Barrett-Jackson Auction Tonight!

[Mr70]

Will you Wave to us when the Camera is on you?

[Speedrx]

Here is what is on the Speed Channel website about tonights show:

<font color="blue"> Get geared up for the 2004 Barrett-Jackson Auto Auction with our exclusive preview show tonight - ONLY on SPEED!

Friday 10pm ET</font>

[YENKO DEUCE REGISTRY]

Any predictions on the muscle car auction prices for these events?

I saw in the latest Hemmings where they showed the results of the Silver Auction, and there were many cars that did not meet reserve, nor their avge selling price! Is this an omen of things to come now that the DJIA is above 10k and my 401k finally made some substantial income?

[Charley Lillard]

The Silver Scottsdale auction is this weekend. My personal feeling is that prices are gonna skyrocket at the BJ Auction. I believe they reported twice as many registered bidders as last year. I was told that BJ has about 17 Hemi cars going across the block and I think they are all no Reserve ? There seems to be a frenzy in the upper end that is making my head spin. At some point the bubble has to burst but I think this Auction is gonna set some Records....But then again if I were so smart I would have all the Money.......

[GOAT72]

[ QUOTE ]
My personal feeling is that prices are gonna skyrocket at the BJ Auction. I believe they reported twice as many registered bidders as last year. *** There seems to be a frenzy in the upper end that is making my head spin. At some point the bubble has to burst but I think this Auction is gonna set some Records.

[/ QUOTE ]

Charley,
This morning I couldn't go to work because it was SO stiflingly cold (Is "stiflingly" a word?) so I was Net-surfing and came across Joe Conte's Corvette website and found out that HE owns the infamous 1964 red Pontiac GTO that DeLorean and Wangers had snuck a 421 cid monster into before the March '64 Car &amp; Driver test.
I decided to give him a call.
What a great guy! He told me all about the red '64 Goat and where it's been hiding all these years.

I asked him if he'd sell it and he said he wasn't planning on it until someone offered him OVER $60K for it earlier this year!
So we talked about the BJ Auction and he indicated that he might be interested in that venue... looking to get closer to $100,000 for that infamous car!

Yep, the prices are still going up and will continue to do so until all of us Boomers get too old to run 'em any longer. (IMHO, of course!)


...but what do I know?

~Goat72

[Pantera]

The only problem with him selling at B-J is that by the time he pays the fees he may only still come out with $60k for it.

[YENKO DEUCE REGISTRY]

I predict that the ultra rare cars will be similar in bid prices to last years. But, what do I know! If I knew how to predict the market I'd be an arbitraguer

[GOAT72]

[ QUOTE ]
Re: Conte
What a great guy! He told me all about the red '64 Goat and where it's been hiding all these years.

I asked him if he'd sell it and he said he wasn't planning on it until someone offered him OVER $60K for it earlier this year!
So we talked about the BJ Auction and he indicated that he might be interested in that venue... looking to get closer to $100,000 for that infamous car!


[/ QUOTE ]

Joe Conte asked me to kinda clear-up this post, so he won't be inundated with needless questions.
When Joe told me he hadn't thought about selling the '64 GTO until about 6 months ago, I mentioned that he must've been offered about $60K for it. Joe said it was more. I assumed that he meant 6-months ago.
When I mentioned Barrett-Jackson to him, he agreed that it would be a great venue should he decide to sell. And since he had obviously turned-down OVER $60K, I wrote that he was "looking more toward $100K".
Joe is not looking for $100K -- I merely mentioned that he'd be looking for more $$ than 60 thousand, or "more toward $100K" But those were MY words, not his.

Sorry if I mislead anyone (Charley).

~~GOAT72

[MotownMadman]

Charley,
I have to agree with you, my personal thoughts are many cars will hit record prices this year, it will be interesting to see what #66 brings on the block. I have more people calling to locate particular cars then those interested in selling. The owners of several cars that I am aware of that could be for sale have raised the prices substancialy in the last six months. I expect the greatest gains will be in the lower production super rare over the more common but still rare examples. I project the #66 to hit the 320-335K mark. I think the best examples of the LS-6 cars to hit new territory, also the "Survivor" cars will have an across the board increase. Also, the low production rare Pontiacs will continue climbing. Those are "Motown's" picks for this year.
Motown

[Charley Lillard]

Motown.."I project the #66 to hit the 320-335K mark.". Motown, #66 will not go across the block. They are just attempting to sell it to the crowd that will be in town for the Auctions. I believe they want between 450-500K for it. These are the things that have my head spinning......