Barrett-Jackson Records Strong Sales

[Johnny Horsepower]

[ QUOTE ]
Barrett-Jackson Sales Totals
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2007 Sales $112 mil
2008 Sales $88 mil
2009 Sales $63 mil

And that low $63 mil figure was boosted by a $1.1 mil Tri-Motor airplane (not even on the grounds), and a record 14 charity cars, which always have greatly inflated prices.

One thing that's obvious, the high end cars have fallen dramatically. Dozens of Hemi cars sold for under $100K, where 3 years ago, nearly EVERY Hemi car at B-J sold for over $150K (even crate motored customs), and back in 2006, many sold for $500K+. But the mid-level cars were still strong this year, as was stated in the closing comments by the commentators. The base model SS396 Chevelles, SS396 Camaros, 442's, GTO's, were as strong if not stronger than last year. Price adjustments I guess, seeing as how the economy isn't too great right now. It seems like the higher end cars came down, and the lower end cars went up.

[/ QUOTE ]

While being a numbers guy, I typically say that they don;t lie. However in this case you must include an important factor. First let me say, it is obvious the market is soft................take a look around the world............things are a little screwy.

That being said, the total numbers look worse than they are because of the no reserve factor. When the market is good people will risk it, when the market is bad they stay at home or go to a reserve auction.
If you changed all these cars to 07 prices, it would still be a lot less because there just was not many nice cars.
I have been going for a decade and can tell you, i struggled to find more than a handful the whole weekend that I was even curious to watch. Years past there were a handfull every 2 hours.

My $.02

John

[StealthBird]

John, agreed!

Like you said, the reason you didn't see too many "nice" cars may because it was a no reserve auction. But the nice cars that did go through (maybe the owners had to sell) were pounded pretty bad. There appeared to be some excellent Hemis and Shelbys there, and they were way down. Noticeable absence of GM A-body muscle, with the exception of the 71 GS Stage 1 Convertible 4-speed, and I think that went low for what was into it. They said it had over 1000 hrs of labor, and I'm guesstimating at $80K-$90K in labor, plus parts, the car itself, I would bet they were hoping for $175K just to break even, $200K in a good market, but it sold for under $150K. That appeared to be one of the nicest cars there.

[Johnny Horsepower]

I did not see those up close to know if they had pedigree, but no question the market is down. I just don;t think those numbers reflect how much. The only Hemi car I looked at was an auto car. It did ok for what the market is like and the fact that you can pick and chose right now.

John

[rich p]

The Hemi E-body's at Russo did pretty well I thought. One sold(Cage car)sold for 400K and 71 Hemi Challenger $350K
The BJ Blue 70 Hemi Cuda did 190K+(not a nice car) and the Yellow terd with non original drivetrain and auto on the column did 120K..
Pedigree cars are doing well in my book but any flaws and people dont even want to talk about it for any money.
I get a lot of calls from guys sitting on there couch watching, you need to see these cars first hand and you would understand why some of these cars bring what they brought in price. Like John said: No killer cars to say,we must see this go off the block !!
The ZL1 brought killer money as did his Yenko's. I told him his Yellow Yenko was going to be a homerun.
Big thing I noticed,they didnt do ALL the hoopla between the cars during prime time.. I think they learned that was a BIG mistake in the past few years..
The market took a big hit that weekend from the Beatles memorabilia.. Look at the #'s before that,you will notice the #'s were great from Tues-Sat afternoon and then the mudslide after at that !!!

Just my 5cents !!!

[GRB]

I now know to never question the "wisdom" of B-J and Steve Davis. Bound and gag that clown somewhere off-stage and Barrett-Jackson's credibility would go up 25%. If CJ had any brains whatsoever he would never allow that moron to open his mouth!!

[OldZ28Owner]

Does anyone know why the ZL1 that Reggie Jackson brought only sold for about $240,000? It seemed low, and the car looked good. I wasn't expecting $850,000 like the "unrestored" one last year, but that seemed low.

Oh, and I am sending in a contribution to join today!

[Charley Lillard]

It wasn't really a ZL1. It was a vin tag off of a ZL1 that someone built a car around. All the details are here and on Camaros.net.