BarrettJackson-OC
Thread Starter
Pro
Joined: Feb 2002
Posts: 709
Likes: 10
From: Carlsbad CA
BarrettJackson-OC
Was at the event today and they were struggling to get dollars and bidders. At one point, they "invited" spectators into the Bidders seating until the bidders returned. Empty seats not good for SpeedTV. Due to talking up every bid, the show was way behind schedule and ran about two hours over.
Race Director
Joined: Apr 2000
Posts: 17,673
Likes: 199
From: Who says "Nothing is impossible" ? I've been doing nothing for years.
Those guys should start collecting stamps and let the real car guys have a chance to buy one of the overpriced cars at a reasonable price
Drifting
Joined: Sep 2004
Posts: 1,625
Likes: 4
From: Miami FL
I have been to both BJ & Mecum....I lliked Mecum better. BJ in West Palm Beach offered a reserve on the cars for an extra fee to the sellers this past year which I believe is a first for them. Probably doing it to attract customers/sellers. I think they are losing some customer/fan base to Mecum with BJ hitting the height in popularity a couple years ago.
Drifting
Joined: Jun 2007
Posts: 1,404
Likes: 1
From: Ansonia/NYC CT
BJ sells cars for far and away more than you could purchases similar cars almost anywhere else. I think some guys are starting to realize that you'll never make back what you put into a car, and that restoring cars for sale at these auctions might not be the best business model in the world, anymore. Everyone seems to know what they have, in terms of value, when it comes to parts for restoration, and everyone wants to get top dollar for the effort they put into the work they do. Which is fine. But more and more, I think it's becoming a losing game for the people that restore, because there is a huge gap between truly valuable, coveted cars (classic Ferrari's, Mercedes 300SLs, true Shelby Cobras, ETC), and the stuff the rest of us can actually get our hands on to restore in the first place, like old muscle cars. The people with the money to pay the top dollar for the parts and labor put in by the restorers only want good returns on their investment, and old muscle cars can no longer promise that. So they save their bids for the close out finales.
Economically, you can almost say it's the end of an era, the end of a class.
The middle class.
Economically, you can almost say it's the end of an era, the end of a class.
The middle class.
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Instructor
Joined: Sep 2010
Posts: 229
Likes: 1
From: Grants Pass Oregon
BJ sells cars for far and away more than you could purchases similar cars almost anywhere else. I think some guys are starting to realize that you'll never make back what you put into a car, and that restoring cars for sale at these auctions might not be the best business model in the world, anymore. Everyone seems to know what they have, in terms of value, when it comes to parts for restoration, and everyone wants to get top dollar for the effort they put into the work they do. Which is fine. But more and more, I think it's becoming a losing game for the people that restore, because there is a huge gap between truly valuable, coveted cars (classic Ferrari's, Mercedes 300SLs, true Shelby Cobras, ETC), and the stuff the rest of us can actually get our hands on to restore in the first place, like old muscle cars. The people with the money to pay the top dollar for the parts and labor put in by the restorers only want good returns on their investment, and old muscle cars can no longer promise that. So they save their bids for the close out finales.
Economically, you can almost say it's the end of an era, the end of a class.
The middle class.
Economically, you can almost say it's the end of an era, the end of a class.
The middle class.
Tech Contributor
Joined: Jun 2004
Posts: 20,847
Likes: 959
From: I tend to be leery of any guy who doesn't own a chainsaw or a handgun.
Was at the event today and they were struggling to get dollars and bidders. At one point, they "invited" spectators into the Bidders seating until the bidders returned. Empty seats not good for SpeedTV. Due to talking up every bid, the show was way behind schedule and ran about two hours over.
There's a section for the wheeler-dealers, and this ain't it.