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Barrett-Jackson Sales Totals
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2007 Sales $112 mil
2008 Sales $88 mil
2009 Sales $63 mil
And that low $63 mil figure was boosted by a $1.1 mil Tri-Motor airplane (not even on the grounds), and a record 14 charity cars, which always have greatly inflated prices.
One thing that's obvious, the high end cars have fallen dramatically. Dozens of Hemi cars sold for under $100K, where 3 years ago, nearly EVERY Hemi car at B-J sold for over $150K (even crate motored customs), and back in 2006, many sold for $500K+. But the mid-level cars were still strong this year, as was stated in the closing comments by the commentators. The base model SS396 Chevelles, SS396 Camaros, 442's, GTO's, were as strong if not stronger than last year. Price adjustments I guess, seeing as how the economy isn't too great right now. It seems like the higher end cars came down, and the lower end cars went up.
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While being a numbers guy, I typically say that they don;t lie. However in this case you must include an important factor. First let me say, it is obvious the market is soft................take a look around the world............things are a little screwy.
That being said, the total numbers look worse than they are because of the no reserve factor. When the market is good people will risk it, when the market is bad they stay at home or go to a reserve auction.
If you changed all these cars to 07 prices, it would still be a lot less because there just was not many nice cars.
I have been going for a decade and can tell you, i struggled to find more than a handful the whole weekend that I was even curious to watch. Years past there were a handfull every 2 hours.
My $.02
John
