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Did anyone watch the Barrett Jackson Auction on Thursday and Friday, down in Palm Beach, Fl. ? Boy - - - they were giving the cars away. Wish I had some extra cash. 57 T-Bird - $30,000.
Mustangs - - -$9K to $25K. 35 Ford hot rod, beautiful paint, tires, exterior perfect, -needed interior $22K. Saturday the prices were higher. Do you have to pay a preminum, to have your vehicle auctioned off on Saturday?
Not sure about paying a premium, but I'm sure they load the higher quality cars for Friday night and Saturday as those are the 2 days the the big bucks guys are usually there (good for TV ratings too).
Yes, ya have to pay to B in the right time slot.
Of course the car has to B of quality !!!
Friday and Saturday early evening sales slots are called "prime time", you pay extra for the slot (if they deem your car worthy), then on top of that you have a buyer and sellers commissions.Quote:
Originally Posted by Simi Mike
Bill S.
The prices of the cars are now finally catching up with the times. The days of guys or shops building cars to take to auction and make a bundle are over.
In todays market you don't build a car to make money. There were many cars sold at BJ that you couldn't build for what they sold for.
i have to disagree. it all depends on what you build . if the car is right it brings good money.
I agree with shine, it appears to me that the "clones" are suffering the most.
Shines right.Quote:
Originally Posted by shine
Have been sellin @ B.J. for years.
You guys who critique from yer Lazy Boy don't have a clue !!!!!!!!!!!
Walk in my shoes B4 ya spout off.
Case in point,
Have seen many cross the block @ B.J. -Russo Steele, that didn't "Pull the $$$$ "
Sold a few that have " Broke the Bank"
Ya gotta build what the buying public wants, and Detail, Detail, Detail !!!!!!!!!
Yup, what Don said! Haven't been to the BJ auction for 10 years or so, but I was really impressed with the quality of the final day cars then and I'm certain it's only gotten better. Always considered the prices at Scottsdale to be a basis for what cars will sell for in the following year. The money grubbers who try to copy what sold big at the previous auction usually fall far short on quality with the cars they put together, then wonder why nobody will part with big bucks for their offering....
The tv coverage just doesn't do service to the quality of these final day cars, they are awesome to say the least!!! Fit, finish, and detail to the same level of the most pristine museum quality pieces on the planet!!!! Even if you don't have the $$$$$ to bring home one of these cars, just being able to walk around and look at the top of the line cars at auction is well worth the price of admission!!!!
I thought the prices at Miami were equal to the cars they bought for the most part. As with any auction a few unworthies brought stupid money, probably because of someone's memories of a similar car that they had or wanted when they were kids. A few didn't bring what I thought they should, but again tv doesn't show what the quality was on the build... Just my opinion, but I don't think the BJ auctions at the other locales ever bring out the same caliber of cars that show up at Scottsdale--I think Scottsdale is the premiere auction, and the others seem to be a grade or two below on quality....
cant cook stay out of the kitchen :3dSMILE:
The problem seems to be the date of the West Palm Beach BJ auction. The last few years it has fallen on Easter weekend, this year was twofold as it was also Passover. Both combined seem to bring out less high rollers and more secondary market buyers looking for a steal (usually for resale at their specialty auto dealerships). Having experienced a low selling price on the 38 ProStreet Willys we donated to Make-A-Wish. I had a cash offer of 15K higher the day before it hit the block. Not my call since the car was a 100% donation (the car, transportation, the auction, detailing, etc).........Again, next year I may go down strictly as a buyer, as 72% of the cars going over the block had no reserve on them..........Quote:
Originally Posted by Simi Mike
Bill S.
Ya know I thought this site was accepting of people who voice an opinion. Im not saying I know for a fact when it comes to auctions. I have never been to any BJ, R-M or any other. But it seems like there are some here who just want to put down just a plain old car guys opinion.
i simply disagreed with you . i do this for living day in day out.
If yer refering 2 me, I wasn't pointing any fingers or trying 2 B demeaning.:DQuote:
Originally Posted by sunsetdart
Just tryin 2 educate the un educated.:eek:
Just sayin, if ya haven't the experiance, ya shouldn't speculate.
A few more sold in the past 3 years @ BJ
As Shine, I did this also to put bread on the table.Quote:
Originally Posted by shine
Sold out @ 55 and retired, now just do it because it's a PASSION 2 me.
Plus it suplements the retirement income.
I'm sorry if I mistook your responses. I do agree with the fact that a nicely done car /truck will get good money. The ones Da34 shows are of quality caliber. Again, sorry guys.
I think the point is that if you take one of those quality cars that sold for big money a year or two ago that's been sitting in a museum setting (no scars, no wear & tear since sold) and run it across the block today chances are it will bring a much lower price, maybe as much as 30-40% less than before. I could well be wrong, but it seems to me that the market has softened quite a bit across the board, but especially for the cookie cutters that don't have the "look" of a quality build done right. Don, have any of those you sold at BJ been across the block in the past year? It would be interesting to know if they held their original value, as a market gauge.Quote:
Originally Posted by sunsetdart
As with any auction, it all depends on the presentation of the car, the quality and detail of the build, and at least two perspective buyers.... Then all the trends can just get blown away. Buying at an auction is not like buying one on one, seller to buyer, emotion becomes a huge part of the bidding frenzy much of the time. On the other hand, the car can be perfect in every way, drop dead gorgeous, but if the right people aren't there to bid it can sell cheap.
some years back when the bj auction was brought up on another site it got hammered for ruining the streetrod hobby. how shops were selling cars for big bucks and so on. what i asked then is the same today. since i build these cars to make a living just when is it ok for me to make some money ???? i work hard like everyone else. the very ones who were complaining were the same ones who thought their 80's build car should bring big dollars only to find out they couldn't give them away. i can promise you one thing. dont take a polished terd to one of these auctions and think you'll score. that only happens at rod runs. car collectors are twice as sharp as most hotrodders when it comes to value.go in there green and they will eat you alive.
Quote:
Originally Posted by rspears
Rog,
The Yellow 32 coupe sold in 07 in the low 60's, it was resold in 2010 @ BJ in Florida for just about the same.
It's now on EBay for 42.
Don't know why 42, made the guy has a CASH flow problem, or his accouant told him he's gotta sell some inventory @ a loss so he can write it off and make more money on the other end.
Yeah Don, that eBay price is hard to understand for sure. That said, I'd be a lot more interested in a 2012 price for that same car in the same venue as opposed to a 2010 price. Granted, three years later says sump'n, but then again two more years can make a world of difference in the market as we all know. Thought I remembered something about the '37 you sold well several years ago running back through the same auction not too long ago and bringing a disappointing price? Likely CRS....
I think yer talkin about the 1 off 35 I did.
It sold @ BJ in 08, for a BIG #
Went to Sweden, then came back and sold for even more in 2010.
Last I heard it sold again @ an RM auction Monterey in 2012 for almost 2 times what I sold it for.
Proof that if ya build em right and Detail, detail, detail,
they will hold their value.
Some of the stuff I've done over the years, I've built "Thinkin outside the box" - Yea, It's a crap shoot, but still love doin it.
Just slowin down a bit
BTW Rog, can ya figure what it started out as ???????????????
Don, I'm not familiar enough with the body features of those years to venture a guess, but the end result is pleasing to the eye, for sure!
I enjoy Barrett Jackson myself wish I had BIG money to buy the one's I like. I'm glad others do have it to spend if they held on to every penny think of the people who would not have a job for various reasons like building, part's, paint, transportation etc. I get to see the beautiful cars and dream. when I hit the big buck's I'm not going to Disney I'm going to Barrett Jackson.
Keep building guy's I enjoy seeing them there. Congratulations to those that have.