Barrett-Jackson

[Barry]

Hey Barry I seen on a commercial for the auction that there was going to be an extremely rare 70 GTO (black) going to be auctioned by the quick shot of it I thought, is that the one you did? I missed the whole description of the car but they did say it was 1 of 4 (I think) made and it was the highest point correct GTO, that is what made me think it might be yours.

No, that one was an automatic.

 

[Barry]

I just got in and turned it on at a red 70 Boss Mustang sold for $270k did I miss anything else?

Sunday another sold for somewhere around 60-70 and and even whats his face from monkey garage stopped at $59,000 so must have needed a lot of work,
it looked good a perfect example where setting at home you could not tell the quailty of work.

 

[5wndwcpe]

A quote from another board....

"A bunch of drunk, rich guys, overpaying for cars trying to impress other drunk, rich guys"


Another aspect put forth by a guy who consigns there: When one of the high rollers (John Staluppi comes to mind) starts bidding on a car, it has a chilling effect on the rest of the bidders. They know he has the pockets, so they stop bidding, he get's the car on the cheap and the consignor get's less then he may have had the high roller not gotten involved in the first place. It's counter-intuitive, I know. You would think one would be happy having big money interested in your car, but it may serve to bite you in the end.

 

[DATEC]

For the most part I'm sure there nice drivers and some decent showers especially at the local cruise-in.

The bad part for me is that for the most part it sets the stage for what you will likely get out of your ride you broke your back and bank doing. Even if it exceeds the quality of the one that sold. Most buyers are blind to how much better and as a result you probably won't get the extra money you deserve.

 

[Barry]

A quote from another board....

"A bunch of drunk, rich guys, overpaying for cars trying to impress other drunk, rich guys"


Another aspect put forth by a guy who consigns there: When one of the high rollers (John Staluppi comes to mind) starts bidding on a car, it has a chilling effect on the rest of the bidders. They know he has the pockets, so they stop bidding, he get's the car on the cheap and the consignor get's less then he may have had the high roller not gotten involved in the first place. It's counter-intuitive, I know. You would think one would be happy having big money interested in your car, but it may serve to bite you in the end.

You are right, the three number 1 corvettes that were for sale as a group, I told my wife earlier in the week Rick will buy those cars, sure enough he got them for about 1.5 mil and I had told my wife they should get 2-3 million but once he was in, the bidders started to go away. He got as great deal in my book.

 

[Barry]

For the most part I'm sure there nice drivers and some decent showers especially at the local cruise-in.

The bad part for me is that for the most part it sets the stage for what you will likely get out of your ride you broke your back and bank doing. Even if it exceeds the quality of the one that sold. Most buyers are blind to how much better and as a result you probably won't get the extra money you deserve.

Here is my summery of how an auction works, just my 2 cents worth.

Low mileage
Perfect restored collector. (inside and out)
Or a well done resto rod and most important! A new factory Big engine.

These are the cars that get the big bucks and a good example is look at the trucks, the ones with new LS or coyote engine, will bring twice what a built 350 or 302 .