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Has Barrett-Jackson passed over the european classics? It appears to me there is either no interest in these classics or Barrett-Jackkson has sold out to Mopar. Any thoughts or ideas?
Barrett-Jackson only sells what people bring to the auction. They do not choose what make/model to sell other than no junkers. The cosigners are the ones who decide what will be there.
They look at the cars that are submitted to them and pick them. I would say that yes BJ is selecting muscle cars over the europeans submitted because they know they can get more Shelby Mustang than an Austin Healey. They get 12% of everycar sold and money talks.
They get 8% from the buyer and 8% from the seller, 16% commission.
And if I ever see another Chevy on the auction block, it will be too soon. Don't mind seeing the Dodge/Plymouth meaty cars though! Or the Pontiac GTOs.
The majority of the automobiles sold at this auction were considered "worthless" in the 1950's and 1960s. For example Mopar couldn't even sell the "Road Runner" and "Super Bee" when they were new. Guess with lot of greenbacks you can swing the market any way you want. Or, the buyers back then didn't see the "value" of these "wonderful machines".
he meant the proceeds for the 2007 Shelby Mustang GT500 went to a charity, which was part of the reason for the rediculously high bid. However, the person that bought the car still paid $600K+ for it. Ford is supposed to reroute that money to whatever charity it was. Even though I personally can't imagine paying that much for that car, I reckon it still would have gone for that much even if there was no charity involved, because the person was getting a lot more than just the first production Shelby Mustang GT500 available to the public. However, it wasn't nearly $600K worth of stuff associated with the car.
I guess whoever bought the car will be able to get their money back + interest after 10 or 20 years assuming they never drive it and keep all the other "goodies" in mint condition...
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