Barrett-Jackson Scottsdale Starts Tonight

450K for that 2012 boss 302 mustang....too much money and not enough brains.

 

That's a wicked car. I think I may buy a his and hers for me and the wife!!!

 

And then I woke up!!!

 

My wife said " I want one!". my only reply was, have you seen our bank acct lately?

 

Man I passed on a 31 model A 2dr sedan last week tha you would have loved, complete resto probably 10-15 years ago, a buddy of mine bought it and wanted me to tune it in a little, he had just bought it for 6000 and offered it to me for 6500, I declined and he sold it a week later for 7500, the car didnt have one problem other than needing driven, were starting to see allot of these older restored cars around here going for less than 1/3 resto costs.

 

The only ones that make money off the Barrett-Jackson auction is Barrett and Jackson! The seller pays them, the buyer pays them...heck I bet Scottsdale even pays them to be there!

 

That's just not any Boss 302, it's a 1 of 1 Laugna Seca!! Plus all the money went to charity. Awesome tax write off.

 

Dont think you can write that off for tax. For one because you received something, not just donated money. And you didn't give the money to a charity, it went to Ford/Barret Jackson, who will then give money to charity. The rich guys dont care anyways. Did you see them resell the 40th anniversary corvette like 4 times for charity and the end of saturday?

 

From what I've read, you would write the check to the charity, not to B-J.
Like you say, those guys with that money don't care anyways.
It's strange, that girl that's been buying up stuff the last few years, and Ron Pratt, hardly bought anything.

 

Sad to say, but had i been one who finaly won the car, it would not go back on the block. it would have went home!

 

My dad just got back from Scottsdale. He went to B-J three days. I picked him up at the airport Saturday. B-J is making money on every aspect of that event. But really, what is wrong with that? It doesn't say "Non Profit" over the doors of Rays (Rayzorsharp) body shop? Or Dave's (Dave Boyer) heating cooling company? Or the company I work for. Craig Jackson is in business to make money. Good for him. At the local auto auction here in Conn. the house also makes money on the items coming and going. It's a fact of doing business. Me personally, I would never take the risk on my car. My balls are nowhere near that big. But, I know someone that brought a car he purchased just to resell there. He paid under 75k for it and sold it Saturday evening for 150k. Nice profit!!!

As for the Charity cars, the buyer makes the check out directly to the charity. Therefor, it IS a huge tax write off. Otherwise who would pay 200k for Bret Michaels Camaro??

 

My problem with the Barrett-Jackson and the high end investors is that they have artificially inflated the prices of the old cars that we love and drive. When was the last time you actually saw a Chryser product on the road? Nobody drives them any more because they are worth too much. If it were just the top end cars I could understand it, but it's even taken the 6 cylinder junkers that you wouldn't have paid more than $1000 for 5 years ago and priced them out of our hands. Now every guy that has a rusted out hulk without a motor or interior has a $10,000 car. I don't mind people making money on this, but I hate that I can't afford to even look at a 60's or early 70's muscle car (be it a Camaro, Mustang or whatever) because now they are part of someones investment portfolio. This happened back in the early 90's as well and then the bottom fell out of the market but the scrap car prices never went back down. And now I see it happening again. I love these old cars because they are part of my history and I enjoy working on them and modifying them. When I cannot afford to do that, it's not fun any more and these 'investors' are ruining the hobby in my opinion.

 

You're exactly right. They have taken the little guy out of it altogether!

 

I gotta find the picture of the 69 Beaumont convertible that passed me the other day.

It's all supply and demand, guys in their 40 & 50's have the money to spend, and they do, some just have more to spend.
Did anyone one see that 68 Shelby GT350, sold for 80 something?? I bet that guys sorry today...There has been a general lack of Mustangs this year, but lots of Street Rods, and bringing good money.

 

X2 that say's it all!