Hats Off To Craig Jackson

[rustyBob]

It reminds me of an old Cheech and Chong skit......

[PANAVIA]

Saying that BJ ruined collector car sales is like saying the internet ruined buying car parts.

it is just different now , caveat emptor.

[TN Shelby Cobra]

Originally Posted by PANAVIA

Saying that BJ ruined collector car sales is like saying the internet ruined buying car parts.

it is just different now , caveat emptor.

Yea it's different, the average guy can't buy an old classic car now because of them !!!

[Silverback51]

Originally Posted by TN Shelby Cobra

Yea it's different, the average guy can't buy an old classic car now because of them !!!

Nothing gives me greater satisfaction to see these investors buying cars at inflated prices and two years later they are being resold at 1/3 to 1/2 of the original price. Just look at how the bottom dropped out of the original Hemi cars from what they were 5 years ago.

[csx4910]

If you are going to blame them then you would also have to blame Russo and Steele, Kruse, Mecum, RM auctions, Christies etc. They are in business to make a profit and the cars yesterday, today and forever are worth what someone is willing to pay for them. Some people have more money than brains and always will. The true "investors" that are in it for a profit after they take a few losses they go on to another investment and I think that is what we have seen lately. I have seen plenty of good cars go for prices well below $100K that were $200K or over 3 years ago. That tells me that the investors who help drive up the prices are leaving allowing hte prices to go back down. For every one of us sad to see the prices go up there is 3 people who own the cars happy to see the prices go up.

Lets face it though, most of us that are lucky enough to have a cobra couldnt buy another car even at $50K (now would our wives let us). - But it is fun to dream of finding that barn find for $2000 that turns into something worth more

[jwd]

Originally Posted by Silverback51

Nothing gives me greater satisfaction to see these investors buying cars at inflated prices and two years later they are being resold at 1/3 to 1/2 of the original price. Just look at how the bottom dropped out of the original Hemi cars from what they were 5 years ago.

Just like the guy that bought the 429 Mustang at BJ for $500K and sold it the next year at BJ for $300K. That was one heck of an investment.

Jim

[rattlesnakepete]

With all of the hype building up to the sale of that car and then to have such an untiddy ending just seems very strange to me. No matter what the truth is it has to have hurt the credibility of the BJ auction to some extent. If the deal really went down the way they claim I would think BJ would be taking legal auction against the false bidder just to show the public it was not a faux. A smaller sale no big deal just boot the guy out, but the main event?

[CowtownCobra]

The BJ is all about TV entertainment. Doesn't matter who makes or loses money. As long as SPEED sells ad time, the show goes on. You can buy yourself 5 minutes of fame, and there seem to be enough big egos with a few extra bucks to keep this circus going

[Rick Parker]

Don't forget to deduct the sellers premium of approx $52,000 to arrive at the net cost (?) Where was the guy in the Ferrari hat whe you needed him?

[TN Shelby Cobra]

Originally Posted by Silverback51

Nothing gives me greater satisfaction to see these investors buying cars at inflated prices and two years later they are being resold at 1/3 to 1/2 of the original price. Just look at how the bottom dropped out of the original Hemi cars from what they were 5 years ago.

Agreed!! BJ is the worst when it comes to auctions!

[CobraDan]

http://jalopnik.com/5649147/bugatti-...medium=twitter