Barrett-Jackson

**CBT** · 01-30-2005, 06:46 PM

Anybody else besides me been drooling at the T.V. while watching the Barrett-Jackson auto auction on the Speed Channel?

**ncmm** · 01-30-2005, 06:55 PM

I probably would have if I had that, I only have basic cable.

**drj02** · 01-30-2005, 06:56 PM

Originally Posted by CBT

Anybody else besides me been drooling at the T.V. while watching the Barrett-Jackson auto auction on the Speed Channel?

I watched as much as possible and could not beleive the 1954 Olds F88 concept at $3 mil. Said that over $60 mil in total sales. Calculate 16% of that for Barrett and Craig Jackson is one happy camper for sure! Not to mention all the other misc. $ ala carts associated with the auction.

**Paul T. Casey** · 01-30-2005, 07:07 PM

The cars are cool. My big problem with the auction is the prices. By selling these cars at artifically high prices, it tends to drive up what is out there for sale. This ends up putting some decient but not perfect cars out of the price range for the average Joe. Most of the folks with the money to buy the cars, don't have the skills to turn a wrench. IMHO, this is a bad direction for the hobby/sport of hot rodding. A couple years ago, a fairly straight and solid muscle car could be had for less than $5K. Maybe half that for a "basket case" that still ran. Now, the "basket case" is in the $5K range, and probably $10K for the better one. To me, this tends to drive out the younger guys who's money tends to be tight. It's the same younger middle class guys who keep the hooby going. I worry that in the future, the only ones who will be able to work on these hot rods will be the Coddingtons and Fooses of the world. Sorry for the rant.

**MarauderMark** · 01-30-2005, 07:08 PM

Yea they sure had some sweet cars on there makes me wanna hit the lottery.One guy spent 230k for a mustang or cobra i think(not to sure what kind but i know it was black) for his son and all he got was a hand shake..

**jgc61sr2002** · 01-30-2005, 07:15 PM

Many overpriced cool cars. The average person seeing cars sell at astronomical prices, now think their collector car is also worth mega bucks. This is usually not the case. People get caught in a bidding frenzy at auctions and that drives up the prices.

**Black 04** · 01-30-2005, 07:16 PM

I was watching as much as I could...waiting for a Marauder to come accross the block.

**BK_GrandMarquis** · 01-30-2005, 07:59 PM

Originally Posted by CBT

Anybody else besides me been drooling at the T.V. while watching the Barrett-Jackson auto auction on the Speed Channel?

Oh yeeeaah. There was a resto-mod yesterday or today. I was in awe.

What a think of beauty. I think it was a Foose design. Wish I can afford one of those one day. There was a GM concept car that sold for $3,000,000 yesterday.

**Canadasvt** · 01-30-2005, 08:12 PM

Would be nice to go down there with a huge roll of $$$ and get something really nice for under $200,000. I've been watching it all weekend and I'm amazed at what muscle cars are selling for.

**sailsmen** · 01-30-2005, 08:14 PM

I disagree the interest has people fixing up cars which now has resulted in many excellent buys out there. Excellent cars can be had in like new for $15-$25K. These are cars that someone spent $50-$75K on.

A friend bought a like new 1965 mustang with modern runing gear for 15K. Another firend bought a 1962 Impala SS 409 4 Quad 4 Speed Muncie w/ 80K miles that is like new for $25K and he drives it every day.

**AzMarauder** · 01-30-2005, 08:45 PM

Originally Posted by CBT

Anybody else besides me been drooling at the T.V. while watching the Barrett-Jackson auto auction on the Speed Channel?

No.. I was actually there.... drooling on the cars before you had a chance to see them on the TV...

**nexstar7** · 01-30-2005, 08:48 PM

i've been watching for a while. i get all CAR CRAZY .

**AzMarauder** · 01-30-2005, 08:51 PM

Originally Posted by jgc61sr2002

Many overpriced cool cars. The average person seeing cars sell at astronomical prices, now think their collector car is also worth mega bucks. This is usually not the case. People get caught in a bidding frenzy at auctions and that drives up the prices.

What I saw there wasn't necessarily folks who loved cars. Many of them treat them entirely as a commodity that can be bought or sold to make a profit. One guy had a 1970 Dodge Challenger T/A. Beautiful car... numbers matching etc. He hoped to get $90k on the auction block. He had no reserve on the car. He told us that if he didn't get higher than $60k... he would buy the car back from whomever won it... by offering up to $30k more than they just paid for it. When I asked why I was told, that they were so positive that the car's value would increase so dramatically in the next three or four years that it was worth it to buy it right back if they didn't make enough of a profit now.

I don't think that way. I don't buy cars based on what I think they will be worth... I buy what I want to drive. Course, might be why I have no money !

hitchhiker · 01-30-2005, 08:55 PM

Anything that motivates people to restore them instead of scrapping them is great by me!

**Donny Carlson** · 01-30-2005, 10:09 PM

http://www.barrett-jackson.com/aucti....asp?id=178112

1954 Oldsmobile F-88 Concept Car

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Barrett-Jackson

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This one went for $3.24 million!!

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