So I guess heritage value (or bubble) is going down. Values were crazy back in 2016~2018. Not just ford gt but porsche gt cars and everything deemed "collectible"
Public service announcement: List of Ford GTs at upcoming auctions (with links)
- Thread starter centerpunch
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So I guess heritage value (or bubble) is going down. Values were crazy back in 2016~2018. Not just ford gt but porsche gt cars and everything deemed "collectible"
Tomcat
GT Owner
I think the cream of the cream is more volatile (has a multiplier)...when the "marques" values go up, the lower quality go up a little, the middle quality go up at an avaerage and the top quality go up at a premium...then, with market volatility, the "market correction" has the same ratios.
I think the cars that have sold for very high prices have (almost) always been VERY low mile cars.
Here are results from last year BJ Scottsdale. You can see that the Heritage buyers were really confused about how mileage affects market value.
Note that every single car that year had under 3100 miles (although the 2 modified cars didn't state the mileage as far as I could find....).
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twobjshelbys
GT Owner
Yes, to a degree. Based on what I saw at Barret Jackson Vegas, Mecum and am seeing at Barret Jackson Scottsdale, there is a general softening of the collector CAR market. However, old trucks are going through the roof.
I agree. "In the wrapper" cars do get a large premium, no matter what color. I believe there is another general (and I assert, unfounded) trend that Canadian cars will get less than a US car. And then there is the exception to all of the rules where at BJ Scottsdale 2019 the highest car was a Canadian Heritage with about 3K miles... But like everyone says, auctions can be strange places in both directions...
twobjshelbys
GT Owner
No matter what you may think of the Auctions in general, or Barrett Jackson specifically, their charity auctions are not to be matched anywhere. As a donor of a charity car a number of years ago, I was just floored by the $2M price the Lexus LC 500 got. That's amazing for a Friday charity car! It looks like someone has stepped up to take the seat left vacant by Ron Pratte.
Gary
GT Owner
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Webpage for that car now states “Asking Price: $400,000, Make An Offer.”
2006 Ford GT Heritage Edition
Gooding & Company is recognized the world over as a leading automotive auction house specializing in the finest antique, classic, sports and racing cars.
www.goodingco.com
THamonGT
GT
For the record, I'd like to say I offered to buy my car back from the dude that bought it from me rather than have him auction it the first time.
Right now, that dude is really wishing he took me up on that offer.
Right now, that dude is really wishing he took me up on that offer.
THamonGT
GT
He’s bleeding from a deep cut! That’s what he deserves! Auction prices are off 20%+ as per Haggerty’s. The 260 original Cobra only brought $577,000 and it was nice! Way low!
HighHP
GT Owner
BJ 2006 yellow/black, 1111 miles, hammered at $300k, so sale price $330k.
BJ 2005 black/silver, 3400 miles, hammered at $285k, so sale price $313.5k
BJ 2005 red/white, 4800 miles, hammered at $300k, so sale price $330k.
people are crazy.
BJ 2005 black/silver, 3400 miles, hammered at $285k, so sale price $313.5k
BJ 2005 red/white, 4800 miles, hammered at $300k, so sale price $330k.
people are crazy.
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partssmann
GT Owner
Now, knowing what you know, and knowing how many cars with less miles and lower prices than that red car just sit online without selling, how representative are auctions?
Iconic GT
GT Owner
Auctions=booze buys and buddies cheering you on.....Now, knowing what you know, and knowing how many cars with less miles and lower prices than that red car just sit online without selling, how representative are auctions?
