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barrett Jackson ridiculous prices

The bear in the closet wants out! as money becomes deflated, , and the economy becomes volatile, people begin to look for places to protect their cash.
It has happened many times before,,,,Classic cars are percieved as timeless stability based on rarity. Further, why does a house go up 75% in value in two years?
The house is the same, but your money value is in a very dangerous place right now.

Then there is diesel, 2.19 a year ago, today I see 3.76 a gallon.
 
A friend of mine just sold his unrestored ‘67 Mustang GT convertible, 289 4sp. He’s owned it since ‘86. Paint was presentable but not great, needs a new top, tires have been on it 15 years, but it runs great. Dude gave him $50k cash. It wasn’t even for sale, but a neighbor has been wanting it for 10+ years and has been looking but can’t find anything.

Prices on everything are through the roof. 3 years ago that was $30k car.

Don’t get me started on the Broncos and Blazers...
 
I have wondered. Once apon a time one could find turn around value from buying off Craigslist. Then selling on Ebay? There is still some truth today. Just not as wide profit margin. But if with bigger money one could buy from Mecum and then sell at Barrett Jackson? I'm guessing commission would get you. Or?

Just thinking outloud.
 
The bear in the closet wants out! as money becomes deflated, , and the economy becomes volatile, people begin to look for places to protect their cash.
It has happened many times before,,,,Classic cars are percieved as timeless stability based on rarity. Further, why does a house go up 75% in value in two years?
The house is the same, but your money value is in a very dangerous place right now.

Then there is diesel, 2.19 a year ago, today I see 3.76 a gallon.
That's exactly right. The more dollars that are printed and borrowed makes them worth more or less? Not hard to figure out.
 
It seems like just yesterday... actually 2006. Then “something happened” to quote an idiot elected official. Seriously, houses, collector cars, vintage guitars, guns. It seems like a rerun to me.
I remember the time well, because I had parted with my executive job a few years earlier, was scratching to make ends meet, and currently had no Mopar in my garage. A couple 440 GTXs sold for over 70K at BJ, and I thought I'd never be able to afford another. Fast forward 10 years, and I had two primo 440 cars for less than the price of one auction car in 2006. This stuff runs in cycles.
 
When I see these posts I keep getting reminded how cheaply I sold my 68 X. But I have to keep reminding myself why I did it and for whom. I sometimes wonder what I may have gotten if I’d taken a different tack and ran it thru BJ or Mecum. Doesn’t matter anymore….. but I guy can wonder.
You know the story of Baby Blue being sold to the right person for the right reasons, same as your car. The money was a secondary consideration. However, I sold my '69 Track Pak car strictly for the money, to the highest serious buyer under time pressure, so I could close the deal on my Hemi car before it got away. My 440 car sold at auction a month later for 63K. By the time the auction commissions, entry fee, and transport costs were figured in, the flipper who purchased my car made about a thousand bucks on the deal. I got the cash in hand with no risk. My '69 was a no excuses, numbers matching, great factory colors car, but the non-auction market didn't want to pay much over 40K for it. The retail, alcohol fueled, two bidders want it price is a different animal from the mainstream hobby market. I had the car for sale on this site, and got no serious offers.

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The one that struck me as a giveaway at the mecum I attended, was a beautiful late forties Mercury convertible street rod, beautiful new leather interior and chrome, sold for mid 20k, couldn't have done the paint that was on it for that. Saw a triple pickle hemi GTX sell for less than 70k, and a v-dub bus, no sale at 85k.
I just don't understand some people.
I was scratching my head when that green Hemi GTX sold for what it did. But the eye candy effect of prime colors seems to be magnified at the auctions, and lower tier colors often seem to take a beating.
 
Ruined a lot of nice cars with stupid wheels. Even split window Vettes.
 
And in usual fashion BJ went to commercial while selling Mopars... $990,000..
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I have a back story on that car. I was born and raised in St. Augustine, FL and continue to live there. I saw this car in the local dealership when it was new, St. Johns Chrysler Plymouth, which was located at 201 San Marco Avenue. I used to visit it regularly. My shop is at 241 San Marco Avenue.
That dealership was sold to the local Dodge dealer around 2000, a personal friend of mine. He closed that location and moved it to his Dodge store. The previous owner of the Plymouth store bought the big building directly next to my shop and moved all his cars and other things he
had collected to it. His name was Ned McQuaig, a colorful guy. He had a fuel injected Hemi powered Fiat Topolino drag car called the "Road Runner", a Hemi powered Ramcharger 4x4 sand drag truck, a rear engined Fiat 124 powered dune buggy. and other cool stuff, as well as this Superbird.
Anyway, now about the 'Bird. The story goes it was sold to a guy who kept only for a short time and decided he didn't like it. He traded it back in for a 340 Duster. The car was for sale for a few years and then Ned just decided to keep it. After he moved it to the building next to me, I used to go next door
and get his caretaker to let me look at it. It had not run in decades. I recall the radiator cap was missing, and it was covered in dust. I do remember thinking that it had to be a rare combo, being a Hemi with column shift and bench seat. Ned died several years ago, and his family held an estate auction.
A childhood friend of mine bought it for about 80k, and I heard he got it running and flipped it a few months later for 145k. I dreamed of owning this car, but was never in the financial position to make a play for it.

252077_Misc_8dbf91c4-0615-49d8-86f3-de04cfecb79d_Web.jpg 252077_Misc_98c23114-33b2-4ce5-a4bc-f075859bf4a1_Web.jpg 252077_Misc_2519140e-a7ec-414e-8ef5-ce1ddc89f013_Web (1).jpg
 
You know the story of Baby Blue being sold to the right person for the right reasons, same as your car. The money was a secondary consideration. However, I sold my '69 Track Pak car strictly for the money, to the highest serious buyer under time pressure, so I could close the deal on my Hemi car before it got away. My 440 car sold at auction a month later for 63K. By the time the auction commissions, entry fee, and transport costs were figured in, the flipper who purchased my car made about a thousand bucks on the deal. I got the cash in hand with no risk. My '69 was a no excuses, numbers matching, great factory colors car, but the non-auction market didn't want to pay much over 40K for it. The retail, alcohol fueled, two bidders want it price is a different animal from the mainstream hobby market. I had the car for sale on this site, and got no serious offers.

View attachment 1232923 View attachment 1232925 View attachment 1232926

Go ahead, Make me feel bad myself or someone I know didnt buy that car. I Love the color combo
 
Maybe it's a supply chain issue.
It looks as if it's both. We may have over stimulused combined with labor and supply chain shortages? We get what we're seeing.

We have a shortage of truckers. Product sitting at distribution centers with no one to move them. St. Paul, MN is really bad as local issue.

Was talking with my son last night. He is in the heavy construction HVac sales. Product not moving. We believe there is opportunity for short range (freight shuttle if you would.) With delivery trucks that don't require CDL?

Again, just thinking out loud.
 
Go ahead, Make me feel bad myself or someone I know didnt buy that car. I Love the color combo
I guarantee, I felt equally bad, not being able to pass it on to someone who loved it as much as I did, and knowing the auction company got their pound of flesh out of the deal. I wanted that Hemi GTX more than any Mopar I ever saw up close, or I never would have done it.
 
Rarely watch the auctions anymore; usually other stuff to do and watching it for too long is an irritation. (Include as posted earlier – such as one car I’m waiting to see cross the block for an hour after viewing VW busses, bronco’s, Rolls Royce's, etc. and it’s friggin commercial time.) Years ago the muscle car values exploded due to foreign buyers with lots of cash, some at the expense of the tanking USA durable goods market, and then the types of buyers here. Notably hedge fund guys and others who are swimming in cash, then of course, flippers…all good for those folks; but it has become a turn-off for me.
 
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