona in March 2021. Despite the COVID-19 pandemic, all 952 cars on sale were sold for a total of $100 million, with an average price per car of $105,130. The auction hall was crowded with people, offering hope for a return to normalcy. The author highlights some of the standout cars sold, including a Shelby Cobra Super Snake, a 1993 Mitsubishi Minica, a 1995 Chevrolet Camaro, and a 1965 Volkswagen Beetle Convertible with an electric motor and Tesla battery pack. The article also mentions a kit created by TV presenter and mechanic Ant Anstead for a replica of the famous 1938 Alfa Romeo 158 that sold for $110,000.
20th January 2020: in a press conference with the whole world watching, the National Health Commission of the People’s Republic of China confirmed what many were dreading: Covid-19 is indeed transmitted from person to person. Barely 3 days later, Wuhan was placed under lockdown. Just 24 hours before this infamous 20th January, Barrett-Jackson’s best auction in Scottsdale ever came to an end: 1929 cars sold and $137.3 million in takings.
20th March 2021: After a two-month delay, Barrett-Jackson’s auction commenced in Scottsdale. Half the planet is still under lockdown across every nation but 100 million Americans have already been vaccinated.
