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430 Barrett Jackson F430 Sales

Discussion in '360/430' started by DOWORKFCAR, Mar 27, 2021.

  1. DOWORKFCAR

    DOWORKFCAR Karting

    Oct 15, 2016
    238
    Cleveland, OH
    A few F430s brought some crazy strong numbers on Barrett Jackson last night! I understand that their auctions can be a bit crazy but it’s nice to see these strong numbers. Didn’t really think Barrett Jackson was the best place to auction euro exotics but I’m pleased with the results.
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  3. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
    15,762
    something is off with the 172k...
     
  4. DOWORKFCAR

    DOWORKFCAR Karting

    Oct 15, 2016
    238
    Cleveland, OH
    too many drinks? Lol
     
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  5. armedferret

    armedferret Formula Junior

    Mar 24, 2018
    434
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    Mark
    A lot of B-J sale prices are the result of just that. They dont have a bar available for nothin. ;)
     
  6. BruceC

    BruceC Karting
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    Apr 26, 2018
    161
    Tucson, AZ
    ....manual 6 speed.
     
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  8. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    Its an f1
     
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  9. DOWORKFCAR

    DOWORKFCAR Karting

    Oct 15, 2016
    238
    Cleveland, OH
    Another F1 red Spyder just sold for $195K with B-J fees. Wow. 10k miles, nice spec, but wow.
     
  10. ttforcefed

    ttforcefed F1 World Champ
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  11. mchas

    mchas F1 Veteran
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    Oct 5, 2004
    5,049
    Los Angeles
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    Mark
    Wonder if people are going to start paying money to convert their 6-speed cars back to F1 now.. :)
     
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  13. BruceC

    BruceC Karting
    Silver Subscribed

    Apr 26, 2018
    161
    Tucson, AZ
    I stand corrected. Read the "manual 6 speed" too quickly, without seeing the F1 preceding those words. Maybe the high bidder made the same mistake. Otherwise, there's no explanation for that selling price.
     
  14. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    Only plausible explanation (outside of alcohol and showing off) is if the market was pricing the conversions on par with factory sticks, and to date we have not see that. The conversions have traded about 30 percent less. Either this auction was a fluke or f1s are being given a premium as they are conversion purchases.
     
  15. CoreyNJ

    CoreyNJ Formula Junior
    Silver Subscribed

    Apr 17, 2006
    621
    New Jersey Shore
    Here is another explanation...

    First the buyer at B-J is different than the average buyer. Their pockets are deeper and they will pay a premium to get a good example of what they want, which does tend to distort the market but that is generally when the second reason comes in to play.

    Second is that these cars are 12 to 16 years old... This is when they might be leveling out and starting to appreciate in value, not all to B-J prices but this might be the beginning of the creep up with the B-J guys at the bleeding edge of the high side. BTW: This is how much of the non-car collectible market works, never researched the car market because I don't plan on making money with my car, but it makes sense it may follow the same path once a "trigger" for an item happens (nostalgia, rarity due to attrition, connection to a brand or specific person)
     
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  16. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    but we shld/wld have seen some move in the 360 f1 market and we haven't. also scuds shld have moved first and they havent
     
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  17. BlacktopRacing

    BlacktopRacing Formula Junior

    Sep 18, 2016
    755
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    Dale
    Good, there's still a chance I'll get more for mine than what I paid for it back in 2016.
     
  18. ttforcefed

    ttforcefed F1 World Champ
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    Aug 22, 2002
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    Only way to know if this is real is if the wholesalers start paying up for them
     
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  19. CoreyNJ

    CoreyNJ Formula Junior
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    Apr 17, 2006
    621
    New Jersey Shore
    just did a quick search in the B-J website. The only scud they sold was a manual conversion, so it may be we haven’t seen what a normal Scud would sell for there.
     
    Ray Smith likes this.
  20. arizonaitalian

    arizonaitalian F1 World Champ
    Silver Subscribed Owner

    Oct 29, 2010
    14,155
    Wyoming
    I've only closely followed/investigated their CS sales, but based on that small sample and a bunch of third-hand stories in general, its not where a smart buyer goes to "pay a premium to get a good example" in my experience and imho. I think the reasons B-J prices can be of the "wtf" or "woah" variety is for the usual reasons cited (I won't repeat them here)...
     
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  21. NMNMNMN

    NMNMNMN Formula Junior
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  22. Cgk360

    Cgk360 Formula Junior
    Silver Subscribed

    Nov 24, 2013
    503
    NJ
    Full Name:
    Chris
    This. Comedian Kevin Hart paid over $800K for a resto-modded corvette. Insane price. He and his buddies were high giving when he won the bid. Maybe with the provenance of him owing it it will retain value but it's hard to believe that value will stick. What am I missing?
     

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