2008 Barrett-Jackson Wrap Up
Well, if you planned on watching anything other than the over-the-top car auctions on Speed Network this Saturday, you were out of luck. For 10 hours yesterday, it was nothing but bidding action that continued well into the morning. The $1.6 million dollar question of the day was the Corvette Rondine, which came to $1,760,000.00 after auction fees. You might need a minute to let that sink in.
(Click through to read more about the Barrett-Jackson action.)
Also passing the seven-figure mark was the first Corvette ZR1 to roll off the assembly line at Bowling Green, and a 1928 Duesenberg J. If the buyer of the ZR1 chooses, they can pick up the car in Jay Leno's garage, they can also be the first one to start it as soon as it rolls of the assembly line. The ZR1 went to Corvette enthusiast Dave Ressler who also owns the oldest surviving Corvette, he also gets to spend some time at Bondurant driving school, presumably learning how to drive the fastest production Corvette ever.
With the number of $100,000 plus American muscle cars that rolled off the line, the number of people holding on to them are starting to consider a new Porsche to replace their American iron. Maybe they are looking to trade in on new muscle as the sales of the first retail units of the Challenger SRT-8 and Shelby GT500KR went for $400,000 and $550,000, respectfully.
Here's a list of the top 15 cars sold by price:
- 2008 Dodge Challenger SRT-8: $400,000
- 1965 Shelby GT350: $420,000
- 1959 Mercedes-Benz: 300SL: $435,000
- 1969 Dodge "Bo's General Lee" Charger: $450,000
- 2007 Blastolene B-702: $475,000
- 1961 Mercedes-Benz 300SL: $525,000
- 2008 Ford Shelby GT500KR: $550,000
- Robosaurus: $575,000
- 1969 Chevrolet "Richard Childress Racing" Camaro: $575,000
- 1963 Ford "Italien Concept" Thunderbird: $600,000
- 1967 Shelby Cobra: $600,000
- 1967 Shelby Cobra 427: $625,000
- 1969 Shelby GT500: $675,000
- 1928 Duesenberg J: $1,000,000
- 2009 Chevrolet Corvette ZR-1: $1,000,000
- 1963 Chevrolet Corvette: $1,600,000
The fast paced auction managed to bring in just over $35 million for the day, which means Barrett-Jackson took home around $3.5 million in auction fees. If you could keep up with auctioneer Doak Lambert's pace you could have netted your dream car. All in all, over 130 cars went for $100k plus on Saturday.
+ Barrett-Jackson - The World's Greatest Collector Car Events - Scottsdale 2008 Saturday
Comments
Ducati Minor
Maybe a recession and upper-class tax hike aren't so bad for America. It's not like our upper class is disposing of its extra income intelligently.
chartguy
All in all, bidding was surprisingly weak. I suspect we're seeing a top in this market.
dante
Retarded things like $400k for a new Challenger are the exact kind of thing that lead to the rise of Marxism or resulted in the French revolution. Why don't these rich losers try to cure cancer or something? At least Bill Gates and Warren Buffett would keep their heads.
Abdul Sachedina
I also caught some of the auction yesterday. What bothered me most was the V.P. of Barrett Jackson egging bidders on and saying things like, " we're nowhere near where we should be on this car" and stuff like that. I always thought that at an auction, if someone decided that's all they were going to pay for something then that would be the price. What's the point of selling your whatever at auction. It would be my point to go to an auctoin and pay LESS than what anyone else thought I should pay for the damn car. If someone wanted it more than me then they simply out bid me. Period. I realize there were cars being sold for charity, and for those cars I could excuse this type of behaviour from the staff of B.J. Was this auction actually held in the United States of America? give me a break.
Abdul Sachedina
...and another thing. It sure took what seemed like an extra long time for the "hammer" to fall.
Mena
I found that annoying also. This is the first year with no reserve so maybe he was trying to keep the prices high. Two years ago a Hemi Cuda was a multi-million dollar car, now it's barely crackin 6 figures. As far as I am concerned, this years pricing was closer to reality.
It's their money, they can do whatever they want with it. You know what, instead of being a coward and voicing that "concern" to us, why don't you go to next years auction and tell that to their faces? Of course, you won't because that would actually take some balls.
dante
Yeah, I'm going to waste my time driving across the country to tell some insecure people what they already know, Tool bag. 'Cause they're really worth the effort I'm really THAT pissed about it. Of course they can spend their money how they want and if they choose to be losers for doing nothing constructive with it I'll call them on it. And I've said plenty of things far worse to peoples' faces. The truth only hurts if you lie to yourself.
Russ Bellinis
One of the freedoms we enjoy in this country is the freedom to do with our money what we want to do with our money. Do you know what sort of charities those rich people support, or are you just jumping to conclusions because you want this country to somehow achieve what communism tried to achieve with everyone living at the same standard regardless of income. Communism didn't work because the incentive to achieve was removed, and big government proved that they were too corrupt to accomplish anything useful except make government officials the new "upper class." I saw Ron Pratt pay $300k for an obsolete race car worth perhaps $50k at most, and a bunch of other rich folks ante up additional funds to bring to almost $500k the amount of money given to the Darrell Gwynn Foundation. I also don't think this auction reflected very much of a retrenchment on prices of truly collectible cars. I haven't watched Saturday's broadcast, yet; but so far the number of real Hemi Cuda's sold was 0. The lower price seen on the "Hemi Cuda's going across the block reflected the fact that none was an original Hemi Cuda, all were clones and the consigners were up front about full disclosure.
Matthew
The repeated stopping of the auction to rave about how great each car is really got annoying. The 15 minutes they spent circle jerking the ZR1 was ridiculous. Anyone with the ability to bid on it knows what it is. Just get on with it.
You could tell there was some annoyance on the part of the B-J guys that people weren't bidding multi-millions for some of the cars. The Pinfarinia(sp?) Corvette concept was the only one I thought had a chance to for 2 million plus and you saw the pain in their faces when it didn't.
Winding Road » Archive » Start Saving: Rare 1952 GM Futurlin
[...] that the 2008 Barrett-Jackson auctions in Scottsdale have passed, we’re keeping our eyes out for the next big-ticket item to pass through an [...]
Ducati Minor
I'm with dante.
jerry chesnutt
auctioneers dont work for the buyers they work for the sellers. It is their job to get just a little bit more for the product they are being paid to sell.
Stopping to make speeches is one way to get just a little bit more. That is how an auctioneer/ringman make a living. That is why the selling public hires that particular auctioneer they think he can get more for his product that anyone else.
dennis hourany
like it or not, it's as jerry chesnutt has said. the auctioneers are paid to bring the high price possible. if you are chump enough to over pay then so be it. these types of auctions are cyclical. you will see price rise and fall. so, sit back and enjoy the show!
Post new comment