Porsche 928 Driven By Tom Cruise In Film “Risky Business” Sells For $1.98M

Barrett-Jackson, The World’s Greatest Collector Car Auctions, continued at full throttle during the Inaugural Houston Auction at NRG Center in Houston, Texas, September 16-18, 2021, with $37.5 million in total sales, according to a Business Wire report.

Photo Insert: The 1979 Porsche 928 (Lot#749) driven by Tom Cruise in the film “Risky Business” sold for $1.98 million, a world record auction sale of any Porsche 928 from any year.

Strong prices for collectible vehicles combined with tremendous turnout led to many world auction records and rising demand for American-made Resto-Mods, quality customs, and vehicles with celebrity provenance.

On Saturday, the auction arena was electric when a stellar group of vehicles crossed the block led by a 1979 Porsche 928 (Lot#749) driven by Tom Cruise in the film “Risky Business” that sold for $1.98 million, becoming the world record auction sale of any Porsche 928 from any year.

Barrett-Jackson’s first auction in the Lone Star State featured a 100-percent No Reserve docket with nearly 500 collectible vehicles that sold for more than $35.4 million. The Automobilia Auction featured 279 pieces that sold for over $1 million, marking the most successful non-Scottsdale Automobilia Auction in the company’s history. Barrett-Jackson also continued to trailblaze with the auction of two NFTs, which brought in a combined $14,000.

On Saturday, Lot #3000, 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.

Barrett-Jackson’s Inaugural Houston Auction total sales reached over $37.5 million with a 100-percent sell-through rate and 34 world-record auction sales, surpassing over 200 world records in 2021.

“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. We’re far more than a car auction; we’re an immersive automotive experience with exhibitors, thrill rides, and activities that rivals any event. We can’t wait for our January 2022 Scottsdale Auction, when we’ll celebrate everything we’ve accomplished over our 50-year history, in true Barrett-Jackson fashion.”

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