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Old 01-20-2018, 10:03 PM   #1
Old buckeye
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Default Barrett Jackson Prices

The prices on most of the cars being sold are incredible this year.
You wonder if the stock market had something to do with this.

2 Corvettes sold for charity brought some nice money.
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Old 01-20-2018, 10:17 PM   #2
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Do you mean incredible for buyers indicating lower prices or incredible for sellers indicating higher prices.

A robust stock market can mean buyers have more $$$ to spend, thus raising prices, however I've seen where a poor stock market will send some investors seeking more tangible investments thus can raise prices of collectible cars as well.

Last edited by Steven Bell; 01-21-2018 at 12:38 PM.
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Old 01-20-2018, 10:19 PM   #3
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Quote:
Originally Posted by Old buckeye View Post
The prices on most of the cars being sold are incredible this year.
You wonder if the stock market had something to do with this.

2 Corvettes sold for charity brought some nice money.
No question about it. Car prices across the board where in the stratosphere compared to previous years. Even some OK cars sold for over $150,000.

After all, the stock market has added $7 TRILLION DOLLARS in the last 12 months and given consumer confidence is soaring. Try going to a restaurant they are all jammed.
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Old 01-20-2018, 10:28 PM   #4
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I have more money to spend, I got a 2% raise on my Social Security!!!!
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Old 01-20-2018, 10:30 PM   #5
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He's talking about AUCTION prices for charity, not about prices of normal cars.

Edit: Well, guess its not just charity, but it is at the auctions.

Last edited by mschuyler; 01-20-2018 at 10:58 PM.
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Old 01-20-2018, 10:38 PM   #6
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Quote:
Originally Posted by mschuyler View Post
He's talking about AUCTION prices for charity, not about prices of normal cars.
Yep, the wallets seem to open wider for charity auctions.
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Old 01-20-2018, 10:58 PM   #7
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Quote:
Originally Posted by Old buckeye View Post
The prices on most of the cars being sold are incredible this year.
You wonder if the stock market had something to do with this.

2 Corvettes sold for charity brought some nice money.
Please read my NEW POST

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Old 01-20-2018, 11:00 PM   #8
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Over $100,000 for a Mustang? Oh boy
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Old 01-20-2018, 11:08 PM   #9
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The ZR1 serial#001 Sebring Orange went for I think it was $925,000 , do you guy's think it will ever be driven?
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Old 01-20-2018, 11:16 PM   #10
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Probably not.
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Old 01-21-2018, 12:09 AM   #11
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Never
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Old 01-21-2018, 12:28 AM   #12
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I think they must spike the HVAC system at B-J Scottsdale with something that causes folks to lose their grip on rationality.
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Old 01-21-2018, 02:25 AM   #13
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Quote:
Originally Posted by Foosh View Post
I think they must spike the HVAC system at B-J Scottsdale with something that causes folks to lose their grip on rationality.
Then there's the 'juice' on top of the hammer price.
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Old 01-21-2018, 09:14 AM   #14
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The bids on the cars yesterday seemed to be way higher than the bids at the Mecum auctions and I'm not just talking about the charity cars.
Then again, I'm just a little ol' Leith auction guy, sort of the poverty auction for classic cars.
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Old 01-21-2018, 09:21 AM   #15
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I was watching it on the Velocity channel also. I thought the prices were much higher now.
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Old 01-21-2018, 09:29 AM   #16
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I saw one guy buy several "Muscle" cars for way more than they are worth. How much you want to bet they were bought to sell overseas. I guess there is nothing wrong with that, it's just I hate to see great cars like that leave. I also wonder how many of the buyers are actual "car guys/gals" and not someone who just wants to impress others with how much they can spend on a car!
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Old 01-21-2018, 09:48 AM   #17
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Eh, the cars are worth exactly what someone will pay for it. It doesn't matter if you would pay that much or not.

And the Jackson cars are just BETTER cars than they offer at Mecham.
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Old 01-21-2018, 09:50 AM   #18
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Quote:
Originally Posted by vettpapaw View Post
I have more money to spend, I got a 2% raise on my Social Security!!!!
The increase in Medicare ate most of that increase up
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Old 01-21-2018, 10:05 AM   #19
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Quote:
Originally Posted by Apocolips View Post
I saw one guy buy several "Muscle" cars for way more than they are worth. How much you want to bet they were bought to sell overseas. I guess there is nothing wrong with that, it's just I hate to see great cars like that leave. I also wonder how many of the buyers are actual "car guys/gals" and not someone who just wants to impress others with how much they can spend on a car!
I expect you are right. Some here are always saying collectible cars are poor investments, which is not always true. Collecting 'investment grade' cars can be very profitable if the collector/investors knows what to buy, what they can pay and most importantly have the contacts thus know who purchases these cars and what they are willing pay.

I also expect some BJ sellers did quite well on their sales and perhaps some of the buyers will as well at some point even though it seems sale prices were inflated.
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Old 01-21-2018, 10:08 AM   #20
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Quote:
Originally Posted by vettpapaw View Post
I have more money to spend, I got a 2% raise on my Social Security!!!!
Did you forget about the Medicare cost increase. Makes my COL adjustment $4/month. And I thought all prices were going up - silly me.
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