It’s been called his “bad luck car,” and certainly, singer Justin Bieber had good reason to put his Ferrari 458 on the Barrett-Jackson Auction block over the weekend. But the car that was slammed by a paparazzi driving on an L.A. freeway and then involved in another incident in which a photographer was killed, ultimately delivered him some good luck, commanding a winning bid of $434,500.
The Canadian celebrity was just one of many sellers celebrating the end of the annual Barrett-Jackson event, the first big classic car auction of the new year. About 1,700 cars went across the block during the week-long annual event in Scottsdale, the tony suburb of Phoenix, only a handful failing to sell.
And the Barrett-Jackson, the original event, wasn’t the only one delivering solid numbers. In recent years, a number of other auctions have set up tents nearby. By Saturday evening, the various Arizona events had already generated $251 million in sales, surpassing the full week’s results from 2016, according to tracking by Hagerty Insurance, a specialist in classic cars. Another 100 cars auctioned off on Sunday, closed the event with a solid record. (more…)