69 Z28 Sold for $112,000

[mc25t190]

kevin, i agree, an arrangement between the buyer and seller on that one.

[Charley Lillard]

There was no agreement on the Zeppher. It was a real sale to a guy that is gonna put it in his collection. All those big sales were real. Barrett is by far the big dog in town and is really pushing the No reserve . I know dealers that have been selling there and if they buy one of their cars back they are paying full amount. Take it or leave it because they are the big dog. I'm sure there was well over 100K in that Zeppher. If it was built at a Pro Builders shop there was probably over 200K. There are People spending over 1 Mil getting street rods built. The 55 Numad is one example. You would have to be there to see how crazy the market there was. We are so focused on our #'s matching stock opinions. Others have opinions that they will pay more for a really neat looking car. We have our opinions but it doesn't necessarily mean we are right. I don't think the guy that paid 112K for that Z cares what the market is or if it was real,. It matched his Yellow Jacket is the reason he gave. I spoke to the seller of the 260K Shelby with the Aluminum 427. He was like the Cat that Ate the Canary. He was on cloud nine and in shock. There were several real bidders on that car at over 200K. These People don't care if they lose money down the road on them. They have enough money that the cars could all burn tomorrow and they would move on. Craig Jackson is up there excited right there along with everybody else in the room. There are also cars that for whatever reason sold for dirt cheap. That is what brings People to auctions.

[gemleeus]

there are plenty of yellow z's out there that he could have bought for a lot less money. he bought the car because of several factors. yellow was one, jl8, had a great looking crossram setup on it (not aftermarket stuff) era dated, as he said so proudly that the car was gonna set next to his vettes, why? because of the items i just mentioned, not just because the car was yellow, so numbers or rare options did play on his reason to purchase "no matter what the price" as he stated. the zepher was glorious looking no doubt, but many good resto shops could have made it (look) that way, what was the big deal about? i'll tell you, the massive bad boy v12, i don't think they are to many of those left today. usually options or rarity will influence a large amount than over the way something looks.

[Jeff H]

When you get down to it, a lot of people have a different outlook on life since 9/11. And people that have the means to buy or build what they want, are doing it. No reasons needed. If you don't enjoy the vehicle you have, then why own it? These hi-tech, ultra clean street rods are cool and very easy to drive. I like both original and rare cars as well as a modernized classic.

[Stuart Adams]

Well said.

[SuperCars]

I have heard a number of high profile collectors speak about the "no reserve" flat fee commision agreement. I don't know if it is true or not, as I have never brought a car to auction. So maybe I am just too suspicious when I hear sales prices that seem unjustified. But to each their own; as guys with unlimited funds have every right to spend it on whatever they want to if it makes them happy.

[Charley Lillard]

I know some of the smaller auctions sometimes have agreed to reduce fees if the dealer has to buy the car back but Barrett is so big that they are at the Mercy of nobody. 10 Dealers could refuse to bring cars to Barrett and it would have no effect. I have a Friend that is a Dealer and he has alot of Consignment cars. He tried to do Barrett with Reserves and was told they could only be listed with no Reserves. He explained to them that he does not own the cars and the car owners have net prices that he has to get before he can sell their cars. If those net prices were not met, they would have to made up out of his pocket. He could effectively be Bankrupted if everything went wrong. He did not bring any cars and only a couple People asked me why he wasn't there.

[SamLBInj]

[ QUOTE ]
When you get down to it, a lot of people have a different outlook on life since 9/11. And people that have the means to buy or build what they want, are doing it. No reasons needed. If you don't enjoy the vehicle you have, then why own it? These hi-tech, ultra clean street rods are cool and very easy to drive. I like both original and rare cars as well as a modernized classic.

[/ QUOTE ]
Totally agree with that!

Sam

[csx289]

Without trying to offend anybody in the group, I am going to put my $.02 in. I am a dealer, and have been selling cars at Barrett-Jackson for over 10 years. THEY DO NOT DO FAVORS FOR ANYBODY! That would include offering a "flat fee" buy-back or any other such nonsense. I know, I sold 3 killer big dollar muscle cars there this past weekend, all no reserve. There is no rhyme or reason to what the retail buyer will pay in the crazy world of lights, camera, auction. My cars (IMHO) were very well documented, very well restored (9k mile Green Hemi 'Cuda, 1-owner; Duntov Award winning Vette 425HP Rdst with ALL paper and #'s;70 Judge frame -off and perfect car, etc...), but that made no difference to the buyers there. For instance, the buyer of my Judge ($47,500+ commission) came over AFTER he bought it and wanted to know if it "was really a Judge" and said he bought it because he thought they were cool when he was a kid.The buyer of my Vette said his wife liked the color, and had no idea what the significance was of the paperwork, awards, or the 425 HP 427. And don't ask me why my 'Cuda brought $52,500 less than a lesser car with many incorrect items.

I am also a friend of Charley's, and we stood there taking it in, as we always do. No sense trying to analyze it, people are strange. If you are not a "car guy", you act on impulse more than knowledge. If you can afford that luxury, you obviously have either great luck or have been sucessful in other endeavors that allow you to just do what you want.If only people would give drug addicts or alcoholics as hard of a time for wasting money on that crap as car guys give the "checkbook collector" for paying "too much" this world would be a better place!

What it boils down to is this: Comparing what happens at Barrett-Jackson to the real world is like comparing our climate to the one on the moon.Let's take it for what it is and not start spreading rumors around about things we don't know about. The only thing I feel confident enough to say is that Charley knows what is up with the seller of the "L89" and "JL8" cars, he has a long track record of bogus cars and unhappy customers. I must like to sleep more than him, and I have never thought that having eyes in the back of my head would make me more attractive, so I keep telling the truth! They are just cars, and having to go out in public, having pride and integrity, and the thought of maybe someday having to account for my actions with to a higher power somehow makes building B.S. cars with B.S. papers seem not worth the few extra bucks. Just my opinion!

Let's keep it clean and not judge a man because he wants to spend HIS money, no matter how much or how little, on a car he likes. It doesn't hurt anybody. Likewise, by keeping on the truth and not rumors , and watching each other's back, we can be a litte smarter and stay one step ahead of the con artists WITHOUT sounding like a group of gossiping, jealous old ladies!

In the mean time, Charley has purchased a few sheets of P-O-P paper for his laser printer, if anybody needs some docs for there car. $29.95 while supplies last.

Your worn out AZ correspondent,
Colin

[Charley Lillard]

Feel better now Colin ?