The global economic slowdown seems an unlikely backdrop for a £29m bonanza, but that's exactly what happened at the recent Mandalay Bay (Las Vegas) sale for Barrett-Jackson, where over 500 cars were auctioned off.
Star of the show was a 1949 MG TC that was Carroll Shelby’s first road race car. Over 50,000 people attended the automotive auction and lifestyle event, which was broadcast live in high-definition on SPEED TV.
Bidding was intense for the MG, reaching six figures within seconds of the opening offer. The $313,500 paid for the MG set a new world record. Shelby piloted the British speedster to a surprise victory in a road race in Norman, Okla., in 1952, a win that set the stage for his prolific career; 10% of the MG’s winning bid was donated to one of Mr. Shelby’s charities.
Star of the show was a 1949 MG TC that was Carroll Shelby’s first road race car. Over 50,000 people attended the automotive auction and lifestyle event, which was broadcast live in high-definition on SPEED TV.
Bidding was intense for the MG, reaching six figures within seconds of the opening offer. The $313,500 paid for the MG set a new world record. Shelby piloted the British speedster to a surprise victory in a road race in Norman, Okla., in 1952, a win that set the stage for his prolific career; 10% of the MG’s winning bid was donated to one of Mr. Shelby’s charities.
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