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Old 01-23-2007, 10:19 PM
Late BrakeU2 Late BrakeU2 is offline
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Default Re: Barrett Jackson.....

There were some very nice documented cars there with storyboards and copies of their pedigree.One that came to mind was an Olympic gold cross ram that I believe sold for over 160k.
So if last year was percieved as the top,and this year some great values,what does 08 bring?.Maybe the fact everyone who watched from their living rooms last year sat up like prairie dogs in front of the TV and decided to head to boom town and cash in..the floor was certainly flooded with like cars and that allows for choice.

I didn't sell anything there but might at R&S next year.Can't see BJ going back to no reserve as SPEED would certainly object for obvious reasons.While I know some people are hopping mad at what their cars brought(and rightfully so) there has to be an almost equal and satisfied amount of buyers who scooped up some nice stuff at a song.I mean it's really no diff than Vegas with out a reserve right?.You're banking on the fact it will continue trending up .I equate it to stock trading-when the Jim Cramer idiot savants tell the retail fish to buy,buy,buy XYZ stock because it's undervalued it usually means the square side is more than willing to sell you their shares at that price(anyone remember the Wall St Journal feature on Boomers with Muscle in their portfolio last summer?)Don't get me wrong I have an LS6 and they took arguably the biggest hit of all,but to blame the auction house for not looking into their tea leaves and predicting a stabilizing market for sellers is not fair imo.Hopefully this was a healthy correction and soft landing,but it begs the question how will it affect the people who are doing high $$ restorations.So where to now St Peter?.
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