There actually was an electric wheel chair that went on the block however the bidding went to high and Craig Jackson let it go.

I did just watch a good friend of mine buy the red/red 69 Z28 (lot 502).
It looks great and I cant wait to see it in person.

 

seems like some real bargains tonight

 

I liked the white low mile 64 GTO that went for $27,000 on Thursday.

 

The people that buy at a BJ auction for the most part are rich guys. They still have $$$ unlike the rest of us.

 

Fri night crowd, even bidders looked really thin.
Didn't look as though they had a whole lot of cars to push through.

 

There was no real excitement. At some point sellers are going to realize that selling your car at NO reserve on TV is really cool until your car sells and you realize the only people that made $$$$ was Barret Jackson

It is obvious that the Hype is over and people are trying to be a little smarter with their money.

There was a time when this was the way to go. Now I think people can protect their investments better at a RESERVE auction. TV no longer guarantees Big $$$$

 

What I cannot understand is how a 1958 convertible "recreation" is worth
$115K (Lot 524.1) or a 69 pro touring Camaro (Lot 507) being worth $83K.

While I am not big on originality but I thought that was supposed to be the thing that brought the big bucks.

Maybe it has finally come down to buy what you like. If that is finally the case then I am all for it.

 

Wow BJ in Vegas was a bust. Looks like some nice cars going for about half the price(BJ money). Crowd was thin and it seemed like they were taking forever to sell each car.

Anyone see those Boyd cars go for about half of what he charged to build them.

 

Crowd was thin Bidders area was thin, great time to buy , rotten time to sell, I was syrprised I thought some of the big $ guns would put some of thier money in cars , But I'm wrong again

 

Not correct

Seller: 8%
Buyer: 10%

 

I wonder how many cars were actually sold to real buyers for real money,not that I'm saying that auction companies could be less than TOTALLY honest and have a few ringers on the block....

 

I was there all week, just got home. Ill comment on some of the postings... you can take it for what it's worth.

-The bidder area looked "thinner" because they obnoxiously set up the first 2 sections in front of the stage with "reserved'' stickers on the seats. Us poor $500 per bidder guys had to sit behind that. The second half back was pretty full with bidders, as was the skyboxes.

-I would not categorize the buyers I spoke with as "all rich guys." Lots of decent buys under $50k.

-Some cars sold low, but some were too high. Some dated street rods did not sell well because they were last millenium's news. the biggest problem was there simply were not many top-end killer lots there. The event felt a lot more like the Palm Beach Barrett or the Los Angeles one... smaller lots, less hoopla. Its not really relevant to compare this to Scottsdale.

-The bidder's premium was 10%. Drinks were free, though.

-Interesting comparison on the blue '66 vs. the yellow '67. $57k plus 10% was way too high for that car. Another silver '66 coupe was also too high. The '67 seemed under the money at 50. I was right there at trying 51, but 51+5100+2000 ship plus tax puts it over $60k. Too much. The car was OK, but an older resto. The yellow didnt hurt it at all.

-Geez. the '62 resto at $100K and the '58 at $170,000+. People aren't spending money? Right.

-The event was fun, but they need better cars. If it gets compared to the Scottdale event rather than the other smaller ones it won't last.

-My wife loved the green lambo in the lobby!

 

 

Just a thought that I hope isn't too out of line: I think what happened with the "Betty Davis Mustang" should be illegal if it isn't already. The owner of the auction company openly bidding against one of his buddies for the car? And you are going to tell me that this doesn't set somebody up later "Well, it sold at Barrett Jackson last year for $50,000!!!!"? Seriously, that was just WRONG!!!!

Nice insights though Vettebuyer, thanks.

 

If you go to the Yenko super car site you can read the story of a woman from OK who took nine cars out there and openly admits she BOUGHT THE BEST ONE BACK.....someone else commented when the bid on Craig Jacksons Camaro didn`t go high enough they sold it to a mysterious phone buyer....she also complained about the reserved seating that no one was sitting in and the 30 minute trip from the auction floor to where the tents where the cars were stored.....

 

I've never been to a car auction that didn't have people buying their own cars back or having buddies bid them up. Never. Not saying it's right, but let's not pretend B-J has a corner on that market.

The reserved seating was really annoying... I saw people come in the middle of the afternoon, hang out for awhile and then disappear... leaving premium seating open all day, for 3 days. Staff did not chase people away who shouldnt have been sitting there, but when the people did show up and someone was in their seats, the staff did kick people out of the seats.

30 minutes is a bit of an eggageration. It was a pretty good walk, but no more of a walk than at AZ or other very big events. Its hard to have 500+ cars sitting too close to a stage thats inside a hotel.

 

Well, I have never been to a car auction in person (I passed on the opportunity at Carlisle as the kids were losing interest), so I only know what I see on TV.......

Like I said, I hope my comments weren't too out of line, but I didn't like what happened there. If that is part of the auction process and is accepted by those that buy and sell cars through those venues, then my naivete is showing.

 

Funny how things change. Seems to me, from watching saturday's auction, the rest-mod cars were commanding much more money than the numbers matching cars. Times are changing. Buyers want to drive there cars not garage them.

Mark

 

I was watching baseball, but if I'd have known it was on, I would've watched it. I went to my first auction a few weeks ago (Mecum) near Chicago and loved it. I was scared I'd come away feeling like I paid too much for my car, but it was the opposite. Admittedly, I'm biased, but the Corvettes were the stars of the show. Best cars, best bids. It's a good thing I didn't have the kid's college money in my pocket...
The rest of the market is obviously soft. Most cars didn't meet the reserve, many cars sold for what I thought were very cheap prices, some outright steals. The sellers and the auctioneers were frustrated.

 

This is not an auction for Duntov/5 Star Bowtie/original owner vehicles with paperwork. The majority of the bidders are just not in that world. They like flash, chrome and lots of clear coat. That is what sells there.