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$60,000 BJ8

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Who knows, these days he might just get it.
I've been watching the results of the Barrett-Jackson auction in Arizona;a bj8 sold for $97,200.
 
Now THAT is a complete restoration! You can tell that there is not ONE SINGLE THING on that car that was left untouched. Don't know how I feel about the price. /ubbthreads/images/graemlins/confused.gif Depends on whose shoes you're in; the seller/rebuilder or the buyer/customer.
 
Asking price and selling price are two different things. One can ask whatever one wants for anything but will you get it? Must admit though it sure looks clean and detailed.

Bruce
 
Acutally Bruce, the restorer is probably losing money at that price it is one clean machine.---Keoke
 
Got to think the restorer of the $97K Healey at Barrett-Jackson made a profit. I think it was Kurt Tanner.
 
Yep Shorn, you are probably right, but at $60,000 he would not have made a dime.---Keoke /ubbthreads/images/graemlins/patriot.gif
 
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Yep Shorn, you are probably right, but at $60,000 he would not have made a dime.---Keoke /ubbthreads/images/graemlins/patriot.gif

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Find it hard to believe being in business he would loose money. Maybe not make much but loose...? doubt it.
 
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Got to think the restorer of the $97K Healey at Barrett-Jackson made a profit. I think it was Kurt Tanner.

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I wonder if this Healey had any kind of special history driving up the price.

Bruce
 
[ QUOTE ]
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Got to think the restorer of the $97K Healey at Barrett-Jackson made a profit. I think it was Kurt Tanner.

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I wonder if this Healey had any kind of special history driving up the price.

Bruce

[/ QUOTE ] Yes Bruce, Auctions have a history of making an arse out of people.- /ubbthreads/images/graemlins/laugh.gif---Keoke
 
I was watching the Barret Jackson action when the concept Olds ('53 or '54 I think) went for 3 million. (B/J got almost a quarter million over for commission). Makes one think about relative values. Most of the cars will never be driven at that price. What good is a 60K Healey if you aren't going to drive it? You'd probably not be able to re-sell it when the wife finds out what you paid.
 
You won't be able to drive it when the wife finds out what you paid!


You are right TH, cause we would be Daid.---Keoke /ubbthreads/images/graemlins/laugh.gif
 
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As I've said before, I have a fully documented Works prepared BJ7 that I'll let go for $40,000.

SB

[/ QUOTE ] Nah Scott, must be somthing wrong with it thats way too cheap.Better send it to BJ's upcoming auction.---Keoke /ubbthreads/images/graemlins/laugh.gif
 
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As I've said before, I have a fully documented Works prepared BJ7 that I'll let go for $40,000.

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Maybe you could sell it to the guy who paid $25,000 for the Bug-Eye Sprite at the B-J auction! /ubbthreads/images/graemlins/yesnod.gif
 
It cost $350 to register as a bidder at the Barrett-Jackson Auction. That fee included admission to the entire event for the applicant and guest, special parking, access to the bidder seating, and most important, a HOSTED BIDDER BAR THROUGHOUT THE EVENT. Pretty much unlimited alcohol for the potential buyers. Do you suppose that a well lubricated bidder might loosen his hold on his wallet? /ubbthreads/images/graemlins/thirsty.gif /ubbthreads/images/graemlins/thirsty.gif It seems to me that Craig Jackson is one pretty smart guy. That said, I hate to see the situation where some very rich people (maybe with more dollars than sense) make it more difficult for the average guy to enjoy the hobby of classic cars than it should be by driving up the prices to ridiculous levels. /ubbthreads/images/graemlins/nonono.gif /ubbthreads/images/graemlins/nonono.gif
 
It would appear to me that venues such as the Barrett-Jackson auction are NOT for the "average" guy looking for a classic car! I didn't see too many daily driver-type cars there, most of the cars sold were perfect, trailer queen types that belong in a museum (or a rich guy's climate-controlled garage).

And, I don't think we'll find too many "average" folks bidding there, either. At least, not average guy who know a little about the car they're buying! What average guy, in his right mind, would pay the entry fee, the 8% sales commission, etc., etc., PLUS the absolute top, retail price for a desired car?

These televised auctions are for rich collector, not everyday folks, no matter what Craig Jackson says. In fact, WE all know that we could get a similar, 90% restored car for a fraction of the price of some of these vehicles.

I can't imagine a scenario in which I'd attempt to buy a car at Barrett-Jackson. It's a fantasy show, not a car sale!
 
You're right about it's being a show. I went to the Palm Beach event last spring, not as a bidder. It was well worth the trip. It's a great show. But it's not a good place to look for bargains.
 
[ QUOTE ]
Yep Shorn, you are probably right, but at $60,000 he would not have made a dime.---Keoke /ubbthreads/images/graemlins/patriot.gif

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Well let's see. I understand Mr. Tanner buys only top notch Gold Concourse cars so were looking at an initial investment of say $28,000 (conservatively), then he completely dimantles the car and rebuilds to his very high standards, maybe at a cost of say $25,000 then he pays Barrett Jackson to submit the car on prime time approx. $1200, then he pays a seller fee of 8% (the buyer also pays a buyer fee of 8%) so I guess he has to sell at $58,536 to just break even. All figures were done by longhand please excuse if incorrect.
/ubbthreads/images/graemlins/tongue.gif
 
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