Barrett-Jackson to Bring Premier Collector Car Auction to Las Vegas in 2008

LAS VEGAS - October 30, 2007: The Barrett-Jackson Auction Company announced today that they will bring their renowned collector car extravaganza to the city of Las Vegas in 2008. The world-famous event will take place October 16-18, 2008, at the Mandalay Bay Events Center where spectacular autos, from vintage muscle cars to pre-war classic gems, will share the stage with luxurious lifestyle vendors and exclusive parties.

“Las Vegas as a city mirrors the dynamic atmosphere of a Barrett-Jackson event,” said Craig Jackson, Chairman/CEO of Barrett-Jackson. “We believe the two are an ideal match and we intend to become a significant part of the city’s landscape in the coming years.”

“Barrett-Jackson represents the gold standard in classic car auctions by providing an exhilarating mix of vintage vehicles, high-energy crowds and thrilling bidding wars,” said Mandalay Bay President and COO Bill Hornbuckle. “The energy and excitement of Mandalay Bay and Las Vegas will provide the perfect complement to this highly anticipated event.”

Barrett-Jackson has been producing “The World’s Greatest Collector Car Events™” since 1971 in Scottsdale, Ariz., with an auction in Palm Beach, Fla., launching in 2002. In 2007, more than 300,000 attendees and millions of television viewers from around the world witnessed over 1,870 cars being auctioned off for approximately $144 million in these two events combined.

Beyond the auction, the three-day event will encompass a wide range of lifestyle offerings, including an automobilia auction, a vast display from auto vendors, The Garage venue for live music and fashion shows and a grand gala with a significant charity component benefiting the Lili Claire Foundation. The Lili Claire Foundation was established to enhance the lives of children living with Williams Syndrome, Down Syndrome, Autism and other neurogenetic disorders, while providing hope and resources for the families who love them.

“Auto collecting continues to grow at an amazing pace,” said Steve Davis, president of Barrett-Jackson. “Adding the Las Vegas auction allows an even greater audience to participate in the Barrett-Jackson experience, with the added excitement of Las Vegas as a backdrop.”

About Mandalay Bay

Mandalay Bay Resort & Casino, a AAA Four Diamond Award-winning destination resort, is set on 60 lush acres and offers 3,644 rooms and suites including 424 accommodations managed by Four Seasons Hotels and Resorts. Mandalay Beach, an 11-acre tropical pool environment, features real California sand, a wave pool and lazy river. The property also features the 12,000-seat Mandalay Bay Events Center, award-winning restaurants, Shark Reef and the 1.5-million-square-foot Mandalay Bay Convention Center – the largest convention center on the Las Vegas Strip. Mandalay Bay’s brands include THEhotel, an all-suite hotel which features 1,117 luxurious one-bedroom suites and the BATHHOUSE Spa, and Mandalay Place, a collection of 41 unique boutiques and restaurants. Mandalay Bay is a wholly owned subsidiary of MGM MIRAGE™. For more information and reservations, visit the web site at www.mandalaybay.com, or call toll free at (877) 632-7000.