Barrett-Jackson 2005 Palm Beach Auction Sales Skyrocket to $22 Million

SCOTTSDALE, Ariz.--April 6, 2005--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 1 - 3, 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.

About Barrett-Jackson

Established in 1971 and headquartered in Scottsdale, Ariz., Barrett-Jackson specializes in providing products and services to classic and collector car owners, astute collectors and automotive enthusiasts around the world. The company produces the "World's Greatest Classic Car Auction" in Scottsdale, Ariz., and has expanded to other venues that include Palm Beach, Fla. and Southern Calif. For more information about Barrett-Jackson, visit www.barrett-jackson.com or call 480-421-6694. Editor's Note: Top 20 cars sold list below

                        Palm Beach 2005 Auction
                            Top 20 Sales(1)

Lot # Year  Make         Model                              Sale Price
378   1953  Buick        Roadmaster  Howard Hughes Car     $1,620,000
375   1968  Shelby       G.T.500E    Convertible             $550,800
374   2002  Cadillac     LMP         Racecar                 $270,000
383   1967  Chevrolet    Corvette    427/435 Conv.           $259,200
376   2005  Ford         GT          Coupe                   $248,400
377   2001  Lamborghini  Diablo      Nicolas Cage car        $205,200
373   1954  Buick        Skylark     Convertible             $189,000
379   1971  Dodge        Challenger  Hemi R/T                $167,400
385   1967  Chevrolet    Corvette    427/400 Convertible     $167,400
363   1967  Aston Martin DB6         Coupe                   $162,000
374.2 1989  Lola         T 8900      Indy racecar            $153,900
359   1967  Shelby       GT500       Fastback                $153,360
345   1970  Plymouth     Superbird   440/single-four barrel  $153,360
677   1967  Chevrolet    Corvette    427/435 Convertible     $144,720
662.1 1967  Chevrolet    Corvette    427 Convertible         $142,560
386   1967  Shelby       GT500E      Fastback                $137,700
400   1967  Chevrolet    Corvette    427/435 Convertible     $135,000
396   1967  Chevrolet    Chevelle SS 396 Convertible         $132,300
358   1967  Chevrolet    Corvette    427/400 Convertible     $127,440
356   1937  Ford         Roadster    Street Rod              $118,800

(1) Includes buyer's premium