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-   -   Oh MY MY MY MY (https://www.lateral-g.net/forums/showthread.php?t=7691)

ProdigyCustoms 01-21-2007 05:06 PM

The $500K bid was intended to tell other bidders, Get the ---- out of my way! Fairly certain grandpa did that.

And as Steve said, it may ONLY be half a million, but it is more then any other muscle car ever did. And since it is the best muscle car to date, it is only appropriate it is the highest sales price to date.

Leadfoot1 01-21-2007 05:11 PM

16 000 Hours! :wow: Ouch... Yeah, i had to use my calculator MAJOR ouch!
I see why he could be pissed.

Getting used to those hours uhgh!...

Lead.

Steve1968LS2 01-21-2007 05:38 PM

Quote:

Originally Posted by Leadfoot1
16 000 Hours! :wow: Ouch... Yeah, i had to use my calculator MAJOR ouch!
I see why he could be pissed.

Getting used to those hours uhgh!...

Lead.

Bob wasn't "pissed".. dissapointed I'm sure, but he knows how this game plays out.. some you win, some you draw and some you lose.

Like Frank said, still more coin than most any other custom musclecar ever :shrug:

68protouring454 01-21-2007 06:16 PM

didn't the motion car go for 600????????????

mazspeed 01-21-2007 06:32 PM

Quote:

Originally Posted by 68protouring454
didn't the motion car go for 600????????????

I think 486k or 482k or something really close.

jeff s 01-21-2007 06:57 PM

I'll say it again, I don't think it's realistic to pay a shop to build you a custom car and sell it for a profit.
If it's a significant low production car that's worth +$150,000 that you got a deal on and are doing a stock resto, you'll do all right.
The Stuban Great 8 Riddler car from 2005 went for $170 ish and they were talking 10,000 hours or so to build that one too.
We do it for the love and passion of cars and maybe to accomplish a goal.

Bowtiguy 01-21-2007 11:07 PM

From what I understand, The last stingray owner is the current man in charge at Proteam corvette. As I watched from home this year and talked with my father off an on ( wasthere last year), he said isn't funny how things come full cirlce.

Here's a guy who got caught stripping vettes ( felony <?'s> from what I understand) years ago and now after restructuring his buisness has 200+ vettes in stock at any one time. I don't think he's hurting on the sale of "last 67". He got enough air time on the "behind the block" episodes to sell plenty of cars for years to come.

Mizfit 01-22-2007 01:17 PM

Here is one that i thought would have gone for more. I was looking through the results and this seems low to me?

http://www.barrett-jackson.com/carli...LotNumber=1361

Sold for $51,700

and BJ takes what 8-10% at least maybe more after all expenses.

Steve1968LS2 01-22-2007 02:20 PM

Quote:

Originally Posted by Mizfit
Here is one that i thought would have gone for more. I was looking through the results and this seems low to me?

http://www.barrett-jackson.com/carli...LotNumber=1361

Sold for $51,700

and BJ takes what 8-10% at least maybe more after all expenses.

It's the Pearl Cyclone!!! :willy:

BJ takes 8% from the seller (plus the $1200 to be there) and they take 10% from the buyer.

So, on a $51,700 bid the seller nets $46,364 and the Seller pays $56,870 plus the fee to be a bidder of $400. The buyer also has to pay local and state sales taxes of almost 8% unless they have an outside transport company on hand to take the car. If you bring your own trailer, even if you live out of state, you HAVE to pay AZ sales tax.

So on that car the seller got $46,364 minus the costs to get it to BJ and the buyer paid $57,270 plus the costs to get it home or sales tax. BJ made about $10,906 for the pleasure of selling that guys car. Not a bad gig for Craig Jackson ;)

1970cuda 01-22-2007 02:34 PM

Aucton
 
$10906 if the bidder was there. If it was an internet, phone or proxy bid he gets another 2% or another $1000

Mizfit 01-22-2007 02:40 PM

DAMN BJ nets a hell of a lot considering the price of the car. I am in the wrong biss.:lol:

Leadfoot1 01-22-2007 02:57 PM

Not only that, why aren't there more quality auctions (i mean by other folks)? I mean, someone with the cash (it costs considerable money to organise an event of that size) could surely do the same for 1/2 the asking costs...And still find good money in there.

No? Man i might be interested.....

I have a little trouble with guy's making money on other peoples back.(some is ok but woooo, they get 10k and the seller 47???? that does not sound right to me) Also, I mean, the job is the same wether the car is worth 500 or 5 millions. So its not really relevant the way its done, but again, who am i to tell them their wrong, it works!

Come on sheeps...Follow.

Lead.

(yeah, yeah...guess i only wish i was multimillionnaire too....:mad: )

Steve1968LS2 01-22-2007 03:21 PM

Quote:

Originally Posted by Leadfoot1
Not only that, why aren't there more quality auctions (i mean by other folks)? I mean, someone with the cash (it costs considerable money to organise an event of that size) could surely do the same for 1/2 the asking costs...And still find good money in there.

No? Man i might be interested.....

I have a little trouble with guy's making money on other peoples back.(some is ok but woooo, they get 10k and the seller 47???? that does not sound right to me) Also, I mean, the job is the same wether the car is worth 500 or 5 millions. So its not really relevant the way its done, but again, who am i to tell them their wrong, it works!

Come on sheeps...Follow.

Lead.

(yeah, yeah...guess i only wish i was multimillionnaire too....:mad: )

On selling Bob's 'Cuda BJ made $97,900 MINIMUM.. On selling the Shelby SuperSnake they made at least $901,600

And yes, we are in the wrong business...

rockdogz 01-22-2007 03:38 PM

Quote:

Originally Posted by Steve1968LS2
It's the Pearl Cyclone!!! :willy:

LOL, I saw that too... heh
Maybe the new owner will come to the site and tell us about it...?
:faint:

1970cuda 01-22-2007 04:36 PM

$$$$
 
I would guess that attendance was down this year but they figured 225000 would visit the auction
Tickets were$25 to $55 on Saturday
figure $30 per person for tickets equals 6,750,000 in sales
A booth that is 10x30 was $7000 for the week
5000 bidders at $500 each equals 2,500,000
minimum of $1200 for car to be at autions times 1200 equals 1,440,000
and the big one 8% sellers and 10% buyers say on 100 mil equals $18,000,000
plus sponsorship money from Ford and GM and $$$'s from Speed to air it
That is $28,690,000 plus booths plus plus plus and Scottsdale and Westworld bought the tent for him for $4,000,000 so that he would stay in the city for tax revenues

Not a bad week of work!

Leadfoot1 01-22-2007 04:46 PM

I have no more comments.

Lead.(!)

awr68 01-22-2007 06:14 PM

WOW, that's a lot of coin!! And to think I get all excited about the money I save using GP's!!

mazspeed 01-22-2007 07:12 PM

Quote:

Originally Posted by Mizfit
Here is one that i thought would have gone for more. I was looking through the results and this seems low to me?

http://www.barrett-jackson.com/carli...LotNumber=1361

Sold for $51,700

and BJ takes what 8-10% at least maybe more after all expenses.


You have to be kidding me. I looked that car over and it was pretty nice. That's a real shame. I don't think I would ever sell my car on BJ. As Steve said, they make a killing on both seller and buyer.

fesler 01-22-2007 07:52 PM

Quote:

Originally Posted by Steve1968LS2
On selling Bob's 'Cuda BJ made $97,900 MINIMUM.. On selling the Shelby SuperSnake they made at least $901,600

And yes, we are in the wrong business...

I am with him we should all get together and do our own auction, I am a vender at BJ and they do not cater to you at all. Once they have your money you are on your own and the money that they pull from the cars is insane. I build these cars and cant make that kind of money it is just insane what stuff goes for.

fesler 01-22-2007 07:54 PM

Quote:

Originally Posted by 1970cuda
I would guess that attendance was down this year but they figured 225000 would visit the auction
Tickets were$25 to $55 on Saturday
figure $30 per person for tickets equals 6,750,000 in sales
A booth that is 10x30 was $7000 for the week
5000 bidders at $500 each equals 2,500,000
minimum of $1200 for car to be at autions times 1200 equals 1,440,000
and the big one 8% sellers and 10% buyers say on 100 mil equals $18,000,000
plus sponsorship money from Ford and GM and $$$'s from Speed to air it
That is $28,690,000 plus booths plus plus plus and Scottsdale and Westworld bought the tent for him for $4,000,000 so that he would stay in the city for tax revenues

Not a bad week of work!

when you brake it down that way it is insane, I had a 20X40 and understand where you are coming from, they are just rolling it in like crazy.:bow:

Mizfit 01-22-2007 07:58 PM

Hey I am in for a Lateral-G auction:D :yes:
About done with our car:unibrow: :cool:

MarkM66 01-23-2007 06:42 AM

Quote:

Originally Posted by rockdogz
LOL, I saw that too... heh
Maybe the new owner will come to the site and tell us about it...?
:faint:

Wow. The "Ultimate" '69 Camaro! I was wondering where that car went. :lol:


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