Guest Silverghost Posted January 24, 2006 Share Posted January 24, 2006 After last weeks Barrett-Jackson Auction "Feeding Frenzy" I will be burning all my Old Car Price Guides !!!They are NO LONGER worth the paper they were printed on!!! Do you think someone SPIKED the Kool-Aid at this auction??? Cars were SELLING for TWICE-THRICE the Grade # 1 Price Guide Prices....for cars that in some cases were not GRADE #1 cars.... Are ALL these folks ...NUTS ???? Do They have MONEY TO BURN ???? OR.....IS IT JUST ME ????????????? My Dad (Who has been in this Old Car Hobby for 50 years{Now 88y/o} and I are STILL in a STATE of PURE SHOCK!!!What do you think is going on ????Will It Last ???? Will Prices go HIGHER ??? ORWill the "BUBBLE" BURST....and these folks get BURNED....BIG TIME !!!??? Link to comment Share on other sites More sharing options...
nearchoclatetown Posted January 24, 2006 Share Posted January 24, 2006 I think you are forgetting the part about the buyer being able to bid up his own car. If stuck with it he only pays 2%. I would like to know how many of the cars actually change ownership. And have you noticed how there are many of the same type of cars, say hemi Cudas? It would be easy for a group of owners to run each others cars up to create a false market. It's happened at Manheim, I wouldn't doubt many other auctions as well. Ssome of the cars I saw were bargains IMO, like the orange '36 Ford with Packard grille. I think it was in the 70's range. Link to comment Share on other sites More sharing options...
Tom M Posted January 24, 2006 Share Posted January 24, 2006 <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">I think you are forgetting the part about the buyer being able to bid up his own car.</div></div>Is this really true? How can that be? That is just plain wrong Link to comment Share on other sites More sharing options...
Guest De Soto Frank Posted January 24, 2006 Share Posted January 24, 2006 An old "rule" of capitalism was that "a commodity is worth whatever the market will bear at any given time and place"....A "super-rare 1968 Gazelle 2+2 super-Hemi-Demi roadster" might be "worth" $600,000 at B-J one day, and not even "worth" $100 in Dubuque next month...This example is overly simplistic; some things (such as "Art" or Music for example) have "intrinsic" value that is very hard to put a price on...Whether or not a perfect 1920 Pierce-Arrow brings the highest bid at B-J is somewhat irrelevant - it was a quality car through and through, and that alone is "valued" by a segment of the populace...doesn't always help the owner sell his car, but I think I'd be more interested in seeing such a vehicle go to someone who appreciates it for what it is and will enjoy it; as opposed to a speculator who's out to make money, and old cars are just the commodity he trades in.Even before B-J, I never found the "price guides" tremendously helpful in my little corner of the world...they never helped me get a better selling price for any of my iron, and they rarely helped bring someone else's price down...E-bay hasn't necessarily helped the situation either...as long as one has a decent internet connection and lot's of credit available, "collecting" is just a matter of a few mouse-clicks...money is no longer an object...If I were seriously looking at a car and the seller gave me a line about "what a similar car sold for at B-J", my response would be something to the effect of: "fine, then load this heap up and take it there; however, THIS is what I"M willing to pay for it HERE, TODAY." Well, I guess I'd better stop there before the tomatoes start flying... Link to comment Share on other sites More sharing options...
6219_Rules Posted January 24, 2006 Share Posted January 24, 2006 Funny, Frank, that was what I was just thinking after reading this thread. I watched some of the B-J on Speed, and was amused as well as slightly embarrassed. But you are right, of course, about the price guides ... they are only that, a guide. My Eldorado is a survivor (possibly) with some necessary maintenance and was 'valued' at $10,000. Hah! I can not get a 10th of that. As you said, its how it is hyped and what the market where you are at that moment is willing to support. As far as I can see, the 'collectors' at B-J are primarily commodity traders with an interest in old cars. Frankly, anyone who can take a decently preserved Packard limousine that is a 1 of 2 built and hot rod it, is no fan of antique automobiles. It made me ill Viper 10 cyl or not. How many of those 'antiques' did the commentator say were in good condition before somebody decided to 'kustomize' it for their own agrandizement? And how many of those cars were true examples and not clones? But I bet they got a hefty return on the original investment. Money talks when it wants to. <img src="http://forums.aaca.org/images/graemlins/crazy.gif" alt="" />Honestly given that Packard and several other antique hatchet jobs, I cannot see how B-J is good for the antique car hobby. Link to comment Share on other sites More sharing options...
kuhner Posted January 24, 2006 Share Posted January 24, 2006 I was wondering the same thing, "how could BJ be good for our hobby"? I thought the prices were crazy. Like nearchoc said, could the prices be artificially inflated. How about a group of sellers getting together to bid up a type of car, like a couple old VWs. Then when other VWs come up they are percieved to be worth that. Maybe I have 6 VWs to sell, why couldnt I bid the first one up to set a standard for the weekend. I know VWs would be a stretch but its just an example greg Link to comment Share on other sites More sharing options...
ted sweet Posted January 24, 2006 Share Posted January 24, 2006 I AM burning mine because i cant afford heating oil. Link to comment Share on other sites More sharing options...
FireballV8 Posted January 24, 2006 Share Posted January 24, 2006 GuysAll car shows on TV are bad for our hobby. All of the shows show people the way to restore a car is to take it all apart, customize the interior, exterior, throw in a crate engine and big wheels. They show people restoring cars in seven days. To me this isn't restoration, but swapping parts. They promote the fact that the original factory stuff is junk and should be replaced. I meet so many people that are afraid to drive original old cars because they will brake down or won't stop etc. I am sure that none of these people have driven or even been in an original car. I really get upset when people say original cars are junk and no good. It seems like its a trend to have a hot rod or custom. It is sad when good restored cars are customized. Link to comment Share on other sites More sharing options...
Twitch Posted January 24, 2006 Share Posted January 24, 2006 Just look on Ebay and you'll get some sense of it. People with too much money and no sense. I've seen it over and over where these cars are touted up and the jamokes buy into it and pay above #1 prices for #3 cars. This penchant for $100,000+ "rare" cars is silly too. Let's say like 15 Barracudas were built at the factory for their sponsored drag racers in 1967. The only thing truly unique is say a Hemi and a couple odds and ends cause from there the drag racers modified them to the extreme.So we fast forward to 2006 and suddenly some goofball ponies up 200 grand for one. Yeah it's sort of unique but not highly sought after. What's more it's entirely duplicate-able for all intent and purpose by building up 67 Barracuda and putting in a Hemi.All this big time auction stuff is doing is selling the sizzle and not the steak cause often times the steak is tough as shoe leather. Link to comment Share on other sites More sharing options...
Guest Silverghost Posted January 24, 2006 Share Posted January 24, 2006 I too think that the guy who cut-up that Great Old Packard should be "Tared and Feathered" !!! I am seeing more and more of this and it makes me sick!!! A friend of mine + his Dad had 12 Teens + Twentys Antiques. His dad had a stroke and could not drive his restored Antiques anymore so he told my Friend to keep the best six and sell the others. It took the better part of a year & there was little interest... (steel model T- model-A- Dodge coupe etc... The six were finally sold for a total price of under $10K total!!! For nice RESTORED cas...At least two that we know of have been turned into Hotrods!!! In one case the guy who bought the Model A junked the old Restored + Re-Machined drive train!!! "No one will want that old JUNK!!!" he told us!!! It almost made my friend + his Dad cry!!! I do believe that there were many speculators buying cars for $100K +++ that will never drive them!!! There was one woman there that bought an old convertable Mustang at a prior B-J Auction who stated that she NEVER DROVE IT!!! She expected to "Make a Killing"!!! It sold for $20K LESS tan what she had paid for it!!! (Good For Her!!!) She should NOT have bought it in the first place!!! I wonder what Old Mr. Barrett and Craig's father would say about this years event???Both these founders of the Origional Auctions LOVED the True Antiques & Classics!!! Few are sold there anymore!!! I know they would HATE that Packard limo !!! This event will only bring people into the hobby who are in it to speculate and make a fast buck!!! These folks do not LOVE the cars for what they really are!!! I am thinking of starting an AUCTION for the real Antique & Classic car guys!!! Restored & Un-Restored cars of ALL eras. NO HOTRODS!!!I would have this event in the Philadelhia Area!!! Where should i hav it??? What time of the year shoud I have it??? Does anyone think this would be a GOOD IDEA??? Would you attend??? What would you like to see there??? I would like some of your imput!!! I want to have a FUN EVENT for the true Antique & Classic Car Lover !!! Link to comment Share on other sites More sharing options...
dlh61olds Posted January 24, 2006 Share Posted January 24, 2006 My son and I had a great time at the B-J auction again!!!!!!!!!!!!!!!!!!!! Just getting to see some of the cars and get pic's before and after they were sold is worth the trip. For example, the 1954 Pontiac concept car. Where in the heck has it been for the last 50 years????? We got close ups of the interior and all views that we wanted. It seems to me like all these old classic cars will continue to grow in value. I don't have a clue what 2005 model of car would be called a classic 25 or 50 years from now.Outside of some of the custom cars(assembled from brand new parts in catalogs)And a few really stylized custom cars, todays manufacturers aren't producing any thing worth saving. Even the Corvette looks the same year after year. I personally am an Olds fan. Take a look at every year of Olds starting about 1950 and ending in 1963 and you will see that except for 1954-5-6 you have a brand new sheet metal design every year. With very few exceptions all of the modern cars look to me like they are formed with a cookie cutter. The only real difference is the badge they wear.It is also nice to know that someone appreciates the old cars and is willing to pay what they think the cars are worth. Have you seen what some "art" brings at auctions like a canvas done by an elephant.True, some of the custom cars are built just to put in the B-J auction and a lot of old cars are restored to show room condition for the same reason.I for one, owner of a couple of cars, (1961 Olds Starfire and 1928 F-28 sedan)amglad some one likes the old stuff and is willing to put their money on what they think is a good long term investment.So there, that's my opinion and I'm sticking to it !!!Thanx, if you read it all. Dave Link to comment Share on other sites More sharing options...
R W Burgess Posted January 24, 2006 Share Posted January 24, 2006 dlh61olds guy, You have a private message..."Flashing icon" at the top of the page. Click on it! <img src="http://forums.aaca.org/images/graemlins/grin.gif" alt="" /> Link to comment Share on other sites More sharing options...
Bhigdog Posted January 24, 2006 Share Posted January 24, 2006 Have your auction in the Allentown area. Transportation into the area is great, uncongested, close to both Philly and NYC (and me), rental space and everything else would be cheaper. Have it in the spring, maybe mid April, after the snow and when everyone in the hobby is real horney to get out and do car stuff. Hey, count me in......Bob. Link to comment Share on other sites More sharing options...
Guest Skyking Posted January 24, 2006 Share Posted January 24, 2006 I spent 4 days last week in Florida and watched the BJ auction at my brothers. I don't have speed channel here (another pay station I refuse to buy) and never watched the auction before. It appeared to me that alot of grown men have too much money and play a game of "WATCH HOW MUCH I SPEND". The only car I had any interest in was the '57 baby-blue Pontiac. As far as the BJ auction goes......they're all crazy! Link to comment Share on other sites More sharing options...
Dave@Moon Posted January 24, 2006 Share Posted January 24, 2006 <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> An old "rule" of capitalism was that "a commodity is worth whatever the market will bear at any given time and place".... </div></div> ...and the first three "rules" of commercial real estate are "<span style="font-style: italic">Location, location, and...</span> give me a minute, I'll think of it! A lot of the high prices I believe are related to the dismal economic forecasts we're all facing. (In case you haven't noticed, gasoline is hardly the only thing to double in price in the last 3 years!) That bubble will burst, eventually. However that doesn't explain it all. A cold can of Coke is worth so much on the street, so much in the Chocolate Field, so much in a theatre, so much at a hockey game, and so much at the ballet. The January auctions are the high priced real estate of the car hobby. There will be fools that think that is reproducible in May at Dunkirk, there always are. I wonder what a can of Coke was going for in Scottsdale last week? I wouldn't go burning any price guides just yet. Link to comment Share on other sites More sharing options...
Ron Green Posted January 25, 2006 Share Posted January 25, 2006 Most antique car hobbyist agree that BJ results are always inflated and the majority of time the price guides are still in the ballpark. Its the casual car enthusiast we now have to worry about as their Cosworth Vega is now in the 100K range in their eyes. With the casual guy many more old cars will sit and rot as they won't sell them for a reasonable price till its to late.The Packard limo was one of two produced and I am unsure if the other survived? The vehicle had history as it was owned by the Wrigley family and was truly unique however many will argue that at the selling price of 250K it was worth chopping. Link to comment Share on other sites More sharing options...
R Walling Posted January 25, 2006 Share Posted January 25, 2006 Dave, Concerning the price of a can of C oke on the street; I was at the Ferrari international meet at The Breakers Hotel in Fl. in 1990, They had a small bar set up on the grass for drinks. I didn?t know how much the drinks were so I handed the bar keep a twenty so that I wouldn?t be embarrassed asking. A gentleman came up to the bar loudly complaining that his wife had been charged $3.00 for a bottle of water. The bar tender stood stiff and tall and explained "SIR, you are at the Breakers" Link to comment Share on other sites More sharing options...
Dynaflash8 Posted January 25, 2006 Share Posted January 25, 2006 Those OLD CAR PRICE GUIDES, including the one from NADA never were worth the paper they were printed on, or the match to burn them. Link to comment Share on other sites More sharing options...
Dynaflash8 Posted January 25, 2006 Share Posted January 25, 2006 QUOTE: I wonder what Old Mr. Barrett and Craig's father would say about this years event???Both these founders of the Origional Auctions LOVED the True Antiques & Classics!!! Few are sold there anymore!!! I know they would HATE that Packard limo !!! UNQUOTE. I think they'd have rubbed their hands with glee all the way to the bank. I remmember before a certain magazine began being printed about 35 years ago, that there was almost no such thing as an auction....in fact the Manheim, PA Auction was the only one I'd ever heard of. I saw a beautiful one owner 48 Chrysler Town & Country convertible with the original lady owner driving it go through that auction one time. Brought $1600 against the $1700 she wanted for it. I couldn't afford it in those days even at that price. I guess the fact is, we live in the world we live in today and we have to learn to roll with the flow. Link to comment Share on other sites More sharing options...
Dynaflash8 Posted January 25, 2006 Share Posted January 25, 2006 QUOTE: My Dad (Who has been in this Old Car Hobby for 50 years{Now 88y/o} and I are STILL in a STATE of PURE SHOCK!!! What do you think is going on ???? Will It Last ???? Will Prices go HIGHER ??? OR Will the "BUBBLE" BURST....and these folks get BURNED....BIG TIME !!!??? UNQUOTE.My Dad used to say "a fool and his money are soon parted". He'd be 100 now if he were living. Your Dad at 88 probably remembers 1929, or certainly the effects of the CRASH on into the 1930s. After 1929 people who previously had "money to burn" were jumping out of windows and those who didn't do that were selling apples on street corners. Will "the bubble burst", oh yeah, it will....and that includes real estate. But you only live once too. Dad wouldn't have approved of my last purchase either, and he'd have said "a fool and his money are soon parted." And, in this case he'd surely have been right, but I'd have countered with, "Dad, I'm only going to live once." .....but I'm glad this wreck only has to be restored once <img src="http://forums.aaca.org/images/graemlins/smile.gif" alt="" /> Link to comment Share on other sites More sharing options...
Buicks Rule Posted January 25, 2006 Share Posted January 25, 2006 Absolutely Earl, Mr. B and Mr. J did not get into the auction business as a public service. They did it to EARN MONEY and they do that VERY effectively. Link to comment Share on other sites More sharing options...
241psa Posted January 26, 2006 Share Posted January 26, 2006 Some of the best entertainment at the BJ auction is to stand around and watch the old pharts with either long gray hair [or bald], with their shirts open halfway down to their fat bellies, with gold chains hanging around their necks, riding around in golf carts with a big cigar stuck in their faces and a silicone chested bleached blonde sitting next to them. These are some of the "big spenders" ruining the hobby and making the auction houses rich.Just my opinion based on having been there and seen the "show" and its characters first hand. The "show" was worth the cost of admission. Link to comment Share on other sites More sharing options...
Guest Silverghost Posted January 26, 2006 Share Posted January 26, 2006 Possibly you can give one of those "Blonds" my phone number... I am not THAT old...or That Fat...and I HAVE all my hair...Don't own a golf-cart...BUT we could ride in one of my roadsters or Convertables!!!I would rather spend my money on the "Blonds" than spend it at the Barrett-Jackson Auction anyway!!! Link to comment Share on other sites More sharing options...
Guest imported_CarFreak Posted January 26, 2006 Share Posted January 26, 2006 Back in the late 1980s the 1959 Cadillac was the car to have. Every show or auction that you went to had several to choose from. At one Fall Kruse Auction there must have been no less than 25 for sale - most of them red. The prices were CRAZY - convertibles and Eldos were selling for ridiculous prices - up to $100,000!!! Then in the early 1990s right around the 1st Gulf War there was a "price adjustment". A ton of the professional car salesmen lost money on the cars. Boo hoo - we all felt sorry for them. It's funny because now you hardly see them at the auctions. So now 15 years later we have the muscle car bubble. Who knows if or when it will happen but it won't surprise me. The idiots who are paying the ridiculous prices for Vettes, 57 Chevy sedans and other cars will have no sympathy from me. Link to comment Share on other sites More sharing options...
Matt Harwood Posted January 26, 2006 Share Posted January 26, 2006 I was watching some of my recorded hours of the auction last night and stumbled upon the grossest, possibly most stupid thing I think I've ever seen.It was that big balding guy who looks like that old wrestler Ric Flair or something (some of you may remember him as the dope in the yellow jacket who last year grossly overpaid for a yellow Z/28 that turned out to be a fake some weeks later). This guy is so pathetically desperate to be a celebrity in the "car world" (whatever that means anymore) and get on TV that he presented Craig Jackson (and his mom) with a 35th Anniversary 1988 Corvette as a present for being in business for 35 years. Then he hugged Mrs. Jackson about 4 times and practically broke his elbow patting himself on the back for being so generous.Here's the stupid part--<span style="font-style: italic"><span style="font-weight: bold">this is just a friggin' auction company!</span></span> They aren't some kind of historical society or charity that helps promote the hobby. They don't love these cars any more than your grocer loves a gallon of milk that makes him a profit. This isn't about anything other than pure profit, though a lot of people seem to think this is all the hobby is about.B-J only promote themselves (witness the ridiculous prices paid for special "Barrett-Jackson" edition vehicles this year--<span style="font-style: italic">WTF?</span> Those ordinary cars are special becuase they have some auction company's name on them? Come <span style="font-style: italic">on!</span>) They're only in it for the money, nothing more. It's just business to them. They certainly aren't doing the hobby any favors, and you'll even note that all the cars that were sold and the proceeds donated to charity, B-J kept their commissions on those vehicles instead of donating those, too. The auction company certainly doesn't need nor want that crappy Corvette. At best, they'll sell it to some dope at another auction who is somehow convinced that since B-J is selling it, it must be the most exquisite and valuable one in existence.Then there are the crowds that cheer becuase the auctioneers egg them on to raise the price. Excuse me? Nobody benefits from that except Barrett-Jackson, Inc. Why are the crowds cheering for someone overpaying for a garden-variety car? Because they see some guy waving his arms to get them to do it? <span style="font-weight: bold"><span style="font-style: italic">You stupid, stupid wealthy sheep.</span></span>Of course, I also blame the celebrities who show up and act like it is some kind of honor to be there jacking up prices on these cars. On the other hand, everyone knows that Carroll Shelby has never turned down the chance to make a fast buck in his life.I guess I should congratulate B-J for marketing themselves so <span style="font-style: italic">extraordinarily well</span> that all the dopes in that arena thought that B-J was actually <span style="font-style: italic">doing them a favor</span> by letting them overpay for all those cars.But still--<span style="font-style: italic">holy crap!</span> Link to comment Share on other sites More sharing options...
Amphicar BUYER Posted January 26, 2006 Share Posted January 26, 2006 MattWELL SAID! I don't get it either. I do know that the guy who bought the Amphicar only paid that much because he decided he was buying that car, period! We all hope for 2 people with deep pockets and shallow minds, to show up to buy our stuff. If only one is interested the prices will be significantly lower. Even if I had the money, that is not how I would go about buying anything! It shows me they are not really that smart about money, probably just lucky. Certainly not somebody I would do business with.I have no respect for these guys who may actually think these women "love" them for them. It isn't the size of thier (ahem) "personality" they are after! I had a lady who I did love very much. We had lots of plans to raise her newborn daughter as ours. Long story, short she met a 65 year old guy who bought her a Vette on a whim. That was followed up buy a trip to New Zealand to buy her a Harley and ride around for 3 weeks there. So I was out and her child is probably wondering why "Daddy" (AKA Sugar Daddy) is so much older than her friends parents. Julie is only 32! She insists it isn't about the money. Sure, Julie I believe you! John Link to comment Share on other sites More sharing options...
Pontiac59 Posted January 26, 2006 Share Posted January 26, 2006 Actually, there is a reason that thing is called a "guide" and not a fact book or something.Isn't it based on prices of cars advertised for sale and sold at auctions where results are available? I buy one about once a year and use it as just that, a Guide - usually my stuff is priced a lot cheaper and I include their info to make it look more like a bargain.Even at that I can't get $2000 or so out of a '50 Ford woodie that needs a total restoration even though I've seen people get as much as $50K out of one *outside* of a B-J auction and you could concievably spend the $30,000 to restore/rod it and still make money on it. Most of what it's missing or needs replaced could come from any solid $200 parts car. Go figure - Link to comment Share on other sites More sharing options...
Guest De Soto Frank Posted January 26, 2006 Share Posted January 26, 2006 Tell me about it...there's just no justice in the world, is there ? Link to comment Share on other sites More sharing options...
Guest Silverghost Posted January 26, 2006 Share Posted January 26, 2006 I think that the only thing really missing from the Barrett-Jackson Auction this year was.... Donald Trump...and his over-inflated Ego!!! Now from what I gather here from your various statements you would not be BUYING a car at the Barrett-Jackson Auction...BUT...Would you consider SELLING a car there if you knew you could get 2-3 X Grade #1 Prices for a Grade #2-#3 Car!!! Link to comment Share on other sites More sharing options...
Dynaflash8 Posted January 26, 2006 Share Posted January 26, 2006 Actually I think I heard the announcer say that car would be sold down here in Florida at the next auction. QUOTE: The auction company certainly doesn't need nor want that crappy Corvette. At best, they'll sell it to some dope at another auction who is somehow convinced that since B-J is selling it, it must be the most exquisite and valuable one in existence. UNQUOTE.I thought it was Donald Trump who accepted that Corvette? It wasn't?Would I sell at the B-J auction? They wouldn't accept my best Grand National Winner for their auction during the "culling procedure" I'm absolutely sure. How many Buicks did you see in that auction, huh? But, to better answer the question, "yes" if they would accept my car. Consider this, since the "Guides" are so useless, I'm sure I paid far too much for my more recent purchases, which cost far too much to restore, and even if they got that famously mentioned 2x3 times what the car was worth, I'd probably still lose money. Yet, I don't like somebody elses restoration work, so I have to pay my dues. And, "no" I'd never buy at any auction.....I sting myself bad enough face to face with the seller and then the next buyer <img src="http://forums.aaca.org/images/graemlins/smile.gif" alt="" /> Link to comment Share on other sites More sharing options...
Guest Skyking Posted January 26, 2006 Share Posted January 26, 2006 <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Some of the best entertainment at the BJ auction is to stand around and watch the old pharts with either long gray hair [or bald], with their shirts open halfway down to their fat bellies, with gold chains hanging around their necks, riding around in golf carts with a big cigar stuck in their faces and a silicone chested bleached blonde sitting next to them. These are some of the "big spenders" ruining the hobby and making the auction houses rich. </div></div>I didn't watch a whole lot of that auction, but the bidders I noticed were alot of young guys. One has to wonder where they're getting their money. My guess is that .com has been good to them........... Link to comment Share on other sites More sharing options...
241psa Posted January 26, 2006 Share Posted January 26, 2006 Sky. I didn't say those guys were bidding, I just said they were riding arouind in golf carts exhibiting themselves and their bimbos. Link to comment Share on other sites More sharing options...
Guest De Soto Frank Posted January 27, 2006 Share Posted January 27, 2006 "young guys. One has to wonder where they're getting their money. "How about "unsecured debt" ?Ever see the TEE-vee commercial with the 40-something guy, smiling all the way through, showing off his house, his cars, etc, and says "How do I do it? I'm up to my eyeballs in debt !" And as he's riding around on his lawn tractor he says "Somebody help me, please!" (still smiling)...I think there's more folks that fit that description than is good for the country these days...It was previously pointed out that B-J is a small segment of the hobby that gets very intense exposure; I'm sure a fair amount of the players have been successful in their various business pursuits, and have some out-right mad-money to blow... but I wouldn't be surprised if there's another fair amount who are like our buddy on the lawn tractor... Link to comment Share on other sites More sharing options...
R W Burgess Posted January 27, 2006 Share Posted January 27, 2006 M C Hammer, "Can't touch That", commercial. Minutes later they towing away his Lambo and have a "For Sale" sign in the front yard of the mansion...priceless!!! <img src="http://forums.aaca.org/images/graemlins/grin.gif" alt="" />Wayne Link to comment Share on other sites More sharing options...
Twitch Posted February 2, 2006 Share Posted February 2, 2006 This is a hilarious thread actually. The comments read kinda make one feel a bit queezy about being involved with "them old cars" at all. Sounds like a carnival of con men and posers instead of actual folks having desires for special interest autos Link to comment Share on other sites More sharing options...
alsancle Posted February 10, 2006 Share Posted February 10, 2006 BJ for now at least only allows cars to be "no reserve". That mean highest bid takes the car. In order to bid on your own car you need to register as a bidder, $350.00, then if you happen to win your car back you can pay the 8% seller commission as well as the 8% buyers. If you happen to live in Arizona you will also pay 5% sales tax. So..... if you pay 50k to buy your "100k" car back it is going to cost you roughly 8k or over 10k if you live local. That doesn't count getting the car there.Sure, people buy their cars back, but it ain't cheap to do it. Link to comment Share on other sites More sharing options...
Guest Silverghost Posted February 11, 2006 Share Posted February 11, 2006 It does However FORCE the price up higher!!!This is not fair to the buyers who think they are bidding against another BUYER...NOT the Seller!!!!!!It then becomes a "TAG SALE" !!!At several Auctions that I ran ...There were reserves and Buyers COULD NOT BID on their own items!!!This I believe was an HONEST AUCTION!!!It was much more fair to buyers!!!I also have a BEEF with a "BUYER'S PREMIUM"Why should you, as a Buyer , have to PAY for the privilege of SPENDING YOUR MONEY ???To me....This is GREED on the part of the Auction Company...and an Insult !!!If you went into SEARS to buy a Fridge would you want to pay a "BUYER'S PREMIUM" just for the right to do so??? On TOP of the Fridge price!!! NO WAY!!! When Car Auctions started in the early 70's there were NO "BUYER'S PREMIUMS"!!! Link to comment Share on other sites More sharing options...
DizzyDale Posted February 11, 2006 Share Posted February 11, 2006 Dear Brad,Sounds to me like the practice some pro sports teams use selling season seat rights.diz Link to comment Share on other sites More sharing options...
alsancle Posted February 11, 2006 Share Posted February 11, 2006 It is impossible to "force" prices up unless sombody (I won't use the word "sucker") agrees to pay. An open market is a wonderful thing. When the demand isn't there to meet the supply, poof, last years 400k hemi car will now bring 200k. Why get worked up about it? Link to comment Share on other sites More sharing options...
R Walling Posted February 11, 2006 Share Posted February 11, 2006 Regarding the GM futurarama bus that sold for 4.3 million, there is one owned by a bus service in Springfield Ma. that cost them $245,000 to rebuild. ?They could be persuaded to sell it if an offer came in?. LOL Link to comment Share on other sites More sharing options...
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