Barrett Jackson on Speed...

[*89x2*]

Having spent much time at auctions you learn not everything is as it appears.
Ike

Ike, in that case, the SuperSpeedster could have been bought back - esp. since it got a bid of $240k at Bloomington Gold last June - I would not take a $30k hit, just to sell...

 

[kingman]

Every Vehicle was a "no reserve" this year.

Every year hundreds of people try to get their cars in to the Barret Jackson auction in Ariz but not all of them get the chance.

There is a limited amount of cars that can be auctioned and Barret determines it by how much money they can make period of a favor to a known friend.

There were enough cars this year that had a no reserve clause that they didn't take a single car with a reserve clause, fact.

If an owner bought his car back that would be allowed but it would cost him a total of 16% of the selling price to Barret Jackson, fact.

You have to submit a picture and then documentation and expected hammer price and if it's a reserve or no reserve car and then you will have to wait to see if your car is accepted.

Alan

 

[*89x2*]

Every year hundreds of people try to get their cars in to the Barret Jackson auction in Ariz but not all of them get the chance.

There is a limited amount of cars that can be auctioned and Barret determines it by how much money they can make period of a favor to a known friend.

There were enough cars this year that had a no reserve clause that they didn't take a single car with a reserve clause, fact.

If an owner bought his car back that would be allowed but it would cost him a total of 16% of the selling price to Barret Jackson, fact.

You have to submit a picture and then documentation and expected hammer price and if it's a reserve or no reserve car and then you will have to wait to see if your car is accepted.

Alan

Alan, I hear 'ya on what the book says and I know they turned away something like 4 or 5 cars for every one accepted however, the blue Aerobody Callaway I know Ike was looking at, after it went across the block and "sold", the owners rep. was working a dealin the "pits' - really, he was over in the smaller tents with the car and tried selling it - he was getting an offer foe mid-30's but wasn't letting it go for that - he even asked me what I thought it was worth and identified himself as the "mechanic" for the car (owner)

It would make it rather expensive to buy back your cars at an auction, but stranger things have happened...

 

[kingman]

It's a Circus!!!!!!!!!!!!!

Yes there are a lot of things that are done and not advertised but thats the democratic way. As far as dealing with expensive cars there are a lot of games played but when it comes down to the Barret Jackson auction it's really hard to
misrepresent what a car really is with all of the experts around, not that it's impossible.

if we knew what really went on at an auction we wouldn't attend one. The auction house wins no matter what happens plus the admissions, rental booths and various services including detailing and transporting vehicles did l leave out the food and beverages.

You cannot buy anything unless you know what you are doing period or it could cost you a bundle. And you can bid yourself or have anyone bid to raise the price their, via phone or internet or a sealed bid.

Even though l would love to go, l do not have the control to sit on my hands and all l would do is get myself in hot water with my bride.

Alan

 

[C-4 Now]

Kingman, Alan. I did see that this year B-J had no available spots and could dictate that cars were no-reserve. some of this is definately because of some of prices paid at recent B-J Auctions. I think all slots were filled like 3 or 4 weeks befor auction. Have a couple of connections out there some of the behind the scenes stuff is unreal! Amazingly I don't think this has necessarily been top money place for Corvettes. All in all it is still an amazing event and you are very right that no matter what the house wins just like Las Vegas and just like Vegas the big shooters get the attention. Because my parents have a winter place out there I will be back, but was glad it wasn't this year. Looked cold and wet just like last year. Anyway it's still a learning experience and one I'm glad I had.
Ike

 

[GerryLP]

As they said on air during Saturday's $100K increments in various auctions "This is where you separate the men from the boys". The unfortunate thing is that the "men" usually are individuals that are there just to turn a buck. Mr. "Multi-Colored jackets" was one of them. This year he was back selling off his Camaro's and I suspect other cars. To me, it was clear that it was just a business sense issue with him. I liked it when a old man or woman won a bid. One can tell that with them it was a dream fullfilled or lifelong goal being accomplished.

I am not trying to knock off the event, and the only thing more than democracy is probably free trade, so it is great to live in a country that all these things flourish. I just happen to be a bit more "romantic" about the true potential of these auctions to re-unite former owners of a particular car type again. My dream would be for a 1961 Impala or Bel Air, 1971 Nova or Acadian, 1962 VW Rag-top bug, a 1968 Volvo 242. These are all cars that my parents owned or I have owned. Their sentimental value is very high.

wasn't the one guy making a museum out of his purchases :confused

Yes! That's what he said. I hope that I will be able to visit the new museum.

GerryLP:cool

 

[kingman]

Important Vehicles!!!!!!!!!!!!!

Almost all of the high ticket vehicles went to museums and were sold by museums.

The $3million concept car is definitely going to a museum or a group.

Most of these cars are not going to be driven that's the shame of it. Even though the C2's were awesome, how in the world can you enjoy them without driving them.

That's why l enjoy what l have, to love and to drive it.

What made me crazy was watching a young man around 20yrs old bidding on a C2 for $157,000 and l believe he won. Do you think it's going to sit in his garage.

That's why people who have late model garage queens think that down the road they will have a retirement plan parked in their garage have nothing then mental masterbation.

Alan


P.s. When the new C6 Z-06 hits the road it will make every vette down to the 68 suffer price wise. The C2's will rule forever based on heritage, looks and nostalgia not to mention some performance.

 

[jrose7004]

The price they got for that Twin Turbo Charged Callaway made me wish I was there! I think that was the buy of the show! But when I saw that 54 F88 Olds in that catalog I knew right there that that would be the car of the sale!

 

[kingman]

We are missing something!!!!!!!

That Calloway must have had some faults that we couldn't see and today it's nothing special in the eyes of a collector.

With so many new everyday vehicles that have between 350 and 500+ hp it's just another vette so to speak.

In another year or so my 96 LT1 will be beat by your average every day car.

The only vette that will run with them will be the new C6 Z-06 and that is only a maybe.

The new Chrysler 300C with over 500hp and almost 4000lbs will turn 0-60 in 5.2 sec's.

We are no longer the King of the hill. Must start a new thread.

Alan

 

[*89x2*]

Alan, I believe you are mistaken here - the Callaway SuperSpeedster actually did fine.

Although, it technically got a ($30k) higher bid @ Bloomington Gold (@ $240k) last June but had a reserve much higher...

This car brought more money than the only other SuperSpeedster built, which also sold last year at Barrett-Jackson and in my eyes, the other one (from last year) was a better car with is one of one hardtop fitting and LeMans carbon fiber bodywork...

The real bargains right now are the 87 B2K's and the standard body cars from 88+ While their values are very strong right now compared to any other C4, their big time has yeat to come - maybe in 5 - 10 years from now they will go up. In the meantime, the owners are quite happy with the values either remaining constant or as seen in some cases, climbing slightly for exceptional cars.

I think the same could be said for the Corvette Challenge cars of 1988 and 1989 and probably the Grand Sport Corvettes from 1996 will do well over time also - other than that, very little really sets apart the C4's from one year to the next that will dramatically affect values in the immediate times.

In the meantime, enjoy your Corvette

That Calloway must have had some faults that we couldn't see and today it's nothing special in the eyes of a collector.

With so many new everyday vehicles that have between 350 and 500+ hp it's just another vette so to speak.

In another year or so my 96 LT1 will be beat by your average every day car.

The only vette that will run with them will be the new C6 Z-06 and that is only a maybe.

The new Chrysler 300C with over 500hp and almost 4000lbs will turn 0-60 in 5.2 sec's.

We are no longer the King of the hill. Must start a new thread.

Alan

 

[kingman]

Your right.

But keep in mind that the prices that we saw at Barret Jackson were mainly vettes that were restored to a very high standard that very few vette owners have the money to do.

It was mentioned that one had in excess of $60,000 done to it and we have no idea what it was like before.

A well restored car from a top restorer is better then when it came rolling off the line.

I thought that 67 Heavens vette looked better then his sister vette that went off last night. Only the colors were reversed and the hood paint had imperfections.

Alan

 

[*89x2*]

Alan, I just don't believe that Barrett-Jackson is the absolute place to sell a Corvette...


I have been to more than a few auctions and believe that ones such as Bloomington Gold or the auction at Corvettes @ Carlisle can bring dollar for dollar, a better sold price than at B-J

Barrett-Jackson IS howver, one of the most monumental car places I have ever been to and is very fast paced compared to the other two I mentioned - I can only imagine however, where some of these really unique and special cars will be price wise in a decade or two, regardless of the venue

But keep in mind that the prices that we saw at Barret Jackson were mainly vettes that were restored to a very high standard that very few vette owners have the money to do.

It was mentioned that one had in excess of $60,000 done to it and we have no idea what it was like before.

A well restored car from a top restorer is better then when it came rolling off the line.

I thought that 67 Heavens vette looked better then his sister vette that went off last night. Only the colors were reversed and the hood paint had imperfections.

Alan

 

[NevadaJim]

I was there all day yesterday and I can tell you there wasn't a whole lot of rhyme or reason on the bidding. Some of the cars that went for big bucks were not as nice as some that went for a lot less. I was with a friend that owns Corvette Center LTD and has going to B-J for years, and even he couldn't figure it out. We kept joking that they had the free bar too close to the bidding floor

As far as the Vettes that went for an extremly high price, we looked at some of them and, although a couple were extremly nicely done, other's were no better then those I've seen at club gatherings or cruise nights -- one even had stained carpets and a few other obvious flaws.

 

[JJS]

I was there all day yesterday and I can tell you there wasn't a whole lot of rhyme or reason on the bidding. Some of the cars that went for big bucks were not as nice as some that went for a lot less. I was with a friend that owns Corvette Center LTD and has going to B-J for years, and even he couldn't figure it out. We kept joking that they had the free bar too close to the bidding floor

As far as the Vettes that went for an extremly high price, we looked at some of them and, although a couple were extremly nicely done, other's were no better then those I've seen at club gatherings or cruise nights -- one even had stained carpets and a few other obvious flaws.

I was watching with my wife late yesterday, and what appeared to be an extremely nice '65, 327/350 roadster w/side exhaust sold for $45k. I told my wife that I wish I was there just for that one car, and I would have been sick if I didn't get it. She said "I know you'd never let that one get by you!"

It looked perfect from my couch.....but who knows? Maybe the bidders saw something wrong. It was supposedly a numbers matching car.

 

[8388]

Being that BJ is such a popular auction, and televised, and since more than just a couple of Callaways have gone through their run ways at various times. Callaways Corvettes are starting to get more and more of its deserved exposure. Alot more automotive enthusiasts are becoming familiar with the Callaway Corvettes. It won't be long before these cars are sought after due to their investment potential.

 

[elifino]

Callaway's

I attended the Barrett Jackson Auction the same guy that bought all the Callaway's last year bot all this year. I don't know his name but he has quite a colllection they say. It was quite a show! They seem to be the best at schedueling the very best arround prime time and the TV coverage.

 

[*89x2*]

I attended the Barrett Jackson Auction the same guy that bought all the Callaway's last year bot all this year. I don't know his name but he has quite a colllection they say. It was quite a show! They seem to be the best at schedueling the very best arround prime time and the TV coverage.

elifino - Wow :eek If that's the case, he now has eight Callaway cars :eek :cool

 

[elifino]

That is what I was told at the auction, my wife said the Speed channel people talked live confirming this , at least eight... Allen

 

[elifino]

That is what I was told at the auction, my wife said the Speed channel people talked live confirming this , at least eight... wow

 

[Ken]

Every time I see the title to this thread I have to chuckle. It wasn't that long ago when "... on Speed" had a whole different meaning. :L