Barrett-Jackson Vegas

[quick-bowtie]

WHO ELSE WAS BLOWN AWAY BY THE PRICES.. Man you'd swear it was 2006 all over again! Ive never seen so many uneducated buyer with so much money buying mainly JUNK.

I wonder what Scootsdale will bring that auction forsure will help with the consignments for Scottsdale. But i still think bringing a good car is crazy and a roll of the dice at best.

1963 Ford Police Car Replica Sold $130k (I know what Im bringing this year)

1967 Nova Pro Touring Sold $175k (Car is MINT!! but only was only to bid 65k at Mecum last year and has been forsale forever under 100k.


1956 Chevy Resto Mod Sold $275k.. Very Nice car but just plain Stupid money


1969 Camaro Z28, 4bbl car. Sold $110k

There are just way to many to list everything brought CRAZY money the only decent buy in my eyes was the Ole Yeller Jag at 185k.

[427.060]

Seems like this year was the year of the resto mod and pro touring cars. Some of the restored cars were sold cheap. Who was the couple that bought a bunch of cars. The last time I heard they had bought 29 (I think) cars.
James

[quick-bowtie]

I dont know but she was rading her hand for everything.. I hope they never need to sell because what they bought would all be 25 cents on the dollar at best.

I didnt think and thing was cheap even originals..

Gold 57 Dual 4 car had to be a world record.

70 Cuda 440 in the 70k range was crazy money

Non numbers matching LS6 for 110k CRAZY!!

Buick GN and GNX brought crazy money the list just goes on and on.

[Steven J]

That Ford police car would be worth about 10K, if that, in the police car hobby.

Personally, I don't trust the legitimacy of many of the automobile auctions.

[Canuck]

Speaking of legitimacy, didn't Do Dukes Charger sell two years ago for $450,000? That was the time he stood on the roof and sang the song. Yesterday it sold for $240,000.
Same car? Did it really sell two years ago or was this the same guy with the LS6 that sold at RM showing how to loose money on collector cars.

Paul

[Chateau Slate 66]

[ QUOTE ]
That Ford police car would be worth about 10K, if that, in the police car hobby.

Personally, I don't trust the legitimacy of many of the automobile auctions.

[/ QUOTE ]

I watched that one on TV and you could see the "You think you have more money than me?" look in the two women's eyes when bidding against each other.

Then they both laughed when it was over. Must be nice to have that much money.

[Mr70]

[ QUOTE ]
That Ford police car would be worth about 10K, if that, in the police car hobby.

Personally, I don't trust the legitimacy of many of the automobile auctions.

[/ QUOTE ]
Isn't that the truth.
Wouldn't surprise me if they hold a rehearsal days prior..unreal.

[quick-bowtie]

Id say the bidding at Barrett is REAL.. They're WAY TO MONEY HUNGRY and the types of Rich Bidders they get arent smart enough to know better or just dont care.

If it was a reserve auction I could see fake bids getting pulled out of the air to get the car close to its reserve but when its no reserse they dont care what it sells for because the make money either way.

If you watch closely Head Auctioneer Spanky is the King of running the bid he got caught a couple of times but for the most part he ran a few cars up so fast that people get caught up in bidding agaisnt themselves.

[BJCHEV396]

I think there is a lot of ''buyer remorse''when some of those dummies get home with their over paid for cars. http://www.yenko.net/ubbthreads/images/graemlins/frown.gif

[mark oliver]

I would have to agree. It seems the thing to do is buy at Mecum and sell at Barret!

Mecum just seems so much more user friendly to me. I think their buyer's fee is only 7 or 8% ( and Dana has been known to slash that on the spot!) compared to Barret's 10%.

[SBR]

I too was shocked at some of the prices. 57 Tbird for 100K, Austin Healeys for 100K. The Corvette listing they had were weak and for a red 67 427/390 coupe with no judging history to bring 100K is 2006 pricing. Scottsdale will be interesting to say the least.

[m22mike]

The cop car sale was a hoot. When they handed that lady the clip board to sign you could read her lips..."I wanted that car"....No S--t.. http://www.yenko.net/ubbthreads/images/graemlins/rolleyes.gif

[Sportyworty]

I can only comment with some education on the Ford muscle. We went out for the event and was surprised to see most of the cars were not as nice in person as they appear under the lights. The 69 and 70 CJ Mach 1's were nice in person but strong money for date code correct non numbers, non SCJ cars at 100k and 75K. The Lime 67 GT 350 was also strong at 125K. The paint work on most of the cars was just ok IMHO.

[COPO 70 RS/Z28]

Whats the deal with this lot 676

105??? 103??

http://www.youtube.com/watch?v=yb_sYBwhs8g

watch till the end http://www.yenko.net/ubbthreads/images/graemlins/confused.gif

[iluv69s]

the last thing they say on the video is "it's all about fairness at Barrett Jackson"...reminds me of the "Reggie J" ZL-1 Auction .....

although the first buyer was so unfairly treated after winning the car...I hope he THANKS the auction company for reopening the bidding....

Wowwwwww..I need to build a few pro-touring type Camaros...............$$$$$$$$$$$$

I suspect he could buy a similar car for less than 50k these days...

[bashton]

[ QUOTE ]
Speaking of legitimacy, didn't Do Dukes Charger sell two years ago for $450,000? That was the time he stood on the roof and sang the song. Yesterday it sold for $240,000.
Same car? Did it really sell two years ago or was this the same guy with the LS6 that sold at RM showing how to loose money on collector cars.

Paul

[/ QUOTE ]

IMHO, (for what ever that is worth), this was total "show business" both times.

I don't care who you are or how much money you have, there is no way anyone in their right mind would pay 400k+ or even 200k+ for a hobbled up wanna-be General Lee, or a "real" one for that matter!

Adding Mr. Schneider to the mix should be an automatic 50% reduction in the auction sale price. http://www.yenko.net/ubbthreads/images/graemlins/rolleyes.gif

Bashton
MCACN Managing Member

[1969z280]

The difference between "rich" and "wealthy" is according to Chris Rock: "Shaq is rich... the guy who signs his check is wealthy." Wealthy people make so much money in interest, they don't care when they make $500,000 mistakes. They're not car guys and gals...they're just out partying. JMO, Ed

[KENNY_PASCOE]

THAT IS SO TRUE ED .... KP

[firstgenaddict]

They spend stupid money for fakes because their friends don't know the difference and they like being in front of cameras... The only thing bigger than their EGO's are their Bank accounts.

[67BelAir427]

I have watched the televised auctions too, and have always wondered about the "show" verses the "reality". But this time I had first hand account of someone who brought 20 cars to this auction. All very nice cars, nothing super rare, and averaged around $50K per car, He went home with $1M less commissions and expenses. Knowing how few buyers there are right now, I wonder how long it would have taken to sell them one at a time through E Bay or classifieds?

[Mr70]

Did that same seller turn around and buy anything while he was there?
I wonder how many are today..

[MultiMopars]

I read several car make specific web forums, and this subject is always the same. Most of the guys that are writing their "opinions" on the prices paid are enthuesists for one particular make/model and follow Ebay and other sales sites for those cars. They don't always understand that a high bid price for an "unsold car" really is no indicator of the market. People put items up for auction all of the time and are NOT going to sell their car unless they get what they want for it regardless of what a buyer at "that particular time" is willing to pay. Not everyone is in financial straits and suffering from this economy. If the have a RARE car and don't HAVE to sell then they don't sell it. It is still a supply and demand market for sales of limited production number cars. If someone wants a 1 of 10 cars built and there is only one for sale at any given time and the buyer has a bottom line number that he will take for the car, that is what a buyer is going to have to pay for it since it is the ONLY one for sale. Otherwise he is going to have to settle for something else.

Back to the auctions. Many enthusiests live in a very small world on these Internet car make/model specific forums compared to the rest of a much larger hobby. This is proven time and time again by the prices paid at these auctions. Many of these buyers JUST LIKE CARS and simply buy what strikes their fancy. They are generally busy making money and set aside time to go to these auctions where they have a big selection of cars available for sale that are actually going to SELL and could care less about searching the Internet for the best possible deal. They value their time that it takes to fly all over the country to look at cars only to be dissappointed. They can physically inspect these cars at the auctions and often speak directly to the owners prior to the bidding.

The thing about the B-J auctions of late is that they are NO RESERVE auctions, and they hold EVERYBODY to it. If you want to buy your car back, you pay the sellers fee, the buyers fee, AND the sales tax, as the car is really no longer theirs as it is consigned to a dealer. In AZ. there is no sales tax for private sales between private parties but when puechasing from a deal you DO pay sales tax. B-J is a licensed dealer so you pay sales tax to buy your own car back. So you better think twice and know all the rules before you consign you car to sell with them.

The bottom line here is that they are true sales and are a driving force in establishing sales prices and book values in collector price guides. So don't poo poo these prices. SOMEONE actually paid these prices weather you like it or not. Does this mean that people always make rational decisions about what they buy? According to some of us NO. But the buyer was happy with it at the time and maybe could care less what he gets for it down the road if he ever decides to sell it.

Not just my opinion but facts that are proven by these sales.

[Johnny Horsepower]

I think the gist here, is that the quality of original cars is mostly crap now at BJ, because of the risk of a no-reserve auction. And while these sales are real, they are an anamoly compared to the market. Nobody says they did not happen, but they have to be taken with a grain of salt when analyzing the market. Most of the time the best cars still change hands privately by informed enthusiasts.
I have watched more than one fellow hobbyist get smoked at BJ with great cars. This particular site, has quite a few big smart players in the game (not me http://www.yenko.net/ubbthreads/images/graemlins/laugh.gif ) and they know what is going on.

John
Have purchased 3 cars at auction.
10 straight Scotsdale BJs
Russo and Steele Scotsdales since they started
At least 20 assorted Mecums
A few RMs
and 18+ years of daily open-outcry auction participation on the financial floor of the CBOT
http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[Stefano]

Don't forget Muscle Car Videographer extraordinaire aka; Tripod!

[MultiMopars]

[ QUOTE ]
I think the gist here, is that the quality of original cars is mostly crap now at BJ, because of the risk of a no-reserve auction. And while these sales are real, they are an anamoly compared to the market . Nobody says they did not happen, but they have to be taken with a grain of salt when analyzing the market. Most of the time the best cars still change hands privately by informed enthusiasts.
I have watched more than one fellow hobbyist get smoked at BJ with great cars. This particular site, has quite a few big smart players in the game (not me http://www.yenko.net/ubbthreads/images/graemlins/laugh.gif ) and they know what is going on.

John
Have purchased 3 cars at auction.
10 straight Scotsdale BJs
Russo and Steele Scotsdales since they started
At least 20 assorted Mecums
A few RMs
and 18+ years of daily open-outcry auction participation on the financial floor of the CBOT
http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[/ QUOTE ]



I am new here and you guys don't know my background so maybe I should explain where my comments come from. I am 59 years old and began my sales career in a small town Dodge/AMC dealership in Illinois in 1968-1974. I was in various auto related businesses (including owning and auto repair shop and a body shop)for 30 years and retired myself from working for others in 1998 when I moved to Sedona, AZ. Over the past 40 years I have owned 150+ sports, muscle, antique and special interest cars as well as a few motorcycles personally. I have lived in Arizona for 28 years and had attended the B-J auction for 27 consecutive years as well as many other AZ auctions over those years.

I used to agree with the idea that the B-J prices were not in touch with reality, but don't any longer. Why? Well, the general conversation at these winter AZ. auctions was that most of the GOOD cars would be at B-J. That WAS the case before they went "no reserve." The cost associated with these auctions were pretty much the same, so if you were able to plan far enough ahead to get into the limited list of cars why not take your car there people thought. However since they were "the" auction to take your car to, B-J started "picking and choosing" the cars they would accept and the quality rose considerably. It stands to reason that these car were the cream of the crop and would bring top money in the hobby, but this is not what we see in general sales prices throughout the REST of the hobby. This went on for many years, there was a lot of schill bidding, where dealers that sold 50% of their cars at auctions would spend their advertising dollars with entry fees, bidding up their own cars to "create a history" of "it bid to X amount previously" for justification of an expected price.

These auctions could not pay their expenses from the money earned on the run fees so they of course are looking to SELL the cars not just have them run.

B-J has been the only one that can get away with running a no reserve auction and still have people standing in line to consign based on the reputation they earned over the years. For the past 8 of 9 years I have had a bidders paddle and spent the entire week at B-J. I have become aquainted with many of the big players that attend B-J and the other AZ. auctions. I have seen a decline in the quantity of quality cars at B-J every year since the no reserve policy began. There USED to be some big dealers that always had a large number of high quality cars that were regulars at B-J for years that decided they would not participate in the no reserve auction. Some big players found out the hard way that in order to buy their own cars back what it would cost them and left with hard feelings never to return.

Other AZ. auctions have capitalized on this such as Russo & Steele and have picked up a lot of the quality cars AND buyers that have walked away from B-J.

What I am saying here is that B-J is no longer the leader in these hig prices as they used to be. It is realy spread all over the country over other auction companies now, but B-J STILL gets the biggest national COVERAGE as they have the contract with SpeedVision so more people sees their results quicker.

If you think that these auctions don't drive the price of the market you are dead wrong. 3500 or more of these old cars are sold in the AZ. auctions in one month. Then add all of the other auctions throught the country and remaining year, and you will find that private, high end transactions don't hold a candle to the auction volume. The private sales do not get reported. The old car price guides are determined from reporting dealers and auctions, so those guides are determined practically 100% from those sources.

I can tell you first hand that many of the high end players that trade in a small circle of other like players are paying top dollar to trade iron. These guys don't need the money but this is just another way of keeping score of what they do and having things that others can't have. Some of these guys are really not even car guys, it is just a venue to play in.

I am not trying to be a smarta$$ here, just relaying what i have seen regarding this subject first hand over the last 28 years.

BTW, I did not attend B-J at all last year and only spent one day at Russo & Steele with a good friend that was selling a car. Also I have never bought or sold a car at B-J or any other specialty auction as I have never felt that I ever needed any help buying or selling a car. I did watch a good share of it on SpeedVision.

The expense of just attending these auctions and the fact that the quality cars are spread over too many auctions held at the same time has taken away the luster of the experience for me.

I hope that some of you got something out of this epic post.

[1969z280]

Darryl:

I don't think you and John are far off in your opinions. I have also attended at least 12 years of AZ Auctions and have purchased some fairly "high-end" cars there. What I have seen as of late (and as John describes) are a number of cars that are not near the quality that they are described to be. Many cars are "re-tagged" and "re-stamped" and the "finger cam" usually fails to show or uncover these indiscretions. I do not recall ever having seen the "expert" panel on Speed Vision "uncover" one of these imposters.

Also, while there may be many knowledgeable enthusiasts at the auctions, there are also a number of people with more money than brains purchasing "high end" vehicles. The bravado and egos seem to move these buyers far more than the quality of the cars presented. Many of the buyers do not take advantage of the time before hand to inspect the vehicles. (I usually am the only one covered in dirt from crawling around in the Arizona sand to inspect a car). Most seem to be looking for their 15 seconds of fame on Speed.

The lights of the Scottsdale Auctions always seem to reflect favorably on some very questionable cars. JMO Ed

[Mr70]

It's Amy who puts asses in the seats,but they really should consider a liquor limit.http://img.photobucket.com/albums/v669/Rick_Peters/d30e6ce14556cd5dcb2d0ae3e869020f.gif

http://67z28.com/me.jpg

[markjohnson]

The easiest way to shatter a man's ago and even make him spend money he doesn't even have is to have a pretty girl say to him "What's the matter, can't you afford it?" This is a very powerful, wallet-thinning sentence that is taught to women at an early age. Remember in 5th grade when the teacher separated the boys and girls one day for a "special lesson"? Well.......this is what was taught to the girls at an early age in order for them to get what they want from men for the rest of their lives. Amy is a Master at this and highly skilled. She is capable of getting much more money out of a man than say........that other B-J strangely-excited fellow that works the crowd with the high-pitched women's voice.

[CDNL-78]

she's hot, hot, hot http://www.yenko.net/ubbthreads/images/graemlins/grin.gif

[MultiMopars]

[ QUOTE ]
Darryl:

I don't think you and John are far off in your opinions. I have also attended at least 12 years of AZ Auctions and have purchased some fairly "high-end" cars there. What I have seen as of late (and as John describes) are a number of cars that are not near the quality that they are described to be. Many cars are "re-tagged" and "re-stamped" and the "finger cam" usually fails to show or uncover these indiscretions. I do not recall ever having seen the "expert" panel on Speed Vision "uncover" one of these imposters.

Also, while there may be many knowledgeable enthusiasts at the auctions, there are also a number of people with more money than brains purchasing "high end" vehicles. The bravado and egos seem to move these buyers far more than the quality of the cars presented. Many of the buyers do not take advantage of the time before hand to inspect the vehicles. (I usually am the only one covered in dirt from crawling around in the Arizona sand to inspect a car). Most seem to be looking for their 15 seconds of fame on Speed.

The lights of the Scottsdale Auctions always seem to reflect favorably on some very questionable cars. JMO Ed

[/ QUOTE ]




Well, I think your right.

My original post in this thread was in response to the first page.

Sure there are a lot of stupid buys, but there are all over the country in every auction and private sales alike. It is just more publisized at B-J thru the media.

I am just saying it drives the value of the market more than many on the first page are really aware of.

[StealthBird]

[ QUOTE ]
The easiest way to shatter a man's ago and even make him spend money he doesn't even have is to have a pretty girl say to him "What's the matter, can't you afford it?" This is a very powerful, wallet-thinning sentence that is taught to women at an early age. Remember in 5th grade when the teacher separated the boys and girls one day for a "special lesson"? Well.......this is what was taught to the girls at an early age in order for them to get what they want from men for the rest of their lives. Amy is a Master at this and highly skilled. She is capable of getting much more money out of a man than say........that other B-J strangely-excited fellow that works the crowd with the high-pitched women's voice.

[/ QUOTE ]

That's the best explanation I've ever heard as to why these guys sometimes pay double what a car is worth. I was at the Mecum Auction in St. Charles a few weeks ago, and noticed a lot of guys talking about the dark haired 20-something girl that was working the stage, getting the sign-offs from the buyers.

When the Musclecar market gets even lower in the next year or two, Mecum or Barrett-Jackson will resort to girls in bikinis working the crowd while scantily clad bimbos are swinging around brass poles up on the stage. http://www.yenko.net/ubbthreads/images/graemlins/rolleyes.gif

[Mr70]

And your point is.. http://www.yenko.net/ubbthreads/images/graemlins/laugh.gif

[Fast67VelleN2O]

[ QUOTE ]


When the Musclecar market gets even lower in the next year or two, Mecum or Barrett-Jackson will resort to girls in bikinis working the crowd while scantily clad bimbos are swinging around brass poles up on the stage. http://www.yenko.net/ubbthreads/images/graemlins/rolleyes.gif

[/ QUOTE ]

Well when this happens it will be the first auction that I will attend. http://www.yenko.net/ubbthreads/images/graemlins/headbang.gif

[njsteve]

[ QUOTE ]
[ QUOTE ]


When the Musclecar market gets even lower in the next year or two, Mecum or Barrett-Jackson will resort to girls in bikinis working the crowd while scantily clad bimbos are swinging around brass poles up on the stage. http://www.yenko.net/ubbthreads/images/graemlins/rolleyes.gif

[/ QUOTE ]

Well when this happens it will be the first auction that I will attend. http://www.yenko.net/ubbthreads/images/graemlins/headbang.gif

[/ QUOTE ]

Me too!

I was out in the mid-west a few weeks ago and they sure know how to combine various interests into one location for maximum monetary manipulation. I went out to pick up a few pizzas for the boys and while waiting for them to make the pies, I heard a buzzing sound from the room next door. I asked the waitress what it was and she replies: "Oh, it's discount tattoo night." I look in the next room and see a Rubenesque woman getting a tramp stamp while leaning over in the middle of the bar room. To put it nicely, she had waaaaay too much canvas to work with. Turns out the pizza place was also a bar and a tattoo parlor all in one.

Nothing like a little entertainment with your order! http://www.yenko.net/ubbthreads/images/graemlins/rolleyes.gif

[StealthBird]

It's not too common, but I think we've all seen a car or two go across the auction block where the owner hired some girls to stand with the car, display documentation, show a little leg, etc. While it ain't a BAD thing to have something to watch, especially if you're not interested in the car (heck, that's the main reason to watch a Dallas Cowboys home game, for the cheerleader shots http://www.yenko.net/ubbthreads/images/graemlins/tongue.gif ), I always feel a little insulted, like the owner of the car feels they can drive the price higher by adding a couple pretty girls next to their car. This doesn't honestly work, does it? I mean, I can understand adding pretty girls at a car show to gain attention, but has this ever driven the price higher on a car at an auction? Please tell me this doesn't actually work...if it does, I've lost some respect for Musclecar guys. http://www.yenko.net/ubbthreads/images/graemlins/smirk.gif

I can it all now....the stage goes dark....then red spotlights hit 6 strippers on stage....they do some erotic dancing for about 30 seconds....then....BOOM!...explosions on each side of the stage...the stage goes dark...then spotlights hit a 1970 Superbird...3 strippers laying on the hood, one in the drivers seat, and one riding the rear wing like a pony...

And if that Superbird gets 50% more than another Superbird at the auction, it will open the floodgates. The following year, the Barrett-Jackson auction will then become a combination of a classic car auction and a Victoria's Secret show. The Saturday night portion of the auction will have a PG-13 rating when shown on SpeedTV.

And that's when I'll start taping the auctions. http://www.yenko.net/ubbthreads/images/graemlins/naughty.gif

[olredalert]

------Good description but you left out the stripper poles!!! http://www.yenko.net/ubbthreads/images/graemlins/grin.gif........Bill S

[TimG]

Bill, is that why you were standing by the Chevelles in Indy?
Dana had you be the eye candy for the potential buyers.

[bashton]

[ QUOTE ]
Bill, is that why you were standing by the Chevelles in Indy?
Dana had you be the eye candy for the potential buyers.

[/ QUOTE ]

http://www.yenko.net/ubbthreads/images/graemlins/haha.gif http://www.yenko.net/ubbthreads/images/graemlins/haha.gif http://www.yenko.net/ubbthreads/images/graemlins/haha.gif

Bashton
MCACN Managing Member

[sYc]

[ QUOTE ]
Bill, is that why you were standing by the Chevelles in Indy?
Dana had you be the eye candy for the potential buyers.

[/ QUOTE ]

LMAO. http://www.yenko.net/ubbthreads/images/graemlins/haha.gif

[olredalert]

-------If that were the case, Tim, none of them would have sold. If you noticed I stood mostly behind them so as not to blot them out completely, and have women and children running for the exits!!! http://www.yenko.net/ubbthreads/images/graemlins/no.gif http://www.yenko.net/ubbthreads/images/graemlins/no.gif http://www.yenko.net/ubbthreads/images/graemlins/no.gif........Bill S