Barrett Jackson Prices
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Racer
Joined: May 2011
Posts: 437
Likes: 82
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.
You wonder if the stock market had something to do with this.
2 Corvettes sold for charity brought some nice money.
Race Director
Joined: Apr 2017
Posts: 13,602
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From: Virginia
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 $$$ to spend, thus raising prices, however I've seen where a poor stock market will send some investors seeking more tangible investments thus can raise prices of collectible cars as well.
A robust stock market can mean buyers have more $$$ 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 Steve Garrett; Jan 21, 2018 at 11:38 AM.
Le Mans Master
Joined: Aug 2015
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From: Southwest Florida
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.
Safety Car
Joined: Feb 2016
Posts: 4,980
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From: Bainbridge Island WA
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.
Edit: Well, guess its not just charity, but it is at the auctions.
Last edited by mschuyler; Jan 20, 2018 at 09:58 PM.
Melting Slicks
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Race Director
Joined: Apr 2017
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From: Virginia
Then there's the 'juice' on top of the hammer price.
Race Director
Joined: Oct 2011
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From: Holly Springs NC
St. Jude Donor '16-'17,'22,'24
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.
Then again, I'm just a little ol' Leith auction guy, sort of the poverty auction for classic cars.
Drifting
Joined: May 2002
Posts: 1,546
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From: Back in Nebraska
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!
Race Director
Joined: Apr 2017
Posts: 13,602
Likes: 12,865
From: Virginia
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 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.
Pro
Joined: Aug 2011
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From: Little Rock AR