The Face of Greed

Belair62 · #1 01-31-2005, 04:15 AM

Mac...people go to get the most $$$ for their car...it's a spectacle...much like going to Disneyworld etc....other than a few crazy things, a lot of cars were sold for what we would consider market value IMO...today was a pretty cool day to watch...less hubbubb and just regularish people buying cars for a decent price...the 58 convert was beautiful...100k...a lot of the cars that sold could not be duplicated if you went to restore one yourself...I'm glad I got my good stuff a few years ago...you can still buy beautiful Chevelles,GTO's,Road Runners,GTX's and that stuff for reasonable money...the very rarest and top HP cars are expensive but the last time I looked out in the yard...they weren't growing on trees !!!

Jeff H · #2 01-31-2005, 05:02 AM

Wrong, BJ is making people play by their rules. 900 cars with no reserve and 400 cars with a reserve. They chose not to offer the 400 cars on the auction block with a reserve. And now that quite a few people got hit pretty bad by listing with no reserve I think next year more people won't be willing to take that risk. It will turn into an auction of clones and fakes selling for $100K plus. I think most people here probably wouldn't list their car at BJ with no reserve when they could sell it for the same amount by word of mouth and not pay the fees. It's a business plain and simple. We try to figure out what the market is doing and it appears BJ is making it more cloudy. But what should we care, we still have our cars!

mike s · #3 01-31-2005, 07:12 AM

all sh*t aside barrett jackson does not have the best reputation and in my opinion in that picture craig jackson does look like a huge snake/crook

just my 2 cents mike

GRB · #4 01-31-2005, 06:05 PM

It's not always a pretty picture. But it IS the free mkt doing what it does best. Matching willing sellers and willing buyers at a price both MUST agree to. We love it when we are the seller and question it when we are the buyer. That's what makes us human.

DaJudge · #5 01-31-2005, 06:42 PM

They put on a good show. The only issue I see is that anyone who has a car that resembles one that went across the blocks at B/J and did a good number, they now believe that their car is worth the same amount. Private sellers should remember the sellers have a lot of expenses to get that 3 minutes of fame. Subtract out the shipping costs to get it there, hotel, meals etc, travel, and fees to get into the auction plus the 8% to B/J as you can see there are some real expenses that need to be subtracted out to get to your real price or profit. Your car really needs to do a moon shot to make it worth while.

Keith Tedford · #6 01-31-2005, 09:41 PM

Not to mention the cost of the restoration done on most of these cars. I'll bet many would be lucky to break even. It would scare a lot of people if they knew the actual costs involved in a top notch resto. The cars that are big dollar today were probably out of reach of most people in '69 as well when you looked at price AND insurance. When I bought our COPO Chevelle I didn't have to climb over a line of people to get to the front of the line. Same with the COPO Camaro that Nurse Chev-Olds had. It sat for quite a while. I was just fortunate to have a decent paying job and the bank was friendly. Last year we finished a '72 Lemans Sport 400 4 speed car. It has all the good muscle car options and gets more attention than our L78 Chevelle. Take the blinders off folks. There are lots of very nice alternatives out there, and the prices can be very attractive. As in the late '80s, it is a good time for investors to be in the Muscle Car business and they are. On the brighter side, it puts a lot of money back into circulation.

P.J. · #7 02-01-2005, 02:54 AM

Hey Kieth
If you are getting more looks from your 72 Lemans
maybe you will sell the copo chevelle for a reasonable price EH!
Suprss70

427TJ · #8 02-01-2005, 01:26 AM

[ QUOTE ]
Wrong, BJ is making people play by their rules.

[/ QUOTE ]

Only if the seller decides to play

If you don't like the rules then don't play the game. If you think Jackson is a crook then don't give him your money. But if you get "greedy" and want to take a chance at getting more money for your car at auction then go ahead and pay to play the auction game. If you pay to play at B-J then you must play by their rules.

Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars.