Barrett-Jackson Auction Sets Records In Palm Beach
Barrett-Jackson, The World’s Greatest Collector Car Auctions, was a star-studded event, featuring celebrity, record attendance, record auction sales and the largest number of registered bidders for any Palm Beach auction. Three impressive collections were sold at the 16th annual auction, highlighted by renowned collector and philanthropist John Staluppi’s highly coveted Cars of Dreams vehicles, which all sold at No Reserve.
Celebrities who flocked to the four-day auction included Jimmy De Martini, fiddler with the Zac Brown Band, as well as Hollywood icon Burt Reynolds, who greeted fans, signed autographs and encouraged bidding on the block for three Pontiac Trans Ams. Other celebrity guests included actor Alfie Wise, North Carolina Panthers head coach Ron Rivera, NASCAR legend Rick Hendrick and former NFL wide receiver Reggie Wayne.
In total, 692 vehicles sold, nearly all at No Reserve, for more than $38.3 million, while 380 pieces of automobilia brought in over $702,000, and $450,000 was raised through the sale of charity vehicles, bringing the total auction sales to more than $39.4 million. This year’s auction also attracted more than 700 new bidders, a new record for Palm Beach. In addition, there was an impressive showing from the international community, including vehicle consignments from Brazil and Italy.
“Our guests have made the Palm Beach Auction such an electrifying event year after year,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “We were especially honored to be trusted to auction three incredible collections, including the ‘Cars of Dreams’ owned by our good friends Jeanette and John Staluppi. Their 145 vehicles, which all sold at No Reserve, represented some of the finest examples of ’50s, ’60s and ’70sera American cars. It was a pleasure working alongside John and Jeanette to find new homes for the vehicles in his remarkable collection, and we so appreciate their philanthropic support of our charity efforts over the years.”
At the beginning of the week, Barrett- Jackson kicked off its 16th Annual Palm Beach Auction with a special parade featuring vehicles from John Staluppi’s Cars of Dreams Collection. During the four-day auction, 145 vehicles from the collection sold for $13.96 million. Automobilia sales during this year’s event were among the best recorded to date in Palm Beach, with restored gas pumps and porcelain neon signs among the most sought-after pieces.
For the second time, famed automobile collector John Staluppi is selling most of his automobile collection so he can start all over again.
Among all collectors of rare objects, whether they collect vintage wines, hand-crafted watches or fine crystals, the common characteristic is unwavering passion. Philanthropist and entrepreneur John Staluppi, owner of one of the most admired and notable classic car collections in the United States, is no exception.
Staluppi’s Cars of Dreams Collection will be a featured auction item of Barrett-Jackson, the leader in collector car and automotive events, at the 16th Annual Palm Beach Auction, April 12–15 at the South Florida Fairgrounds. Staluppi’s collection features approximately 140 classic American cars — predominantly convertibles — from the ’50s, ’60s and ’70s. This collection is recognized for the quality of the cars and for the meticulous care each of these beauties has received. So why exactly is Staluppi putting them up for auction? Dolce put the question to him in a recent interview.
“It’s all about ‘the find’ with me,” says Staluppi. “I’m all about finding the cars, buying the cars and collecting the cars. I’m not a long-range holder on anything. Even in the stock market, when I feel like selling — winning or losing, I’m selling. I enjoy finding the cars, bidding on the cars, buying the cars and working on the cars.”
This might sound like a surprising philosophy, but Staluppi can’t be wrong. After all, from his start as a gas station mechanic in Brooklyn, New York, he has built a billion-dollar automotive dealership empire that employs more than 3,000 people.
“Even though my family were electrical contractors, I had no interest in putting my hand in a plug and getting a shock,” recalls Staluppi. “I always loved cars and I was a very good mechanic, and always wanted to open my own shop. So my family took out a mortgage on the home and helped me open my first gas station. That’s how I progressed.”
“I’M ALL ABOUT FINDING THE CARS, BUYING THE CARS AND COLLECTING THE CARS”
Inside every one of Staluppi’s car dealerships is a sign that summarizes his outlook on his business and toward his customers. It reads, “Every visitor to our dealership is an honoured guest in our home.”
“Car dealerships can be very intimidating environments for most people, as you’re walking in to buy an expensive item — probably the second-most expensive item, next to a home,” says Staluppi. “We want people to be relaxed. My guys do not say, ‘Can I help you?’ They say, ‘Good afternoon, how are you? My name is John, what’s yours?’ This makes people feel a little bit more comfortable. So that’s why we have that sign: so the customer knows how we want to treat people.”
Staluppi has been a car collector for decades. A few of the crown jewels in the Cars of Dreams Collection are a ’58 Dual Ghia Convertible; a ’69 Chevrolet Camero RS/SS Indy Pace Car; a ’65 Chevrolet Corvette Stingray Convertible; and a ’63 Volkswagen Beetle, one of the cars used in several of the iconic Herbie the Love Bug films by Walt Disney.
CHEVROLET CORVETTES RAISE $2.325 MILLION AT BARRETT-JACKSON TO BENEFIT MILITARY VETERANS
GM and Chevrolet offered two first retail production Corvette models for auction at Barrett-Jackson today raising a total of $2.325 million to benefit military veterans.
First up on the auction block was the Corvette Carbon 65 Edition coupe signed by President George W. Bush was bought by John Staluppi, owner of Atlantic Automotive Group, for $1.4 million. The proceeds will benefit the Bush Center’s Military Service Initiative. The primary goal of the Military Service Initiative is to ensure post-9/11 veterans and their families make successful transitions to civilian life with a focus on gaining meaningful employment and overcoming the invisible wounds of war.
With his James Bond themed yachts, groundbreaking designs and larger than life personality, John Staluppi is one of our industry’s most recognisable figures. Staluppi, who expects his latest yacht, the 69m Spectre, to be delivered by Benetti in May 2018. Staluppi described his 57m Skyfall as his “interim” boat, when he met Felix Sowerbutts earlier this year at the Palm Beach Boat Show. Read Full Article
"Five charity cars raised the roof as they sold for a total of $515,000 (with an additional $10,000 donation by Michelle Mauzy and family), bringing Barrett-Jackson close to the $94 million mark in total funds raised for non-profits to date. A highlight was a ’96 Ford Mustang (Lot #3001) built by students at the Jordan Vocational High School in Georgia. Entrepreneur and collector car magnate John Staluppi and his wife Jeanette purchased it for $50,000.
“In an ultimate show of generosity, John and Jeanette announced they would re-auction the Mustang at our Northeast Auction to spur additional donations for the Jordan students,” said Jackson. “We’re grateful for their kindness and that of our other bidders who purchased charity vehicles."
Vocational education in high school helped shape Staluppi’s future, Harris said. “That was near and dear to his heart, because he saw how much value it had in his life.”
Staluppi, according to his online biography, “is a walking, talking embodiment of the American dream. Starting out as a gas station mechanic in Brooklyn, Staluppi built a billion-dollar business of car dealerships before turning his hand to creating some of the most iconic superyachts ever built.” He also established a vintage automobile museum, Cars of Dreams, which Team Red Jacket toured in North Palm Beach. Fla.
The bidding for Team Red Jacket’s car started at $10,000 and quickly quintupled, zooming past the auction’s $9,000 record for a student-restored car, Harris said he was told.
“We were excited and happy and emotional all at the same time,” Breanna said. “Most of us didn’t even think it would go past $18,000 or $20,000, but then it just kept going up.”
“Barrett-Jackson continues to lead the collector car community in supporting veterans, youth programs, medical research and countless other worthy causes,” said Steve Davis, president of Barrett-Jackson. “Our history of helping runs deep in our company’s DNA and it’s such a rewarding experience to share the stage with many of the individuals that our charity vehicles benefit. Having a true hero like retired Navy SEAL Marcus Luttrell on the block to support the Lone Survivor Foundation was one of the more inspirational moments we’ve experienced during a charity auction.” http://www.barrett-jackson.com/