Let's have some fun with the Barrett-Jackson Auction

[68sportsatelliteragtop]

Each year I watch the B-J auction with disbelief as I see cars selling for crazy numbers way out of reach of most car enthusiats. Sure these are mostly top of the line, limited production cars, rarities etc, but are these numbers real, or inflated by booze and egos? Last year however reality set in as some cars appear to have been "Well Bought" as you here the commentators describe them.

I picked out 5 Dodge and 5 Plymouth listings as well as a package deal listing. If you want to play along, look over the cars on the B-J website
http://www.barrett-jackson.com/appl...list.aspx?aid=443&sd=01/15/2012&ed=01/22/2012

Type in the Lot number for the cars on the list and submit your guestimated sale price. DO NOT include any of the added commissions, just your best guess what someone will pay when the gavel drops.

I have listed the cars below first the Dodges, No. 1-5, then Plymouths No. 6-10 and the package cars together No. 11

Shoot me a PM with your list of sale prices, after the car has been sold I will post our lucky Guesser along with the high and low guess. You can research last years sale prices or just go with your gut and have some fun!

The sale starts tomorrow but I think the cars I picked will be sold later in the week. If you want to participate lets get our list in by Wednesday Noon EST.
Dodges
No.1 Lot no.365 1965 Coronet Convert
No.2 Lot no.449.1 1970 Charger
No.3 Lot no.450 1968 Coronet R/T Convert
No.4 Lot no.706 1970 Super Bee
No.5 Lot no.1248 1968 Charger

Plymouths
No.6 Lot no. 432 1967 GTX Convert
No.7 Lot no.944 1970 GTX
No.8 Lot no.1249.1 1970 Superbird
No.9 Lot no.1262 1968 GTX Convert
No.10 Lot no.1571.2 1966 Satellite Hemi

Combo 2 Cars sold together as 1
No.11 Lot 5001.1 1971 GTX Pilot car
No.11 Lot 5001.2 1970 Coronet R/T Pilot car

Alright there it is Who's Game? First person to PM their list I will PM mine back to, as I am playing too!

REMEMBER CUT OFF DATE IS NOON (EST) WEDNESDAY!

 

[Bruzilla]

I think you're going to see a lot of cars being considered "well bought" this go around as car prices continue to fall. I'm keeping an eye on the Superbird as I've been using them as a benchmark car since 1987.

 

[696pack]

I think you're going to see a lot of cars being considered "well bought" this go around as car prices continue to fall. I'm keeping an eye on the Superbird as I've been using them as a benchmark car since 1987.

You may think that if you are looking at Ebay auction high bids but that is not the case in the REAL auction scene. Ebay high bids for under market prices are simply people trying to steal cars. They seldom sell unless the seller is desperate.

In the REAL in person live auctions the prices have stabilized and in many cases are on an up swing. I follow these REAL auctions and also look at the price guides that are determined by these auction results.

 

[bigmanjbmopar]

I would love to play this game but I am too lazy right now, and I HATE BJ and all those baby boomers who have spent all their money raking up the price of a car that would normally sell for 10k or less!

:rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5:

 

[696pack]

I would love to play this game but I am too lazy right now, and I HATE BJ and all those baby boomers who have spent all their money raking up the price of a car that would normally sell for 10k or less! :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5:

Without those baby boomers that created the demand for these cars to be built new you would not have the old ones around to lust after. Don't blame them for having the finances to be able to re-live their past in their later years. Remember, you are going to be that age someday and young people then may be saying the same thing about you or others your age for driving up the prices of those OLD 2010 Challengers, Mustangs and Camaros.

I will be long six feet under by then and I won't be around to laugh at you about it.

 

[Mopars & Missiles]

Without those baby boomers that created the demand for these cars to be built new you would not have the old ones around to lust after. Don't blame them for having the finances to be able to re-live their past in their later years. Remember, you are going to be that age someday and young people then may be saying the same thing about you or others your age for driving up the prices of those OLD 2010 Challengers, Mustangs and Camaros.

I will be long six feet under by then and I won't be around to laugh at you about it.

Agree 100%

The boomers have earned their way and paid their dues. They deserve some respect. Without the boomers, you wouldn't have jack squat!

 

[Mopars & Missiles]

....but I am too lazy.....I HATE BJ and all those baby boomers who have spent all their money raking up the price of a car that would normally sell for 10k or less!

:rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5:

Oh, and just for the record, I haven't spent anywhere near ALL my money yet on old cars. I think I'll just go out and drive the MoPar prices up some more now. Barrett-Jackson here I come! :tongue:

 

[bigmanjbmopar]

Without those baby boomers that created the demand for these cars to be built new you would not have the old ones around to lust after. Don't blame them for having the finances to be able to re-live their past in their later years. Remember, you are going to be that age someday and young people then may be saying the same thing about you or others your age for driving up the prices of those OLD 2010 Challengers, Mustangs and Camaros.

I will be long six feet under by then and I won't be around to laugh at you about it.

So you are saying you are solely to blame for the young thinking they can pick complete rusted out hulks from the junk yard on flat beds and then 5 ft from the entrance take several pics and put it up on ebay for $20k?


Because this is what this rant is all about, because of the high and mostly overpriced/bids of auctions like BJ's now every kid or scammer thinks they can do the same except with complete garbage.

I don't care about the auctions for legit cars I care about the repercussions of it.

 

[bigmanjbmopar]

Agree 100%

The boomers have earned their way and paid their dues. They deserve some respect. Without the boomers, you wouldn't have jack squat!

By all means spend spend spend, it's people like everyone here need to buy up the classic metal.

But when you are young and interested in buying and you can't because some one selling a car that has so many things wrong or worse thinks they can get 500 times more than it's worth because they saw their car in pristine condition go for more than that at a televised auction then I think that is BS.

When you try to explain to them that their car is a mess and will cost 5 times the amount to just get on the road they look at you like you are the one that is crazy! lol

 

[Bruzilla]

You may think that if you are looking at Ebay auction high bids but that is not the case in the REAL auction scene. Ebay high bids for under market prices are simply people trying to steal cars. They seldom sell unless the seller is desperate.

In the REAL in person live auctions the prices have stabilized and in many cases are on an up swing. I follow these REAL auctions and also look at the price guides that are determined by these auction results.

I've been tracking auction prices since before there was an internet yet alone an ebay. You are right that ebay is not a reliable source of tracking data, which is why I don't use it.

Back in the late 1980s, there was a lot of what I'll call auction abuse going on, which consisted of sellers putting artificially high reserves on cars, cueing bidders to those reserves, and the bidders would drive the price up to just below the reserve. This resulted in all sorts of stories flying around the collector car circuit about jumps in car prices that really weren't valid, especially in the case of E bodies. Unfortunately, in many cases, these bogus practices did influence what many people thought these cars were worth and caused prices to go up because of them. Fortunately these practices were curtailed by most responsible auction houses by the time the B bodies started becoming The Next Big Thing and aside from premier cars, like the Superbirds and Hemi cars, the prices didn't spike up the way the E bodies did in the late 80s and early 90s but instead grew at a more realistic rate.

You state that prices have stabilized, but I would suggest you are taking a narrow view of the data. First, the concept of the "well bought", i.e., "sold below what was expected" car was almost unheard of at major auctions a decade ago. Back then the discussion was how much over the expected price a car would sell for, or how high the new benchmark price would be. The only cars that didn't exceed expectations were ones that were odd balls or heavilly modified where it was tough to tell what the final price would be. Now we have many cars struggling to meet expected prices, a lot of cars selling under, and very few that set new benchmarks, which is a total reversal from a decade ago.

Prices may be holding steady, but there is a very distinct downward trend. I suspect its because the gold market is sucking up so many investment dollars over the past three years, and we're now seeing genuine enthusiasts setting the prices instead of strict investors. I use the Superbirds as my benchmark because of their rarity. Superbirds have been decreasing in price for about seven years now, and I'm interested to see what happens with this next one.

 

[Bruzilla]

I would love to play this game but I am too lazy right now, and I HATE BJ and all those baby boomers who have spent all their money raking up the price of a car that would normally sell for 10k or less!

:rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5: :rant5:

Well, you don't have to worry for too much longer as the demographics are definately turning towards your favor. A lot of the early boomers, those born in the 1940s, are dead. The 1950s crowd is thinning out, and those of us late-boomers from the 1960s are really the last major group of competitors you'll need to deal with.

Once the kids born in the mid-1970s and 1980s start to come into disposable income, it'll be interesting to see what influence they have on the market. These folks won't be driven by nostalgia the way the 40s-60s boomers were as the cars were crap when they grew up and the days of buying a car and building it up were replaced with buy a car, drive it, get rid of it, and get a new one.

I have three kids who were born in the 80s who have no concept of what the roadrunner is even as a cartoon yet alone a car, and they and their contemporaries view 70s cars as "those things Dad likes", but their idea of cool and desirable is a rice burner, fancy pick-ups, or new Mustangs, Camaros, etc. They'll be nostalgic for cars made in the 1980s and later, not cars from the 60s and 70s that they can't relate to, and that's going to impact the market as the boomers die off.

 

[bigmanjbmopar]

Well, you don't have to worry for too much longer as the demographics are definately turning towards your favor. A lot of the early boomers, those born in the 1940s, are dead. The 1950s crowd is thinning out, and those of us late-boomers from the 1960s are really the last major group of competitors you'll need to deal with.

Once the kids born in the mid-1970s and 1980s start to come into disposable income, it'll be interesting to see what influence they have on the market. These folks won't be driven by nostalgia the way the 40s-60s boomers were as the cars were crap when they grew up and the days of buying a car and building it up were replaced with buy a car, drive it, get rid of it, and get a new one.

I have three kids who were born in the 80s who have no concept of what the roadrunner is even as a cartoon yet alone a car, and they and their contemporaries view 70s cars as "those things Dad likes", but their idea of cool and desirable is a rice burner, fancy pick-ups, or new Mustangs, Camaros, etc. They'll be nostalgic for cars made in the 1980s and later, not cars from the 60s and 70s that they can't relate to, and that's going to impact the market as the boomers die off.

Again, missing the point. It's not about the cars or people its about driving up the cost unrealistically. I don't care what my 8 year old buys when he is 40. My car will be his to have hopefully restored by then

 

[moparmarks]

Can't just blame us boomers for the BJ pricing. If you ever go you'll see alot of rich foreign people buying up American muscle cars too.
I've seen some real pieces of crap bring stupid money. Also seen real nice cars go for around half of what it took to build it.

 

[bigmanjbmopar]

Ok sorry boomers not you fault.

 

[Bruzilla]

Again, missing the point. It's not about the cars or people its about driving up the cost unrealistically. I don't care what my 8 year old buys when he is 40. My car will be his to have hopefully restored by then

What your eight year old buys when he's 40 will have an impact. Dad's like to think their kids will value the same things they do, but that's usually not the case. My Dad loved the old 1940s and early 1950s cars, and I couldn't care less about them; just as my kids couldn't care less about 70s cars. When I go to car shows, car meets, or other events where cars are the focus, the folks behind the wheels of the 60s and 70s cars are folks my age or older, say in the 40-60 year-old range.

Most of the younger folks are driving in newer cars. In fact the guy I just bought my latest 74 RR from was a guy in his 20s who's Dad had bought him the RR and the kid turned around and sold it because he wanted a truck. These cars just don't have the nostalgia value for most younger kids as they do for us, and that's going to impact pricing in the future as the boomers die off and the folks taking their place have other ideas when it comes to investing their money.

 

[Bruzilla]

Can't just blame us boomers for the BJ pricing. If you ever go you'll see alot of rich foreign people buying up American muscle cars too.
I've seen some real pieces of crap bring stupid money. Also seen real nice cars go for around half of what it took to build it.

I think there's a clear distinction between pre-87 buyers and post-87 buyers. Those of us who were buying cars and closely following prices from the late-1960s on through the early 1980s, and saw the typical ebb and flow of car prices, have a better understanding of what these cars should be priced at. I use a 300% standard, whereas a good price for a car is 300% of what I would have paid for it in 1986 or so. In the case of 73-74 B bodies, I was paying about $900-$1,400 for these cars in 1986, so I feel a good price today is about $3,500 for a good, unrestored but driveable, car. Buyers who came into the market after 1987 seem to be more accepting of inflated prices, and are more willing to pay $10,000+ for the same car and feel like they're getting a value.

When I see a partially disassembled car with missing parts, bad condition parts, and lots of rust, and an asking price of $3,500, I see a nut job seller. A post-87 buyer might look at that same pile o' crap and see a bargain because they think the finished car could someday be worth $20,000, and hand over the asked price without a second thought.

 

[moparmarks]

My dad didn't care or know much about cars. I've been into them for 40 years. Have 4 kids 20-30 years old and 2 are into muscle cars.
As far as the boomers, yes they have helped to drive up the prices. My brother thats 57 whats me to find him a muscle car now.
Alot of the BJ buyers don't actually know a whole lot about the cars that they buy. Hell you can't even test drive it first. Just bright and shinny. I did a 70 Cuda vert Hemi clone a few years back for a guy that sold it there. Not one person asked if it had a Dana under it let alone bent their *** over to look. It sold for 125K.

 

[68sportsatelliteragtop]

Now that we got that over with....... Anybody got 10 min. to waste, thats how long I took for my guess'! See post at start of thread.......

 

[bigmanjbmopar]

Now that we got that over with....... Anybody got 10 min. to waste, thats how long I took for my guess'! See post at start of thread.......

68sportsatelliteragtop I am so sorry for the ruckus on YOUR thread. I sincerely apologize. "Barrett-Jackson" are like trigger words to me make me go crazy kind of like "Niagara Falls" the old timers will know what that one means lol

 

[696pack]

So you are saying you are solely to blame for the young thinking they can pick complete rusted out hulks from the junk yard on flat beds and then 5 ft from the entrance take several pics and put it up on ebay for $20k?


Because this is what this rant is all about, because of the high and mostly overpriced/bids of auctions like BJ's now every kid or scammer thinks they can do the same except with complete garbage.

I don't care about the auctions for legit cars I care about the repercussions of it.

No, my comments were directed at you complaint about the baby boomers driving up the prices of our old cars at B-J.

Anyone that thinks they are going to get a pile of money for junk based on what the B-J cars are bringing is NOT going to get their car sold today for anything more than it is actually worth. From 2000--2006 yes, because things were selling for BIG money which in turn drove up the prices of donor/parts cars. That is over now.