Cobra's and Barrett Jackson

[jwd]

Originally Posted by marcocsx3121

The collector car market, along with the economy, remains in the tank.

There were several models of cars where the prices were up. Many were GM cars. 57-67 Corvettes and 67-69 Camaros (mostly Z-28's). Overall, prices were substantially higher than last year.

[csx4910]

I would disagree about the prices. Several of the cars sold have sold previously at other auctions in the past for 30% more than they did this year. Shelby mustangs, boss 429 etc several were 20-30% less than last year. I havent missed a BJ for 20 years. ALsothough I am far from an expert do the math, instead of 750-900 cars about 4 years ago, they are selling 1300 cars, many of which at lower price points to make the same overall dollars. The quality of the cars was also much lower. 60's vettes that were bringing $100K or higher 1-2 years ago were in the 70-80K range.

On the other hand, people with money still have money and spent much higher on some customs than I thought they would go for. Lets face it, the Ron Pratt's of this world are not or never will be hurting for money. I saw more cars sell for $30-60K than I have ever at Barrett Jackson in a long time.

The high seller for the auction was a Corvette with matching Cigarette boat and trailer for $675K. I believe, (and I know you all will correct me if I am wrong) it was the first year in at least 8 that they didnt have a million dollar car if not many. The highest dollar cars were for charity(great cuases all) but paying $450K for a $50K mustang isnt a true reflection on the car hobby, it is a great tax write off for the rich and teh charities benefit greatly for it. I appreciate that about barrett jackson but they tied up much of prime time saturday with charity cars because they lacked true, high worth cars that would normally be sold during that time slot.
Ron

The SPF for 33K was indeed yellow, a very bad color to paint about any car except a ferrari

[DAVID GAGNARD]

Originally Posted by csx4910

I would disagree about the prices. Several of the cars sold have sold previously at other auctions in the past for 30% more than they did this year. Shelby mustangs, boss 429 etc several were 20-30% less than last year. I havent missed a BJ for 20 years. ALsothough I am far from an expert do the math, instead of 750-900 cars about 4 years ago, they are selling 1300 cars, many of which at lower price points to make the same overall dollars. The quality of the cars was also much lower. 60's vettes that were bringing $100K or higher 1-2 years ago were in the 70-80K range.

On the other hand, people with money still have money and spent much higher on some customs than I thought they would go for. Lets face it, the Ron Pratt's of this world are not or never will be hurting for money. I saw more cars sell for $30-60K than I have ever at Barrett Jackson in a long time.

The high seller for the auction was a Corvette with matching Cigarette boat and trailer for $675K. I believe, (and I know you all will correct me if I am wrong) it was the first year in at least 8 that they didnt have a million dollar car if not many. The highest dollar cars were for charity(great cuases all) but paying $450K for a $50K mustang isnt a true reflection on the car hobby, it is a great tax write off for the rich and teh charities benefit greatly for it. I appreciate that about barrett jackson but they tied up much of prime time saturday with charity cars because they lacked true, high worth cars that would normally be sold during that time slot.
Ron

The SPF for 33K was indeed yellow, a very bad color to paint about any car except a ferrari

From what I watched and I watched a good bit, I too thought the 60's Vettes that were easily bringing 100 to 150k a few years ago going for 50 to 70k.....
a 55 and a 57 T-Bird each went for less than 40k, 5 years ago, they would have easily brought 75k each.........
I saw one couple that sold a car, I think it was a Shelby Mustang walk away from the block with a look of disgust on their faces as the car sold for about 30 to 40% of what I thought it should have gone for...........A lot of cars were "well bought" and some of the "custom" and resto cars went for stupid money.......
Each year things change,fads come and go,so you never know what to expect.....
David

[Dens]

Here's a link to the Scottsdale sales.

http://www.barrett-jackson.com/appli...&ed=01/23/2011

Pretty easy to use.

I was surprised by some of the deals. I do think the boss cars were holding their value. Boss 302s and 429s are both out of my range.

[PurpleVenom]

Did you see a replica Austin-Healey there? Friend told me that the announcers were fooled thinking it was a real one. (?) Wondering what make it was if you did.

[SandyC]

I went to B-J last Monday and took some photos and also a few quick videos mostly of Cobra related stuff.

http://sancornel.com//Barrett-Jackso...ras/index.html

(requires Flash, and broadband would be nice)

[Mulv]

You should have taken your car to Russo and Steele. A replica CSX car went for $335,000- with the premium. Even a midstates went for 70.. go figure

http://www.russoandsteele.com/

[RestoCreations]

This was my 3rd year attending, second year selling a car, and i thought the quality of cars this year was outstanding. There were still several turds, but most of the cars were exceptionally nice and i can guarantee that most sellers did not even come close to breaking even. I know that i ate 17,000 on the car i sold at the auction this year. My car went really late on Thursday night after the charity cars. Hardly any bidders were left.
I thought the two continuation Shelby cars selling for over a hundred and at the same price was odd as well.
I'm glad i did not have a bidders pass this year or i would have brought home a 65 fuelie corvette and a 61 Corvette. Plenty of deals to be had for nice collector cars. The C1 and C2 Corvette market is in the tank, minus a few outliers that made absolutely no sense at all-ie, a guy paid almost 90 grand for a small block 67.
Anyway, i had a great time even though i lost money. It's a great auction to attend and i am sure i will be back again.

[cobrarob]

I could not beleive the money that was paid for that lime green charger or challenger with the engine sticking gaudilly out of the hood , $280,000 , I think the car was called FRANKEN.............something

The guy could have bought the car new off any Chrysler lot and had the mods done for way less

The guys bidding there are in a completely different financial category