IMO,
Barrett-Jackson auctions has been solely & personally responsible for the anomally we see today of over-pricing muscle cars.
The "triclke-down" effect has touched each and everyone of us.
How many of you have seen "over-inflated" prices of muscle cars in your local area?
We ALL know the story, someone has a car, its a rust bucket but salvageable and the pwner want "top-dollar + for the car"
And, the "parts" for cars have gone through the roof too.
B-J had been sued for selling a car too quickly a few years ago.
A Hemi Cuda w/ race pedigree. Comes to fruition, the buyer WAS a friend of the "B-J" team.
Yup, B-J won the lawsuit but now you tell me...when B-J is auctioning a car, havent you seen them stop the auction and say: "Ladies and Gentlemen, I dont think you know what we have here"
Just my opinion...
This was 2007 when prices were high...
UPDATE:
Here is a comment:
Begin quote:
"PHOENIX -- A Michigan judge is being sued by an Arizona collector car auction company after he accused the firm of underselling his classic vehicle.
David Clabuesch said his 1970 Hemi 'Cuda sold for $300,000 at Scottsdale's Barrett-Jackson Collector Car Auction in January but the muscle car should have fetched $700,000 to $1 million.
Barrett-Jackson is suing Clabuesch in U.S. District Court in Phoenix for "outrageous and defamatory actions," including chaining the car's wheels at the auction tent and putting up a sign calling its sale void.
Internet chats and blogs regarding Clabuesch's claims are harming the car auction's business interests, Virginia Llewelyn, Barrett-Jackson's corporate counsel, said Friday.
The lawsuit, filed Thursday, seeks unspecified damages and asks Clabuesch to stop maligning Barrett-Jackson.
Clabuesch, a 57-year-old judge in the Huron County Probate Court, said he did not defame Barrett-Jackson.
"They quick-gaveled the car," said Clabuesch, who protested the bidding procedure immediately and is willing to let a jury decide whether the sale was handled properly.
He said he had about $225,000 invested in the car -- the last authenticated Ramchargers racer -- through purchase and trademark investments.
Clabuesch said he plans his own legal action against Barrett-Jackson.
Llewelyn said internal Barrett-Jackson documents, used to determine which day to sell the car, indicated the 'Cuda was worth about $200,000."
End quote.