Broad Arrow Auctions has released the complete digital catalog for its upcoming inaugural Chattanooga Auction, set for 12 October 2024 at the Chattanooga Convention Center in Tennessee and we have it here for you to drool over (see below).
Among the 90+ collector cars on offer at the single-day sale are no less than 15 variations of the 911 model, including such rarities as the 1984 Porsche 911 SC RS Gruppe B “Evolutionsserie”, the vertible “missing link” in any Carrera RS collection.
Friday, October 11 9:00 am – 5:00 pm ET Saturday, October 12 9:00 am – 1:00 pm ETAuction Saturday, October 12 1:00 pm ET
A global online marketplace founded by a British car dealer has just broken the online-only world record for a car auction, selling a McLaren P1 for an incredible $1,600,888 usd or $2,010,851 cad .
No other online-only platform for collectible cars has ever achieved a higher sales price.
Unlike traditional auctions, where cars are transported to a central location and bidders attend in person, Collecting Cars has disrupted the industry with an online-only format that has already notched up multiple world records. Cars stay with their owners, and more than 90% of sales happen without a physical viewing. This is made possible by the technology and knowledge behind the platform, which gives bidders a ‘virtual viewing’ of the car in question; supported by more than 150 photos and comprehensive detail on its features and maintenance history.
Bids entered during the online-only auction are legally binding, and Collecting Cars levies a low buyer’s premium of just 5% (+ VAT for UK buyers), which is substantially lower than traditional auction houses that typically charge 12% or more. Furthermore, the buyer’s premium is capped at £5,000 / $5,000 (+ VAT if applicable). On hammer prices above £1m, this means that the buyer’s premium is 0.6% or less.
The world-record car in question was a McLaren P1, one of just 375 examples built, and with only 433 miles from new. Motortrend.com: “The twin-turbocharged hybrid V-8 engine develops 903 horsepower and will launch to 62 mph in under 3 seconds. It’s made of exotic materials like carbon fiber and titanium.”
An original US-market vehicle; it was collected from the McLaren factory in the UK by its first and only owner. The car had also covered less than 100 miles since its most recent maintenance, which also included full checks of all electrical and battery equipment, at a total cost of more than $7,000 usd.
The Founder and CEO of Collecting Cars, Edward Lovett, said: “For around 60 years, car auctions have traditionally charged substantial commissions and premiums, often taking more than 15% out of the total value of the deal. We knew there was a better approach, and we have developed a world-class online marketplace for sellers and buyers without the unnecessary overheads, which is breaking records.
“This result shows the game-changing power Collecting Cars now wields in the global market, with online-only auctions that are cost-free and hassle-free for the seller, and which represent outstanding value for the buyer. In this case, the buyer’s premium for the winning bidder was just 0.3%.”
The company, which has sold over 4,700 lots since launch, was founded by British car dealer Edward Lovett in 2019.
Lovett was born into the family car business, and in more recent years has provided a private brokerage service, finding homes for some of the most sought-after collector cars in the world. Drawing on his significant experience, he saw the opportunity to develop a dedicated online-only platform for iconic, collectible and sporting cars.
This P1 is a daily driver for renowned Tokyo Lawyer Hiramatsu.
As well as its very low premium for buyers, Collecting Cars offers significantly better value for sellers. The detailed photographic presentation and professional descriptions mean their car is showcased in the best possible way, and it is marketed to a huge captive audience of passionate enthusiasts. Furthermore, there is no listing fee, and they receive 100% of the hammer price.For the Silo, Jules Tipler.
About Collecting Cars:
Collecting Cars is an online auction platform that curates consignments from around the world and markets them to a global audience. The streamlined and transparent process makes buying and selling cars, motorbikes, and automobilia via its online auctions one of the most effective and hassle-free ways of transacting.
To date, the Collecting Cars platform has sold more than 4,700 lots, and total sales value generated for sellers exceeds £170 million or $2,864,53718 cad . It also has more than 50,000 registered users around the world. The multi-national auction company has headquarters in London, and offices in Munich, Sydney, and Los Angeles.
More than 90% of sales since launch have happened without a physical viewing, underscoring the significant trust that Collecting Cars has earned among its customers.
SCOTTSDALE, Ariz. – Barrett-Jackson is revving up for the automotive event of 2022 when it returns to WestWorld of Scottsdale, January 22-30, to celebrate 50 years of The World’s Greatest Collector Car Auctions.
The annual Scottsdale Auction has hosted some of the most electrifying moments in collector car history over the last five decades.
January’s Scottsdale Auction will both celebrate those milestones and deliver an action-packed automotive lifestyle event filled with an incredible collector car docket, the latest vehicles from top automakers, symposiums on a variety of automotive-related topics, and hundreds of exhibits and displays. Among the collector cars set to cross the block with No Reserve is an extremely rare 2015 Porsche 918 Spyder, one of only 918 of the hybrid hypercars produced worldwide.
“We’re preparing to host the world’s most exciting automotive lifestyle event in January to celebrate 50 years of ‘The World’s Greatest Collector Car Auctions,'” said Craig Jackson, chairman and CEO of Barrett-Jackson. “When my father Russ and his business partner, Tom Barrett, set out to raise money for the Scottsdale library with a local car show, they had no idea the impact they would have on the collector hobby over the next five decades. We’re proud of our heritage and the role we’ve played in the collector car hobby over the last half-century, and we can’t wait to continue this legacy in 2022, beginning with our flagship Scottsdale Auction.”
The 2015 Porsche 918 Spyder set to cross the block in January is considered to be among the “Holy Trinity” of hypercars and is one of the final 918s delivered that year.
Painted in white with a red leather interior, it’s powered by a naturally aspirated 4.6-liter V8 engine paired to Porsche’s 7-speed PDK dual-clutch transmission. Capable of 0-60 in 2.2 seconds, the 918 produces 887 horsepower with 282 horsepower coming from two electric motors. It has a carbon-fiber monocoque chassis, rides on Magnesium wheels and has just over 300 actual miles.
Another highly anticipated vehicle is the ultimate Pro-Touring muscle car: a 1967 Ford Mustang Eleanor Tribute Edition owned by seven-time Major League Baseball All Star and three-time World Series champion Buster Posey. Capable of producing 828 horsepower routed to the rear wheels through a 4-speed automatic Bowler Performance Transmission, this Mustang features custom parts, modern technology and design throughout. Selling with No Reserve, this vehicle comes with several items adding to its provenance, including an Eleanor Tribute Edition Certificate of Authenticity, a box full of memorabilia and the build appraisal book with receipts and images.
“We’re going to kick off 2022 with one of our greatest events to date filled with prized collectible vehicles that are destined to be remembered,” said Steve Davis, president of Barrett-Jackson.
“Over the years we’ve built a collector car family that is truly the heart of this hobby. I can’t think of a better way to speed into our next 50 years than with an amazing celebration this January.”
In addition to rare hypercars and customs, Barrett-Jackson’s diverse Scottsdale docket will include a 1965 Shelby Cobra 427 Super Snake that is one of only three continuation Super Snakes authorized by Shelby. Also selling with No Reserve, this one-owner car, CSX4404, is powered by a 427ci V8 engine with twin Paxton superchargers mated to a 4-speed manual transmission. This Cobra comes complete with its Build Sheet and the original Shelby Automobiles, Inc., MSO signed by Carroll himself, as well as his signature on the dashboard.
About The Barrett-Jackson Auction Company
Established in 1971 and headquartered in Scottsdale, Arizona, Barrett-Jackson, The World’s Greatest Collector Car Auctions, is the leader in collector car auctions and automotive lifestyle events, which include authentic automobilia auctions and the sale of private collections. Welcoming over 500,000 attendees per year, Barrett-Jackson produces live collector car auctions in Scottsdale, Arizona; Palm Beach, Florida; Las Vegas, Nevada and Houston, Texas where thousands of the most sought-after, unique and valuable automobiles cross the block in front of a global audience. With broadcast partner A+E Networks, Barrett-Jackson features live television coverage of their events on FYI and The HISTORY Channel, as well as all the cars, all the time via their produced livestream on Barrett-Jackson.com. Barrett-Jackson also endorses a one-of-a-kind collector car insurance for collector vehicles and other valued belongings.
