Cobras sell at Barrett Jackson

[1985 CCX]

It's interesting as the cars are all over the place on sale $
Remember auctions can be deceptive as cars that appear sold may not be etc.
When 3021 sold it sold to a fake bidder then next highest won two days later.
Know this as I know the story from #2 bidder
Not smearing BJA just saying these auctions are not clean.

[twobjshelbys]

Originally Posted by 1985 CCX

It's interesting as the cars are all over the place on sale $
Remember auctions can be deceptive as cars that appear sold may not be etc.
When 3021 sold it sold to a fake bidder then next highest won two days later.
Know this as I know the story from #2 bidder
Not smearing BJA just saying these auctions are not clean.

Everyone has stories about how the auctions are rigged by the auction house. Noone has ever came forward with proof. If thre were I'm sure we'd see it in court and in the real press not just "I heard from someone that heard".

Neither does it prevent a seller from placing a shill buyer. It's pretty hard for the auction house to control that.

However, I know of multiple instances where the PARTICIPANTS are not entirely honest. The best example was the Bugatti Veyron at BJ a few years ago where an overexhuberant bidder figured he'd be outbid at 650K but wasn't. He admitted he couldn't afford it and was ejected from the site and banned for life. Craig Jackson broke in after the subsequent car was finished and offered the car to the previous bidder who rejected the offer so Craig bought the car himself, and you still see the car at the auctions with a BJ sticker on it (nice company car )

The all over the price was also evident in many other places.

The single thing worth noting over the last few years is that if you want to buy a recent vintage Bentley or Rolls do it at an auction. Two or three year old cars that originally sold for 400K+ are going for pennies on the dollar.

[desgros@vtlink.]

As in so many transactions, let the buyer beware, Needless to say even more so in auto auctions.

John

ERA Slabside #3010

[csx4910]

The other CSX that went Saturday were at $100-105k The buyer of the silver one that sold for $200K had consumed quite a it of alcohol for sure as did many that night. I don’t drink so it is easy to spot. Los, the auction company frequently raises the bid the,selves in hopes of getting a higher bid and if it doesn’t come goes backward. It happened dozens of times this week, both automobilia and cars. At the price the new Ford GT auctioned for charity was hands down the coolest car these.

Overall prices were soft at several auction ESPECIALLY Barrett Jackson. They had some hit it out of the park but they will only hit a higher total this year because they sold 300 more cars. Hagerty will post results and averages for all of the, in the next few days