Barrett Jackson Scottsdale for 2015 is all over and it is time to set the DVR for the Mecum auction! My personal opinion, and I have not yet watched all the recoded coverage, is that the prices are getting stronger on our cars. They aren’t yet were they should be but coming back. The trend I see is for the updated drive line, suspension and amenities with near original exterior with tasteful paint, tires and wheel modification adding value; just my opinion. It think this is a reflection of older collectors wanting to drive their cars yet have them be comfortable, safe and dependable. If this is the trend we will likely see it grow as the baby boomers continue to fill the ranks of the retired generation. The other side of the coin is the increased value placed on all original, low mileage cars.
Here is a brief recap of what the Aero Cars did. All prices are as shown on the BJ website as including Buyer’s Premium (in some cases my notes have the same price listed as being the same number without the Premium).
Lot 509: Maroon Talladega: $49,500
Lot 559: Blue Talladega: $38,500 (my notes show this price without Buyer’s Premium)
Lot 999: White Talladega: $68,200 (my notes show this price without Buyer’s Premium)
Lot 1024: Torino King Cobra Clone: $68,200
Lot 1029: Big Willie Daytona: $154,000
Willie” street drag car, restored; Lot 5014 selling Saturday January 17, 2015,
Lot 2520: Orange Superbird survivor 6,000 miles Hemi, automatic: $330,000
Lot 5014: Orange Superbird 440 automatic: $132,000
Lot 5065: White Superbird 4-speed Hemi: $324,500
Additional vehicle information has been provided on the MOPARs because there was much more variety available on these cars. Can you imagine the differences in one Talladega to another if the Boss 429, bucket seats and console, air conditioning and a wide variety of colors were available from the factory?
How much do you think that the selling dates and time slots affected prices?
I think it is a science above me! In my opinion, it is the time of day, day of the week in the auction, location of the auction and what has sold recently before it. It all comes down to who is in the room at the time the car sells. There has to be a crowd, momentum and two or more people hot for the same car. Just my opinion…I would like to hear from the guys who put the auctions on.
Richard is right it is a science ,thing is it is easy to understand if you look at it….. Auction company’s of the collector car world run the lower grade of car’s or trucks thru at the start of their sale….most of the 1 and 2 grade car’s and truck’s go across the block at a time the seats are full in the bidders section…..Now look at the seats and how full they were when the Million dollar collection started to sell in Scottsdale ..they were full ! what happened to the crowd after those cars were done the first night ? Now if you watch Friday Night and from mid Saturday the seats start to fill up….Now the seats are full (Full House of bidders) ….Drinks are passed out and you get the sand box thinking ….or my sand box is bigger than yours is now my pockets are deeper than yours ! So you are not going to be out bid if you want that car or truck and have the cash to back it up !! A good question would be “How many cars were bought back by sellers this year ?” Because they sold to much under what was wanted !
I was surprised at how many cars went on to the bid goes on at the one action….. How many of the phone bidders know the seller plus the auctioneers know how much a bidder can bid to…..The company’s don’t care if you sell or not… you pay to get a spot on the run way so they already made money yes if they sell they make more…. Thing is they have taken care of themselves first !
I bought the blue Talladega Lot 559 in Scottsdale. I could only afford to spend $35K and that was the hammer price for this car. I am very excited to own a Talladega and never thought I would be able to purchase one. The car is a 20 footer. It has numerous mechanical issues but am fixing them. I am going to drive this car for several years before it undergoes a frame off rotisserie restoration. I think the car was a bargan and am glad to be its owner for s long time!!!
Congradulations and welcome to the Talladega family!