vettefinderjim
Well-known member
I just returned from the Barrett-Jackson Auction in Scottsdale. Prices were high for good cars. I think new records were set for solid axel cars. A 58 frost blue, charcoal fuel injected body off sold for $108,000!!!!!!!
WOW, car looked great, but that must be a new record.
A 1957 Cascade green fuel injected NCRS Duntov winner sold for $92000. Very nice correct car.
A 54 Corvette white with beige interior sold for $80000.
This auction always has new records set on sales numbers and prices. It appeared however, that educated buyers were buying good cars at fair prices except for the above exceptions. I think numbers of cars sold were down from last year, but American muscle was what everyone wants. European and Exotic items were not in the numbers we have seen in past years.
Due to the amount of NO RESERVE cars, sales ratios will look very high around 85%. I think real numbers are 45%-55% sold is more realistic due to current economy.
Good cars are still selling for very good money however. So isn't it a neat bonus to own a great American icon that you can drive and enjoy and know it's 401K performance exceeds the current market and savings account numbers.
Maybe now Mom will say let's go buy two of them.
Regards,
Jim
WOW, car looked great, but that must be a new record.
A 1957 Cascade green fuel injected NCRS Duntov winner sold for $92000. Very nice correct car.
A 54 Corvette white with beige interior sold for $80000.
This auction always has new records set on sales numbers and prices. It appeared however, that educated buyers were buying good cars at fair prices except for the above exceptions. I think numbers of cars sold were down from last year, but American muscle was what everyone wants. European and Exotic items were not in the numbers we have seen in past years.
Due to the amount of NO RESERVE cars, sales ratios will look very high around 85%. I think real numbers are 45%-55% sold is more realistic due to current economy.
Good cars are still selling for very good money however. So isn't it a neat bonus to own a great American icon that you can drive and enjoy and know it's 401K performance exceeds the current market and savings account numbers.
Maybe now Mom will say let's go buy two of them.
Regards,
Jim