Cobra Make, Engine: Shelby Cobra CSX4206 aluminum body, original 1965 NASCAR 427 SO, Dual quads.
Posts: 3,897
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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.
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.
I wonder if the buyer will ever post on this forum and admit what he paid for it.
Cobra Make, Engine: CSX 6022, navy blue, period correct 427 SO
Posts: 2,154
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Quote:
Originally Posted by REAL 1
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 FYI. It's Craig Jackson.....
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“There are only three sports: bullfighting, motor racing, and mountaineering; all the rest are merely games.”
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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