Barrett-Jackson Houston auction hits $37.5 million led by Cruise car

1979 Porsche 928 driven by Tom Cruise in "Risky Business"

(September 19, 2021) SCOTTSDALE, Ariz.  —  Barrett-Jackson continued at full throttle during the Inaugural Houston Auction at NRG Center in Houston, Texas, this past weekend, with $37.5 million in total sales. Strong prices for collectible vehicles combined with tremendous turnout led to many world auction records and a rising demand for American-made Resto-Mods, quality customs and vehicles with celebrity provenance.

On Saturday, the auction arena was electric when a stellar group of vehicles crossed the block led by a 1979 Porsche 928  driven by Tom Cruise in the film “Risky Business” that sold for $1.98 million, becoming the world record auction sale of any Porsche 928 from any year.

Barrett-Jackson’s first auction in the Lone Star State featured a 100-percent No Reserve docket with nearly 500 collectible vehicles that sold for more than $35.4 million. The Automobilia Auction featured 279 pieces that sold for over $1 million, marking the most successful non-Scottsdale Automobilia Auction in the company’s history. Barrett-Jackson also continued to trail blaze with the auction of two NFTs, which brought in a combined $14,000.

2019 Ford GT Lightweight

On Saturday, a 1956 Chevrolet 150 sold to benefit charity for $425,000 and was immediately donated back, igniting a second round of bidding that raised an additional $400,000. Another $175,000 was donated, bringing the total raised from the sale of the Chevrolet 150 to $1 million benefiting Honor Flight. To date, Barrett-Jackson has helped raise over $135 million for charity.

Barrett-Jackson’s Inaugural Houston Auction total sales reached over $37.5 million with a 100-percent sell-through rate and 34 world-record auction sales, surpassing over 200 world records in 2021.

"This was a banner year filled with historic events made up of over 200 world-record auction sales that are forever etched into automotive history,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “Thanks to our sponsors, consignors, bidders and guests, our Inaugural Houston Auction was an extraordinary extension of this year’s success.

"We’re far more than a car auction; we’re an immersive automotive experience with exhibitors, thrill rides and activities that rivals any event. We can’t wait for our January 2022 Scottsdale Auction, when we’ll celebrate everything we’ve accomplished over our 50-year history, in true Barrett-Jackson fashion.”

1966 Shelby GT350 Sterling Moss race car

The top 10 vehicles sold during the Inaugural Houston Auction included:

    1    1979 Porsche 928 “Risky Business” Movie Car  - $1.98 million
    2    2019 Ford GT Lightweight  - $1,199,000
    3    2019 Ford GT  - $1,001,000
    4    1966 Shelby GT350 Sir Stirling Moss Race Car - $495,000
    5    2006 Ford GT  - $440,000
    6    2006 Ford GT - $440,000
    7    2005 Ford GT – $412,500
    8    1963 Chevrolet Corvette Split-Window Custom Coupe  - $396,000
    9    1967 Ford Mustang Eleanor Tribute Edition  - $357,500
   10    1967 Ford Mustang Eleanor Tribute Edition - $330,000
   11    1962 Chevrolet Corvette Custom  - $330,000
   12    1956 Ford F-100 Big-Window Custom Pickup - $275,000

“We rocked the house in Houston and delivered the kind of results expected from a state that likes to do everything bigger and better,” said Steve Davis, president of Barrett-Jackson. “Our 100-percent No Reserve docket reinforced the demand for American-built Resto-Mods and quality customs, and the strong prices underscored the trust we’ve earned from our consignors and bidders. We’re bringing new collectors to the hobby with every auction with diverse dockets filled with vehicles that enthusiasts can relate to and enjoy. Join us in Scottsdale in January to celebrate this incredible journey we’re on.”