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-   -   Velocity at Barrett Jackson (https://www.lateral-g.net/forums/showthread.php?t=29558)

fesler 01-26-2011 08:08 AM

I have been doing Barrett Jackson for over 20 years and a booth for 10 years now so I see it all. What most of you don’t get is if there is only one bidder the car will go cheap it takes multiple guys to bid to drive the price up. Like Bret said to me at the show he knew he had his car sold but had no idea of how high it would go because he was not sure how many people were after it. I think Bret did very well with the sale of this car because he got all the advertising dollars out of the car he could.

Greg has some great points but BJ should back the cars he sells, they sell all kinds of stuff like the corvette Greg mentioned without knowing crap about the car so these guys that don’t have a clue bid on something that is just nice but has no real value to it. Maybe to one of us it does because I don’t care about numbers I care about drivability, the cool factor and how well it was built.

Now I cut up matching number cars all the time ( I know I know but I do what I am paid to do) and everyone has sold for twice what they could have gotten as a matching number car but they have lots of time and money into these cars. To me a car that is a great street driver and built well is well worth the money because a stock numbers matching car is only worth going to a museum or your garage you can’t drive it or its worth nothing. The higher the miles the less its worth. Another factor to look at is the Charity cars, they will always do well because you have guys there with tons and tons of money that like to give for tax breaks. You would like to think it’s for the Charity but in most cases it’s because they want to be on TV and can use a huge break. One Corvette went over the block I think three times because the buyer donated it back so they could get more money for Craig’s Charity. All and all that was a very cool thing the guys did as they raised a lot of money.

Numbers are numbers at BJ and they push cars over other cars to boost the numbers it’s all about who and what you know there to get the good times as Greg said. You could have a $500,000 car and if it goes on a Wednesday or Thursday it will pull half of what a Friday or Saturday would do. That’s just the way the show goes and why most of us don’t want to put a car up there and risk it. I know a ton of guys that brought out 10-20 cars to sell and they were all over the place with numbers some OK and some great but they were stressed to the hills all week waiting to see what they would get. To some it’s just fun and they want to be on TV or they have more money than brains. Either way if you have never been you should go to one of them for a day and just watch the auction it’s a great time.

fesler 01-26-2011 08:09 AM

Quote:

Originally Posted by Vegas69 (Post 329127)
And sometimes rich guys talk a big game on forums and don't bid on one car at Barrett Jackson. :D

you nailed that one

GregWeld 01-26-2011 09:02 AM

Really?

Cause I'm pretty sure I was sitting in the very front row bidding on a blue 67 vette on saturday afternoon.... And im pretty sure I ponied up 10k on the WD40 car for the kids camp....

DOOM 01-26-2011 09:28 AM

Greg you one of those rich guys:question: :_paranoid I think you just wanted to be on TV...

GregWeld 01-26-2011 09:42 AM

Quote:

Originally Posted by DOOM (Post 329159)
Greg you one of those rich guys:question: :_paranoid I think you just wanted to be on TV...

Nope. Neither of those!

ccracin 01-26-2011 09:42 AM

He's just trying to one up Doug and Carl with publicity! :hail:

mdprovee 01-26-2011 10:33 AM

Greg,

Great insight to the whole process. I have always wanted to go a auction such as these, but now I want to go with someone who has more information, makes things a little more understandable.

Greg, if you dont mind, next time I will stow away in your luggage.

GregWeld 01-26-2011 10:40 AM

I say "rich guys" I'm talking guys with 9 figure net worth.

I'm merely "well off". :unibrow:

Vegas69 01-26-2011 11:14 AM

Did I hurt your feelings Greg?:unibrow: I thought you said you didn't have time to bid in another thread. Forgive me, I'll give you a hug at RTTC. :D

chr2002ca 01-26-2011 01:05 PM

The nine figures in my net worth are unfortunately split down the middle with a damn decimal point. And then there's those leading zeros. :lol:

Maybe one day I can bid on a painting of a nice car at BJ.


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