Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Late actor Paul Walker's vehicles garner $2.33 million at Arizona auction

Published 01/18/2020, 10:17 PM
Updated 01/18/2020, 10:21 PM
Late actor Paul Walker's vehicles garner $2.33 million at Arizona auction

By David Schwartz

PHOENIX (Reuters) - Twenty-one vehicles owned by the late actor Paul Walker, who starred in the popular "Fast and Furious" movie franchise, sold for a combined $2.33 million during spirited bidding at an annual car auction in Arizona, officials said.

The collection assembled by Walker posted strong results at the week-long Barrett-Jackson auction in Scottsdale, with an Alpine White 1995 BMW M3 Lightweight fetching the top single price of $385,000 in the final day of sales on Saturday. It was one of five such BMW lightweights, of which 126 were produced, sold at the auction.  

Walker, an avid car enthusiast, was a passenger in a 2005 Porsche Carrera GT driven by Roger Rodas when the vehicle careened into trees and a utility pole in Santa Clarita, northwest of Los Angeles, killing both men in November 2013. Walker was 40. Excessive speed was cited as the cause.

"People were clearly paying a premium for his cars," said Jonathan Klinger, a spokesman for Michigan-based classic car insurer Hagerty. "With these prices, the late actor appears to be poised to become the next Paul Newman of celebrity car collectors."

Klinger said star power does not always generate high bids, but Walker's combination of celebrity and passion for cars made the vehicles must-haves for some collectors.

Eighteen vehicles and three motorcycles owned by Walker that spanned five decades crossed the block before the hammer came down for the final time.

Among the crowd favorites were a custom 2009 Nissan 370Z, which made an appearance in the "Fast Five" movie. The low-mileage vehicle sold on Thursday for $105,600, the most expensive price paid for a 370Z at auction.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

A never-raced 2013 Ford Boss 302S race car given to Walker as a gift by another car buff and put into storage sold for $95,700 on Saturday, auction officials said.

The vehicles were put up for bids with no minimum asking price and sales figures include a buyer's commission.

Proceeds from the sale will go to a trust for Walker's daughter, Meadow. She manages the late actor's foundation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.