The 47th Annual Barrett-Jackson Scottsdale Auction took place January 21 at Westworld of Scottsdale in Arizona. Barrett-Jackson is known for its popular car auctions, and over 200,000 people were expected to attend the international, televised event. The U.S. Money Reserve sponsored the event and, as a result, attracted gold collectors. Learn more about US Money Reserve: https://www.thestreet.com/story/13961089/1/gold-stays-in-play-as-economic-and-political-uncertainty-persist.html and http://www.prnewswire.com/news-releases/us-money-reserve-featured-on-epns-enterprise-radio-300213820.html
The U.S. Money Reserve distributes gold, silver and platinum coins, and it is one of the largest, private distributors in the world. The reserve issues these coins as legal-tender to the U.S. and other foreign governments.
Owning precious metals is meant to provide wealth protection, and the reserve assists clients through the process of buying gold or silver coins. These coins are engraved with historical figures and seen as pieces of American history.
At the auction, visitors who wanted to see the U.S. Money Reserve’s collection were in the Salon; and members of the reserve were there to explain the benefits of owning gold and to answer any questions. Meanwhile, those who wanted to learn about the McLaren P1 GTR were given information about it. One out of 45 was manufactured, and it reaches a top speed of 225 mph. and travels 605 miles.
John Rothans, Chief Numismatist of the U.S. Money Reserve, was excited about the reserve being a sponsor of Barrett-Jackson because it is an industry leader of car auctions, and they are world-renown for hosting great events.
The Scottsdale Auction was the first of many auctions that will occur. Barrett-Jackson and the U.S. Reserve will have auctions in Palm Beach, Florida; Mohegan Sun, Connecticut; and Las Vegas, Nevada.
These events are known as the “The World’s Greatest Collector Car Auctions,” which showcases the world’s rarest cars to a national and international audience, in person and on TV. Due to being an industry leader, the Barrett-Jackson auctions serve as a gauge of what is occurring in the car collection industry.
Over the years, the Barrett-Jackson auctions have now become a celebration of automotive culture, instead of being solely about the auction itself. Craig Jackson, CEO of the company, discussed one way the Scottsdale Auction experience was improved.
He explained that they created a list, which spanned almost 100 years in automotive history, regarding the rarest and most sought-after cars; however, he went on to say that it is the activities and exhibits that make Barrett-Jackson the “ultimate automotive lifestyle event.”