Barrett-Jackson Scottsdale 2017
01-22-2017, 01:28 PM
#61
Safety Car
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The seller only netted $270,000 on this car. He paid 10 % on the sale price. All the hard work and parts then shipping the car. Then pray two people want to bid the car up to a profit for you. No reserve auction!! Looks like best way to make money is start an auction company!!
01-22-2017, 02:00 PM
#62
Melting Slicks
I too can't get over much money the resto mods are getting. I'm ready to hit the garage, rip out my original L79, throw on a set of 20" wheels and sell it for north of $100k.
I guess this is the logical evolution of the car market as younger generations can't work on them anyway.
Ed
I guess this is the logical evolution of the car market as younger generations can't work on them anyway.
Ed
01-22-2017, 02:10 PM
#63
Melting Slicks<br><img src="/forums/images/ranks/3k-4k.gif" border="0">
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2023 C2 of the Year Finalist - Unmodified
I too can't get over much money the resto mods are getting. I'm ready to hit the garage, rip out my original L79, throw on a set of 20" wheels and sell it for north of $100k.
I guess this is the logical evolution of the car market as younger generations can't work on them anyway.
Ed
I guess this is the logical evolution of the car market as younger generations can't work on them anyway.
Ed
01-22-2017, 02:36 PM
#65
Race Director
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I have a 1915 Model T that is all stock that I enjoy, but I know I am in a minority. That said, I know what Model T's are worth, and they've been flat for decades. Only the '09-'12 cars bring 'big' money (60k or so), and after the brass era '16's, you can get a nice one for under 10k. That said, I was astounded when the made-up '1915 Circus Wagon' Model T went for what, 120k? That very same vehicle, built up from parts, (as this one likely was) would cost less than 20k to obtain and complete. And would be lucky to sell for that on a real market. I saw the price that one went for and it blew my mind! Agree that the market is driven by the current crop of buyers, and as older collectors (and their childhood memories) fade from the picture, so do the high prices.
01-22-2017, 03:24 PM
#66
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White '64 roadster rolls onto the stage, then the announcers it's been "pulled."
Wonder what happened there?
Wonder what happened there?
01-22-2017, 03:30 PM
#67
Racer
There was a Restomod scheduled for sat.. Lot 1313 that disappeared from the docket and never ran it was a 62 vette built by the guys that sold one yesterday for 235k. They no longer owned it I believe they sold it last year at Scottsdale.
01-22-2017, 03:46 PM
#68
Drifting
Not to mention the VW 21 window bus that sold for $250K! "Rare original" does not necessarily translate to valuable.
There needs to be enough buyers around to generate demand, which will keep prices up. Most of us C1 and C2 owners lusted after these cars when we were kids and because we could afford them these past 20-30 years, demand (and prices) went up. However as we age, the next generation or two doesn't have the same desire to own one unless maybe it's a restomod with all the comforts and performance of a new vehicle. The cars our grandfathers and fathers lusted after as kids went through the same cycle and no longer have the same demand (and value) as they did 20-30 years ago.
I paid $24K for my '66 L79 in 2000 and it's probably worth $35k today, but in 10 years, I would be happy if it was worth what I originally paid for it.
There needs to be enough buyers around to generate demand, which will keep prices up. Most of us C1 and C2 owners lusted after these cars when we were kids and because we could afford them these past 20-30 years, demand (and prices) went up. However as we age, the next generation or two doesn't have the same desire to own one unless maybe it's a restomod with all the comforts and performance of a new vehicle. The cars our grandfathers and fathers lusted after as kids went through the same cycle and no longer have the same demand (and value) as they did 20-30 years ago.
I paid $24K for my '66 L79 in 2000 and it's probably worth $35k today, but in 10 years, I would be happy if it was worth what I originally paid for it.
You just can't compare the average plain Jane C2 to a rare, highly optioned car in a desirable color combo. Values reflect desirability.
Also, the restomods that are pulling big money are all very well designed and executed examples, with probably nearly as much money invested as they are selling for. Just throwing in a crate motor, C4 seats, and 19" Foose wheels ain't gonna cut it
Last edited by SW Vette; 01-22-2017 at 03:47 PM.
01-22-2017, 03:51 PM
#69
Safety Car
Not to mention the VW 21 window bus that sold for $250K! "Rare original" does not necessarily translate to valuable.
There needs to be enough buyers around to generate demand, which will keep prices up. Most of us C1 and C2 owners lusted after these cars when we were kids and because we could afford them these past 20-30 years, demand (and prices) went up. However as we age, the next generation or two doesn't have the same desire to own one unless maybe it's a restomod with all the comforts and performance of a new vehicle. The cars our grandfathers and fathers lusted after as kids went through the same cycle and no longer have the same demand (and value) as they did 20-30 years ago.
I paid $24K for my '66 L79 in 2000 and it's probably worth $35k today, but in 10 years, I would be happy if it was worth what I originally paid for it.
There needs to be enough buyers around to generate demand, which will keep prices up. Most of us C1 and C2 owners lusted after these cars when we were kids and because we could afford them these past 20-30 years, demand (and prices) went up. However as we age, the next generation or two doesn't have the same desire to own one unless maybe it's a restomod with all the comforts and performance of a new vehicle. The cars our grandfathers and fathers lusted after as kids went through the same cycle and no longer have the same demand (and value) as they did 20-30 years ago.
I paid $24K for my '66 L79 in 2000 and it's probably worth $35k today, but in 10 years, I would be happy if it was worth what I originally paid for it.
That one was jaw dropper deluxe!
http://www.barrett-jackson.com/Events/Event/Details/1965-VOLKSWAGEN-TYPE-II-21-WINDOW-DELUXE-BUS-200656
http://www.barrett-jackson.com/Event...UXE-BUS-200656
Last edited by mrg; 01-22-2017 at 03:57 PM.
01-22-2017, 03:58 PM
#70
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EDIT: after I typed this, the car rolled back on the block!
And now, the announcer just said the car had a fuel pump problem on the block before and they wanted to fix it before it sold.
Last edited by vettebuyer6369; 01-22-2017 at 04:03 PM.
01-22-2017, 04:05 PM
#71
Race Director
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C2 of the Year Finalist - Modified 2020
01-22-2017, 04:26 PM
#72
Race Director
Anyone know what kinda wheels are on the '64 custom that went across Friday night?
http://www.barrett-jackson.com/Events/Event/Details/1964-CHEVROLET-CORVETTE-201555
Last edited by jim2527; 01-22-2017 at 04:28 PM.
01-22-2017, 04:41 PM
#73
Burning Brakes
Very well stated - and accurate !!
01-22-2017, 05:01 PM
#74
Burning Brakes
Anyone know what kinda wheels are on the '64 custom that went across Friday night?
http://www.barrett-jackson.com/Event...ORVETTE-201555
01-22-2017, 07:42 PM
#75
Not sure I agree with the "all the buyers are dead or dying" rationale. Mid 60's Shelby Mustangs, Cobras, hemi engined Mopars, documented FI and BB Vettes are doing just fine pricewise.
You just can't compare the average plain Jane C2 to a rare, highly optioned car in a desirable color combo. Values reflect desirability.
Also, the restomods that are pulling big money are all very well designed and executed examples, with probably nearly as much money invested as they are selling for. Just throwing in a crate motor, C4 seats, and 19" Foose wheels ain't gonna cut it
You just can't compare the average plain Jane C2 to a rare, highly optioned car in a desirable color combo. Values reflect desirability.
Also, the restomods that are pulling big money are all very well designed and executed examples, with probably nearly as much money invested as they are selling for. Just throwing in a crate motor, C4 seats, and 19" Foose wheels ain't gonna cut it
01-23-2017, 10:38 PM
#76
Racer
I thought the vette's were going for weak money. Don't believe auction prices are a very good representation of market value anyway. Depends on the audience. Some cars go ridiculously low and others just the opposite. BJ doesn't give you enough close up of the cars half the time anyway. Went to BJ's Northeast debut last spring and I couldn't believe the shotty condition of the bulk of the cars. Although I did enjoy the experience.
Ray
Ray
Does Hagerty just use Barrett Jackson data or all sales data they can get their hands on?
My thoughts on the resto modes is that the new breed Buyer wants the cool factor with more horsepower, wider tires, plusher interior, a/c and lots more! Best of all hop in it and drive anywhere! Hell who wouldn't want one if you could afford it?
NCRS is proof in the pudding of getting with the times by adding resto modes. Might help increase attendance and membership?
Lastly! I bought my C2 to DRIVE because they are just the coolest of cars!
Drive them like they were meant to be driven and if you can't you bought one for all the wrong reasons! And in true Canadian fashion " No disrespect intended"
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01-23-2017, 11:08 PM
#77
Racer
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Location: Hoover AL
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2017 C2 of Year Finalist
2016 C2 of Year Finalist
Call it Murphy's Law! As soon as I buy a C2 prices drop. Conversely after I sell they will only rise once again to historical figures lol!
Does Hagerty just use Barrett Jackson data or all sales data they can get their hands on?
My thoughts on the resto modes is that the new breed Buyer wants the cool factor with more horsepower, wider tires, plusher interior, a/c and lots more! Best of all hop in it and drive anywhere! Hell who wouldn't want one if you could afford it?
NCRS is proof in the pudding of getting with the times by adding resto modes. Might help increase attendance and membership?
Lastly! I bought my C2 to DRIVE because they are just the coolest of cars!
Drive them like they were meant to be driven and if you can't you bought one for all the wrong reasons! And in true Canadian fashion " No disrespect intended"
Does Hagerty just use Barrett Jackson data or all sales data they can get their hands on?
My thoughts on the resto modes is that the new breed Buyer wants the cool factor with more horsepower, wider tires, plusher interior, a/c and lots more! Best of all hop in it and drive anywhere! Hell who wouldn't want one if you could afford it?
NCRS is proof in the pudding of getting with the times by adding resto modes. Might help increase attendance and membership?
Lastly! I bought my C2 to DRIVE because they are just the coolest of cars!
Drive them like they were meant to be driven and if you can't you bought one for all the wrong reasons! And in true Canadian fashion " No disrespect intended"
I feel the same way that you do. Six months ago, I bought an NCRS Barrett Jackson C2 that sold there ten years ago. It is still original except for tires and newer AC unit. I hate to see stagnant prices for original NCRS prices, but mine is a driver for MY ENJOYMENT, and I will not let stagnant prices spoil my enjoyment of the car!
01-23-2017, 11:35 PM
#78
Racer
That's a Roadster Shop build and I bet he had that much in it
01-23-2017, 11:45 PM
#79
Racer
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