Barrett-Jackson

I know they make money on both ends of the sale, and last year it was 8% from the seller and 8% from the buyer, but I thought I heard 10% this year, if this is true, that's A L O T of cash for putting a tent or two up in the desert, to let people sell their cars in, hell even at 8% it was a lot, also I saw the commercials for the official Barrett-Jackson apparel....MO money MO money Mo money!!!!

But I do like seeing the cars. I wonder what a yellow '70 Mav Grabber recreation-resto-mod-mutt with a 347/5 spd would go for...... may be.

 

If thats true, I just saw one of those GM Futureliners sell for 4 million. nice commission.

 

I saw 3 or 4 lots sell for over a 1/2 million and that was in watching for less than 30 min. Pretty sure these buyers are making hard for future car enthusiast to be able to afford to be an enthusiast.

 

Replay...

...the Futureliner was a replay of last years auction.

Carrol Shelby's personal Cobra Roadster with 427, twin SC and carbs sold
for $5,000,000. Blew my mind!

 

I don't know how many 70 Plymouth Cudas there were but I'm quite certain that all of the ones that are left were at B/J this week!!!

 

I'm convinced that over 90% of the cars sold at the Barrett-Jackson auctions are bought by collectors and not the average guy on the street. Who else could afford to spent a million or five for a car that will probably never be driven any further than it takes to go back to the trailer. It's amazing to watch what these cars are selling for, but it also gives people an inflated idea of what similar cars in less perfect condition are worth. How many times have we seen a car that needs tons of work being sold by someone who thinks the car is made of pure gold only because they saw one sell on Barrett-Jackson for big bucks? I think most people are realistic enough to know that only the best of the best roll across the Barrett-Jackson auction block and nobody in thier right mind is going to buy a $500 car for $50,000.

 

This Barrett-Jackson stuff is one reason why the younger generation is getting into rice burning tuners, the prices are just getting out of hand. They look at muscle car owners as a bunch of rich snobs! Boy, I rember back in the mid eighties when I could actually consider buying a 69 GTO!! AHHH!! the good ole days. Just my 2cents. Steve/ITSACOMET!

 

You're exactly right Jean but unfortunately when the average guys with the average cars start inflating the prices of their cars due to B/J, they eventually start getting their prices which drives up the prices of all the lesser quality cars. Check out all the cars for sale at the car shows this season and you'll see what I'm talking about. Most of them will be inflated because of this and that makes everybody else raise the price of theirs. Barrett Jackson and all the millionaires are absolutely killing it for the little guys. I've been telling everybody to keep their eyes on the Maverick and Comet prices. They are going to go up and I think we'll start seeing it this year.

Of course I might wind up being wrong (happened once before) but only time will tell. Everybody better start picking up those cheap cars while you can because the average guys won't be able to afford the true muscle cars anymore. They are gonna come after our cars.

 

Eight Mavericks and counting here... and going to keep buying more regardless of how many Frank thinks I need.

My Grandpa watches Barret Jackson like a hawk. I've still not decided if that's a good thing or not, but maybe he'll start letting some of his sixteen '65-'71 fastback Mustangs go soon...

 

I was thinking some of the prices at this years auction were down from last year on some cars, it's amazing how trendy it can be, look at the 71 Roadrunners, they were dirt cheap less than 5 years ago, now their up there with the Hemi Cudas, and don't forget those Desoto's (My family owned a Dodge/Desoto dealership till 1969) Man, I have pictures of my Mom driving some of those same cars.
Then you look at the other end of the market, a Dusenburg that was once a million dollar cars, sells for 600 grand, close but not where it was, the market for cars from the 30's is dying, people can't drive them, the guys that grew up with them and restored them are dying, familys are giving them to the museum in Hershey like crazy.
Some of those cars I'm sure cost way more to restore than they sold for, but maybe it a tax right-off for someone...
Thats all I can type, I have to get back to the auction

 

Right on Dave. There are a number of mass appeal cars that really stand the test of time, and a whole lot of other cars that sort of ride a bubble of interest that changes with time. 60’s and 70’s cars are extremely hot right now. Give it maybe 20 years and cars from either the 80’s or 90’s will be the new hot items of interest and many of the current cars of interest will drop in value.

 

You're not the only one... That will be a year ago this Sunday. It still about makes me physically sick everytime I think about it.

 

B/J doesnt have all of them. I posted in the off topic about one my Dad picked up for $150 the other day. Its just a shell with suspension, no interior, engine, trans...nothing! It was an original 383 car but its got TONS of rust. If it was a Maverick there is no way you would think about fixing this car. But never-the- less I sold it for him on eBay for $2600. Not a bad turn around on $150 investment!

 

I saw that Blue Torino 4-speed 429 car sell .... it had like 56,000 original miles and went for $36,000 before fees .... I was very surprised ... but I think that was the very first night before the big spenders come in on the weekend ...