Q:

How did the car collector, Ron Pratt, accumulate his collection?

A:

Quick Answer

Ron Pratte, a wealthy businessman, acquired many of his cars from auctions, but some were purchased from private sellers. In January 2015, Ron Pratte sold his private museum car collection at the Barrett-Jackson car auction, earning more than $40 million.

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Full Answer

Ron Pratte made his fortune in the construction industry. Shortly before the real estate crisis of the early 2000s, he sold his business, earning him an estimated $350 million. Although he had already acquired a number of classic cars before this point, Pratte began purchasing historic automobiles with much greater frequency. In press leading up to the auction, Craig Jackson, the chairman and CEO of Barrett-Jackson, stated that Pratte had purchased most of the important cars sold at their auctions in the last 10 years.

His most notable purchases include a 1950 GM Futurliner, which he bought for $4 million at auction in 2006. Pratte restored the bus, making it one of only three-known restored 1950 Futurliners. In 2015, it sold again for $4 million at auction. Pratte also owned a one-of-a-kind 1966 Shelby Cobra 427 Super Snake, which he won at auction in 2007 for $5.5 million. In 2015, this car sold at the Barrettt-Jackson auction for only $5.1 million. At auction in 2006, Pratte acquired one of two 1954 Pontiac Bonneville Special Motorama concept cars for $2.8 million dollars, which sold in 2015 for $3.3 million.

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