Barrett-Jackson Records Strong Sales

[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.

[RM Schimel]

The market has definitely softened with the current state of the economy. I attended both Arizona auctions and I must say the quality of cars was abysmal as well. The collectors with the finest examples clearly are not going to risk losing their automobiles in a no-reserve auction such as Barrett-Jackson. I think the cars that went through the Russo-Steele auction house represent a better window as to the current state of the market. The hemi cars still did quite well. The W-30 ragtop with a questionable past and in need of restoration did fairly well also. As Rich stated high quality pedigreed cars will always be in demand. I think we have seen a softening of the standard cars such as GTOs, Firebirds, 442s, Chevelles etc and especially replicas. But the market will always remain strong for the top flight elite cars such as hemi cars, ZL-1, LS-6, Stage –1, W-30, 68-9 HOs or Yenkos. These cars will always be deemed the most desirable with the serious collectors and demand will always surpass supply. This always is reflected in their high valuations. RM