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Classic Cars, Coupe, Convertible, Truck, Sedan, Wagon
Jan 18, 2008 (7:28 am)
I've been watching the ongoing Barrett-Jackson auctions the past couple of nights and I'm just amazed at the prices some of these cars are bringing!
But I'm sure in many cases, the restoration costs far exceeded the prices bought.
A lot of these cars are over restored far beyond they way they left the factory.
#2 of 70 Re: Barrett-Jackson [isellhondas]
by MrShift@Edmunds HOST
Jan 18, 2008 (8:21 am)
Yes, one has to be careful in comparing some of the B-J cars to the ones in your neighbor's driveway. Also one has to be careful to believe that there is a real bid on some of the cars.
But in some cases, the bids are just not smart, and the bidder would find it nearly impossible to re-sell the car privately for what he paid. I've seen some cars drop 30%.
Of course, the PREMIUM cars with HIGH DEMAND are holding steady but that's the cream of the crop. The rest of the crop is going soft.
Lots of European bidders by phone I'd bet. They're sick of old MGBs and little Alfas, they want to top-notch expensive stuff because they are shopping with Euros, so essentially they are only paying perhaps 70% of what you see the price listed at in USD.
#3 of 70 Re: Barrett-Jackson [Mr_Shiftright]
Jan 18, 2008 (8:26 am)
I watched some last night, and (for the hour I watched) none of the cars failed to meet reserve - that seems odd, or did they have a 'no reserve' night?
#4 of 70 Re: Barrett-Jackson [texases]
Jan 18, 2008 (11:15 am)
I've watched nearly every minute of the Barrett-Jackson coverage this week. I even sat through the brutally painful auction of the Monster Garage creations. Good Gawd! What a huge was of time.
In any event, none of the cars have sold with a reserve. B-J has strictly been a no reserve auction for the last five years or so.
#5 of 70 Re: Barrett-Jackson [parm]
Jan 18, 2008 (11:19 am)
B-J has strictly been a no reserve auction for the last five years or so.
Thanks, that's good to know, makes it more interesting, rather than a bunch of fishing exercises.
#6 of 70 Strictly no reserve..
Jan 18, 2008 (3:38 pm)
I enjoy watching the "floor assistants" work the bidders. These people can make things happen. "Amy" is a real babe too!
In addition to the prices paid, there is a 10% bidders fee to be considered too.
And, some of those cars, I keep thining, "what if something breaks".
A 1929 (I think) Nash went through last night. What in the world would a person do if somthing irreplacable were to break?
Not like a 1955 Chevy where they reproduce everything.
#7 of 70 Re: Strictly no reserve.. [isellhondas]
Jan 18, 2008 (8:28 pm)
"what if something breaks"
Well, that applies to lots of the pre-war stuff, there are shops that can make many of these parts from scratch - they are pretty lightly stressed. Not cheap, that's for sure. Also, there is some commonality in axles, engines, transmissions.
#8 of 70 Need a touch of info
Jan 18, 2008 (9:00 pm)
New here, fellows. I joined the site because I thought I would certainly need some help on a restoration of mine. Found it to be far more interesting than just that. Anyhow, I picked up a solid body 1973 Javelin 401, complete with roller cam and rockers, Holly 780 on a Torquer manifold, .080 overbore. T-10 4 speed. I've decided it's deserving of a major, as I bought it from a lifelong friend who needed money and has had the car from day one. The driveshaft busted, and broke the U-joint saddle at the differential. Anybody have any idea what AMC was using on this muscle car? I assume some Mopar piece, but this not an area I'm versed in. By the way, he has Camaro leafs on it, a direct bolt in. Figure. Thank you.
#9 of 70 Re: Need a touch of info [hymes]
Jan 18, 2008 (9:04 pm)
Uh, apparently I've already screwed up and posted this under an existing topic. Sorry.