This from one of the guys here at our local Mn. Chevelle/El Camino club.
---> http://www.chevelles.net/forum/ultim...pic/2/639.html
Pat
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This from one of the guys here at our local Mn. Chevelle/El Camino club.
---> http://www.chevelles.net/forum/ultim...pic/2/639.html
Pat
Well, at least that's a legitimate rant if you're into preservation of the unique. I doubt the on air guys will drop that bomb, it undermines the program too much. As with anything, buyer beware.
I haven't watched too much of it this year, but did note that hemi prices are softer than last year as I expected. Vette prices seem pretty strong though, just caught the end of a '58 going for $220K!!! Must have been something special.
I was watching on Thursday night and was pleased to see some pretty nice street rods and muscle cars going for what I consider "reasonable" prices in the $30-40k range. Seems like some of them in past years have been down right ridiculous. A fella could take $50k to the auction on one of the early days and pick something nice up for build price or less.
Pat
i agree .. several bargains this year .. have`nt seen a 69 stang yet i could afford though .. the show is expanding itself into an early death i think .. they waited too late to go to multiple episodes .. one can only watch the same cars over and over so many times you know ..
2 cars I would've seriously considered was a early 60's Nova w/bb, 4spd that went for under 30k the first night and the FFR Daytona coupe that went for $ 37.5
The whole TV auction thing is bogus. They only tape the #1 condition 100 point cars and everybody assumes there rollin wreck is equally valuable. I've seen very regular- yes, real pretty- cars like 58 Mercury, 59 Dodge, 55 Ford go for about double their universal values such as stated in NADA.
That stuff is a fake as "reality TV" is. http://s8.photobucket.com/albums/a15..._whacky086.gif
they've been doing this auction for 35 years. dont see it getting any smaller. it is not easy to get a car across the stage. you must submit a buttload of documentation and pics to even be considered . only the ones going across the stage are no reserve. it is a huge auction . more than just bj. plans are to have a couple cars for next year. my bankers 57 vette restomod may go. i dont think it really effects the streetrod market that much. very few streetrods go across and most do poorly unless someone really wants it. the 55 chevy pu from south texas only went for 55k and it was really nice but the interior hurt it i think. people can ask bj prices but they will soon find out it doesn't work that way. those people are collectors and march to a different drum.:3dSMILE:
I sold a couple cars there many moons ago before it was an annual TV event. I did quite well on them.
I think a lot of the cars on the first four days went quite reasonable..... and not all of them were anywhere's near being #1 condition, let alone 100 point concours cars. Haven't caught much of it today but tonight the high rollers will be there in force and I'm sure the bidding will be high!!!!! Even if you don't buy or sell anything while there, it's a heck of a good time!!!!!
Value as stated in NADA means very little at this or any other auction. It's just the old thing of having THE car that two or more bidders want, add a large bank account, a dash of macho competition, and instant hi dollar deal. The cars selling at this and other big auction will have little if any effect on what prices are on cars at Nordstroms auction over in Garretson this summer, it's a whole different world!!!!! Comparing the two is like comparing apples to oranges.....
I will openly admit that I am very jealous though..... I'd love to be there tonight with a big huge bank account and score one of the best of the best cars that will go across the block..... Hemi cars are about half price compared to last year, think I'd get me one of them..... Hey, a guy can dream, can't he??????
how about a front engine dragster with a blown cammer on nitro dave? :D :eek:
I have watched a little this year. Prices do seem reasonable this, but it has a more circus feel to this year for some reason, kinda like there trying to hard to make a bigger show for the tv world.
they are.:D thats what it's about and everyone there signed on for the show.
naw, I'd build that when I got home!!! I did find a reasonable source for moly tubing down in St. Louis..... Good reason to get down there some time this summer and go racin' with Howard and his son!!!!!Quote:
Originally Posted by gassersrule_196
volunteer crewmember right here! and ill drive to :eek: :O
Whenever I hear "comparing apples and oranges," this comes to mind.- Chuck Klosterman, Sex, Drugs and Cocoa Puffs, Scribner - 2003Quote:
"Apples and oranges aren't the different, really. I mean, they're both fruit. Their weight is extremely similar. They both contain acidic elements. They're both roughly spherical. They serve the same social purpose. With the possible exception of a tangerine, I can't think of anything more similar to an orange then an apple. If I was having lunch with a man who was eating an apple and- while I was looking away- he replaced that apple with an orange, I doubt I'd even notice. So how is this a metaphor for difference? I could understand if you said, "That's like comparing apples and uranium,' or 'That's like comparing apples with baby wolverines,' or 'That's like comparing apples with the early work of Raymond Carver,' or 'That's like comparing apples with hermaphroditic ground sloths,' Those would all be valid examples of profound disparity. But not apples and oranges. In every meaningful way, they're virtually identical."
Well, as long as he doesn't try to convince me they taste the same......Quote:
Originally Posted by Henry Rifle
And Ron Pratt bought this year's Shelby Mustang for $575K---with Carroll Shelby donating the proceeds to Muscular Dystrophy (I think, but if not that specifically, to a charity anyhow).... Hot Rodders sure do like to give money to something worthwhile, don't they????????
True, while the cameras are off the regluar and obtainable cars are sold for more reasonable prices most of the time. But when they put anything remotely odd or slightly rare the bids get crazy even for trailered 100 point cars.
Paying more than the extablished market value is for anything is just plain stupid. It hurts our hobby! Simply because the market will bear one ridiculous bid in a pissing contest doesn't mean that is now the accepted price.
I watched two guys with more money than brains get into a fight over what would be a $15,000 Mustang in the real world. No Shelby, no famous ex-owner, just a nicely restored 65 Mustang notchback. It ended up 75 grand. Certainly that one auction does not automatically set the going price for dime a dozen Mustangs.
Here's what evaluators base prices on-
"IMPORTANT PRICING CONSIDERATIONS
Pricing is derived from many different sources in the North American market. Many factors can affect the value of an older vehicle. Some guidelines:
Pricing sources: Auctions, sales reports, Value-Track® database, classifieds and the general market (contacts, shows, etc.).
Regional factors: There are some minor regional differences in prices, mostly for vehicles under $20,000 in value. Prices tend to be highest in the northeast and on the west coast. Very expensive cars operate in a global market.
Show cars: Perfect cars are pretty rare. These vehicles have been treated to a very expensive concours quality, frame-off, no expensed spared, nut & bolt restoration and do not get driven. They command higher prices than standard #1 value.
Originality: All pricing assumes original, numbers matching engine. Deductions vary for engine swaps and can (but not always) be substantial -- be careful! Clean, totally original cars usually carry a premium relative to equivalent published prices. Original documentation is a big plus, especially on muscle cars. Having said that, there is a trend towards "upgrading" collector cars to make them drive and perform better than when they were new while retaining stock appearance. These vehicles generally suffer no value loss and in fact we have seen plenty of instances where they can bring more than a pure stock example.
High Option Vehicles: Car & trucks that are highly optioned and/or accessorized with items such as visors, continental kits, power seats, tilt wheel, etc. usually command a premium. Figure an extra 10% or so depending on equipment.
Imports: Pricing for imported cars is for US spec., left-hand drive unless not available in that configuration. Right-hand drive carries a price penalty on most cars, especially later models. Later standard-bodied RHD Rolls-Royce and Bentley models are particularly difficult to sell in the States.
Trucks: Small departures from originality do not affect the value of trucks as it does cars. Engine swaps or upgrades, mild customization in the form of wheels, tires, and accessories can enhance value. Make sure you use the Truck Equipment Table
Street Rods: Due to varying degrees of quality, parts, workmanship, etc., these are extremely difficult to accurately estimate market value. Many rods reflect the specific likes of the owner, and these don't always translate well to potential buyers. Monetarily, it is usually very difficult to recover the amount of money put into it. They are are strong and vibrant part of the marketplace, however.
About Auction Results: Auctions are just one part of the collector car marketplace. Many collectors get the impression that if they see a 1957 Chevy sell for $70,000 at a major auction, then theirs must be worth that, too. This is a misconception. Auctions often bring above market prices for very nice cars. The reasons are many: there's money in the audience, egos come into play, bidders can get caught in the moment, and sometimes the cars that show up to an auction such as Barrett-Jackson or Pebble Beach are just stunning, one-of-a-kind, mega-buck restorations.
Unfortunately, all is not always as it seems at an auction. Sometimes prices are bid up with "phantom" bidders, cars are declared sold that aren't, and even the bidding can be completely fabricated. In addition, dealers may bid among themselves soley to create the illusion of both interest and high values for specific cars.
This doesn't mean that you should always avoid collector car auctions. Go to a few and observe what goes on, get a feel for how things work and decide for yourself. If you do decide to bid, ask the seller a lot of questions. Sellers with good cars will be more than happy to talk to you.
Finally, our auction editors tend to be conservative in their condition estimates. Take this into consideration when viewing auction results and the sale or bid price."
So as they mention, one sale at one auction does not appreciably affect prices. What should bite most of us is that when we are buyers we hope to find bargains but when we sell we want prices to be high.:D
When we're buying we're told we're looking at a rare and exotic example. When we want to sell it we're told it just an old car.:LOL:
I been watching a few hours each day, but so far haven't really seen any stratospheric prices. A lot of nice cars going for way less than $150k. Prices look down from last year, street rods still under priced. Very nice chopped Merc went for $35k, probably cost more to build it. The Chevy engine probably killed the higher sale. Could have at least used a Ford or a Lincoln engine.
Got to watch some football now, may catch some BJ in between the games.:eek: :LOL:
I saw one of the (TV series) Batmobiles in the staging area the other night. Did anybody see what it sold for?:rolleyes:
If I rember, it went for over 180K. It was built out of a 73 or 74 Lincoln......crazy. :whacked: :whacked:
Yeah, not really a car you can drive around in every day...:HMMM:
Maybe somebody knows better than me and can verify or clarify, but if memory serves me...:rolleyes: there were either two or three of them built. They were originally 1956 or '57 Lincoln concept cars that were built by George Barris. When the Batman series was conceived in 1965, the studio went to Barris for a suitable Batmobile. He pulled the Lincolns out of mothballs, added the twin bubble tops, made a few other changes, painted them and delivered them to the TV studio.
I saw it (one of them?) at a car show in Terre Haute, Indiana in 1967 or '68, again in Indianapolis with "Batman" Adam West and "Robin" Burt Ward in about 1975 (with "fuzzy" flocked paint that looked like crap!:eek: ), and again in 1979. At the '79 show it was shiny and looking good again and Adam West was appearing as Batman again. The last I heard, one of them was in a collection owned by the same guy that owns the R&C Dream Truck...:confused:
Hmmm... I should have looked first. Here's the story on the FOUR Batmobiles:
http://en.wikipedia.org/wiki/Batmobi...V_series%29%29
The Batmobile sold is a copy/clone/fake. it was only recently built.