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The market is at an all time high! People have a little extra jingle in their pockets ! The guy chasing my SWC just offord me $20,000 over his last offer and I’am not trying to sell it! Said that’s what he made in the market last week! Buying there dreams—-we all get it!
Over the years at B-J Scottsdale the trend would be one or two of a particular car that was cosmetically done stunningly would suddenly sell for crazy money than ever before. It did not have to be any kind of documented correct original car just super well presented and LOOK correct. The next year the same type cars would come out of the woodwork. Often MUCH better cars than the one that started it all and sometimes not bringing the money the one that started it all. This usually would go on for the 3rd year at which point the prices would begin to drop and then it was over.
I do think the SWCs fit in this bubble right now. People will cash in for big bucks and others will say a few years later I missed it.
Having been watching 63s go by at Mecum for a few years now as I am looking for one, this year wins for high average prices I think. There were a number of well and fresh restored cars the last two years but they went in the 125 or a little more range I think (for non fuelie). These today were certainly nicely restored cars. Vettes seem to be doing well overall this year.
Over the years at B-J Scottsdale the trend would be one or two of a particular car that was cosmetically done stunningly would suddenly sell for crazy money than ever before. It did not have to be any kind of documented correct original car just super well presented and LOOK correct. The next year the same type cars would come out of the woodwork. Often MUCH better cars than the one that started it all and sometimes not bringing the money the one that started it all. This usually would go on for the 3rd year at which point the prices would begin to drop and then it was over.
I do think the SWCs fit in this bubble right now. People will cash in for big bucks and others will say a few years later I missed it.
Don't forget to add the 20% (10/10) on top of that Number, if the commision on the sellers end was not negotiated....to close the deal.
Yes, and don't forget to budget some extra money for the sales/used taxes that most individuals are charged at the BJ and Mecum auctions. Here, in Nevada, you pay no sales/used taxes on private party transactions!! Something to think about before you raise your paddle!
01-11-2018, 06:35 PM
2 SWC's sell at Mecum today...
. Last pic is when they closed that deal.
