“Risky Business” Porsche 928 Fetches $1.98M at Inaugural Barrett-Jackson Houston Auction

Photo: Barrett-Jackson

Strong prices for collectible vehicles combined with a tremendous turnout combined to turn Barrett-Jackson’s Inaugural Houston Auction at NRG Center September 16-18 a huge success.

Rising demand for American-made Resto-Mods, quality customs and vehicles with celebrity provenance combined to pull in a cool $37.5 million in total sales, the auction headlined by a 1979 Porsche 928 driven by Tom Cruise in the film “Risky Business” that sold for $1.98 million — a new world record for any Porsche 928 from any year.

Photo: Barrett-Jackson

Barrett-Jackson’s first auction in the Lone Star State featured a 100-percent No Reserve docket with nearly 500 collectible vehicles selling for more than $35.4 million, while the Automobilia Auction featured 279 pieces that sold for over $1 million.

On Saturday, a 1956 Chevrolet 150 sold to benefit charity for $425,000 and was immediately donated back, igniting a second round of bidding that raised an additional $400,000. Another $175,000 was donated, bringing the total raised from the sale of the Chevrolet 150 to $1 million benefiting Honor Flight.

To date, Barrett-Jackson has helped raise over $135 million for charity.

Click HERE to see the inaugural event’s recap video.

Photo: Barrett-Jackson

“We rocked the house in Houston and delivered the kind of results expected from a state that likes to do everything bigger and better,” said Steve Davis, president of Barrett-Jackson. “Our 100-percent No Reserve docket reinforced the demand for American-built Resto-Mods and quality customs; and the strong prices underscored the trust we’ve earned from our consignors and bidders.”

“This was a banner year filled with historic events made up of over 200 world-record auction sales that are forever etched into automotive history,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “Thanks to our sponsors, consignors, bidders and guests, our Inaugural Houston Auction was an extraordinary extension of this year’s success.’

The top ten vehicles sold during the Inaugural Houston Auction included:

– 1979 Porsche 928 “Risky Business” Movie Car – $1.98 million
– 2019 Ford GT Lightweight – $1,199,000
– 2019 Ford GT – $1,001,000
– 1966 Shelby GT350 Sir Stirling Moss Race Car – $495,000
– 2006 Ford GT – $440,000
– 2006 Ford GT – $440,000
– 2005 Ford GT – $412,500
– 1963 Chevrolet Corvette Split-Window Custom Coupe – $396,000
– 1967 Ford Mustang Eleanor Tribute Edition – $357,500
– 1967 Ford Mustang Eleanor Tribute Edition – $330,000
– 1962 Chevrolet Corvette Custom – $330,000
– 1956 Ford F-100 Big-Window Custom Pickup – $275,000

On Friday, Craig Jackson was joined by Aaron Shelby, grandson of Carroll Shelby and Board Member of Carroll Shelby International for the historic presentation of the 1967 Ford Shelby GT500 Experimental (EXP500) “Little Red” and the only Shelby GT500 convertible built that same year, marking the first time in history that these two vehicles were shown together in public. Click HERE to watch “Little Red Returns.”

Consignments are open for the 2022 Scottsdale Auction, January 22-30. For more information on all Barrett-Jackson auctions, click HERE.