Barrett Jackson Speciality Auto Auction - Post Property Bubble

no_vaseline_IHB

no_vaseline_IHB

New member
I'm watching me and Graph's Villa Park neighbor sell the first off the line 1955 Ford Thunderbird move for a small fortune of $600K. I'm suprised it sold that high based on what some of the other stuff I saw sold for, but it is one of one.



I watched a COPO Camero with the all aluminum big block sell for $300K. It was nicer than the last one I saw sold that moved for over a million bucks!



Bill Goldberg sold a hemi clone Mopar for $75K, which is probablly $25K under the cost to build it.



Somebody paid $375K for a former Jeff Gordon Nextel Cup car that won a couple of races. The car had history and was auctioned off for Rick Hendricks lukemia charity and was fully freshened by the Hendrick race shop, so it's as gennie as you're going to get one of these cars. Probablly overpriced by $275K.



In short, car prices have left the WTF zone unless they are really special. Kind of like houses.
 
The one of one Allard hillclimb car (the cover car for the action program this year) just sold for $185K. An absolute steal.



http://xs135.xs.to/xs135/09030/bj1548.jpg



<a href="http://www.carcollector.com/index.php/features/38-featured-news/216.html">http://www.carcollector.com/index.php/features/38-featured-news/216.html</a>



By comparison, a 2005 Saleen S7 is currently over $300K. WTF. People have no taste. BK is right.
 
C'mon man, cars are like women... the right one is priceless, and the rest are still fun to drive. Subjectivity is the name of the game.
 
Nice to see. I've been seeing alot of nice cars getting cheaper and cheaper. I want to see what the Dusenbergs/Bugattis/Bentlys will go for.
 
[quote author="biscuitninja" date=1232335003]Nice to see. I've been seeing alot of nice cars getting cheaper and cheaper. I want to see what the Dusenbergs/Bugattis/Bentlys will go for.</blockquote>


I doubt you'll see those cars soften up much. Even when nobody wanted them, they were still expensive. Handbuilt pieces of automotive elegance from an era where tooling was expensive and labor was cheap (as opposed to today).
 
Keep in mind each of the people in the bidder's area paid $500.00 to be there and the rest paid $30-$50 to browse around.



I didn't attend this year but had a blast last year.



There were no big sales such as the Oldsmobile concept car from a couple years ago that went in the 3 million range. The Ford Tri-Motor airplane did go for 1.1 million and a guy said it would take 2-2.5 to restore so whatr does that say about the market.



The really big spenders were Ron Pratt, Rick Hendrick, and a couple of others. Really high dollar buyers weren't too deep.



It would be interesting to see the total sales numbers against last 2 years. I think they were a little softer in the higher ranges with fewer high end sales.



enjoy!
 
[quote author="awgee" date=1232364898]no_v, was the copo a Yenko?</blockquote>


No. The one I was speaking of came from the GM heritage muesum. It was green, with aluminum OE cast intake, valve covers, heads, and block. A COPO Yenko Camero went right after that one for $285K.
 
xsocal - I am watching the Barratt Jackson auction in Florida. It seems prices are getting reasonable. IMO, Amy Assiter is a babe.
 
<a href="http://pret-auto.org"><span style="color: #EBF4FB;"><u>pret auto</u></span></a>

really? Women and cars can't be that bad. Priceless? They're are sometime either unvaluable or invaluable! Frankly to say^^
 
You must log in or register to reply here.
Back
Top