Need For Speed Mustang Sold
$300,000 for Charity
Larry Jewett - April 16, 2014 10:11 AM
The Mustang featured in "Need For Speed" brought $300,000 at the Barrett-Jackson Palm Beach auction.Ford Motor Company
No matter which way you like to look at it, the 2014 Barrett-Jackson auction in Palm Beach, Florida was a success. Officials announced the strongest sales results in the history of its auctions at this venue. There were 509 cars sold, resulting in $25 million in gross sales. Consignments reached a new high, the caliber of vehicles in South Florida was unprecedented and the average price per car grew significantly. In addition, the benefit to national and local charitable organizations was significant, including the sale of an iconic Mustang.
“Each year, Palm Beach continues to expand its impact, bringing better cars, more fans and growth. We have enjoyed the years here and this year was a stellar showing, which continues the explosive start we had in Scottsdale,” said Craig Jackson, Chairman and CEO of Barrett-Jackson. “This week, we had great entertainment, saw some incredible cars and sold seven special vehicles with all proceeds benefitting the designated charities. We have a strong partnership with Palm Beach and the South Florida Fairgrounds and this week demonstrated that relationship.”
“The cars we saw in Palm Beach were unlike any previous year. These cars we are now seeing are truly unique,” said Steve Davis, President of Barrett-Jackson. “Through the years, coming to the Fairgrounds, we have seen glimpses of how Palm Beach would grow and evolve. This auction weekend was another example of this special market.”
For charity, more than $2.35 million was raised over the three-day auction. Ford sold the 2013 Ford Mustang Fastback, which appeared in “Need for Speed” for $300,000. A 1968 Shelby G.T. 500 convertible was among the overall top 10 sellers with a hammer price of $165,000.