Keeping score at BJ

[IH2LOSE]

. . . . . unless the seller has a reserve, then it's a 10% fee. On top of the ring fee, entry fee, bidder's fee, etc., etc., etc. . . .

I have not seen one car with a reserve yet,

 

[Fuelie]

They have been saying on Speed that this will be a 100% no reserve auction this time. As the chose the 900 cars out of a possible 5000 entries, they probably pick all the no reserve cars to run as they are certain sales and ensure a solid commission flow.

 

[1KULC7]

I sold a 1996 Camaro Z28 SS, Supercharged, VERY high performance car. It was a actual Camaro build to a TRANS AM car you could drive on the street. It was a SIX YEAR project car... two years ago at the first BJ in West Palm Beach. I felt I should have gotten a little more then what I did, sold it no reserve. Anyhow, you have to go through a long process and be ACCEPTED to have them auction your car, and another fee you pay is the entry fee...

Overall I was very satisfied they treated you very good, and you got open bar the entire weekend :s

My wife and I enjoyed the entire experience and I can really say I sold my car at a BJ auction. I got a fair price, definetly I did not get back what I spent for this car. It was a very special Camaro, was on TV "My Classic Car" on the cover on a national car magazine and was featured in Super Chevy. It won MANY awards.
481 HP with 481 lbs of Torque on 12.5 lbs PSI, but it was much much more.

Out of over 700 cars, mine was one of 10 chosen to be displayed on the bidder floor during the entire event....next to a PHASE III Baldwin Corvette and the other side was a 63 XKE Jag....

I sold it to be able to buy the SPLIT WINDOW my true dream car, which I would have never been able to sell locally and get the price I did. Again they treated me really well, we had a great time, I met several famous race car drivers, and most of all it enabled me to purchase my SWC...

So other then what you see on TV,,,,its a very well run event and I am very happy that I was able to experience it...

Now I just like to sit back and what those beautiful cars go on the block....and just wonder what these people do and am amazed on the money that changes hands.....this is REAL REALITY TV....

 

[67HEAVEN]

I sold a 1996 Camaro Z28 SS, Supercharged, VERY high performance car. It was a actual Camaro build to a TRANS AM car you could drive on the street. It was a SIX YEAR project car...

Okay, Collin. Now that you've got our interest, how about the story and some photos in the "Other Cars" section?
http://www.corvetteactioncenter.com/forums/forumdisplay.php?f=89

 

[1KULC7]

Let me dig through and get some photos and I will post it....stay tuned...

 

[1995 RedVette]

Earlier tonight a 53 was auctioned along with a matching (color combination & Vin derrivative) one-off 50th anniversary C5 as a package. It brought $550k as I recall!

You would think that the 53 might have been worth something in the range of $125-150 and the C5 something in the $75-100 range given it's being a special order. If those numbers are in the right range then the work the owner did to get the special order C5 to match the 53 brought him double what they might have been worth individually. That, and two determined bidders with deep pockets (one of them was the fellow with all the color matching blazers), brought the owner a hefty return on his investment. :s

Rich Lagasse

I wonder of it was a pair from the Corvette Musem in Ft. Wayne Id. I was there July 2003 and the guys that owned the cars each had a 53 and 2003 with matching Vins. One C5 was an auto and the other was a 6 speed. I was told that they were each one of one, because they were 50 annni. models that were white, red int, black tops, and matching 53 Vin #'s to their 53's.

Brett

 

[Ron Miller]

I have not seen one car with a reserve yet,

Most were no reserve cars. However, 19 of the 894 were auctioned with a reserve price. Not sure how many of these actually sold, but you can view them at http://www.barrett-jackson.com/events/scottsdale/vehicles/daylistnb.asp?auctionid=51&inventoryid=1564&page=18

 

[richscorvettes]

I wonder of it was a pair from the Corvette Musem in Ft. Wayne Id. I was there July 2003 and the guys that owned the cars each had a 53 and 2003 with matching Vins. One C5 was an auto and the other was a 6 speed. I was told that they were each one of one, because they were 50 annni. models that were white, red int, black tops, and matching 53 Vin #'s to their 53's.

Brett

Don't know if it was the same ones or not. I've since been told that you could get matching VIN's for a certain contribution to a charity that year and I know that Chip Miller had one with a matching number (last three digits) to his 53. Looks like there were quite a few "one-offs"! In any event I give the seller credit for packaging the cars that way as it certainly seemed to be a good move.

Rich Lagasse

 

[c5vetter]

anyone know what the 1963 Z06 sold for? don't see it listed, but I know it was in the auction catalogue

 

[Ron Miller]

anyone know what the 1963 Z06 sold for? don't see it listed, but I know it was in the auction catalogue

Complete auction results are available at http://www.barrett-jackson.com/auctionresults/common/bj05results.asp

 

[reubenmc]

I wonder of it was a pair from the Corvette Musem in Ft. Wayne Id. I was there July 2003 and the guys that owned the cars each had a 53 and 2003 with matching Vins. One C5 was an auto and the other was a 6 speed. I was told that they were each one of one, because they were 50 annni. models that were white, red int, black tops, and matching 53 Vin #'s to their 53's.

Brett

I was there in Oct. of 03. I know that they had the 2 white C5's with black top and red interiors. There were 25 built like that in '03 each with a signifigant vin number. I know they did have a 53 and an 03 with the same vin #, but the '03 had the anniversery package with the Maroon colored paint. Story on that one was the guy had the 53 and wanted the matching vin numbered 03 so he tracked it down.......it was in Europe!! It's got the Euro spec lights and everything.

 

[Vref]

I especially like the guy who bought the yellow 69 Z28 with the matching blazer. He paid a record price, I think 120+k. then bought a 1953 Vette for 250K. I saw him last night he was selling 3 Camaros in different colors and he had matching blazers to wear as he sold each car. It's defintely a Circus atmospher. They turn on the lights and you have your 15 second of fame . The problem is the remorse that sets in after the adrenaline withdraws. These prices can't last forever.

Hey your talking about my bud.

He paid $135K for the yellow one last year. Its a good thing he is worth a few bucks.

 

[Vref]

This one sold for $70k ish. The restoration was beautiful except;

Non correct stuff i saw was; Valve covers on 65's didn't have crack, powder coated intake & valve covers, I am not sure if the master cylinder is correct.

The seat belts are not correct, and I thought A/C cars had a vent over the clock.

 

[BarryK]

Hi Vref

wow, you are right!
the valve covers, seatbelts and non-factory AC are all wrong.
hmmmmm, does that mean my '65 with correct valve covers and seatbelts and the bigger 327/365 motor is worth about the same??!!


I'd LOVE to see basic '65 SB's be worth $70k but honestly think that it's truely an inflated price. As much as I love my car and plan on dying with her, if I thought I could get $70k for her I'd ship her to BJ for their next auction as fast as the transport truck could get over here!

 

[ctjackster]

"basic '65 SB's"

hey Barry, are you saying we have basic 65 SBs? C'mon, aside from the F.I. SB, we have the top of the HP class of 65 SBs - 250, 300, 350 . . . . 365! Not to mention the "enchanting" Milano Maroon exterior color

 

[Elusive 67]

In review of the B-J auction, I watched most of the 24 hour coverage and have a few thoughts about the mid-year prices:

* With over 300 Chevrolets and 100 Corvettes to sell, the potential for the prices to flatten out did not happen.
* About 42 C2 mid-years were sold with some very strong prices for SB as well as BB.
* The auction day did not matter as big prices were paid in the middle of the week and on Sunday
* Scottsdale will probably be No Reserve Only for the next few years as over 5000 cars competed for 1000 slots. The TV interview with Craig Jackson caught his comment that they sorted the "Reserve" cars from the "No Reserve" cars and chose good cars specifically from the NR pile until they had all 1000 slots.
* You will probably see Reserve cars spill over into other BJ events like Palm Beach. Unfortunately, Hollywood egos (and money) do not venture across the Rockies. The auction results for similar C2 vehicles is about 30%-40% less.
* On the upside, the 2005 Scottsdale C2 values were rock steady:
42 mid years sold for an average of $99.5K (all prices paid include 8% Buyers premium) for a total of $4,179,000
$189K high
$ 45K low
$ 84K median

20 Coupes sold for an average: $100.8K
22 Convertibles sold for an average: $98.3K
21 Small Blocks sold for an average: $ 74.9K
21 Big Blocks sold for an average: $ 124.1K

The average costs to attend and place a car in B-J will range from $12-15K after all commissions, fees, hotels, and airfare are paid based upon my experience this fall.

Just a quick look at Mid-year numbers...what do you all think?

 

[Vref]

Thanks Elusive thats good info. s:

You know something else that sold that was out of this world was that Mercedes Gull wing replica. $240K ish. Here is a pic with that speed vision guy, can't remember his name.

]

 

[kbuhagiar]

I wonder how much this one will draw? CLICK!

-Mac

Y'know, it may be a collector's item, but...how can I say this nicely...it's not my cup of tea. :ugh

 

[BarryK]

"basic '65 SB's"

hey Barry, are you saying we have basic 65 SBs? C'mon, aside from the F.I. SB, we have the top of the HP class of 65 SBs - 250, 300, 350 . . . . 365! Not to mention the "enchanting" Milano Maroon exterior color

I know what you are saying, but when people are looking at high priced '65's they usually think of F.I. cars or 396BB cars.
Also, while the 327/365 is the top non FI SB, a car without PS (not available on our 365hp anyway), PB, PW, factory AC, or original factory KH KO's is what I would still consider a more "basic" car.
Hey, don't get me wrong, I LOVE my car as you do yours and you will get it from me when you can pry it from my cold dead hands, but I don't see the value legitimently being worth $70k.

Than when you see the above mentioned car with aftermarket AC, wrong belts and valve covers, it just boggles my mind. Personally, I think too many of the bidders at B-J have more money than brains and they get caught up in the excitement of the event and the crowd cheering.
My family has been in the auction business for almost 90 years so I have seen it happen all the time. it just takes 2 people that don't want to let the other person get the item and the bidding escalates beyond the true value of the item being bid on. I remember one time we were doing a farm sale and a 15 year old John Deere combine was being bid on. two farmers started against each other and they ended up taking the bidding up to almost $100k - over $20k more than a brand new one would have cost at the time!!

 

[67HEAVEN]

Y'know, it may be a collector's item, but...how can I say this nicely...it's not my cup of tea. :ugh

Being in the hobby at that time (and earlier) I know why Rosen chose the headlight treatment. It was at the beginning of America's love affair with European exotics, and who was he to miss any trend?

I, too, don't care for the headlight treatment, but without it the cars were very interesting and great performance vehicles for their time.