The Barrett Jackson this week

[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).