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Return from Barrett-Jackson 2004

Discussion in 'Ferrari Discussion (not model specific)' started by sagaponack, Jan 25, 2004.

  1. sagaponack

    sagaponack Formula Junior

    Nov 2, 2003
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    Rob
    I just got in from the airport from Scottsdale this evening... Here is my report from the auction block seat A-51.

    Overall, the prices paid crossed the line from "overpaid" to "absurd".
    Hemis, vettes, GTO's went for 2x-3x value for people who are willing to take some time to find the right car.

    Much of the premium I will call the "Speed Channel" premium. People just wanted to win on national TV. As evidence, when Craig Jackson signed off for the viewers at home and there were still a good two hours of cars left, half the bidders on the stage and a good portion of the audience left.

    With respect to Ferraris... This is not a bad place to buy a Ferrari. THE BIDDERS DO NOT UNDERSTAND THEM. The 246gts was very rough. The Blue 355 had 19k miles, cracked dash, chips, bolster wear, etc. It traded in the high 80's (less buyer's premium).

    The Pozzi Blue Barchetta with 100 miles (which I fell in love with and only made it half way through) traded at $251k. Actually a fair price given the Fiorano package, no miles, etc. Especially if you want blue.

    The challenge race car with an interesting provenance traded in the 80's (maybe low 90's--we will check). A fair price for a great race car.

    Once again... Barrett was a great place to sell cars, a terrible place to buy muscle, and an OK place to buy Scuderia.

    Questions and comments are welcomed.

    Rob

    www.bridgehamptonmotoringclub.com

    The Best Collector Car Storage on the Planet.
     
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  3. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
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    Rob I as well just returned from Barrett-Jackson about 15min ago. Good thing flight to philly didn't get delayed. I agree with the absurd numbers for the GTO's especially the one that went for 70g's on Friday. But, my Dad and his friend picked up two cars the 1964 red Austin Heely(sp) and the 1948 chrysler town and country convert(woodie) which will be a fun car. We tried to get the gullwings but lost both of them, but I think they went for fair prices but the commission is what would have killed the buyer on those cars so we backed off, but at least we got on TV:). I will say the amount of car people there is awesome. Alain De Cadenat(sp) is one of the coolest guys ever he talked with us during a break as is Bruce Meyers(sp). They are both class acts.
    Erik
     
  4. aawil

    aawil Formula 3

    Aug 10, 2002
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    Darn must have missed ya on there.But I didn't watch all of it either.I can imagine a conversation with Alain would have to be very interesting.
     
  5. tx246

    tx246 F1 Veteran
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    Nov 4, 2003
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    with respect to the dino, the description was that it was fully restored. when you say it was "rough", can you elaborate?
     
  6. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
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    If you are speaking about the yellow 246GTS the car looked great, but I felt the restoration was "mudded" up a bit especially on the rear quarter panels. But, the car wasn't bad. The tan interior looked sharp though. aawil come on man that was my 5 seconds of fame!!!!!!
    Erik
     
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  8. Ingenere

    Ingenere F1 Veteran
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    Dec 11, 2001
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    Barrett Jackson was mainly a sea of old American iron. Brock Yates was trying to say that in order for a car to be collectable....low production #'s were important.

    Well, I saw Impalas and Challengers over $100K...but both 365 GTC4's sold for right around $40K..and I think they made substantially fewer C4's (500) than Impalas(millions).

    I guess one should never underestimate the tastes of the American car buying public....one just needs to look in your GM, Ford, Chrysler dealer for proof.

    Overall though...it seemed like their were fewer cars.....but a good place to buy a Ferrari. THere was also a tasty little Renault ALpine A310 from the 60's, but I didn't see what it went for.


    Ciao....Dino
     
  9. aawil

    aawil Formula 3

    Aug 10, 2002
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    Well if it was during the woodies part I was laughing at Brock Yates John Holmes joke.It's funny listening to those guys give BS answers when they don't know the anything.
     
  10. sagaponack

    sagaponack Formula Junior

    Nov 2, 2003
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    It looked like it was painted with a brush. Wrong radio. Dash very faded.
    A 3+.
     
  11. sagaponack

    sagaponack Formula Junior

    Nov 2, 2003
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    Just as an FYI....

    There was a perfect '92 Yellow Alfa Spider Veloce that I fell in love with.....22k miles. Book on it was $12,500 for perfect condition.

    On way home I was a telephone bidder up to $15,000. I have been told that it went for $27,000.

    That is all you need to know.

    Rob

    www.bridgehamptonmotoringclub.com

    The best collector car storage on the planet.
     
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  13. Rexcoltrain

    Rexcoltrain Formula Junior

    Nov 6, 2003
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    Oahu, Hawaii
    The 308 to 288 GTO spyder converson sold during a commercial break. When they came back live, one of the commentators mentioned it and said, "but this being a family show, we won't give our opinion on that car." I thought that was pretty funny. Anyone know what it went for?
     
  14. sagaponack

    sagaponack Formula Junior

    Nov 2, 2003
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    I think it went for around $40k or $50k. No one knew what to do it with it.
     
  15. chasking

    chasking Formula Junior

    Nov 27, 2003
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    It's about time Alfa Spiders got some respect! ;)

    But what viewers will remember is just that a Camaro sold for four times as much.
     
  16. snj5

    snj5 F1 World Champ

    Feb 22, 2003
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    With all of the hot resto-rods doing so well at Barrett - Jackson (I watched it for hours), I now have the perfect crossover vehicle that should really appeal to the Hot Rod and Foreign collector crowd; I'll bet Alain or Brock never drove one of these babys!!
     
  17. MarkPDX

    MarkPDX F1 World Champ
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    Apr 21, 2003
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    :D :D :D

    .
     
  18. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
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    Renault ALpine A310 went for about $35k. I thought it was high, but that is a very rare car and I did like the color that blue was sharp.
    Erik
     
  19. sherpa23

    sherpa23 F1 Veteran
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    May 28, 2003
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    Erik,
    I bid on that Renault Alpine, although I stopped at 26k. The challenge car went for 98.5, which was too much given the use, and history. The black 355 had a perfect dash and interior but it had cracking c pillars and went for 79k. Badly cracking c-pillars I might add. Some of the older Ferraris went for dcent prices. A well restored 365 GT went for 47k and the owner was pissed as the day before a near identical car went for 80. The best deal of the show, in my opinion, was a 1979 Porsche 930 Turbo - immaculate - that only went for 18,500 on Thursday!

    Those muscle cars were going for crazy, crazy prices.
     
  20. sherpa23

    sherpa23 F1 Veteran
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    That Renault Alpine should have gone for $25k or so. It's a beautiful old rally car, though.
     
  21. Nibblesworth

    Nibblesworth Formula 3
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    What about that black/black 95 355B? The car looked pretty good to me from a TV viewers perspection, and from what I know, it sold for a fairly decent price ($72,500, I think.)
     
  22. sherpa23

    sherpa23 F1 Veteran
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    The car I was referring to was the only 355 berlinetta there, a 1995 black/tan car. The interior was pretty good other than wear on the bolsters but the c pillars had some major cracking. The auction record says it sold for 78,500.
     
  23. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
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    The one problem with barrett-jackson for a buyer is there are usually two buyers that want one car. So, it just goes back and forth driving the price sky high like on the zeffer(sp). I thought we had the silver gullwing at $295k but then the announcer told us about the car again and the price then went up to $340K. Once the car starts going back and forth between two buyers you have to know when to back down. That is how you get yourself in trouble. The ring guys are of very little help(i know its there job). I liked it when they said if we brought amy over here would you go up the 10k. Don't lose this car for 10k. The fans clapping every time a car passess 100k doesn't help. It is so easy to get sucked in, and that is what happened with some of those muscle cars like the $70k GTO or the $180k hemi superbee ect.
    Erik
     
  24. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
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    The auction record has the commision included.
    Erik
     
  25. sherpa23

    sherpa23 F1 Veteran
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    Or how about the $210k Chevy Belaire Coupe?

    I watched what you describe happen a bunch of times. A 1966 Aston Martin DB6 (RHD, too!) went for 82k, when a near identical car was in Dupont Registry with an asking price of $68k. That car was realy a $60k car.

    BTW, did you see the damaged Countach and hear that story? What a heart breaker.
     
  26. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
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    Yeah thats a shame about the austin heely (sp) hitting the white lambo. Both those bumbers are F**k up. That guy who owns the austin had 2 others that went through the auction including the red one we picked up. That guy was a good guy and restores about 10 cars a year. Not perfect work, but def. above the majoristy.
    Erik
    P.S. I would rather have that sledgehammer(my fav vette of all time) then that hemi superbee.
     
  27. Moving Chicane

    Moving Chicane Formula 3

    Dec 15, 2003
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    Anyone see what shape those four Calloway Vette's were in when the all sold to the same person?
     
  28. sherpa23

    sherpa23 F1 Veteran
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    Well, all I can say is that who ever started the lambo in gear and didn't either push the clutch back down or hit the brakes before it went all the way across the aisle into the Healy was a @#$%ing moron. Shame about that Lambo, though. I love those cars.
     

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