Why I hate the Barrett-Jackson auction...

I just saw a 1970 Plymouth Hemi Cuda hardtop go for $650,000.

That's outrageous. I could build a clone for a fraction of that price.

There are fantastic Ferraris, like the 275/GTB, that are cheaper, and couldn't be replicated for twice the price...

 

Someone going for a PHD should do a paper on these people! Were did the money come from, what will they do with the lumps, what are they loosing per year on the "investment"? Thank God they don't collect OUR stuff!

 

Hells Belles, They had a clone go for over $150 big ones. I watched it on and off all day today, and just think a lot of people have a lot more money than good sense.

 

I know that the majority of old cars are no where close to those on the BJ auction. Are these prices going to go up forever?

 

I just saw a (seriously nice gennie) 70 Hemi Cuda sitting in the parking lot at our local Diner.

the cuda's owner and a couple other guys were saying the same thing about how fucked up this $$$$ thing is.

 

Yea, for the next 6 months you'll see all kinds of shit for sale at inflated prices with reference to what some car sold for at BJ auction.

Or how about the in old car news about how BJ is greasing the palms of the local politicians & police to create ordinances that won't allow local citizens to put a car for sale on there front lawns while BJ is in town. bullshit.

Billy

 

I had a buddy who totaled his in 75, I bet if he saw what that one went for he would cry .

 

You know, I could care less what some idiots do, the trouble is is we and our kids won't be able to touch any old Cuda, Challenger or Camaro's before long.

And I don't know about anyone else, but that Craig Jackson rubs me the wrong way.

 

Barret-Jackson is like anything else with the good and the bad. It can be great for those people who own a car that goes for outrageous sums as it can increase market value. For others like myself it just further distances us from our dream cars. For anyone who gets into an auction like that...hell even ebay...you can get into a bid war and refuse to let something go to someone else. Bidding fever can really get ridiculous and these auction prices prove it. Just like anything else, these cars will go cold sooner or later. Look at the classical vehicles of the 20's and 30's. They are few and far between now at these type of auctions because the number of people interested in them are dying off. There will come a day when these friggen crap cars built now are collectors vehicles and the cars we love will become what restored-to-original model T's have become.

 

eh, i couldn't give a fuck less about B-J.

letsee, my current fleet is: butchered 27 T sedan, rusty 50 chevy pickup, 51 chevy sedan, 61 falcon 2 door wagon, 63 buick riviera, and my "late model" 73 econoline parts hauler. the closest any of them are to "collectable" to the B-J crowd is the 2 door wagon, heck, a guy offered my girlfriend $800 for it the other day! the popular cars are spendy cause they're popular. i'm an antisocial dweeb who will not own certain cars just because of that popularity, so if all the "cool" guys want to blow their fortunes on em, they can have at it.

also note the difference in how a cuda, and a ferrari were meant to be treated, the ferraris were generally treated much better than your average detriot POS from the 60's or 70's, i bet it's a helluva lot easier to find a "numbers matching" ferrari than a cuda.

 

I agree it's ridiculous, and I couldn't give a shit either Except Joe Blow sees a low mileage highly option big-block '69 Chevelle bring a quarter million on BJ and suddenly he thinks his clapped out 6 cylinder 62 biscayne is worth at least $12 grand.

Just makes it harder on the blue-collar 'entry level' guys to get in on the hobby. Kinda sad.

That's my 2 cents.

 

Yeah the whole thing is out of line, but what is truly stupid is that some idiot will spend $100K plus on a CLONE... If all goes right and the market gets back where it should be that car will be worth $20,000 in 10 years.
I understand going balls out and paying to enjoy a limited production factory car, but man 10 years ago people with clone cars had a hard time selling them to anyone... It is like spending $90,000 on a fiberglass car... Happens all the time... but seems soooo wrong.

Hyfire

 

You sure he was making an offer on the WAGON?

Seriously, why do people waste time bitching about B-J? If you want a Hemi Cuda clone so bad, build one.

Haters .

JH

 

Which only goes to prove the old adage,.........

"Money don't come with instructions !"

 

I was watching on Sat. Night. besides the concept cars and futurliner, which, because of their nature being the only one of their kind (well except for the futurliner) should demand big money the only other car I saw that I could understand going for big bucks was the original 66 shelby. The stupid cars were the chip foose and that other abortion of a 69 camaro, both went for big money but are brand new cars! I just don't get it, and probably never will .

 

Every move these BJ clowns make has a negative effect on every other market! NOW it has become irrelevant to "match numbers" on a collectible vehicle (even if it's absolutely correct) because the prices of the "clones" have gone through the ceiling! You can put a "phoney" restoration together and as much if not more than one you have made a point to keep original and completely intact! Why is this an issue with me? I'm trying to move a certifiable original 62 SS Impala project, and can't get close to it's fair price value! At least in the past the word "ORIGINAL" meant something! Nowadays, if you can't find the real deal, MAKE one, and take it to Barrett/Jackson and sell it for even more than many originals could bring. SPIN THE DIAL!

 

I thought it was good cheap entertainment. Phone rang all the time the show was on.

 

could you call some of those people gold chainers and where do they work.

 

I'm with you. VERY entertaining. I thought it was funny watching them push and stall to try to get the Pontiac to equal/surpass the $$ of the Olds from last year. Then all the "experts" including Jackson himself were floored that a lowly BUS brought the record money .
I bet the owner of the Futureliner thinks Barrett-Jackson is ok!. The comentators said he was looking for $600,000...and he got $4 MILLION!!!
I say good for him! Wataya think...he probly had 300k in it?
G.M.B.

 

the majority of the buyers have no qlue to what they are buying. next time anyone sees one of these high dollar restos at a carshow walk up to the owner and ask him just a few general questions about the car. think he-she will have the answers ? i doubt it. one more thing any of those corvettes camaros mopar muscle hemi max wedge t bolt cars 57 fulie rag tops a resto costs sometimes more than the car sells for. one year they ran a LS-6 ragtop chevelle thru it sold for i think 140.000 they stated the rest cost 140.000 but who knows if that holds water or not but i know its not real cheap to restore a real high buck car mike

 

I was tire kicking on a 57 Nomad. The guy told me, " I've got a trailer, if I can't get my price I'll take it to BJ" What these people don't realize is that only the top 1/2 of 1percent of coll. cars can get into BJ. This ain't your local auction, where you pull it to the end of the line, & some guy puts a # on the windsheld, & you run 'er through.
If it wasn't for people watching & thinking their shit was gold. It would be fun watching people with too much money, pay waaay too much for cars they ain't never gonna drive.

................................

Collector of very special cars....I'm the only person in the world that wants them!!!

 

This is interesting in most of the beliefs about B-J and it's Bidders --except I think some of us are being a little bit biased in the perceptions. Think of these examples...

A brand new Mercedes, Jaguar, BMW, or whatever is not a "good investment" when you drive it off the showroom floor when it is brand new. That being the case does not stop the people who drive those type of cars to do it all the time. I feel sure they know that they could get a better deal if they bought a used one --but that is not what they want. Matter of fact, that same thing could be applied to almost any new car, any new TV, or whatever.

Now as far as a clone, I agree that a clone can be built cheaper --but it will always be a imposter, a fake, an item trying to be something it is not. So why does someone buy a clone? Same thing with a Louis Viton pocketbook, a Rolex, or a custom one-off piece?? Ladies know that they can buy a "knock-off" WAY cheaper, ...or a pocketbook from Wal-Mart that will do just as good, watch wearers know a Timex is MUCH cheaper than a Rolex however those people do not want mediocrity. That is why I have a job in the restoration business. My customers know they can possibly buy a car cheaper than they can have one restored but it wouldn't necessarily be exactly what they want. Therefore I stay busy catering to their needs. Same thing with street rod shops all over the country. That is free-enterprise in it's finest.

I might add that one of life'stoughest lessons I have learned is there is usually no value in the cheapest item. Generally speaking, "big-buck" individuals know this too. That is why they buy the best. Many of my customers were in attendance out there at B-J, and they are looking for the best of the best when they are looking for a new toy. The misconception about those individuals is that they are buying those cars at B-J (or any other auction) as an investment. This is not true. They are buying it as a toy, or as an enjoyment piece. One person I know that was buying out there owns a large construction company where he made over $5M last year. Five million dollars in comparison to buying a $250K car is like comparing a person that makes $20K salary a year that will spend $1000 on a car to play with. Five million dollars may sound like a huge salary but I'll assure you that most of the bidders you saw bidding on the televised automobiles probably make that much, or more annually. And something else to consider, these people did not earn that kind of salary continually making dumb decisions either. These are educated people that have secured the services of consultants on those vehicles prior to the cars rolling on the block.

So does this mean that the price of all cars are going up? Nah, it only means that builders here will find something that seems affordable to them. Our hobby is safe as far as B-J is concerned!! The biggest thing that most H.A.M.B.-ers have that many people in this world do not is the ability to create with our hands what our mind has designed. H.A.M.B.-ers can logically solve problems that many American consumers must go and have "fixed" for them. There will always be a job in society for a person that can do this. He may not always be paid his worth, but he will be able to earn a living.

 

,,,,,,,We all love to hate Barrett-Jackson but I can't help but watchin' some of it!

I have seen cars that I have never heard of,,,,I bitched about so many cameros,chevelles and vetts,,,,

I would love to be in the position to attend the Barrett-Jackson event and have pockets that don't have a bottom

Let's see,,,,yeah,,,a futureLiner cause it's BIG and COOL,,,one of the Woodies,,,a historical HOT ROD,,,,,the Ford VEGA,,,,maybe a HURST SHELBY,,,,I could go on,,,,,,

Funny thing is ,,,I saw a couple of post where guys were talkin' about they would build Cuda' clones before spinding the kinda money the originals were bringing,,,,,,,,,,but at the hint a glass 32 in a post here and it's the ol' switcher-roo in thinking,,,,,

I can't afford a nice steel roadster,,,so I have a glass 32 roadster,,,,but remember ,,,from now on it's a 32 roadster clone ,,,it was built for a fraction of the price! HRP

 

Myself, I love it . Why?

Because I'm watching this made for Hollywood production just like one would watch the stock market. Everytime the gavel comes down and he says "SOLD", the value of what I already have goes up .

Before I retired I sat down with some financial planners for advice. Should I sell my cars? "Hell no", they said. The value is going up and when I plan on selling, it's CASH MONEY. I read that as, no taxes.

So, for the guys just getting started it's tough. But for those of us that are all done buying, I love every entertaining gavel movement followed by "SOLD", as ridiculous as it might be.

 

This guy is going to have a few phone calls today.

http://www.calboyequipment.com/

 

Do you suppose the bidders have to buy their own drinks?

 

He's like Don King, always has that goofy smirk on his face, like "Look at how great I am". He also reminds me of a lying politician, which bugs the hell out of me

 

What's with his new hairdo? Trying NOT to look like a used car salesman?

 

I was thinking the same thing.

I like watching it for a few reasons, first to see some pretty cool rare cars and second to see just how much a person is willing to pay for them. I think the prices on the more common cars is ridculious, but not sure about the "1 of 4" type cars, how do you put a price on something like that?