Barrett Jackson post auction discussion

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allenman85
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Barrett Jackson post auction discussion

#1

Post by allenman85 » 22 Jan 2018, 19:32

I'm always in awe as to what sells and what doesn't on BJ. This year is no exception. So I'm interested in what caught your eye?
Here are my head-scratchers:
1058 115k
https://www.barrett-jackson.com/Events/ ... BLE-201245
1419 220K
https://www.barrett-jackson.com/Events/ ... BLE-213174
1412 $440k
https://www.barrett-jackson.com/Events/ ... BLE-213376

A GTO for 400K??? Really?
Why would 1058 sell at half of 1419?

Comments?
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CougarCJ
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Re: Barrett Jackson post auction discussion

#2

Post by CougarCJ » 22 Jan 2018, 20:35

The 220k Shelby is a concours type of restoration. It was professionally restored by a highly regarded restoration shop to original 1968 condition. The red car that sold for 115k? while nice looking, it has been refurbished to an amateur standard. It is a factory A/C car, and it is now missing. No smog, aftermarket parts, chromed parts under the hood, etc. all would be incorrect in a judged show. Clearly rebuilt to the owners taste.
These two examples illustrate why; correctly restored cars, sell for lots of money.

I don't know about Poncho Goats. :lol:
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Re: Barrett Jackson post auction discussion

#3

Post by J_Speegle » 23 Jan 2018, 00:06

CougarCJ wrote:
22 Jan 2018, 20:35
The 220k Shelby is a concours type of restoration. It was professionally restored by a highly regarded restoration shop to original 1968 condition.
The red car that sold for 115k? while nice looking, it has been refurbished to an amateur standard. It is a factory A/C car, and it is now missing. No smog, aftermarket parts, chromed parts under the hood, etc. all would be incorrect in a judged show. Clearly rebuilt to the owners taste.
These two examples illustrate why; correctly restored cars, sell for lots of money.
+1 Different as night and day. And unfortunately some bidders can't tell or know the difference.

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Royce
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Re: Barrett Jackson post auction discussion

#4

Post by Royce » 23 Jan 2018, 05:56

The $115K Shelby was a decent deal if you didn't mind that it was not numbers matching and now had a 4 speed. Come to think of it the price was about average for a driver quality car without the buyer's premium. With the buyer and sellers premium considered it maybe sold a bit higher than it should have.
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Royce
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Re: Barrett Jackson post auction discussion

#5

Post by Royce » 23 Jan 2018, 06:02

The Lime Gold Shelby was fastidiously restored, numbers matching, and a KR convertible with Air Conditioning. Unlike 98% of the 1968 Shelbys that you see, this one has the correct steel wheels and hubcaps that came on the car when new. Every visible detail is correct and awesome. It sold for a bit more than it should have. I suspect it would typically sell around $170K between private parties in a non - auction, non - intoxicated setting. But hey that's why this is so much fun to watch on TV.
1968 GT-E XR-7 W code 427 Augusta Green / Saddle
1968 XR-7 R code 428CJ Ram Air Red / Black
1910 Model T Ford Touring Red / Black
1914 Model T Touring Maroon / Black
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Royce
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Re: Barrett Jackson post auction discussion

#6

Post by Royce » 23 Jan 2018, 06:04

The green RAIV convertible 4 speed GTO is an example of wildly overpaying for a nice $125K car. Wow.
1968 GT-E XR-7 W code 427 Augusta Green / Saddle
1968 XR-7 R code 428CJ Ram Air Red / Black
1910 Model T Ford Touring Red / Black
1914 Model T Touring Maroon / Black
1915 Model T Ford Touring Black / Black
1917 Model T Ford Torpedo Runabout Green / Black
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bmwhd1
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Re: Barrett Jackson post auction discussion

#7

Post by bmwhd1 » 23 Jan 2018, 10:30

Royce wrote:
23 Jan 2018, 06:04
The green RAIV convertible 4 speed GTO is an example of wildly overpaying for a nice $125K car. Wow.
Agreed. That was twice even my wildest speculation, especially given the color combo.

Here are a couple of others I watched in person that made me laugh/cry:

https://www.barrett-jackson.com/Events/ ... BLE-215972
$60.5k - No idea why.

https://www.barrett-jackson.com/Events/ ... BLE-215828
$23.5k - I thought this would go higher. Should have bid myself.

https://www.barrett-jackson.com/Events/ ... ION-212446
$70k and not even a real '65. A re-creation off of an '80 Samba.

https://www.barrett-jackson.com/Events/ ... 302-210906
$55k - This one shocked me. We spent a lot of time going over it and I expected it to get much closer to six figures.

https://www.barrett-jackson.com/Events/ ... UTY-213242
$121k - I know these are bringing stupid money these days and this was a very nice looking car but really?
Todd

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BossElim69
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Re: Barrett Jackson post auction discussion

#8

Post by BossElim69 » 23 Jan 2018, 11:29

On TV I noticed more cars with reserves crossing the block this year. BJ spending a little more time with the reserve cars trying to get them to hit the sell mark.
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BAust
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Re: Barrett Jackson post auction discussion

#9

Post by BAust » 23 Jan 2018, 12:44

BossElim69 wrote:
23 Jan 2018, 11:29
On TV I noticed more cars with reserves crossing the block this year. BJ spending a little more time with the reserve cars trying to get them to hit the sell mark.
They seemed to start with these "galleria" cars or whatever they call it back about 3 years ago..with very mixed results on even hitting reserve.

Frankly, I don't like it..It totally blows their momentum and flow of the auction. Also, the time to buy is still Saturday night at about 9:30 local time and after. The later the better. Does the internet also shut down at that time or something? haha. It amazes me how the buyers just head out after the TV cameras are off (heck, they were right after the Ford GT!) and there are relative bargains to be had. Sunday am the same thing..
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Don Rush
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Re: Barrett Jackson post auction discussion

#10

Post by Don Rush » 23 Jan 2018, 13:41

https://www.barrett-jackson.com/Events/ ... 302-210906
$55k - This one shocked me. We spent a lot of time going over it and I expected it to get much closer to six figures.

The color is not inspiring, base level interior, headers, no smog, dinged up strut rod supports. With fees, taxes and the ride home I doubt if he were to sell it this spring he would do much better than break even IMHO

As for folks leaving at 9pm, consider that the average age of a bidder these days seems to be about 62. If they buy their first beer at 1pm with lunch and keep a steady pace by 8pm they are blurry eyed and their wife is tugging at their arm to head for the hotel room...

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