Barret Jackson auction

[moparsteve636]

Been listening to it today!Sounds like the big money people are at it again! A lot of six figure cars going across the block.Stock market going into the toilet so their getting into the cars.Highest car sofar was $325.000.00 Right now a sohc mustang started out at 70,000.00 its a clone!Oh well I guess thats the way it goes.

 

[64 Post]

That's last year's auction.

 

[satman72]

This years starts on Jan 13th.

 

[Bruzilla]

I was watching a Chasing Classic Cars marathon on Velocity yesterday. I think the host is a bit of an *** who has lousy judgement, and even worse is one of these guys who bought high and tries to sell high despite what the market is, but the show does offer a good look into how auctions are run.

 

[Darter6]

The old phrase still stands, If you wanta play,,you gotta pay.

 

[WP29440SE]

shouldnt be long before we see that special order super six 75 dart 4 door rolling through there pulling 75,000 bucks...

 

[barbee6043]

after owning a wide range of Mopars since mid 80's, i truly beleive those of us that lov e our cars for the pleasure they give us workin on them, drivin em, whatever, be it a humble s/6 or the ultra rare, we are the lucky ones;;;;;; the ultra rich that have to worry about their investments and take no real pleasure in the car ( except for the ocassional screwing their rich buddies!) are the unlucky ones! just the other day i saw a guy drivin his part faded paint, part primer, drivin down the road in his 74 charger with the biggest grin on his face!

 

[D575]

The high numbers at that auction , really are laughable. It makes everyone with a rusted shell or a 45 year old part, think they have a gold mine .

 

[Bruzilla]

Yep, and that's been going on for decades now. I remember when every car magazine you read in the 1980s started doing market price features, and they were all based on auction values. What really sucked was artificial reserves and shill bidding were the norm back then, so prices took off like a rocket before anyone knew a scam was being run.

 

[WP29440SE]

in my opinion those ridiculous auctions have been nothing but detrimental to the hobby

 

[super-bee_ski]

Barrett-CRACKson

 

[Budnicks]

The high numbers at that auction , really are laughable. It makes everyone with a rusted shell or a 45 year old part, think they have a gold mine .

That was last years action in Scottsdale too, but I agree... especially the people that have unreal expectations or don't know any better & see a high dollar car go for big bucks, to a millionair collector, then the typical driver quality car guy who actually thinks allof a sudden that his rusted out hulk & or old parts, is worth 1/4 or 1/2 of that big money or his/her Road Runner, Charger, Super Bee, Cuda, Challenger, Sattelite, Coronet, GTX, RT, Fury etc., that's been sitting for 20+ years or 40+ y/o rusty parts are worth so much more money now... It's laughable really, but I still think it's a decent guide to see what the high end perfect or near perfect collector cars could sell for, not the driver quality or restorable type everyman cars, maybe the 100% correct restorations, the truly perfect show cars or the 1 of 1 concepts, still bring good money, but that's such a small fractional part of the car collectors market thou... Time for a reality check for the masses.... my $0.02 cents

 

[moparsteve636]

I didn't realize that was last years show! Budnik you hitthe nail on the head for sure! It amazes me how many people watch that rip off program!and they think their pile is worth big bucks so it sets and deteriorate into a plie of rust.and then you have the ones who are going to restore it someday,or they won't sell it until a scrapper offers to buy it!

 

[Budnicks]

Don't get me wrong I like watching, I will probably never buy any $100k ever, just not my style, I like to do my own stuff, get some ideas from other cars etc., but I've been to a few Barrett Jacksons & it's a great car show & automobilia show, tons of vender's too, I like looking at many of the cars, that are on "my bucket list", but I will never be able to justify buying a car for some of the prices I see them going for, they usually don't/won't show the lower quality or Wed. cars ever on TV there are some really good drivers, restorable cars & buys every once in a while, besides it's well worth going especially, if you've never been to an auction like that, Mecum, Barret Jackson, Gooding & Co., RM Auctions, etc., but the Barrett Jackson/Scottsdale it's better than any car show, it's a "very cool car event", not just an auction & they do have an "collector car auction", going on too boot...

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I don't think it's a "rip off", it has it's place & it's just a different level of quality & pricing... people need to be realistic not dreamers too...

 

[Bruzilla]

in my opinion those ridiculous auctions have been nothing but detrimental to the hobby

I was thinking about that the other day. I ran into the guy I bought my bucket seats from over the weekend, and he told me he had given up on his 76 Aspen project car because he just couldn't locate the parts he needed because most of those cars had been crushed. Throughout automotive history, car values have moved in very predictable patterns. They go from new to used, then to the secondary (3rd/4th owner), then they tend to stagnate at junk value until people who wanted one when new but couldn't afford it start making enough money to buy and restore the cars they liked back when and the cars enter the collectable market and the prices start going back up again. But what happened in the 1980s and later as market hysteria for 50s to 70s cars dominated the high-profile auction circuit? There has been so much dominance of the marketplace by these cars that I think little investment money or interest was left for preserving/restoring cars that came later.

1973/74 Satellites and Road Runners are rare, but I'll bet I've seen 100 or so for sale for every 76-80 Volare Road Runner I've seen come up for sale, and 50 or so for every plain Volare. I always liked the orange/black 76 Road Runners, but I've only seen one come up for sale in the past 4-5 years. And we're not the only marques impacted by this. I'll bet I see about 40-50 first generation Camaros driving around for every one mid-1980s model I see. Granted, late-70s through late-80s cars weren't the best, and the Mustangs, Charger 2.2s, Camaros/Firebirds, Tourismos, and others were nothing compared to their predecessors, but that shouldn't have stopped people who liked them when they were new from creating a collector market for them just as generation after generation before them has. But it looks like the tremendous interest in 50s-70s cars that the auction market has largely driven have just distorted the market to the point where no one sees any value in keeping these later cars around any longer than the secondary market before crushing them.

 

[70rr-brian]

people who liked them when they were new from creating a collector market for them

And there's the rub...no one liked them when they were new. LOL now don't go flaming me over that... I have never met anyone who had one of those cars you listed speak highly of them or even recall them remotely fondly. Maybe I live in a bubble...but that's been my experience.

 

[RustyRatRod]

All them high dollar auction houses suck balls.

 

[jessipup]

False stock market statment correction. Fact Check
" Stock market going into the toilet"
=====================================
All of the major U.S. stock indexes finished 2012 solidly in positive territory, successfully climbing what Wall Street dubs the "wall of worry" in the process. The biggest winner was the technology-dominated Nasdaq composite, which gained 15.9%. The Russell 2000, an index of small-company stocks, rallied 14.6%. The S&P 500, a large-company stock gauge, was next with a gain of more than 13%. The worst performer of the four major indexes was the blue-chip Dow Jones industrial average, which rose 7.3%.... USA Today
+++++++++++++++++++++++++++++++++++++++
Today Jan 02 2013
Stocks shot higher Wednesday on the first trading day of the new year as investors expressed relief lawmakers finally found a way to avert the economy from falling off the fiscal cliff.

The Dow Jones industrial average rocketed more than 300 points higher and the Standard & Poor's 500 index gained more than 2.5% to 1,462, getting 2013 started off following a better-than-average 13.4% gain in 2012.

It was the best first-day percentage gain by the S&P 500 since the 3.2% opening in 2009. It's also the first time ever that the S&P 500 has gained the first day of the year for five consecutive years.
=========================================
Someone grab me a cold beer and a pool float I'm jumping in that toilet.

 

[Moparsmitty]

I haven't paid a lot of attention to Barret-Jackson for a while mostly because they seem to want to concentrate on the rare, high dollar, who's got the biggest wallet end of the market. While it's interesting spending the day just to look at the cars I probably wouldn't bother registering to bid. I couldn't afford most of the stuff that comes through the line anyway. Some of the smaller auctions are a little better and I've noticed a few cars sold at them that seemed like fairly good deals. Auctions are just one of many ways to market classic cars. There's always the Ebay/Craigslist route or if you you are really a glutton for punishment you can go to a classic car dealer. Sometimes you just see a car with a for sale sign in the window. All of these markets affect the value of our cars in some way but the only time I really care what my car is worth is when I have to sell it. Luckily, I don't have to sell it right now.

 

[Bruzilla]

And there's the rub...no one liked them when they were new. LOL now don't go flaming me over that... I have never met anyone who had one of those cars you listed speak highly of them or even recall them remotely fondly. Maybe I live in a bubble...but that's been my experience.

Ever read about the reception the Superbirds got when they came out? Pretty much universally loathed. Remember that the cars we love today were viewed as passe dinosaurs that had marked the end of an era, and the new compacts and subcompacts were the hot new items that everyone loved. Our cars were the Corollas, Fiestas, Civics, and Accords of their day. It wasn't until close to 12 years after the fact that they became cool again.