My Barrett Jackson thoughts

[Damn True]

I wonder how many of those guys put more "value" in being able to tell people, "I paid $XXX,XXX.00 for this car." than they do in the car itself?

[Stuart Adams]

Az sales tax made out big.
BJ Inc. made out big.
Fun event, 100 mill in sales.
Probably bigger next year.
New tent was awesome.
At least the announcers switched from resto mod to pro-touring.
Saw Dave Christenholtz's collection with my son and Colin - awesome cars, and looked over the Mule - awesome car.
Happy to be a tiny tiny guppy in a pool of great whites.
Looking forward to next year and all the drama it will bring.
Can't wait for SEMA 06.

[Ummgawa]

Originally Posted by Damn True

I wonder how many of those guys put more "value" in being able to tell people, "I paid $XXX,XXX.00 for this car." than they do in the car itself?

There may some truth to that. I am sure that there is a wall somewhere with dollar marks up high with piss stains next to them accompanied by the names of those who pissed up that high. In other words there are pissing contests any where there are men+cars, +women and money. Not necessarily in that order.

[Kendall Burleson]

If you are going to count the time to build these car and the money you invested. You would be better off socking the money in some kind of muthal fund at 12% for the next 20 years are so.but and that a big BUTTT you can not burn rubber in that 12%muthal fund or enjoy it with all the great people on this web site. the money seem to be over power the love of the car boys & girls love their car.if you just put a dollar amount on the time we spend on this site a long. we would find some thing different to do.if making money is your goal you are in the wrong line.some times you hit the lotto and some time you eat crow.but if you enjoy the sport and the people. their is no dollar amount you will take that will be enough for you to get afullfillment.of building that machine from the ground up. by the way the people that was selling at BJ most of them bought the cars they were selling.

[Payton King]

but I heard second hand that there were quite a few cars bought back by the owners as they did not bring the price they were looking for. I know if I had $100,000 in a car and the bid stalled at $45, I would have to have a contingency plan.

[bob johnson]

Originally Posted by Kendall Burleson

If you are going to count the time to build these car and the money you invested. You would be better off socking the money in some kind of muthal fund at 12% for the next 20 years are so.but and that a big BUTTT you can not burn rubber in that 12%muthal fund or enjoy it with all the great people on this web site. the money seem to be over power the love of the car boys & girls love their car.if you just put a dollar amount on the time we spend on this site a long. we would find some thing different to do.if making money is your goal you are in the wrong line.some times you hit the lotto and some time you eat crow.but if you enjoy the sport and the people. their is no dollar amount you will take that will be enough for you to get afullfillment.of building that machine from the ground up. by the way the people that was selling at BJ most of them bought the cars they were selling.

12% mutual fund..gimme a name and phone number..

[ProdigyCustoms]

Originally Posted by bob johnson

12% mutual fund..gimme a name and phone number..

You beat me to it Bob.

[Bill Howell]

Originally Posted by Stuart Adams

Happy to be a tiny tiny guppy in a pool of great whites.

I hear you talking there guppy. I ain't buying it though.

[JayR]

Great post, Frank but before anybody gives you a hard time for a bad investment, tell them to try and guess the marketing value that car has been and will continue to be for your business. Keep it, drive it, and let it sell jobs!

[Bowtiguy]

very good thread. after watching BJ through its entire speed history I registered as a bidder and met my father there last weekend to see things first hand, spend the qaulity time with the man who started initiated my love of cars and I came away with quite a few impressions....

high dollar hot rods just didn't bring the cash. As I stood on stage and watched the locally built ( pinkies is right up the road from me) 29' Rod that I had drooled all over at every local show I saw it at this year, it AMAZED me the hammer hit the block at 190K?????

with this being said... I "let" the 57' Nomad go for 137K because 1) I wasn't prepared to pay that much and 2) I'd be ripping it apart to due it "My way" anyhow and a 137K starting price for a project is NOT the way to go.

I'm still a "car guy" at heart, I'm tied up way more now with my dental practice and our first child on the way, but I'm still going to wrench on my Nomad project as much as possible and pay to have the things done I don't have the facilities to do or expertise. With camaro shells from Dynacorn and other car models on the way ....I think the home built crowd still has an option, unlike my father who would love to pick up a stocker 68 Z/28 coupe to replace the gold/black version he traded in on his 1970 LT-1 M22 car back in 70'.

That same vette with 25K origonal miles, one owner, is worth less than almost all of the 69 Z's that crossed the block last weekend. WHY? because that is the current trend. Many more people plucked down the cash for a 69 camaro than did $5,500 for the LT1 in a vette the following year. As My father and I watched the ZL-1 cross the block. He leaned over and told me that there were SIX in an Indianapolis Chevy dealer back on 1970 when he was lookng for his LT1. They couldn't give them away at double what a stock vette went for....hind sight is 20/20


as midyear vettes (big blocks or not) all get bought up and sold again at other auctions or BJ 07' you will see buyers graviatate towards the stingways and they will due the research to find the "rare" versions...some 427's went across this year.

Just look at how many "factory correct numbers matching" ( I'm sick of that phrase after 3 days at BJ) hemi's cars that were not cudas that crossed the block...most went for less than 100K..if you liked the early cuda body style

Two phrases I heard last weekend hold the most truth...

1) You may have the best "19XX" in the world, but two people have to want it to bring good money.

2) you are only one bid away from paying above market value...