BJ Palm Beach Auction Poll (for Mar 28 - Apr 1) | Page 2 | FerrariChat
Buy

BJ Palm Beach Auction Poll (for Mar 28 - Apr 1)

Discussion in 'Ferrari Discussion (not model specific)' started by No Doubt, Feb 3, 2007.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

?

BJ Palm Beach 2007 vs 2006 prices

  1. 2007 Overall Money **UP** From 2006's $34 M

  2. 2007 Overall Money **DOWN** From 2006's $34 M

  3. 2007 average sales price per car UP 20% or more over 2006

  4. 2007 average sales price per car UP 1% to 20% over 2006

  5. 2007 average sales price per car DOWN 1% to 20% from 2006

  6. 2007 average sales price per car DOWN 20% or more from 2006

Multiple votes are allowed.
Results are only viewable after voting.
Page 2 of 3
  1. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #26 No Doubt, Mar 30, 2007
    Wow! The 1954 Buick Roadmaster just sold for a mere $26k!

    What a meltdown is in progress...
     
  2. jm3

    jm3 F1 Rookie

    Oct 3, 2002
    4,364
    United States
    Full Name:
    JM3
    #27 jm3, Mar 30, 2007
    ya know what? I'm gonna try to sign up as an internet or phone bidder. seriously. I'll make my wife dress up like Spanky.

    Jay
     
  3. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #28 No Doubt, Mar 30, 2007
    OK! The 1989 Ferrari 328 (w/ 54k miles) spiced up the auction action a bit!

    $55,000
     
  4. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #29 No Doubt, Mar 30, 2007
    Bel Air owners must be breathing a sigh of relief after the 2nd 1955 Bel Air (this time, a convertible), went for $70k.
     
  5. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #30 No Doubt, Mar 30, 2007
    Oh! Total meltdown in the Amphicar market today when 1 sold for only $46k.
     
  6. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #31 No Doubt, Mar 30, 2007
    214 Cars sold for 9.35 Million ($43.7k per car average). BJ Palm Beach is now half over, and the poll for this thread is just about to close.
     
  7. Ashman

    Ashman Three Time F1 World Champ
    Owner Silver Subscribed

    Sep 5, 2002
    33,011
    MA
    Full Name:
    John
    #32 Ashman, Mar 31, 2007
    Actually, "Spanky" (Assiter) is the male auctioneer with the glasses on his forehead. I don't know if his nickname is the result of his hobby or from the Little Rascals. His wife Amy is the bidder's assistant who gets a lot of attention, mainly for the way that she "handles" bidders by touching their arms and generally using her feminine skills to get middle aged male bidders to get it up (the bid that is).

    My general comment is that the public must finally be waking up to the fact that the endless supply of 50's and 60's American cars, hot rods and "resto rods" moving across the block at these auctions demonstrates that none of these cars are rare and that there is no reason to pay so much when there are 5 more just like it coming along behind.

    John
     
  8. jm3

    jm3 F1 Rookie

    Oct 3, 2002
    4,364
    United States
    Full Name:
    JM3
    #33 jm3, Mar 31, 2007

    Ok then, maybe I wont ask my wife to dress up like Spanky
     
  9. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #34 No Doubt, Mar 31, 2007

    BJ's first 68 cars sold on 3/31/07 are averaging $44.6k each (i.e. today).
     
  10. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #35 No Doubt, Mar 31, 2007
    1998 355 Spider w/6 speed just sold for $70k.
     
  11. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #36 No Doubt, Mar 31, 2007
    1992 512TR just sold for $94k.
     
  12. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #37 No Doubt, Mar 31, 2007
    Through 111 cars sold so far today (for $6,423,500) gives an average of $57,869 each (for today).

    $18.819M sold overall up to now (428 cars) in the 3 days of BJPB, so the running per car average to date is currently at $43,970 each...
     
  13. RP

    RP F1 World Champ

    Feb 9, 2005
    17,667
    Bocahuahua, Florxico
    Full Name:
    Tone Def
    #38 RP, Mar 31, 2007
    Just got home from BJ Palm Beach, Superbird/mint/papers/not a Hemi, sold for $295,000.

    Very very nice 512TR, $95,000.
     
  14. redcar1

    redcar1 Formula Junior

    Nov 3, 2003
    628
    austin, tx
    Full Name:
    Mark
    #39 redcar1, Mar 31, 2007
    Anyone else notice how frequently the bidders don't even seem to know if they are the high bidder or not? As much practice as BJ has, you'd think they would be less prone to confusion.

    I thought I saw one instance with the cat-daddy in the beret and Bonoglasses say he was done, thinking he was out, only to be congratulated on his new car????
     
  15. dretceterini

    dretceterini F1 Veteran

    Apr 28, 2004
    7,289
    Etceterini Land
    Full Name:
    Dr.Stuart Schaller
    #40 dretceterini, Mar 31, 2007
    Well, at least the B-J name is appropriate!
     
  16. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #41 No Doubt, Mar 31, 2007
    172 cars sold today at BJPB for $13,825,000 ($26,220,500 for the 3 day running overall total). That's $80,378 each on average today, and 489 cars sold overall for the 3 days so far ($53,621 overall average per car sold over these 3 days).
     
  17. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #42 No Doubt, Mar 31, 2007

    Yeah, that trick hasn't always worked, but some bidders still fall for it anyway.

    That was the 440 Cuda. The cat-daddy in the beret and pink tie had the $280k bid and said "I'm out at $280" when Spanky's wife asked him to bid $290k. She said "Oh, OK, that's us at $280." Then Spanky asked him to bid $285k. Then the hammer came down and Spanky told the cat-daddy congrats for buying the 440 Cuda for $285...which is to say, they tried to bump his own bid, first to $290k and then to $285k, and sold him the Cuda for $285k.

    He should ask BJ why they tried to get him to bump his own bid.
     
  18. dretceterini

    dretceterini F1 Veteran

    Apr 28, 2004
    7,289
    Etceterini Land
    Full Name:
    Dr.Stuart Schaller
    #43 dretceterini, Apr 1, 2007
    Did the guy get a B-J from B-J the extra $5,000 :p
     
  19. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #44 No Doubt, Apr 1, 2007
  20. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #45 No Doubt, Apr 1, 2007
    OK, based on the preliminary numbers for BJPB, we've got $18.819 sold overall in the first 3 days, plus another 69 cars for $2,183,665 in reported Sunday 4th day sales that includes the Buyers' premiums (that's just $1,985,150 in auction-price sales for Sunday), for a grand total of $20,804,150 in 4 day sales for 2007 at BJ Palm Beach.

    So for the reported 497 cars sold at 2007 BJ-Palm Beach, that's an average of $41,859 per car.

    In comparison, 2006 BJ-Palm Beach saw 563 cars sold for $33.9 Million...average sales price per car: $60,213.

    Pending no revisions to the preliminary figures posted on BJ's web page, 2007 saw average prices of only 69.52% of those seen for 2006 BJ PB.

    Likewise, 2007 BJ-PB saw only 61.37% of the overall money seen at 2006 BJ-PB.

    If these numbers stand, then the posters who voted overall money down and/or (you could vote for more than one choice) the posters who voted average price down by more than 20% have won.

    So a hearty congratulations to all who voted, and a tentative special congratulations to those who got 1 or both results correct (erick72pors and MarkoP in particular).
     
  21. dretceterini

    dretceterini F1 Veteran

    Apr 28, 2004
    7,289
    Etceterini Land
    Full Name:
    Dr.Stuart Schaller
    #46 dretceterini, Apr 1, 2007
    Comparisons from year to year don't matter at all in the end, unless the same cars are being compared. Basically, I think the very top end is up slightly in the last year, the middle (which is 75% of the cars) is down, and the low end is up...
     
  22. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #47 No Doubt, Apr 1, 2007
    I disagree. Selling fewer cars for less money each is indicative of a change in the market or business.

    Plus, the Amphicars and 1955 Bel Airs show quite a declining trend, year on year.

    Also, keep in mind that BJ - Scottsdale saw a 5% decline for the average sales price per car from 2006 to 2007. Thus, the trend appears to be accelerating.
     
  23. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #48 No Doubt, Apr 1, 2007
    Well, the play by play, day to day numbers from the SpeedTV narration seem to be at odds with the posted numbers at BJ's web page.

    Summing the 4 days from BJ's web page yields $32,246,115 in overall sales (buyer's premium included), which translates to $29,314,650 in auction-price sales for 2007, with 590 cars being successfully sold at BJ-PB for 2007.

    So now you have a choice of which set of numbers to believe. Very confusing.

    Anyway, going by the BJ web page numbers, 2007 BJ-PB overall sales are 86.47% of 2006 BJ-PB sales, and the 2007 BJ-PB average price per car would be $49,686...which would be 82.517% of the 2006 average.
     
  24. dretceterini

    dretceterini F1 Veteran

    Apr 28, 2004
    7,289
    Etceterini Land
    Full Name:
    Dr.Stuart Schaller
    #49 dretceterini, Apr 1, 2007
    If you are selling a differnet product from year to year, I don't know how you can say that. It's comparing apples and oranges.

    The price of lower end (under $50,000) sports cars, like MGs, Alfas, Lancias and Fiats, have all gone up at least 10%, if not 20% in the last year. The biggest hit is in the middle, on American cars in the $50,000-$100,000 range, but sports cars in that price range are actually up slightly. Low end American cars have gone up. Look what someone paid for that nothing Mustang that had no more than 300 million sales decals!
     
  25. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    #50 No Doubt, Apr 1, 2007

    I fear that you are being led astray by the exceptions, rather than the overall rule.

    If overall money was up, or if average sales prices were up, or if traditional individual models were up (e.g. Amphicar/'55 Bel Air), then you might be able to justify an exception...but since none of those things happened, the clear conclusion is that the market/business has changed.

    But even in a down market you are going to have the occasional exception to the rule. Heck, even in an up market you will have exceptions.
     
Page 2 of 3

Share This Page