Barrett Jackson.....

[70 copo]

The Auction focus has shifted to almost 70% Muscle cars going across the block this year and there appears to be market saturation. The investors have become cherry pickers.

When there are more cars out there then buyers the price falls on the remaining cars until new buyers step up.

I agree Fords and Mopars have dominated at the auction this year. Sad.

[njsteve]

Looks like they were saturated with Cudas as those prices floundered for the most part. A buddy of mine had Lot 1339- the purple and white 71 six barrel Cuda up at the end of sat night. It listed as sold for 120,000 including commision (108K before buyer fees???). I cant imagine he let it go for that and didnt buy it back.

The restored Boss 429 prices were suprising in $400K range.

Once again the coverage was dismal at times. I loved it when the bozo announcer tried to explain what a double COPO was and said: "Well that means it has both front and rear spoilers in addition to the regular COPO package" OY! Or when he impugned the legitimacy of the green COPO Chevelle because "All COPOS came with a 140 mph speedometer and this one has a 120 speedo."

Or when they decided to interview Edsel Ford instead of running the 78 mile Hemicuda and only cut to it at the tail end of its auction when the price ran up. They have no idea what is interesting to their viewers.

Or anytime the OCC (Orange County Chopper or maybe we should now call them Officially Communications Challenged) guys would get to the mike. The dad babbled and rambled and when he ran out of things to babble he would just yell "Rock and Roll!" I thought I was watching a rerun of the mock rockumentary "This is Spinal Tap." Plus, his biceps really shrunk away. I guess he's spending too much time self promoting and not working out anymore.

The only one who wins this year is Craig Jackson: Since everyone saw how low the prices were (whether the cars actually sold or were bought back) more people will probably show up with cash next year thinking they can find a fire-sale bargain.

I think this auction will mark the exodus of the real quality, pedigreed cars to the competition's reserve auctions.

[SBR]

[ QUOTE ]
L88, does anybody know this car? Were there some flaws, or was it bogus, 240 and very lackluster bidding raises a question in my mind.

[/ QUOTE ] Steve, that L88 while advertised to have its OM did not have its original stamp. The bidding was real and TM was on the car at 230K My take on the auction is that the market is becoming more selective and educated and will not open a blank checkbook for a car with issues. While I cannot speak for the e bodied mopars which seemed to down 50% vs last year I can speak for the 67 435 models and the L88 Corvettes. Prices for the 67s were down 20% vs last year but there was not one 435 car that I saw that had its original motor so while prices to the casual observer seem to be lower I believe that it is a reflection of the quality of cars that were present. I know of several recent sales of great 435s and three 69Lss that sold for huge$$$ so I believe that great cars are still selling for big money and will always bring big money. Also I think if the folks at BJ keep raising their commission rates and offer no reserve only auctions that the quality of their consignments will continue to plummett. IMHO

[Wardy]

Here's a prophetic post from the NCRS tech board about the Ford prices.
Link

[Belair62]

[ QUOTE ]
My take on the auction is that the market is becoming more selective and educated and will not open a blank checkbook for a car with issues. .... I know of several recent sales of great 435s and three 69Lss that sold for huge$$$ so I believe that great cars are still selling for big money and will always bring big money. Also I think if the folks at BJ keep raising their commission rates and offer no reserve only auctions that the quality of their consignments will continue to plummett. IMHO

[/ QUOTE ]

I agree...very wise and focuse buyers at this auction...Chevy prices were not down...quality was...and buyers were not paying up....the good cars are at home in peoples garages still...some of those Fords had to come up....Boss 9 is a badass car...as well as some off the other Mustangs....

[Stuart Adams]

Enjoyed watching. Obviously it works, very popular and Speed devotes alot of air time to it. Just a money making machine at this point and it just keeps steamrolling ahead. Like Bob said this is just a sampling of cars and if the quality is down so will be the prices. Didn't see a whole lot of cars I had to have.

Bruce, I want to thank you for all the pictures. It takes an enormous amount of time and the site is better because of you. Thank You Bruce.

[HEMIBEE]

i wonder if people still think the black raiv judge that sold on ebay for 490k was a real transaction? the white ram air iv judge sold for 117k plus craigs take, looked like a nice car. the pontiacs are down in price a little also, i think it will be a positive, and bring more buyers to the plate. i am going to be looking for an ls6 panic sale,LOL "but if anybody here is in panic PM me"

[joey]

if your in it for investment sell your copo or 67 z28 and buy a shelby or mopar there kicking chevys butt as far as price and demand the camaro sales this week were a joke no big money I guess its because so many crooks have made clones and fake trim tags with false docs and even the real cars cant prove much anymore I think a lot of this is because of how some of you that think you are experts and are ceartinally not knock cars like you did my l78 when actually you have no clue everyone thinks they can pick apart a car because a hose is not the right color or a bolt dosent have paint on or the paper for pop looks too white (that one kills me)it etc maby one of these days you will learn to say nice car wish it was in my garauge and maby the prices will go up instead of down!!

[ANDY M]

Whoever bought the OCC cars with the bike included got a whale of a deal. The cost of the bike fabrication was more than what the car sold for!
If the bike were to sell at a motorcycle only auction, there could be no way that it would sell for than less $100K.
As far as keeping the bike and car as a set, it's obvious to me, IMHO, that the bidders were going for the car, not the set.
The Walrus got torn up by the Sharks.

[P.J.]

If all the stars and celeberties are selling their cars
they know must know something up. And when the regular bidders at BJ finnish their museums colections then who will pay the big bucks for these cars.
Peter