The Barrett Jackson this week

[RedBarchetta]

Originally Posted by marcocsx3121

This year's prices are reflecting our sick economy. A glaring example: '69 COPO Camaro, ZL1 427, 100 point presentation went for $290k. A lot of money, but this is about the most collectable muscle car, and would have sold for at least 2.5 times that figure in 2006 or 2007.

Did anyone else notice that it was Reggie Jackson's car and he was bidding on it too!?? The look on Mr. October's face was priceless when this car barely got above $200K. I think he was willing to buy it back (pay the fees and move on), but in the end once they got close to $300K he probably just swallowed real hard and let it sell.

I realize that car is 1 of 50 or so and that it is the pinnacle of Chevy "factory" cars. And I even used to have a '71 Camaro that I painted that same, beautiful deep forest green. But I also believe that particular color can hold the price of car down somewhat in a cooled off economy. If it had been black or red, would have gone for more $$$.

I DVR'd the whole thing and continue to be appalled by the number of commercials. Sad...

-Dean

[jay bentley]

The Reggie Jackson 69 ZL1 was stated to be a rebody. I'm sure if it was not a rebody you would have seen a much higher price. These cars have traded upwards of 800k in the last year or two.

[A-Snake]

Originally Posted by RedBarchetta

Did anyone else notice that it was Reggie Jackson's car and he was bidding on it too!??

On the streaming video on speedtv.com Reggie mentions this car belongs to a friend. (TV was on commercial at the time) I don't think that justifies him bidding on it however.
Mike Joy made mention the following night that they received a lot of emails questioning Reggie's bidding and he explained that Reggie did not own the car.

[Wayne Maybury]

Sellers bid on their own cars all the time, especially at a no reserve auction. They will either drive the price up or buy it back themselves and pay the commissions. Think about some guy who has $100,000 in a car and it stalls at $50,000. He can't let it go for that amount so he (or his buddy) jumps in and starts bidding.

Wayne

[gt500bill]

I think one reason the prices were down as they werent the caliber of cars there usually are. Some of the cars that looked good on tv did not look that good close up. I think the highly restored cars stayed at home fearing the economic turndown and lower prices. I think overall the prices reflected the caliber of cars presented. IMHO