(800) 853-2651
SHOP NOW

OT.Barrett Jackson Auto Auction!!!!

S

SJ

Member
Ever watch this auction?Im sure many of you have.In my way of thinking theres rich people,middle class and poor people,right?Well after watching these auctions it looks like the scales have tipped.Actually right off the table.Obviously theres too many rich people.Now I know these are beautiful cars and somebody spent alot of money and time to make them look the way they do.But cmon,these were 3-5k dollar cars when they were new.Now they go for 50-100k and more.Whats your opinion on this?Just wondering.

Stan
 
Well, apparently there's a market for these vehicles at these prices...just not in MY neighborhood. I'm not gonna comment on the rich vs. middle class vs. poor thing, because that wouldn't be a positive thing.
 
I watch it all the time when its scheduled. I even participate in the fantasy bidding. If I was looking to buy a vintage vehicle, I would look elsewhere. The fees are too expensive at BJ"s.
 
Well, I kinda dabble in a few old cars, matter of fact I got nice 65 Chevelle right now. If I wanted to go to Barrett-Jackson the last thing I would want to do is buy a car from them. 10% buyers fee on both ends??? Man you got to have more money than good sense to do that. It is the rich playing with their money. I am a firm believer that you can not build one for what they can be bought for but......10% on top of the final bid ???
 
I really see no difference in big bucks for old cars than many folks on this site paying big bucks for an old restored tractor. Many tractors at an antique tractor auction will go for many times it's original selling price. One that comes to mind is the MM with the cab that made it double as a car.
It is not a rich VS poor type thing. It is just guys that have been smart enough to save up over the years going out and buying the type of toy they enjoy.
 
If the winning bidder was willing to pay that price, and the seller is satisfied with the bid; the sale is a total success for both... I doubt that the car will be used as a daily driver, so the original price has little to bear on it's current value..... Likewise, the $35,000 9N Ford Tractor, and some of the John Deere Tractors sold in recent years.. Look at coin collecting; some of that former pocket change is now locked in vaults... Toy trains are another: I have seen an empty Lionel "set box" from the early 60's go for $6,300..(( a cardboard box with the Lionel logo and set number on the side)).. Jewlery is another; some of those rings are ugly (my thought, which don't count).. Some of the bids are definitely an eyeopener..
 
Its no big deal. people who have money can do as they like with it. A guy I work for has 2 SL 500 Mer, a $250,000 Bently sports car, here in NY, they only service Bently in Conn so he has it trucked there. Now its in West Palm beach FL, his other house! He also has a few Land Rovers and 4 Caddillac Esclades for his kids. I seen one there one day, than another, so I asked him , when you gonna get me one? He said more are coming because the kids are gonna be driving. I guess if your around that kind of money nothing suprises you.
 
They don't show the lower priced, more common cars on the teevee show. Partly because there aren't many of them (they tend to be sold at "local" auctions or normal two-party sale) and partly because they don't bring the good ratings that the super expensive cars do.
 
Had the honor of watching a car I had painted sell there last year. '64 Plymouth Fury super stocker clone.Guy I work with built it. First time down the strip turned 11.50 @ 120mph. Brought $27,000. Very few actual grass roots enthusiasts , mostly museums and investors , and overpaid celebs and NASCAR drivers. Free enterprise system at work.
 
Like everything else, prices are way down from a few years ago. Lots of "investors" took a pretty good trimmin' in the classic car market- but there seems to be more to take their place, just not at as rich a price.
 
Lotsa free drinks served there too. Helps otherwise inhibited bidders loosen up, and start chucking the cash around!
 

It is not that the autos involved are actually worth the money paid, this is a rich man's sport and the value is in the meticulous restoration where every fastener, battery, tires must be correct. These cars are status symbols to the buyers. It really has no bearing on what the car is worth, only on what someone is willing to pay for it! mEl
 
Restored MM UDLX $200,000+! What's up with that? You can't go back in time and buy a rare UDLX and you also can't go back in time to buy a rare 1970 Boss 429. That's why the prices are what they are. If no one wanted a certain car, the price would be considerably lower. Lots of the customized cars sell for way less than what was put into them.
 
The worst part of that show is that it has basically ruined the old/classic/muscle car market for the average person.

After watching that show, the average guy who's got, say, a 70 Chevelle sitting rotting away back in his fencrow suddenly thinks it's worth a fortune and either wont sell it or asks an outragous price..."Heck, I saw one sell on Barrett Jackson the other day for $50,0000, so mine's gotta be worth $10,000...all it needs is paint!"

What this genious doesn't grasp is the difference between the well-preserved low-mileage Supersport LS6 454/4spd car he saw on tv and his hashed-out 307/auto benchseat Malibu with rusted quarters and floorpans.
 
You must log in or register to reply here.

Similar threads

F
620 John Deere crankshaft tolerances
Replies
19
Views
727
Fidlstyks
F
B
Need help. Possum ate my wiring
2
Replies
30
Views
3K
Fixingfarmer
Fixingfarmer
Turkeyfoot
Cub prices soaring?
2
Replies
22
Views
847
jddrawbar
J
W
Good Auction, good Friends, GREAT FINDS!
Replies
4
Views
1K
warbaby
W
J
My Take on the Fires
2 3
Replies
40
Views
4K
jimg.allentown
J
Tractor Parts Tractor Manuals

We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today.

Copyright © 1997-2024 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters
Website Accessibility Policy

Back
Top