Barrett-Jackson 2010 WOW!!

[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

[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.

[/ QUOTE ]

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.

[Smokey]

Nice. The Mopar guys are all wound up.

[old5.0]

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

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

[/ QUOTE ]

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.

[gb70]

IMO there are a number of self made, small to medium size business owners that are struggling at best with their businesses and need capital to ride through this rough economy. Selling some investments such as collectors cars are much easier to do than say real estate portfolios, and or stocks.

[MultiMopars]

The highest prices paid for any kinds of muscle cars that I recall at B-J were the Super Snake Cobra and some of the GM Motorama cars. The highest priced Mopar there that I recall was a Hemi Cuda hardtop that sold for $600K and BTW was announced on national TV during the auction as a rebodied car.

I don't think that the F.E. thing is go effect Barrett-Jackson or much else in the market. The HUGE prices paid for a select few Mopars like the $2M Hemi Cuda vert. were supposed "private" sales. I think what has come to light through the F.E. thing is that those were really "paper" sales that were designed for barrowing purposes. Yes, it sounds like there will be a few other people involved in some of these schemes that may end up in some kind of trouble as well.

Regarding the prices of the cars in a post above, It is not just Hemi Cuda's but Hemi cars and E bodies in general. The 1969 six pack car are really down FAR less in relation to the others and if you compare recent prices of a 1969 Coronet R/T vs. a 1969 six pack car, they are VERY close. This make no sence to me at all.

The highest price ever paid for a 1969 six pack car was Colin's Super Bee which with buyers fee was $216K and that car was a previously burned totlaled car with updated disc brakes and NOM.

My point of some of these example cars and prices paid just goes to show you that there is no rhyme or reason as to what some people in the market place will buy and pay for.

[BJCHEV396]

In such a bad economy,and a buyer's market,how does B-J convince the seller's to sell at no reserve?Has to be some desperate people who need whatever cash they can get their hands on.

[RichSchmidt]

I would NEVER bring any car worth serious money to a no reserve auction in this economy.Guys must be cutting throats to getthe first spots over the block because I can see the big money drying up very fast.