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slightly off topic but Barrett Jackson

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Old 01-18-2015, 06:03 PM
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commander_47
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Default slightly off topic but Barrett Jackson

I sort of watched Barret Jackson at Scottsdale this week. I didn't see all of it, but what I did see raised a few curiosities.

One of the highest selling "classic" Corvettes was highly modified.

http://classiccars.com/listings/view...arizona-85260#

The modified 57 with a huge late model big block went for more than the "original" models. $200,000.

The top three "classics" didn't sell for the millions the owners were asking.

I found it interesting the top three non sellers were corvette race cars.



Year

Car

Model

Highest Bid



1953

Chevrolet

Corvette Roadster Race Car

HB 2,200,000



1968

Chevrolet

Corvette Convertible L88 Race Car

HB 1,650,000



1968

Chevrolet

Corvette Convertible L88 Race Car

HB 1,650,000

The 1969 L88 with very low miles sold for a mere 280,000. I would have thought this car would bring more.

http://www.barrett-jackson.com/Archi...R-COUPE-138251

To be honest, I don't put a lot of stock in Barret, or Mecum or any of those auctions. I don't have that kind of money to spend and it seems to me that many of those guys have more money than brains.

It does makes me wonder what is going on in the Corvette Collector arena. It seems to be all over the place.

The fellow got the first 2015 ZO6 for 800,000, all proceeds going to charity, got a great deal. I wonder if he'll ever drive it?????
Old 01-18-2015, 06:59 PM
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briankeery
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The ultimate 'waxer' crowd......
Old 01-18-2015, 07:32 PM
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I didn't see the L-88 sell for $280k. That is surprisingly cheap if it is a real documented car. We have some forum members who are experts on this topic. I would love to hear their opinion on this one.... maybe get the "real story"

I did watch the 2 no-sale racecars, and I found it extremely annoying. What bugs the crap out of me is the reserve. I get very skeptical when the bidding goes up and up and you have no clue what the reserve is. If I did have enough money to bid on cars like that I would never participate in a reserve auction. I simply don't trust them. Was that a real buyer with real money willing to pay $1.6mm for that L-88 race car? It was absolutely beautiful, but not an original L-88. I don't know if the car's race history warrants a value over $1mm. And the 53 NASCAR race car. I bet Rick Hendrick would love to own that car, but to me it just looked like pure BS. The reserve could have been $20mm and various people could just be bidding it up on TV to try to create value. If you see it get bid up to $2.2mm with no sale then it must be a real bargain at $1.75mm, right? If it had been sold with no reserve it might have gone for $1mm.

The only thing more annoying to me than the cars that were sold with a reserve was the announcers who had no idea if a reserve was met or lifted. More than once I saw the bidding stall and the announcer would say that the car was being sold with a reserve that hasn't been met..... and the auctioneer hammers it "SOLD!"

I am still amazed at the relatively low prices of a very nice restored Corvette, even a 67 tripower, compared to Mustangs and Camaros.

The fellow got the first 2015 ZO6 for 800,000, all proceeds going to charity, got a great deal. I wonder if he'll ever drive it?????
Did Rick Hendrick buy that? He collects Corvettes with serial #1. He doesn't drive most of them.... how could he?

Last edited by PRNDL; 01-18-2015 at 07:37 PM.
Old 01-18-2015, 07:49 PM
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I'm not really surprised,
In the case of c3's most are modded, from a little to a lot, the stock purists cars are now a minority so this will trickle up the ranks to the fellows you say have more $$$ than brains and they will buy some resto mod.

However, I used to say that a lot about more $$$ than brains but if a fellow is lets say a multi millionaire for him to spend say 200 plus k on some really stunning turn key trailer jewel is not unlike me at my pay rate spending 5K on some project that people would call trash....
Old 01-18-2015, 08:46 PM
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What annoyed me is watching dozens and dozens of C1s, C2s, 67-69 Camaros and 64-70 mustangs be shown and then when the finally get something different and exciting on the block (a 72 Pantera) they go to a boring interview with the nobody Barry Mcguiar and miss it or they get a 71 Boss 351 Mustang and they're on commercial.

Last edited by Priya; 01-18-2015 at 08:51 PM.
Old 01-18-2015, 10:30 PM
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I watched nearly the entire auction from Tuesday through Saturday night. My take was modded cars were selling for a lot more than stock cars unless you have something rare or special.

At that auction if you had a typical run of the mill Corvette, Camero, Mustang, etc you were money ahead to have upgrades to modern hardware.

A lot of the cars were sold for a lot more than they were probably worth, but there were a couple cars where I felt bad for the seller. One in particular was a restomod Studebaker that easily had $100k invested that went for $25k.

I was also taking with a friend who lives in Scottsdale and he said every single woman in town was out cruising the auctions and local bars.

This event has crossed over from being a car auction to become a happening.

Anyhoo... that was my 2 cents.
Old 01-19-2015, 12:17 AM
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I DVR the whole auction and then zap thru it. This was one of the first auctions that most of the cars were bid out if reach. Prices were ridiculous except for some cars on Sunday. Seemed like every car was 70k plus and then you ran 1-200k on others. Some people have wayyy to much $$$$. It is on my bucket list to go out there one day!
Old 01-19-2015, 12:24 AM
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I find the lens they use for closeups highly irritating. Are they deliberately trying to make each car look 30 feet long?
Old 01-19-2015, 12:38 AM
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The 69 L88 went for 490k and the yellow 69 L89 went for 220k.
Old 01-19-2015, 07:36 AM
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I lost interest in this stuff a couple of years ago. You add cameras and a sprinkling of B movie/sports star and the prices seem to be 5 times their "true" street value.
Old 01-19-2015, 07:49 AM
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I'm a car guy.
It's a TV show that has cars in it, so I watch.
Barrett Jackson Auction Company is the real winner here.
Old 01-19-2015, 08:29 AM
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The first car on Sunday that got about 46 sec of coverage (it was hammered sold before the live shots) was a new '64 Cheetah kit. $40k + premium. Subtract about 20% for the B-J hype and we now know what a new one is worth (although I doubt you could build it for that).
http://www.barrett-jackson.com/Archi...REATION-180772
Old 01-19-2015, 08:37 AM
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Originally Posted by tokim
I'm a car guy.
It's a TV show that has cars in it, so I watch.
Barrett Jackson Auction Company is the real winner here.
me too, I record/watch all the mecum shows and have the B/J ones on standby to watch soon.

B/J has always been to auction with high dollars. Mecum at least the first couple of days you can get some decent deals. I still like to see the expensive ones hammer too though.

I guess B/J is trying to steal back some of Mecums TV earnings. They used to show them years ago on Discovery with Mecum but disappeared.

I probably watch more TV auctions than regular TV. I wish Mecum would come to the ATL. I'd take vaca just to go watch.
Old 01-19-2015, 09:06 AM
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Originally Posted by Iceaxe
I watched nearly the entire auction from Tuesday through Saturday night. My take was modded cars were selling for a lot more than stock cars unless you have something rare or special.

At that auction if you had a typical run of the mill Corvette, Camero, Mustang, etc you were money ahead to have upgrades to modern hardware.

A lot of the cars were sold for a lot more than they were probably worth, but there were a couple cars where I felt bad for the seller. One in particular was a restomod Studebaker that easily had $100k invested that went for $25k.

I was also taking with a friend who lives in Scottsdale and he said every single woman in town was out cruising the auctions and local bars.

This event has crossed over from being a car auction to become a happening.

Anyhoo... that was my 2 cents.
BJ is the super bowl for cars. We get both out here this year.
Old 01-19-2015, 09:48 AM
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Yes, it was rick hendrick that bought it. I believe he has all of the number one c7s produced in every configuration and has almost 150 corvettes alone.
Still my favorite is the Owens Corning vette he bought last year or the year before.
Old 01-19-2015, 10:09 AM
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Originally Posted by brent319
Still my favorite is the Owens Corning vette he bought last year or the year before.

I like the paint job too but Mr Hendrick paid $1,100,000 for a car built (by the O-C team) from parts they took off the production line which means it was never a GM built car and not an original L-88. the car below is the same car as the one in my avatar, the third O-C car built from a recovered theft Tony Delorenzo bought from Don Yenko documented 100% BUT because neither Tony or Jerry drove it I can`t sell it for 10% of what Mr Hendrick paid...
Old 01-19-2015, 10:25 AM
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I was at the auction this weekend. From memory, most C3's didn't sell for much. I saw five big block cars (two 68's, three 71-72's) that sold for under $40k. A few 71-72 LT-1's that were under $40k. One LT-1 (forget which year) sold for around $70k, one 73 or 74 (7000 miles) sold for $48k. I'm sure there were others, but that's what I saw.
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Last edited by Revi; 01-19-2015 at 11:03 AM.

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Old 01-19-2015, 11:48 AM
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These are the Corvette's from Thursday, which is the cars many in this group would be looking at.

Lot 628 - 1980 CHEVROLET CORVETTE
$15,400.00 * No Reserve Scottsdale 2015
Driven by Zora Arkus-Duntov for his personal car and for the summer of 1980 until October 1980. He drove 11,000 plus kilometers. This car has an NCRS Top Flight 95.5% original and a 3-Star NCRS original award.

Lot 638 - 1978 CHEVROLET CORVETTE
$22,000.00 * No Reserve Scottsdale 2015
This car is a factory-authentic two-toned silver and gray metallic '78 Chevrolet Corvette L48 Silver Anniversary coupe with 2,020 documented original kilometers. Fully loaded with factory options and full GM documentation.

Lot 639 - 1972 CHEVROLET CORVETTE
$31,350.00 * No Reserve Scottsdale 2015
Fully documented, matching numbers 1972 Chevrolet Corvette LT1. Complete with Build Sheet, owner history, GM documentation and only 40,567 original miles. All receipts and history book included.

Lot 658 - 1968 CHEVROLET CORVETTE 2 DOOR COUPE
$38,500.00 * No Reserve Scottsdale 2015
1968 Corvette with 65,200 actual miles. L71, 427/435hp, M21 4-speed and 4.11 posi-traction. Repainted original International Blue in 2002. Original interior. Documentation includes Tank Sticker, Protect-O-Plate and original invoice.

Lot 697.1 - 1972 CHEVROLET CORVETTE
$40,700.00 * No Reserve Scottsdale 2015
Matching numbers 350/255hp LT1 engine and 4-speed. Targa Blue with a deluxe black leather interior. A documented LT1 by the letter L in the vehicle identification number. Power steering, tilt and telescopic steering column, AM/FM radio, F70 15 RWL tires.

Lot 726 - 1971 CHEVROLET CORVETTE CUSTOM
$30,800.00 * No Reserve Scottsdale 2015
Absolutely gorgeous Corvette is painted a metallic Ruby Red over a cream interior. This beauty is powered by a 383 V8 supercharged engine backed by a fully built 4-speed transmission. Every piece of trim and chrome is new.

Lot 753 - 1973 CHEVROLET CORVETTE CONVERTIBLE
$52,800.00 * No Reserve Scottsdale 2015
L82, 4-speed transmission, original, documented and unrestored. NCRS 5-Star Bowties, Duntov and Top Flight Awards, Bloomington Gold Survivor Award.

Lot 756 - 1972 CHEVROLET CORVETTE
$44,000.00 * No Reserve Scottsdale 2015
LT1 coupe with rare factory air. Original motor and original paperwork. Two-time NCRS Top Flights and Bloomington Survivor Award. Ray Norvell Collection and magazine appearances.

Lot 756.1 - 1978 CHEVROLET CORVETTE
$30,800.00 * No Reserve Scottsdale 2015
Treated like a collectible since its initial August 1978 inspection. Still displaying just 71 actual miles, this preservation-class 'Vette is very well documented, retaining its original dealer invoice, factory Build Sheet and original owner's manual.

Lot 761 - 1981 CHEVROLET CORVETTE GREENWOOD GTO
$34,100.00 * No Reserve Scottsdale 2015
1981 Greenwood Corvette GTO coupe powered by a balanced and blueprinted L82 estimated to produce 450hp. BBS wheels, T/A radials and cross-drilled rotors.

Lot 828 - 1968 CHEVROLET CORVETTE CONVERTIBLE
$55,000.00 * No Reserve Scottsdale 2015
Original matching numbers 427 Tri-Power big block. Restored with its original British Racing Green and black interior. 400hp, 4-speed transmission and posi-traction rear axle.

Lot 837 - 1969 CHEVROLET CORVETTE CONVERTIBLE
$59,400.00 * No Reserve Scottsdale 2015
This 1969 Chevrolet Corvette convertible is unrestored and highly original with 785 original miles documented by a handwritten listing indicating previous owners and mileage during the timeframe of 1988 to 2007.

Lot 885 - 1971 CHEVROLET CORVETTE
$27,500.00 * No Reserve Scottsdale 2015
1971 Chevy Corvette T-Top coupe. Includes original buyer's order, Corvette plant Build Sheet, dealer shipper, original Corvette owner's card and original warranty Protect-O-Plate. Beautiful Mille Miglia Red with red vinyl interior.
Old 01-19-2015, 11:51 AM
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Friday's C'3

Lot 975 - 1971 CHEVROLET CORVETTE 454
$30,800.00 * No Reserve Scottsdale 2015
Original equipment with one paint refresh. Original Window Sticker and sales contract with all records included.

Lot 1002 - 1968 CHEVROLET CORVETTE CONVERTIBLE
$71,500.00 * No Reserve Scottsdale 2015
327/350hp engine, 4-speed transmission, matching numbers. NCRS, Carlisle and Bowling Green Best Roadster winner.

Lot 1033 - 1968 CHEVROLET CORVETTE L89
$75,900.00 * No Reserve Scottsdale 2015
427/435hp L89, 4-speed transmission, power steering, power brakes, power windows, AM/FM radio, deluxe hubcaps, F41 suspension, red line tires and J56 brakes which makes this car one of one.

Lot 1049 - 1968 CHEVROLET CORVETTE L89 CONVERTIBLE
$69,300.00 * No Reserve Scottsdale 2015
Very rare L89 Corvette convertible, in 1969 there were only 624 L89 coupes and convertibles. Vehicle originally sold by Berger Chevrolet. This is an ultra-rare vehicle and is in fantastic condition.

Lot 1162.1 - 1968 CHEVROLET CORVETTE CONVERTIBLE
$60,500.00 * No Reserve Scottsdale 2015
This amazing, all original, matching numbers 1968 Chevrolet 427/400hp Tri-Power L-68 convertible 4-speed manual transmission Corvette has white exterior, red interior with black softtop. Rarely used, the car drives
Old 01-19-2015, 11:54 AM
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Wednesday's C3's

Lot 308 - 1980 CHEVROLET CORVETTE
$15,400.00 * No Reserve Scottsdale 2015
L82 'Vette with glass T-Tops, new paint in original factory color and cold air conditioning.

Lot 325 - 1978 CHEVROLET CORVETTE
$11,000.00 * No Reserve Scottsdale 2015
T-Top Corvette coupe with an L82 engine and Turbo Hydramatic transmission. Maroon exterior with black interior. Power steering, power brakes, power windows, cruise control and air conditioning.

Lot 416.1 - 1969 CHEVROLET CORVETTE CONVERTIBLE
$27,500.00 * No Reserve Scottsdale 2015
This '69 Corvette has a 454 V8 with automatic transmission.

Lot 469 - 1969 CHEVROLET CORVETTE CONVERTIBLE
$38,500.00 * No Reserve Scottsdale 2015
350/300hp, 4-speed, posi-traction, AM/FM, Rallye wheels, T/A radials, Can-Am White with softtop and tan upholstery. Highly detailed ground-up restoration.

Lot 475.1 - 1971 CHEVROLET CORVETTE CONVERTIBLE
$38,500.00 * No Reserve Scottsdale 2015
Matching numbers LS5 454, 4-speed manual transmission with less than 100 miles on complete restoration. Ontario Orange with black interior. Power steering with factory AM/FM radio.

Lot 507 - 1970 CHEVROLET CORVETTE CONVERTIBLE
$77,000.00 * No Reserve Scottsdale 2015
Only 1,287 LT1s produced in 1970. Original numbers drivetrain and documented with the original Protect-O-Plate.


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