| csx4910 |
01-22-2013 06:37 PM |
On sales of $107 million Barrett-Jackson's cut was approx $15-20 million based on the total of the weekend sales, not counting admittance fees, entrance fees, alcohol sales and vendor booths. Based on the math $30 million or so isn't bad for a weekend(minus their costs of course)
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| fordracing65 |
01-22-2013 07:47 PM |
I sold my SPF on Cobra Country,I feel like I gave it away for free compared to the auction prices, No offense but 80g for a Everett Morrison LMFAO...
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| REAL 1 |
01-23-2013 11:02 AM |
To me BJ is like going to Las Vegas or Atlantic City. The House usually always wins and you more than likely will not win.
Ever wonder why Gregg Jackson jumps up and down like a kid in toy store when some fugly hot rod or other car is bid up to multiple times its true value? Just look at Gregg Jackson's $2 million dollar garage at home complete with its own rotating display for the center piece vehicle (just the garage not including the cars). That should tell you who wins at a BJ auction no matter what the sale price. You want a chance to pay him even more for the priviledge of selling you car in a prime time spot? It will cost you even more.
I can see the value of really true collectible rare cars where you have legit buyers in one spot in order to determine the best price...but for the average run of the mill enthusiast car I don't see the benefit after you add up all the costs.
I certainly would not sell at any auction without a reserve.
As to the Everett Morrison that sold for $80K I'd be willing to bet the buyer will have a pretty serious case of buyer remorse once his hangover from the liquour induced bidding frenzy wears off but I'll bet Jackson was delighted with that sale. :LOL:
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| Rich A |
01-23-2013 11:49 AM |
Quote:
Originally Posted by REAL 1
(Post 1228388)
As to the Everett Morrison that sold for $80K I'd be willing to be the buyer will have a pretty serious case of buyer remorse once his hangover from the liquour induced bidding frenzy wears off but I'll bet Jackson was delighted with that sale. :LOL:
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I wonder if the buyer will ever post on this forum and admit what he paid for it. |
| dcdoug |
01-23-2013 12:53 PM |
Quote:
Originally Posted by REAL 1
(Post 1228388)
Ever wonder why Gregg Jackson jumps up and down like a kid in toy store when some fugly hot rod or other car is bid up to multiple times its true value?
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Just FYI. It's Craig Jackson.....;) |
| REAL 1 |
01-23-2013 03:01 PM |
The misspelling is an indication of how much I care and how closely I follow his auctions.
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| jhv48 |
01-23-2013 03:38 PM |
My take is this: BJ auctions are a spectacle, a circus of wealthy individuals (and some that think they are) that like to hang out with each other, compete to see who will fold first and compare wallet sizes. Nothing else.
If you want to participate and enjoy the showmanship and enthusiasm then by all means, do so. But don't think you're going to get a bargain no matter how much you pay.
If you are looking for the best way to actually buy an investment grade muscle car, then pursue other sources.
And kudos to BJ. They are making money hand over fist. The American dream.
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| bliss |
01-24-2013 11:08 AM |
Reading through this thread leaves me with the impression that BJ is a huge gathering of stupid money. We all wish that that happens when we have a car for sale, rarely does.
With that said, I've seen cars sell for prices way below what it would take to build them - they aren't the most popular makes/models but some real deals can be had if one likes a lower tier make/model.
Wouldn't it be cool to gather up interested pre-qualified buyers - get them drunk and start the bidding? Of course, gambling is sort of like that.
By the way, I've often wondered if there are 'plants' in the audience - bidders that know who to run up the bid volume and back out at the right time.
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| RodKnock |
01-24-2013 11:29 AM |
Quote:
Originally Posted by REAL 1
(Post 1228414)
The misspelling is an indication of how much I care and how closely I follow his auctions.
|
I agree. Much ado about nothing.
The only way this impacts my world is that next month's issue of Keith Martin's Sports Car Market magazine will be thicker with more pictures, discussion and results.
Excellent toilet reading. :LOL: |
| dcdoug |
01-24-2013 12:13 PM |
Quote:
Originally Posted by jhv48
(Post 1228421)
BJ auctions are a spectacle, a circus of wealthy individuals (and some that think they are) that like to hang out with each other, compete to see who will fold first and compare wallet sizes. Nothing else.
|
Did you see the last two guys bidding on the batmobile? At $4.2m, the two final bidders agreed to flip a coin and the winner got the car. :cool:
They should have thought of that $1m earlier in the process. :JEKYLHYDE |
| lippy |
01-24-2013 12:37 PM |
Quote:
Originally Posted by dcdoug
(Post 1228508)
Did you see the last two guys bidding on the batmobile? At $4.2m, the two final bidders agreed to flip a coin and the winner got the car. :cool:
They should have thought of that $1m earlier in the process. :JEKYLHYDE
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But it *is* the Batmobile. |
| 601HP |
01-25-2013 09:15 AM |
When I occasionally watch a Mecum auction, it appears to be reality automotive auctioning.:)
When I watch B-J, it doesn't.**)
David
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| REAL 1 |
01-25-2013 10:48 AM |
If I were going to go to an auction for a bargain it wouldn't be BJ. Too much of a circus. $4.2 mil for the Batmobile? Sheesh. Too much booze, too much money and too much free time. :rolleyes:
Mecum seems to be a better place to try and find a nice car at a good price.
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| jhv48 |
01-25-2013 11:00 AM |
Saw a red FFR that sold at Mecum yesterday. Nice build too. Sold for $34,000I believe.
Now that's more reasonable.
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| littlewave |
01-25-2013 11:51 AM |
I just look at it as the best car show on T.V.
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