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BJ auction

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What??????? A 59 just went across the stage at Barrett Jackson for $37,000.00! Granted I am the owner of a cheap (or as we say at the parts counter "Cost Effective)Triumph so ....
 
My son a I watched this car cross the block last night and wasnt supprised at the result. The big dollar cars are correct and that is one of the things that drives the price. The 59 100/6 that sold last night had a three carb motor. It didnt have the creased hood and it had pinstriping on it. These are just the things I noticed on TV

It looked like a nice car and I personally have no problem with modified cars but it limits the value of the car. The good cars will be sold over the weekend and lets see what happens then.


Kevin R
3000 with creased hood, big wheels and a wood grain dash
(not BJ material)
 
It seems like classic cars in general are taking a hit right now in the real world. The very reason I got a super great deal on the BJ8 I bought last month is the same reason that I took a serious beating on the '68 Camaro I had to sell to get it.

It's a great time to buy, but a horrible time to sell.

~Robert
 
I personally have no doubt it'll come back... but it's going to be a while. This time next year I suspect we'll see much stronger values than today (though it'll probably be even longer before they get back to appreciating like they were before the economy fell apart). I captured the NADA values for my car in PDF form the day I bought it, so it'll be interesting to see how the values change as time goes on (hasn't changed at all yet).

~Robert
 
I have been an enthusiast for over fifty years, and up until the advent of popular auctions about 2 decades ago, these cars were simply traded from one enthusiast to another, no one really thought of them as investments, they were not bought or sold but put up for adoption. My Elite, 330GT, and TC were placed in good homes for very fair prices through car club contacts. The place they were going more important than the price. I guess what ticked me off in this thread was the use of todays prices as "bargain." No, fair value is determined by what someone will pay. Over the years I have always thought that each car I bought, I offered more than anyone else, that is why it was sold to me. So to say someone got a "bargain," especially at Barr.Jacks. known for top of the market prices seems an incorrect use of the word. These cars should be objects of our affections, not just to be tarted up sold off to the next guy who will tart it up some more and try to sell it on. In the professional investing business known as the "greater fool theory." In looking for a Healey for a friend after the first "investor car" bubble burst, some guy said: "I cant sell it for more than I paid, its and investment." Sorry for the rant, but....
Jay Glass
'65 3000
 
How about the GT6+? Is this a car that has ever been in the public eye?
 
For those interested, The famous Barret Jackson collector car auction will be held January 18-24 and most likely will be televised on the "Speed Channel". From their website I've found 10 Austin Healey's available for auction. The Lot numbers are as follows;
#392 #415.1 #737.1 #742 #944.2 #946 #960 #983 #1241.1 #1336

With the lot numbers in hand you can sort-of figure out what day each car will be auctioned.
From the website you can enter the Lot number and view the details on each car.
 
I appreciate Jay Glass's (WHY's) perspective and share his views. I've been watching the BJ auction on my new HD TV and in my opinion most of the the cars are too nice to enjoy. It is hard to believe that people are recovering the cost they put into making them immaculate. They don't look like they have been driven since restoration. I have been enjoying my Healey for 28 years. Yes, sometimes I wonder how much I could sell it for, but think of all the work it would take to clean out all the oil and grime that has accumulated from just driving it. I've never had the engine out, so the engine compartment is largely original. The exterior and interior are beautiful to my standards and I love just looking at it and driving it around the neighborhood.
 
I think the current winning bids are more reflective to what the cars high retail worth are. Previous to the 2009 auction, prices really got way out of control and totally unrealistic. Some people made out really well on those sells. Its nice to be hopeful in getting anywhere close to what these cars are bringing today at Barrett-J, but not reachable if its even only an occasional driver. But at any auction, there has to be at least two people that want the car more than what the market value is.
 
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