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The Kruse family is also noted for conducting the $41 million sale of the famous William F. Harrah automotive collection. The sale of this 1,000-car collection was spread over three auction sessions in 1985, 1986 and 1987. The company was sold to ITT in 1981, but the family bought it back in 1986.
In 1971, the Auburn Chamber of Commerce needed fundraising for their annual classic-car show. Kruse suggested auctioning off some of the antique cars. When a bidder's $61,000 bid for a locally-made Duesenberg was turned down, the press picked up the story, and his fame as a car auctioneer took off. He started the Kruse Auction Institute in 1972 ...
The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
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Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of unsold classics from the 1950s and 1960s. ... the classic-car insurance company ...
Jackson added vendors and live entertainment to the auction events. Barrett-Jackson saw increased popularity when the Speedvision network, later Speed Channel, began broadcasting the auctions in 1996. It was the first collector car auction to be televised, and coverage has since continued across several channels.
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