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$143,100 BJ8 !

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K.T. put the car together in 7 days ??? that's very scary... his cars are nice but i really question the attention to detail in such a rush job - see the blog for more info...

It's a nice price!
 
Here's the current cars/and what they sold for this year... Funny thing that the "high priced" car wasn't an original golden beige car - originally ivory... so i guess the complete originality isn't coming into play as it should...

goto www.barrett-jackson.com

721 1960 AUSTIN HEALEY 3000 MARK I BT-7 2+2 ROADSTER SOLD 48,600
2006-BJCCA

64 1962 AUSTIN HEALEY 3000 MARK II ROADSTER SOLD 75,600
2006-BJCCA

• 714 1962 AUSTIN HEALEY 3000 MARK II BT-7 2+2 ROADSTER SOLD 56,160
2006-BJCCA

401 1965 AUSTIN HEALEY 3000 MARK III BJ8 CONVERTIBLE SOLD 70,200
2006-BJCCA

966 1966 AUSTIN HEALEY 3000 MARK III BJ8 CONVERTIBLE SOLD 64,800

2006-BJCCA
992 1967 AUSTIN HEALEY BJ8 3000 MARK III CONVERTIBLE SOLD 85,320
2006-BJCCA
 
STEP RIGHT UP LADIES AND GENTLEMEN FOR THE DEAL OF THE CENTURY!
For a limited time I am proud to offer this fine example of British automotive ah…automobile.
Because of the recent record breaking prices paid for Austin Healey BJ8’s, prices are sure to go sky high so don’t miss out on a chance to purchase this FINE machine.
This CLASSIC AUTO is painted in the original (type) color of OLD ENGLISH WHITE. Don’t be fooled be a car mistakenly painted in the wrong color! This car’s color actually matches the Heritage Certificate! IT'S THE CHANCE OF A LIFETIME!
This BEAUTIFUL British sports car was originally imported to California and is now owned by a real cool guy on beautiful Long Island.
It features: Four seats (kind of).
Four wheels
And a four speed shifter (of course then there's the overdrive)
And what would you expect to pay for a car of this FINE PEDIGREE and obviously desirable provenance?
140,000 dollars?
Well, act now and it can be yours for NOT 140 thousand. NOT 130 thousand. Not even 110 thousand!
Yes, act now and you can own this classic for a low low price of $100,000.99
And for a limited time the seller of this little beauty will ship this automobile to anywhere on the planet! Or the next planet!
So don’t wait! A small deposit is all that’s required to start the ball rolling.
Just dial: 1-800-holy-cow-these-people-have-too-much-money
 

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It didn't matter.

Since I'm the guy on the block for Speed I can speak to this with some authority.

Kurt Tanner is a friend of mine, and I suggested he build a certain car just for B-J. Last year's car did 90k. This year the bidding went through the roof, and the buyer (who is an agent for the real buyer) told me that the new owner intends to use it as a DRIVER. Go figure.... and go bask in the knowledge the the ceiling over your car just got a few feet higher.
Mike
 
Reid

Just wanted to comment on the great job you did covering the event! I went to my daughters basketball tourney for an all dayer and came home this evening to catch up on the days action by reviewing your blog. Keep up the good work!

DT
 
I showed my wife Reid's blog, and she now says that I should feel free to spend another $50k on the Healey any time I want. And you guys think the B-J auction doesn't help. HA!
 
[ QUOTE ]
and the buyer (who is an agent for the real buyer) told me that the new owner intends to use it as a DRIVER.

[/ QUOTE ]

Mike,

Nice to hear that the car is going to be driven. Some cars probably need to be in a museum but not a production Healey. I know a few CEO's around here who get paid 4 million or more a year so the BJ8 auction price works out to a few weeks salary for someone like that. It's also good to see a restorer making some good money on his craft.
Cheers,
John
 
Yes it is understandable that the CEOs making 4 million can do this kind of thing. But lets not take any of this seriously. I really don't want to be priced out of my hobby. Sure the high priced CEOs will always be around. But some of the oomph behind this market is the Baby Boomers with alot of discreationary money. They spent a lifetime making it, an accumulating it in retirement plans and other assets, and there are alot of them. When the last of us are gone, that big spending block will be gone too. Then most of these cars will be found in a shed like in the days of gas rationing. /ubbthreads/images/graemlins/cryin.gif
 
vette,isnt that kinda what happened to the corvette?of course they were not called "baby boomers" back then!just some guys with steady jobs,or going in or out of the service with a few bucks to blow,ya if your very very lucky you can still find a corvette in a barn or shed.but look at the prices now! /ubbthreads/images/graemlins/yesnod.gif
 
funny thing is that harwood-enterprises had a golden beige car for sale $65k - frame off & perfect and it was a 67 high 42#car (if i remember right)...

For double the price? sounds like buyers agent gets paid on commission... I hope the car #s match.

It's almost like the person who comes to the black jack table sits down and screws up the play - in the end you realize they don't know what they are doing... just spending money...

Maybe next year in the Neimans (sp?) catalog you can order a K.T. Golden Beige car ??? hey why not - probably get air-conditioning put in as well... /ubbthreads/images/graemlins/smile.gif
 
I told you so....

Now, let's look at those pre-war cars. Has anyone noticed that those prices have stagnated or dropped? I think that one of 200MPH buddies (B.V.) even mentioned this. I suspect when "we" start dying off (or is it retiring) the price will, once again, level and/or decline on the Healeys.

Personally, I always thought it was CrAzY that it was cheaper to purchase a nicely restored car than to restore it yourself! Hopefully, those days are gone forever.

Either way, (drive it or sell it) enjoy your Healey while you can.

P.S.

Anyone care to guess when my '65 Corvair Corsa Convertable will go north of 29K like the rampside on Tuesday??
 
The pre-war cars did level off. Now you will get an arguement from some quarters that it is surging again. I think if you look at this market closely you'll see that the demand has dropped. I'm in the local chapter of the AACA. our local meet still has many prewar cars. the guys that own them are predominately in their late 70's to 80s now. They restored the cars of their youth. Just like we are playing with the cars of ours. Hence a '60s era Healey and corvette. some of our older members are becoming inactive. their cars are selling for a fraction of what the valve was 10 or 15 years ago. BUT, what is bringing these cars back into the market at some very good current prices are the ones that were exceptional examples or special examples. They will level out at a value that will hold and then go on to increase because of an inherant value of what they are. But the majority will decline because the market demand is not there. It has moved on to the era of the next generation. A contemporary example is the Hemi. Why is a Hemi vehicle drawing so much money now? Because there are alot of people right now (demand) that think they want one. It will surely die when most of these people realize they don't want one.
 
Hmm. I'm certainly happy to see the values go up, but this is just detached from reality. I very much doubt that those of us with BJ8s would be able to turn it around for that kind of money. My car is a concours winning trailer queen, and underwent a frame-off restoration by a restorer who shows at Pebble Beach every year and has numerous class wins and special trophies (including the Lord Montague Trophy for the best british car on the field for a pre-war AC a few years back). Of course, I got the restoration for free and helped out, because the person in question is my dad! /ubbthreads/images/graemlins/smile.gif

In any event, can I turn her into $130,000? I'll believe it when someone offers me a cashier's check for that amount. I still think the market (except perhaps for one or two individual cars at auctions each year) will remain somewhere between $50k and $60k for private sales of concours cars. I could be wrong, but that's my prediction.

I'll probably get flamed, but I think paying $130k for a mass-produced car has something to do with being on TV, bragging rights, and the desire to show that one has a large, um, well, er, shall we say "bank account" if you catch my drift. /ubbthreads/images/graemlins/wink.gif Particularly when an equally good BJ8 can be had for half the price.
 
I was also at the auction and looked the car over. One of the things I noticed was that the rivets attaching the aluminum shroud below the trunk lid were not well done -- there were elongated holes on several that were much bigger than the rivet (in one direction). There were other things as well that certainly would hurt it in any concours event. I guess if it's just a driver, it doesn't matter, but what a price! We can only hope that these sales will drive up the values, but there is certainly no logic at auctions -- especially B-J.
 
I think you misunderstand. I propose that BJ teamed with Speed ARE the tiller for the market and can steer it as they see fit. The other auction companies Do NOT have the lever on the market that BJ now has. We all watch and marvel as 5000+ bidders push the price of vintage cars up and up.

If BJ wanted to drive up the price of Ferarris, Talbots, Lancias and Skodas, all they need to do is start pushing them across the block on the television. Some of you will have to forgive me, but I have ALWAYs thought american iron was a load of junk. Muscle cars are for muscle heads! Why? Ever try to go around a corner in one? Ever try to stop one? There's not nearly the skill required to go fast for a quarter mile as complete an endurance race. American Iron has never compared to the finess of a euro car, even biritish ones! In my youth, the Iron whould show up at the races, but never finished ahead of the smaller engined, quicker stopping cars. Why do you think NASCAR exists? They don't want to be embarrased by "world calss" cars! Skodas might take more time to become popular, after all we didn't drive them 30 years ago. If you want something unique, drive a Skoda, could happen. Enough of my snobbery, my point is: I'm watching, I'm enjoying the frenzy, heck, I even go to the one here in Florida. This stroke of marketing genius IS making an impact on the industry as we watch. We can't change it (do we really want to?)

It just annoys me that Corvetts sell for more ;>}
 
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