Barrett-Jackson 2010 WOW!!

[MultiMopars]

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I don't think anybody is liquidating. I've been looking for solid lifter, documented Chevrolets for the last year. Most of the cars for sale are questionable at best. Did you see the junk that Barrett sold in Las Vegas for huge money? Barney Fife clone squad car brought $120K.

I think great cars bring great money and this January will be no different. JMO, Ed

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I think for the most part this is true. While certainly there are SOME people out there in trouble that need to liquidate they make up a small part of the hobby. However, it doesn't stop buyers from TRYING to steal good cars. I think most of them are finding that most people with these good cars may WANT to sell, but they don't HAVE to sell.

OTOH, some big money collectors are not really effected by what most of us (me anyway) would consider a major financial hit. Most of the people that are active on these old car enthusiest sites think that what WE believe and post is the general thoughts of the entire hobby, but I don't believe it. When you look at the HUGH number of cars that are sold at these auctions anually it can't be ignored. However, time and time again I see people commenting on these sites that "that is not the real market" and things like "those people are crazy to pay that." My feeling has always been that in most cases those buyers did not make all the money they are spending making bad business decisions.

[CC Rider]

I'm hoping my buddy Steve lets me drive #976 up on the stage.

[quick-bowtie]

I just think the quality of cars has tanked at Barrett since 06' and now you see all these good cars when the market is still down and all selling at no reserve.

I just cant see that many buyer for all those cars.. I counted numerous cars over that should be over 200k and to think thats only a partial list of what there going to have?? I agree I think the market is way better than last year and good cars are still bringing money but when you put alot of them in one spot at one time I just cant see the money lasting. There will be some SMOKIN' deals forsure! IMO

[RamAirDave]

As far as people needing to liquidate, I tend to think there are at least some for whatever reason(s).

What about the dusk blue 70 LS6 vert that sold for $1.2M a couple years ago, then recently sold for ~1/4 of that? I know nothing about the situation there involved, but that sure is a head-scratcher to me.

[Xplantdad]

I think that there will be some good deals as well!

[superstock427]

I just wonder if this will have any effect on car values?

http://board.moparts.org/ubbthreads/show...part=1&vc=1

[Smokey]

Nice. The Mopar guys are all wound up.

[old5.0]

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I just wonder if this will have any effect on car values?

http://board.moparts.org/ubbthreads/show...part=1&vc=1

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I'm going to be very interested to see how this plays out. I've been of the opinion for awhile that huge injection of new blood and new money into the hobby over the last decade has propped it up on a house of cards, so to speak. This could be the first sign of it starting to come down.

I stopped playing with Mopars a long time ago, but I still know a few people in that world, and there's alot of talk floating around that alot of people are going to get burned in this deal, but that may just be gossip.

[old5.0]

[ QUOTE ]
OTOH, some big money collectors are not really effected by what most of us (me anyway) would consider a major financial hit. Most of the people that are active on these old car enthusiest sites think that what WE believe and post is the general thoughts of the entire hobby, but I don't believe it. When you look at the HUGH number of cars that are sold at these auctions anually it can't be ignored. However, time and time again I see people commenting on these sites that "that is not the real market" and things like "those people are crazy to pay that." My feeling has always been that in most cases those buyers did not make all the money they are spending making bad business decisions.

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Possibly, but I think there's been a bit of... naivete in the collector car world in the last few years. Look at the drop in prices in 70 HemiCuda's, or 69 1/2 A12 cars for example. I think that there were a bunch of guys with money jumping into a world they didn't understand clearly, and paid anywhere from a quarter to a half mil for cars that struggle at $150,000 now.

Being wealthy didn't stop them from making a bad decision, it just meant they could recover from that bad decision much more easily than the rest of us. That's my story, anyway.