Off Topic: Barrett Jackson
Off Topic: Barrett Jackson
Is it me, or am I the only one yelling at the TV during the Speed Channel broadcast of the Barrett Jackson Auction in Scottsdale AZ? Some of the prices paid for clones, recreations, and replicas are just rediculous! What about that Amphicar? A bad driving car, and a horrible boat, for somewhere north of $80K? What am I missing? Have baby boomers gone mad?
Tom
Tom
'63 330 America #5053
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Hi Tom,
I am yelling with you. There seems to be some sort of insanity happening in the old car market. All of a sudden, if it is an old American clunker that has a new paint job and chrome, it now has become 'valuable'. Pehaps some baby boomers with too much money are trying to purchase their youth back. Well, look in the mirror, it isn't going to change, people. Last night, there was a 1959 Pontiac Safari station wagon on the block. Ugly behemoth and who cares? That Amphicar will never see water again. My concern is that, some day it may all implode and may take down the rest of us with it.
Rudy van Daalen Wetters
1963 GTE s/n 4001
1966 330 GT s/n 8705
I am yelling with you. There seems to be some sort of insanity happening in the old car market. All of a sudden, if it is an old American clunker that has a new paint job and chrome, it now has become 'valuable'. Pehaps some baby boomers with too much money are trying to purchase their youth back. Well, look in the mirror, it isn't going to change, people. Last night, there was a 1959 Pontiac Safari station wagon on the block. Ugly behemoth and who cares? That Amphicar will never see water again. My concern is that, some day it may all implode and may take down the rest of us with it.
Rudy van Daalen Wetters
1963 GTE s/n 4001
1966 330 GT s/n 8705
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- Posts: 75
- Joined: Tue Jun 08, 2004 7:15 pm
I had an interesting conversation with Bill Pollard regarding old Ferraris, especially 308s while I was visiting his shop yesterday. His opinion is 308s are undervalued, and will one day turn around. He feels their hidden value lies in their method of construction and quality of parts. Now there are people who will argue that 308s are Fiats, but they were still manufactured with higher quality that many production cars from the same era. I may not agree with him a hundred percent (especailly 308 electrics), but I see his point. Early Ferraris were hand assembled and some were considered crude, but there is a craftsmanship that can be considered more like art, than an assembled machine. Paying similar prices for an American Production car begs the question, what are you buying? What's even more amazing is the clones that were created from a pile of parts is fetching big money. The guys I see raising their paddles are congratulated like they just made a wise decision while all I see is a misinformed buyers with more money than sense!
Tom
Tom
'63 330 America #5053
Thanks for the heads up Jim.Saw a story in the local Scottsdale paper today that Martin was forceably removed from the B-J auction for speaking about the games being played there!
Here's the article:
http://www.azcentral.com/arizonarepubli ... artin.html
Tom
'63 330 America #5053
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- Posts: 1206
- Joined: Thu Jan 22, 2004 5:53 pm
Tom,
I can relate to your comment about some crude workmanship in the early cars but I have to say that I'll take crude over a stamped out cookie cutter anytime. How utterly boring those 'perfect' cars are. No character whatsoever, just appliances. Give me crude and I 'll know a human being put part of his soul in building something.
Rudy van Daalen Wetters
1963 GTE s/n 4001
1966 330 GT s/n 8705
I can relate to your comment about some crude workmanship in the early cars but I have to say that I'll take crude over a stamped out cookie cutter anytime. How utterly boring those 'perfect' cars are. No character whatsoever, just appliances. Give me crude and I 'll know a human being put part of his soul in building something.
Rudy van Daalen Wetters
1963 GTE s/n 4001
1966 330 GT s/n 8705
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- Posts: 120
- Joined: Wed Sep 04, 2002 1:34 pm
- Location: Ben Lomond, CA
I fell asleep twice watching the auction last night. First - Barrett Jackson is NOT a sports car crowd. A concours restored late Porsche 356B sold for $41K! That was LESS than the restoration costs - so you certainly got the car for free. Second - never use Barrett Jackson sales as a gauge for what your car is worth.
Ethics of Auctions
Can someone comment regarding the responsibility of the Auction to describe the merchandice accurately. For instance, if the seller provides information which is incorrect - either out of ignorance or deception, does the auction have any responsibility to point out the error.
I would guess not - realistically they cannot be experts on everything.
But suppose the error is brought to the attention of the auction (by someone with credentials). Do they still go with the erroneous description, either in the online pre-publicity and on the block? And if so, what are, or should be, the consequences.
Cheers
Warren
I would guess not - realistically they cannot be experts on everything.
But suppose the error is brought to the attention of the auction (by someone with credentials). Do they still go with the erroneous description, either in the online pre-publicity and on the block? And if so, what are, or should be, the consequences.
Cheers
Warren
330 GT Series II sn 10069
Hi Warren,Can someone comment regarding the responsibility of the Auction to describe the merchandice accurately. For instance, if the seller provides information which is incorrect - either out of ignorance or deception, does the auction have any responsibility to point out the error.
I would guess not - realistically they cannot be experts on everything.
But suppose the error is brought to the attention of the auction (by someone with credentials). Do they still go with the erroneous description, either in the online pre-publicity and on the block? And if so, what are, or should be, the consequences.
Cheers
Warren
Barrett Jackson seems to take the stance of "Buyer Beware!" I believe if there is a problem after the auction, it is the responsibity of the buyer and the seller to resolve the issue. The 10-18% Barret Jackson makes on these cars is for all the hype, and if you look at the auction results, people are buying into it!
Tom
'63 330 America #5053
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The future of this "hot market" lies in the wrecking yards all across America, there lie not dozens or hundreds or thousands of ready hulks, there are rather hundreds of thousands of hulks ready to be returned to service. The lesson of the tulip bulb market crash is rediscovered time and time again. Perhaps that is why economics is called the dismal science.
- Dr. Ian Levy
- Posts: 179
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Off Topic: Barrett Jackson
Hello Tom
I have watched this auction on UK television & I am amazed at the apparent insanity & behaviour of the buyers & in some cases the auctioneers. The Porsche 356B must rank as the bargain of the auction & I really do love those cars. As someone who is more accustomed to the positively staid manner in which Coys, H&H & others conduct their auctions in the UK . When you mention more money than sense of some of the buyers that is obviously not a considerable sum. Selling a grossly innacurately described iem is not acceptable or even legal & it is surely up to the Auction company to describe the item as accurately as reasonable or point out there are facts that the buyer must verify before bidding. Even though Warren says B.J. can't be experts on everyting their 10-18% commissions means they must be held to a higher standard of accountibility than a layperson.
Regards
Ian L
I have watched this auction on UK television & I am amazed at the apparent insanity & behaviour of the buyers & in some cases the auctioneers. The Porsche 356B must rank as the bargain of the auction & I really do love those cars. As someone who is more accustomed to the positively staid manner in which Coys, H&H & others conduct their auctions in the UK . When you mention more money than sense of some of the buyers that is obviously not a considerable sum. Selling a grossly innacurately described iem is not acceptable or even legal & it is surely up to the Auction company to describe the item as accurately as reasonable or point out there are facts that the buyer must verify before bidding. Even though Warren says B.J. can't be experts on everyting their 10-18% commissions means they must be held to a higher standard of accountibility than a layperson.
Regards
Ian L
1972 365 GTC4 s/n 15989
http://www.ferrari365gtc4.co.uk/
http://www.ferrari365gtc4.co.uk/
Hi Ian,
I am often embarrased at how fellow Americans gravitate towards larger than life productions. BJ has become the "Pro Wrestling" version of automotive auctioning! Don't get me wrong, I am proud of being American and its "can do" additude, but does it have to saturate everything we do?
The prices paid are really out of control, and I amazed how no one seems to be speaking out about it! This show smacks more of an infomercial than a show reporting on an auction.
Tom
I am often embarrased at how fellow Americans gravitate towards larger than life productions. BJ has become the "Pro Wrestling" version of automotive auctioning! Don't get me wrong, I am proud of being American and its "can do" additude, but does it have to saturate everything we do?
The prices paid are really out of control, and I amazed how no one seems to be speaking out about it! This show smacks more of an infomercial than a show reporting on an auction.
Tom
'63 330 America #5053
- Dr. Ian Levy
- Posts: 179
- Joined: Mon Sep 09, 2002 1:16 pm
- Location: United Kingdom
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Off Topic: Barrett Jackson
Hi Tom
My overriding impression of America & its people is their pride in America. In the UK that pride is /has been eroded & flying the national flag has been recently called provocative & using the word Christmas as politically incorrect.
Please don't get me wrong, I am not knocking the US its just that BJ auction makes me cringe
Regards
Ian
My overriding impression of America & its people is their pride in America. In the UK that pride is /has been eroded & flying the national flag has been recently called provocative & using the word Christmas as politically incorrect.
Please don't get me wrong, I am not knocking the US its just that BJ auction makes me cringe
Regards
Ian
1972 365 GTC4 s/n 15989
http://www.ferrari365gtc4.co.uk/
http://www.ferrari365gtc4.co.uk/