Barrett Jackson Collector Car Auction

Barrett Jackson Collector Car Auction (Full Version)

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happypervert -> Barrett Jackson Collector Car Auction (1/18/2007 1:29:56 PM)
This is on tv this weekend on the Speed Channel. Muscle cars, land yachts, hot rods, pick up trucks, sports cars and basically anything all restored in pristine condition -- they even have a camera that shows underneath the cars and they're all sparkling. They ain't just cars -- they're works of art, and high rollers are there to pay top dollar. I saw one sell 2 years ago for $3 million. And you can see things on the auction block you wouldn't expect -- I just saw a stagecoach sell for $45,000, and last year they had Howard Hughes' 1953 Buick Roadmaster (with air filtration system to eliminate dust and germs) sell for over $1.5 million. This is a spectacle, a convention of car nuts with money to burn. It's been running a couple of days already moving the "cheap" stuff under $150,000, and this weekend they will go nuts as the best pieces come up for sale. I end up numbed to some of the prices, and 1/2 million seems cheap!

LotusSong -> RE: Barrett Jackson Collector Car Auction (1/18/2007 2:14:28 PM)
Yup, I live about 30 miles from it. They expanded it this year. :)

Quivver -> RE: Barrett Jackson Collector Car Auction (1/18/2007 5:07:17 PM)
Ohhh Ohhhhhh Oh! I Wanna Go!!! ............... or just get a Job with them.

KenDckey -> RE: Barrett Jackson Collector Car Auction (1/18/2007 5:18:25 PM)
I am still impressed with Buck Rogers (from the old movie serials) car at Stone Mountain GA

SDFemDom4cuck -> RE: Barrett Jackson Collector Car Auction (1/18/2007 5:30:50 PM)
Out here we have the Nethercutt Collection in Sylmar, CA. The museum itself is palatial and all the automobiles are not only pristine but in running order. The director drives a different one every month. I've waited 4 months at times to get into a viewing but it is more than worth it. Their cars win The Pebble Beach Car Show quite often. They have a couple of Howard Hughes' old cars as well as many other famous autos. Each one is displayed with their value listed; more than 20 of them have unestimatable value because they're one of a kind, prototypes etc. I've included a link...anyone that ever has the opportunity to see the two collections there should take it. It's truly amazing. http://www.nethercuttcollection.org/index2.html

happypervert -> RE: Barrett Jackson Collector Car Auction (1/18/2007 6:24:14 PM)
Earlier today they sold a Porsche that was bought at the auction last year for $135,000. Maybe the buyer thought it would be a good investment or maybe he just needed the money, but it only brought $90,000 this year. At first that looks like a $45,000 loss, but that is without commissions. The buyer and seller each pay -- I think it is 10% for sellers and 8% for buyers. So he also paid about another $19,000 for the priveledge of of owning that car for a year. Gee -- I could have sold him a clue for 1/2 of that!

happypervert -> RE: Barrett Jackson Collector Car Auction (1/19/2007 2:03:07 PM)
I have no idea how they determine value for these cars, except simply that they are worth what someone will pay. Somebody paid $56k for a 1951 Volkswagon. Somebody else paid $49.5k for a 1954 Jaguar Somebody else paid $55k for a 1961 Corvette convertible Somebody else paid $165k for a 1958 Corvette convertible I think someone has to be insane to pay more for a VW than he would have paid for a Jag or Vette, and I bet the guy who bought the $165k Vette ships it home and throws a dust cover on it while the guy buying the "cheap" one probably drives it around for fun. This is nuts! That's why it is fun to watch. Oh, and somebody else paid $32k for a Volkswagon Thing. I bet someone must have dared him to do it -- "I bet you're not stupid enough to go to the auction and pay way too much for a Thing." . . . "I'll show you that I am!"

SDFemDom4cuck -> RE: Barrett Jackson Collector Car Auction (1/19/2007 3:22:22 PM)
OMG 32K for a VW Thing?? I had one back in HS, paid less than $500 for it and traded it for an MGB. If I had known I would have left it garaged until now!

LaTigresse -> RE: Barrett Jackson Collector Car Auction (1/19/2007 3:31:57 PM)
I love watching that auction! There are two cars being sold this year that my son restored. He will be on the phone all freakin weekend and totally pumped.

SirKenin -> RE: Barrett Jackson Collector Car Auction (1/19/2007 3:45:30 PM)
Is that what they call those ugly pieces of shit. Things. Heh. I always wondered.

UtopianRanger -> RE: Barrett Jackson Collector Car Auction (1/19/2007 4:56:16 PM)
quote: ORIGINAL: happypervert Earlier today they sold a Porsche that was bought at the auction last year for $135,000. Maybe the buyer thought it would be a good investment or maybe he just needed the money, but it only brought $90,000 this year. At first that looks like a $45,000 loss, but that is without commissions. The buyer and seller each pay -- I think it is 10% for sellers and 8% for buyers. So he also paid about another $19,000 for the priveledge of of owning that car for a year. Gee -- I could have sold him a clue for 1/2 of that! I've have a small collection of restored Detroit muscle cars, and it's my feeling the reason these cars aren't bringing what they were last year and the year before, is the Yuppies are over-leveraged and can no longer use the {false}appreciated book-value in their homes in the form of an ATM machine. Lil' sister lives in the Danville / Pleasanton area of California and she mentioned to me the other day that she's never seen so many thirty and forty-foot boats parked in front of peoples homes for sale in her life. They say that the boats always go first ; } - R

DixonTSmiss -> RE: Barrett Jackson Collector Car Auction (1/19/2007 5:15:18 PM)
As a car restore i have sold many cars at the Houston Astrodome car auction and a few at Barrett-Jackson before....it's like the old saying when selling cars " Ya' Pay Your Money An Take Your Chances"...some times you win (make money )--most times you lose. But it's like whipping a subbies bare bottom--its the thrill of the game Mistress Robyn

petdave -> RE: Barrett Jackson Collector Car Auction (1/19/2007 6:23:46 PM)
i always have mixed feelings about the B-J auction. On the one hand, i literally get chills at some of the cars that i see on the block there- stuff that trades hands only once in a decade, never to see the light of day again. On the other hand, i hate what speculators (and the scams, snobs, and attitude that their money brings) do to the automotive hobby. i could never see a fine automobile as an investment, only as a machine to be enjoyed (which is a good thing, considering how much money i've lost on my old car habit!). ...dave

happypervert -> RE: Barrett Jackson Collector Car Auction (1/20/2007 9:09:34 AM)
I quote: 've have a small collection of restored Detroit muscle cars, and it's my feeling the reason these cars aren't bringing what they were last year and the year before, is the Yuppies are over-leveraged and can no longer use the {false}appreciated book-value in their homes in the form of an ATM machine. I wouldn't draw the conclusion from the one example I gave that these cars aren't bringing what they used to (though I'm not rejecting that possibility either). It could be something as simple as his car being sold on Wed night this year and maybe he bought it on Thursday night last year, and there is a perception that the value of everything increases as the auction goes on. Or there could have been more Porsches last year drawing out more buyers who bid up the prices. Just a few ideas. Tonight should be insane -- they've showed teasers for some items, such as a Cobra that Carroll Shelby built for himself. I expect high zoot custom cars like last year as well. Oh, and though it seemed funny to see the old stage coach get sold, it was just weird to see somebody pay about $70k for a 3/8 scale model of a concept car. Yeah, it wasn't a car you could drive or even something with a working engine -- it was a scaled down model of a "car of the future" that nobody ever built for real. WTF?

petdave -> RE: Barrett Jackson Collector Car Auction (1/20/2007 11:15:24 AM)
quote: ORIGINAL: happypervert Oh, and somebody else paid $32k for a Volkswagon Thing. I bet someone must have dared him to do it -- "I bet you're not stupid enough to go to the auction and pay way too much for a Thing." . . . "I'll show you that I am!" That's a good one. Actually, Things (aka Safaris) are not all that cheap anymore... i've been looking for one for a while, and even a fairly raggedy driver with some rust issues will go at least 4k around here- obviously they were popular beach cars and high school cars, and that's taken a real toll on a lot of them. i've seen really nice ones go over $10k. B-J does seem to bring out the "Oh yeah? Well I'll spend even more!" attitude, though... gotta admire the folks running it, they've made themselves quite the little cash cow. i've also been trying to find a first-gen Austin Healey Sprite (Bugeye/Frogeye), which was an incredibly basic, tiny little car with dismal performance by today's standards, and a restored one goes for as much as a brand new compact car. Meanwhile, powerful, fully-optioned U.S. sedans from the late 60's/early 70's are getting scrapped by the trainload for the steel. It's a weird market. As far as investment cars... i read an article in Forbes on-line that said that muscle cars peaked last year, and a wise investor will sell off their classic muscle and invest in... are you ready?... Corvairs, because they're considered wildly undervalued. [8D] ...dave

happypervert -> RE: Barrett Jackson Collector Car Auction (1/20/2007 7:18:39 PM)
WOW! $5 million for this: http://www.barrett-jackson.com/carlist/cardetails.asp?In_AuctionID=221&In_LotNumber=1301 plus the buyer pays a 10% fee to the auction company. That's a new record for this auction. Beat the old record by $1 million.

happypervert -> RE: Barrett Jackson Collector Car Auction (1/20/2007 9:00:19 PM)
quote: I love watching that auction! There are two cars being sold this year that my son restored. Well, tell us which ones! If he tells you the Lot numbers you can look them up here: http://www.barrett-jackson.com/appstest/carlist/carlistfilter.aspx?auctionid=221 Oh, and I'll be WAAAAYYYY impressed if he did Alice Cooper's Billion Dollar Babies car that had an ATM dispensing billion dollar bills: http://www.barrett-jackson.com/carlist/cardetails.asp?In_AuctionID=221&In_LotNumber=1332 Unfortunately. Alice only got $250,000 for it; I thought he'd get a billion!

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