The 40th annual Barrett-Jackson auction in Scottsdale, Arizona, USA sold 21 vehicles recently to benefit charities. The sales, on which the auction company waives all consignment and bidder fees, raised nearly $4 million to be distributed among 20 charities.
“Due to the generosity of our consignors and bidders, Barrett-Jackson has helped raise more than $31 million for charities over the past five years,” said chairman and chief executive Craig Jackson. “It’s a tradition that our customers have wholeheartedly supported. Charity is part of the Barrett-Jackson culture and we look forward to continuing this tradition throughout our year-long 40th anniversary celebration.”
Bidders for the charity items often bid above a vehicle’s value when they know the money is going to charity. For example, a one-of-a-kind 2012 Ford Boss Mustang Laguna Seca coupe brought $450,000 for the Juvenile Diabetes Research Foundation and a 2011 Chevrolet Camaro convertible Indy pace car raised $225,000 for the David Foster Foundation.
