Barrett-Jackson Auction

[PILOTJPW1]

I am looking for some tips on the sale. I have never been to the Bj but have sold cars at Atlantic city and other auctions. I can't go this year so I am thinking for the future.

Should a "average joe" enter and represent his own cars? Or farm it out and what's that cost?

Is this sale worth the travel expense for an east coaster to sell cars?

Whats the best way to learn the logistics of where to stay,store the car, tee it up, and entertain myself at night? :wink

I would be selling my 79 930 or 69 428 SCJ Mustang or some dust collectors that are really original and untitled but not popular collector pieces. Like a 59 T-bird.

Oh and whats your favorite from this years list?


Thanks for the info

 

[TEXAS GT]

I'd suggest taking them someplace you can set a reserve so you don't get screwed, but then set a LOW reserve so you can be assured that they will sell if any kind of legit offer is made. There's nothing worse than transporting and showing your cars for several days only to have to take them home. That's a pure loss of all your expenses. B-J is fun but unless you have a big block '67 Vette or a HemiCuda there is no guarantee that you will get a fair price for your cars, especially after all the exorbitant fees they charge (I think I paid $1500 just to have it under a tent instead of out in the weather). Factor in a 10% sellers fee, $300 bidders registration, transport costs, hotels and food, loose women etc. and it gets expensive fast.

Go local first.

 

[06fordgt]

pilot you have a pm.

 

[kjslider]

Oh and whats your favorite from this years list?

the '54 Buick Skylark

 

[B O N Y]

Pilot, where are you located, there are lots of good auctions. No reserve is no problem if you have a great auction. Barrett Jackson has 5000 registered bidders for 1000 cars, nobody, repeat nobody can offer that anywhere in the world. Need a reserve, Russo & Steele has a no reserve five day auction running at the same time, or there is Silver at Ft. McDowel running at the same time and taking reserve cars, as does Kruse which is a clean up auction.

For years I have been writing auction reviews for Hemmings, Sports Car Markets, Car Collector and Victory Lane. I been to all of them just about.
By an current issue of Hemmings Muscle Machines and read Jeff Koch's article on understanding auctions.

If you have a quality car and a well attended sale you will get market price.
Two have a auction you need two people that want your car.

 

[barondw]

the '54 Buick Skylark

Great choice.

Dave

 

[snaproll]

I am looking for some tips on the sale. I have never been to the Bj but haveI would be selling my 79 930 or 69 428 SCJ Mustang or some dust collectors that are really original and untitled but not popular collector pieces. Like a 59 T-bird. . .

A 428SCJ is not popular? I've always dreamed of that car - I'd be happy to help. Send me details and we can avoid all of this commission business. Really!

 

[B O N Y]

A 428SCJ is not popular? I've always dreamed of that car - I'd be happy to help. Send me details and we can avoid all of this commission business. Really!

Cutting to the chase, here is the market today before B-J next week:-
Mach 1 Q Code
4 22,400
3 37,100
2 56,500
1 87,000

R Code
4 23,900
3 37,100
2 60,800
1 99,800

 

[PILOTJPW1]

Thanks, Bony i was hoping you would chime in.

I had read of your knowledge on this matter. I'm located in Md. So there would be considerable hauling expense for the bj sale in Scottsdale.

Next year I want to go to Bj for an education.

I know the 428 is in current demand but it's some of the other pieces I am about ready to part with.

My car to have would be Mark Martin's Fusion. Looks like a fine Friday at the track hot rod. Any estimates on what it brings. I will total guess 185,000:confused :confused

 

[B O N Y]

I had read of your knowledge on this matter. I'm located in Md. So there would be considerable hauling expense for the bj sale in Scottsdale.

Next year I want to go to Bj for an education.

I know the 428 is in current demand but it's some of the other pieces I am about ready to part with.

My car to have would be Mark Martin's Fusion. Looks like a fine Friday at the track hot rod. Any estimates on what it brings. I will total guess 185,000:confused :confused

B-J auction is a lifestyle show, it is not reflective of the real world. It is fun, and one has to understand that many of the people buying the big cars are super wealthy. I often compare them to whales to go to the casino, have a great time, drop big money and as their G5 goes wheels up leaving Vegas turn to their buddies and say, "dynamite time, lets come back next month."

These guys do not care if they paid what you and I consider to be to much. It is sport for them. Their personal time is worth big money and they have no interest to feret out a great deal. I figure what the car is worth, but a ceiling and that is it, I am out.

Ok, you want a Cup car, contact Gene Felton or other guys that sell them all day long. Martin's car five years ago was worth $50K, three years ago $75k, two years ago $135k, this year $160k, what it hammers at (price before commissions) is anybody's guess.

Meanwhile there are good auctions in Atlantic City and others on the Eastern Seaboard to attend and learn, and do buy that magazine I recommended, great article. If you want a piece of the silly money, B-J is the place, but you better understand the inner workings of that place, very few people do. Call me some time and I will share what I know...

 

[Kirby Vieira]

Bony, we are all fortunate to have you as an active member of the Forum. You da man. Look forward to seeing you and swapping tales at the B-J.