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September 25, 2022

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New York company taking over auction firm with Las Vegas stake

Supercar Therapy: Driven Project

Steve Marcus

Janel Rios, 11, and driver Austin Hauge pose in front of a Lamborghini Huracan Spyder on the auction stage as Barrett-Jackson kicks off its 2022 Las Vegas Auction by partnering with the Driven Project, which provides supercar therapy for children battling critical illnesses, at the West Hall of the Las Vegas Convention Center Thursday, June 30, 2022.

A New York-based sports and entertainment events company has purchased a majority stake in Barrett-Jackson, a collector car auction company with a major presence in Las Vegas. 

IMG, a subsidiary of Endeavor Global Inc., will take a controlling interest in the auction and live events company, according to a Thursday news release. 

Barrett-Jackson, based in Scottsdale, Ariz., hosts a popular collector car auction in Las Vegas each year. 

This year’s show at the Las Vegas Convention Center, which was attended by thousands, wrapped up early last month. 

IMG puts on a number of sports and entertainment events each year, including the Miami Open tennis tournaments, and New York Fashion Week: The Shows. 

Ariel Emanuel, Endeavor’s CEO, said in a statement that IMG looks “forward to working to build on (Barrett-Jackson’s) impressive legacy across categories, including experiences, hospitality, content, marketing and partnerships.” 

In addition to Las Vegas, Barrett-Jackson hosts annual auctions in Arizona, Florida and Texas.