Barrett-Jackson Scottsdale Auction
- Thread starter Topnotch
- Start date
Special K
GT Owner
That’s terrific! It’s heartwarming to see such generosity!!
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GKW05GT
GT Owner
Will be very interesting the first open bid NFGT! Probably will top the 1.6M total raised last year's charity auctions
nautoncall
GT Owner
- Apr 6, 2014
- 1,093
BAT
GT Owner
Here’s your chance!!!
Gentlemen,
For our well heeled members without an allocation or for those who wish to acquire a 2nd new GT all you need to do is show up in Scottsdale two months from now. Well, show up with 3 to 3.5 million dollars which is the range in which I believe the hammer will fall on Ron’s new GT. Everything over 500k will be tax deductible as a charitable donation.
AND.....for the 13th year in a row I’ll be organizing the “Ford GT Owners Barrett-Jackson Scottsdale Dinner” on Thursday night so you’re going to want to be here for that. I think I’ll bid up to 1 million and then I’ll let the real honcho’s take over. It’ll be fun to watch.
Chip
Gentlemen,
For our well heeled members without an allocation or for those who wish to acquire a 2nd new GT all you need to do is show up in Scottsdale two months from now. Well, show up with 3 to 3.5 million dollars which is the range in which I believe the hammer will fall on Ron’s new GT. Everything over 500k will be tax deductible as a charitable donation.
AND.....for the 13th year in a row I’ll be organizing the “Ford GT Owners Barrett-Jackson Scottsdale Dinner” on Thursday night so you’re going to want to be here for that. I think I’ll bid up to 1 million and then I’ll let the real honcho’s take over. It’ll be fun to watch.
Chip
You can take this to the bank. There is a 0.0% chance that that GT will sell for less than 2 million dollars.
Chip
Awsum GT
GT Owner '18
Can't wait to attend the Barrett Jackson this year... We need all of the GT Forum members present to be on stage cheering this on!
Probably not as it's a charitable and tax deductible auction. My 2007 pristine Shelby GT/SC is probably worth 25K. The first Shelby GT sold at B-J Scottsdale for 500K in a tax deductible charity auction. In addition to those two big draws, bidders can be a hero on nationwide TV. The money exchanged in a charity auction isn't a good measure of market prices and I doubt our good friend Drew at Classic will see it as a bell weather.
Chip
- Jan 10, 2008
- 183
Well said Chip. I have no doubts whatsoever that this vehicle will sell for more than $1.5mill at a minimum. However, you are correct, how much do you want to pay for your insurance is the question (a topic I have discussed with many of you!) or what is your comfort on the valuation. We can make all sorts of cases for an insured amount above purchase, however, I am not sure how all the carriers (willing to insure the new GT) will want to treat valuation based on the final (alcohol induced) hammer price.
Special K
GT Owner
Yeah, what he said regarding alcohol induction... good for dragsters, bad for bidders. I️ know from experience...[emoji15]
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Awsum GT
GT Owner '18
I didn't think they would value the car at 2-3 million or whatever it's sells for but I had heard from one of the NGT owners some insurance companies wouldn't insure past sticker until there is a secondary market. I know the sale price will be unrealistic but I thought it might get some of the insurance companies off the sticker price valuation.
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racelance
GT Owner
Chip, I hope to make the dinner this year (as I always try too!). I've got some cars running again this year and it usually keeps me from attending the dinner. I'll do my best.. hope to see everyone!
Lance
Lance