Barrett Jackson

[phillym5]

I can't believe it didn't bring way more money. Especially being a charity car.

[transam]

Ive noticed that the charity cars arent bringing much money it,is this a change in how tax deductions work or maybe the recovery isnt as good as we thought? Or people just dont feel like giving

[GregWeld]

Originally Posted by transam

Ive noticed that the charity cars arent bringing much money it,is this a change in how tax deductions work or maybe the recovery isnt as good as we thought? Or people just dont feel like giving

I think it's the choice of cars that have been given away -- AND -- if you notice -- there are several large bidders that aren't stepping up. Ron Pratte was buying everything across the block - he spent MILLIONS at one auction... he doesn't buy diddly anymore.... Last years buyer that spent a few million is missing entirely --- as is the oil field guy from the year before that...

Remember that it takes a bidder against you - to make an auction. You need 3 or 4 of these guys going at it to drive the prices up.

So to me it's a combination of things -- people with the ability seem to be out of action for whatever reason.... the offerings have been kind of lame... because the car still must appeal to a car guy (he just needs to be willing to spend too much for it)... and your assessment of "the economy". Rich people are still quite rich - but are unable to generate the kind of returns they've been used to in this super low interest rate environment. If a guy has 200 million dollars making 8% --- vs 4% --- that's a HUGE difference in pocket money to just blow. This low interest rate has been going on now for like 5 plus years -- and it starts to settle in. Don't forget that people with large net worth also have large expenses... They ain't hurting by any means - but the lack of super sized free cash flow does have an affect - even if it's just mentally.

[fleet]

http://www.barrett-jackson.com/appli...n=1314&aid=466

[NOPANTS68]

That '70 442 Convertible that sold yesterday for $70k had an all aluminum 455 and the W27 alloy 12 bolt under it. Seemed really cheap for a supposed experimental 442. $350k for that one above HAS to be a record or something.

I've only watched 4-5 hours of it this year while working in the garage. I observed every stupid Shelby GT500 ever made trying to make a buck on the legacy, and guys taking baths on mid year vettes with ls motors in them. Gotta give it to BJ in that they do bring some serious metal to the block, but it still gives off a shady vibe to me. Can't stand Mike Joy's general lack of knowledge regarding anything modified and everything being labeled a restomod. I of course will continue to watch it every year and remain critical of it.