Save Your Allowance

[GregWeld]

Originally Posted by Stuart Adams

Ron Pratt is selling his collection at Barrett Jackson Scottsdale 2015.

Should be cool.

I have noticed the last couple years he wasn't a buyer.... Sadly - I think he paid WAY WAY too much for many of his buys.

[Musclerodz]

Originally Posted by GregWeld

I have noticed the last couple years he wasn't a buyer.... Sadly - I think he paid WAY WAY too much for many of his buys.

I think its odd he is cashing out his entire collection. He probably has enough cars BJ probably didn't have to consign too many cars for friday or saturday. We need to get the scoop from Steve C.

[Stuart Adams]

I think they are adding more air time because of his 120 or so cars. He has some cool stuff obviously.

[Ketzer]

Originally Posted by Stuart Adams

I think they are adding more air time because of his 120 or so cars. He has some cool stuff obviously.

I'm surprised the number is only 120 or so.... love to see a list with pics of his cars.

[RDuke]

Logical move, time for him to sell at the top or near top of the market.

[GregWeld]

Originally Posted by RDuke

Logical move, time for him to sell at the top or near top of the market.

Really? He bought at the top.... When you're the buyer at the BJ (or any other) auction --- that means you paid the very top price for that car at that time... otherwise you wouldn't be the buyer. Nobody else in the room - or on the phone - was willing to pay more.

He hasn't bought much (and I'm usually there sitting about 5 chairs away from him) during the recession. He bought a TON of cars in the 3 and 4 years when cars where at their absolute peak and he paid peak prices.

Now -- Like real estate -- you also have a buyers premium paid -- now you have to add entry fees and selling fees to recoup.

[GregWeld]

Originally Posted by GregWeld

Really? He bought at the top.... When you're the buyer at the BJ (or any other) auction --- that means you paid the very top price for that car at that time... otherwise you wouldn't be the buyer. Nobody else in the room - or on the phone - was willing to pay more.

He hasn't bought much (and I'm usually there sitting about 5 chairs away from him) during the recession. He bought a TON of cars in the 3 and 4 years when cars where at their absolute peak and he paid peak prices.

Now -- Like real estate -- you also have a buyers premium paid -- now you have to add entry fees and selling fees to recoup.

Personally -- I think it's a mistake to try to sell so many of the best of the best cars at one time.... There are only so many people in the car world that can even get close to the cars he owns. And if a guy just steps up to buy one -- that may be a guys "budget". When you're buying cars that sell for 3 and 4 and 5 million bucks each... even rich guys begin to get stretched.

[Blake Foster]

[QUOTE=GregWeld;571803] When you're the buyer at the BJ (or any other) auction --- that means you paid the very top price for that car at that time... otherwise you wouldn't be the buyer. Nobody else in the room - or on the phone - was willing to pay more.

Agree and have always said this. I was at an equipment auction on time and old used welders were going for near NEW price.

As to selling out all at once, I would think spreading them out would make more sense, But what the hell do I know. maybe there is a legitimate reason and maybe he HAS to sell them????

[BMR Sales]

Originally Posted by GregWeld

Really? He bought at the top.... When you're the buyer at the BJ (or any other) auction --- that means you paid the very top price for that car at that time... otherwise you wouldn't be the buyer. Nobody else in the room - or on the phone - was willing to pay more.

He hasn't bought much (and I'm usually there sitting about 5 chairs away from him) during the recession. He bought a TON of cars in the 3 and 4 years when cars where at their absolute peak and he paid peak prices.

Now -- Like real estate -- you also have a buyers premium paid -- now you have to add entry fees and selling fees to recoup.

and many of his "Buys" were B-J Charity Cars that go for Well-Beyond Crazy Prices