|
General Discussions Car People talking about something other than the Car Business – Is there life outside of the Dealership? |
|
Thread Tools | Display Modes |
01-24-2010, 10:21 PM | #1 |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
Barrett-Jackson - Scottsdale 2010
I had a chance to attend the Barrett-Jackson Auto Auction in Scottsdale on Thursday and spend many hours watching the coverage on Speed TV. (That mostly explains why I haven't spent much time on the forum for the past several days.)
Although there were still dozens of cars that sold for $100K+ it was very clear the value of collectible cars has taken a hit just like the stock marker. Based on historic prices, some of the Hemi E-bodies and Superbirds looked cheap. |
01-25-2010, 04:46 AM | #2 |
Senior Member
Join Date: Jan 2009
Posts: 1,122
|
I love watching the auction, and "someday" I want to attend it. I'm thinking about making the trip to Palm Springs in April.
|
01-25-2010, 09:10 AM | #3 |
Member
Join Date: Jan 2009
Posts: 85
|
My wife and I are HUGE fans of BJ. We even watch the reruns.
|
01-25-2010, 10:12 AM | #4 |
Senior Member
Join Date: May 2009
Posts: 291
|
A fellow Auctioneer I work with once a week at a Manheim auction works out there as a ringman. He is a really good auctioneer but he is a way down the line for a turn to get on the block. I'd darn near give my right arm to sell out there, it's kinda like being in the world series for an auctioneer.
|
01-25-2010, 10:22 AM | #5 |
Senior Member
Join Date: Jan 2009
Posts: 1,122
|
The big difference however, is speed. At Manheim, things are moving fast! The buyer has to be ready. At BJ, the buyers seem to have forever to decide.
|
01-25-2010, 11:17 AM | #6 |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
I wonder how many sellers buy their own car?
Given that Barrett-Jackson runs a no-reserve auction I'd love to know what percentage of the "buyers" are people who simply repurchased their own vehicle because the price was too low?
I noticed on several occasions the person who made the winning bid didn't look happy. I kept wondering if it was the owner of the vehicle expressing his frustration that he just took a 20% hit and still needs to haul the car home. It also seemed odd that the Minter T-Birds all sold for $95 - $100K when identical looking T-Birds sold for $30 - $40K less. I know that Minter has a great reputation, but I still have a hard time believing their restoration warrants a $40K premium. (My suspicion grew when Craig Jackson cited the selling price of the Minter T-Birds as evidence that the collector car market is still strong.) |
01-26-2010, 09:04 AM | #7 | |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
Quote:
I went with my dad so we only spent half a day at the auction. Because we went on one of their slower days the ticket price was only $10/ticket and allowed us access from 5 p.m. to close. I also noticed that Barrett-Jackson is adding an auction in Orange County this year. At some point I'm thinking people are going to question why they're paying 20% commission for a vehicle transaction, but in the mean time it's interesting to follow. |
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Barrett-Jackson Comparison - Scottsdale vs Las Vegas | XDCX | General Discussions | 9 | 09-21-2012 10:40 AM |
Test drove the 2012 Chevrolet Volt at Barrett-Jackson | XDCX | Sales | 10 | 05-16-2012 11:35 AM |
Road Trip - Heading to Las Vegas to see Barrett-Jackson | XDCX | General Discussions | 13 | 09-26-2011 09:26 AM |
Barrett-Jackson's Auction - Scottsdale, 2011 | XDCX | Automotive Discussions | 19 | 01-25-2011 07:00 PM |
Barrett-Jackson Auction Results | XDCX | General Discussions | 4 | 01-13-2009 10:46 PM |