DealershipForum.com - View Single Post - Barrett-Jackson Auction Results

XDCX · 01-19-2008, 05:55 PM

I've enjoyed watching the Barrett-Jackson Auction on the Speed Channel this weekend.

I thought it was interesting when the announcing crew indicated that some of the high-end muscle cars were selling for only 50% of what they would have sold for last year.

I just watched a 1970 Hemi Cuda that was numbers matching with only 21K miles sell for $150K. Granted that the color, a burnt brown, may not have been super popular, but these cars used to sell for $500K.

I haven't watched enough of the auction to see if there are still people paying $3 - $4 Million for the ultra-rare vehicles like they have for the past few years. I'll report back in another post.

At the beginning of the auction, Barrett-Jackson's CEO, Craig Jackson, commented that the tight mortgage market has not had an impact on the price of collector cars. That's what you would expect him to say. The results, however, seem to be telling a different story.

01-19-2008, 05:55 PM	#1
XDCX Administrator Join Date: Nov 2007 Posts: 14,869	Barrett-Jackson Auction Results I've enjoyed watching the Barrett-Jackson Auction on the Speed Channel this weekend. I thought it was interesting when the announcing crew indicated that some of the high-end muscle cars were selling for only 50% of what they would have sold for last year. I just watched a 1970 Hemi Cuda that was numbers matching with only 21K miles sell for $150K. Granted that the color, a burnt brown, may not have been super popular, but these cars used to sell for $500K. I haven't watched enough of the auction to see if there are still people paying $3 - $4 Million for the ultra-rare vehicles like they have for the past few years. I'll report back in another post. At the beginning of the auction, Barrett-Jackson's CEO, Craig Jackson, commented that the tight mortgage market has not had an impact on the price of collector cars. That's what you would expect him to say. The results, however, seem to be telling a different story.