Barrett-Jackson Adds a Fourth Day to Las Vegas Auction

The Barrett-Jackson Auction Company announced today that its second annual Las Vegas event, taking place Oct. 7-10, 2009, at the Mandalay Bay Resort and Casino on Las Vegas Blvd. will be extended to four days as a result of the overwhelming participation to their 2008 Las Vegas event.

Last year the Barrett-Jackson three day inaugural auction saw over 50,000 guests and sold 533 cars for over 29 million dollars.

Each day the bidding got underway at the Mandalay Bay Resort, Casino and Event Center at 11:30am and continued until 8:00am the next morning. That means on average, one car sold every 7.5 minutes for $54,000.

With that type of success in the midst of a declining stock market, we can see why they want an extra day for this year.

Also, Barrett-Jackson claimed that fifty percent of registered bidders were first timers regarding their October, 2008 auction. That’s a compelling argument pointing to, despite a poor economy, the buying and selling of collector cars still remains relatively strong.

Photo - Michele Hamer