The Barrett Jackson this week

[CowtownCobra]

BJ may have a real hard time getting decent cars for a no reserve auction next January, after watching the blood bath the sellers took this year.

[Madmiles442]

Let's focus on the positive

[Got the Bug]

Originally Posted by Madmiles442

Let's focus on the positive

Agree 100%. Great smile and fun to watch during the auction!

Sad to find out that she's married to Spanky Assiter!

[cakeman13]

In regards to the shelby lawsuite, If he wins his latest lawsuite, we are all in trouble he then will want all of us to give him money because we drive replicas . old bastard even is sueing the london club because he wants the money that they give to MS. This man and his so called company are sick, and no one to look up to. If I ever see him at a car show again IWILL tell him what I think of him and his GREED .

[csx4910]

I will apologize in advance for the lengthy cut and paste but here is the story from our local newspaper this morning. I think they are all delusional for calling a 28% drop in sales "encouraging" but these are the prelim sales figures for the auctions last week.
csx4910

" Sales dropped 16 percent at fourValley car auctions but still managed to hit a combined $130.7 million for events that ended Sunday.
Auction houses still attracted hundreds of wealthy buyers who paid six- and seven-figure prices for dozens of rare, highly coveted automobiles. Given the economic slump, the sales decline was not a surprise; in fact, many in the industry expressed relief the falloff wasn't more significant.
Barrett-Jackson and RM Auctions each reported drops in sales of close to 30 percent, and Russo and Steele reported a 14.5 percent drop. Gooding & Co. increased its take in the collector-car auctions by 54 percent.
"The whole collector-car world was watching, fearing we would fall off a cliff," he said. "We didn't, so that's a good thing."
Scottsdale-based Barrett-Jackson Auction Co. led the auction week, reporting $63 million in sales at Scottsdale's WestWorld, down 28 percent from a year ago.
Attendance at Barrett-Jackson's eight-day event exceeded 200,000, on a par with attendance in recent years.
Company Chairman Craig Jackson was upbeat.
"It was truly a celebration of our hobby and its resiliency," Jackson said. "Sales were solid from start to finish and exceeded expectations."
Gooding also had the top-selling car of auction week, a 1960 Ferrari 250 GT California Spider that sold for $4.95 million, and six others that sold for more than $1 million each.
RM Auctions saw it sales at the Arizona Biltmore dip 32 percent, to $18.2 million.
The Canadian auction house had two major sales collapse when the bidding did not reach the seller's reserve price: a $4.9 million bid for a 1963 Chevrolet Corvette Grand Sport and a $4.5 million bid for a 1937 Bugatti Atalante Coupe.
Russo and Steele reported preliminary sales figures of $17.1 million, according to company President Drew Alcazar.
"I'm counting it in the win column," he said, given economic conditions.
DuPont said that prices were off for run-of-the-mill muscle cars but that rarer cars with a documented history are still drawing top prices."

[95CobraR]

Originally Posted by csx4910

I will apologize in advance for the lengthy cut and paste but here is the story from our local newspaper this morning. I think they are all delusional for calling a 28% drop in sales "encouraging" but these are the prelim sales figures for the auctions last week

First, I don't have a dog in this fight. I don't sale used cars. I would never buy a car from an auction house (due to their ridiculous fees) or eBay (due to my perceived view of possible fraud).

Due to the changes in the economy since January 2008, I don't see a 28% drop in total sales a bad thing. After all, the stock market is down 38% in the last year. Housing prices have crashed and commodity prices are down (anyone remember $4.50/gallon gas?). Unemployment is about to double from a year ago, and Washington wants to add $1T to your national debt.

Who ever spent this money for a new Camaro must be smoking something illegal:

2010 Chevrolet Camaro “First Retail Production” – $350,000 (Lot #1316)

http://www.barrett-jackson.com/media...trongSales.asp

A friend of mine bought the Bud Moore 1970 Trans-Am Ford Mustang Boss 302 race car for $407,000 at Gooding & Co (lot #87, link above). The car is being shipped to Georgia. He is happy because they wanted $500K last year for this car.

B-J got $137,500 for a 1970 Ford Mustang Boss 302 fastback street car. I'd say that is a strong price for a 1970 model (they made 8252 cars in 69/70).