Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Schonyenko2</div><div class="ubbcode-body">You might say it's a little like the WWF of car auctions. </div></div>

What's that old saying about TV wrasslin'? &quot;The wrestling's fake but the checks are real&quot;. [img]<<GRAEMLIN_URL>>/grin.gif[/img]

Re: Barrett Jackson is on fire
 

i think P.T. Barnum said it right..............

Re: Barrett Jackson is on fire
 

I too just DVR the thing and fast forward. I stop and watch the cars I'm interested in, and cringe at the comments the commentators make.

Did anyone notice how Mike Joy seems to touch something on every single car? Steve Magnante is a true car guy, he points to items or features, but does not make physical contact. Mike Joy is one of those guys that rubs, picks, or strokes every part of the car he's talking about. Obviously, Mike Joy doesn't understand car guy etiquette. He's probably one those guys that walks into an art museum and touches a painting as he describes what he likes and doesn't like about it.

There was an old pre-war oil/grease delivery truck that had an over-the-top museum quality resto, and when the camera hit Mike Joy, he mentioned where the supplies were kept on the truck. He grabbed the huge slider latch on the back door of the truck and tried to open it (?#!@#), but it wouldn't budge. He said it must have been painted shut. Seriously? The paint job on the latch and slider assembly was show quality, perfectly aligned, and I'm sure had never been opened.

I stopped my DVR to watch a 1969 Trans Am on the block. I shook my head as the commentators once again got everything wrong. They said this one had the &quot;rare optional Ram Air III engine&quot; (that was the standard engine), that all 69 Trans Am's were white with Lucerne Blue stripes (they're not Lucerne Blue), and they pointed to the repop window sticker and said the Trans Am option added $400 to the price of a 69 Firebird. The Trans Am option added over $1000 to the price of a Firebird, they were looking at what the Trans Am option consisted of. On top of that, the Trans Am they were talking about was supposed to be a low mileage original, but had obviously been restored. They missed painting the wing pedestals blue, it had a completely incorrect gray master cylinder, was missing the power steering cooling line, and the seats were obviously a new material as they didn't match the door panels.

Oh well, I still enjoy watching, but just with the DVR... [img]<<GRAEMLIN_URL>>/smile.gif[/img]

Re: Barrett Jackson is on fire
 

Lotta' cars have the modern chrome steel American five-spokes. Otherwise nice car with yawn cheap-looking wheels.

Re: Barrett Jackson is on fire
 

Anybody know what happened with the red '70 LS6 Chevelle convertible @ $150k?????

Re: Barrett Jackson is on fire
 

Who is the dark haired buyer in the balcony from Florida that has purchased several cars? I have seen him on BJ tv coverage before. He has purchased everything from muscle cars to heavy cars of the 50s. I believe they mentioned that he has an auto museum.

Re: Barrett Jackson is on fire
 

Does anyone know what happened to this 1971 Olds 442 …it seems to have disappeared from the auction. This was the nicest Olds in the auction in my opinion. It was restored by Troy Thornton but it appears he pulled it from the auction. Maybe he sold it before it was set to be auctioned?
http://www.barrett-jackson.com/Event...ERTIBLE-181077

I loved the 1969 Trans Am Prototype – I saw it at the Muscle Car Nationals and it was incredible. It should have pulled a lot more. But many of these rich guys it seems only care about the convertibles.

Re: Barrett Jackson is on fire
 

Thorton does some nice work.. See their cars all over around here..

Re: Barrett Jackson is on fire
 

That's what I thought Steve the camaro was a clone
And now we have Richard from
Gas monkey morons roming around this has become the wff of car
Auctions for sure
And what I dont get Wayne Carini has always stated he does not do business with B/J
And now he's there????

Re: Barrett Jackson is on fire
 

Been out all evening, how has the money on Ron Pratt's cars been?

Re: Barrett Jackson is on fire
 

The Howard Hughes 53 Buick that he paid 1.5 million for just sold for 100K. Ouch!

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: markinnaples</div><div class="ubbcode-body">Been out all evening, how has the money on Ron Pratt's cars been? </div></div>

Many have not met reserve or have sold for less than what he paid for them.

Pratt bought the Super Snake for 5.5 mil and bidding only went up to 4.7-did not meet reserve.

He paid 4 million for the Futureliner and then had it restored ( I would say another 1 mil easily) and it only sold for 4 mil

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SBR</div><div class="ubbcode-body"> The Howard Hughes 53 Buick that he paid 1.5 million for just sold for 100K. Ouch! </div></div>

I doubt he cares..his high dollar accountants had it set up so if he sold at a loss he takes a tax break. Pratt did not become billionaire by being stoopid.

I would even venture to say he has it set up where he even makes money..he writes off the full price of the Futureliner, I bet it's storage, ad all associated cost that he had including employees he hired to take care of it.

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: whitetop</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SBR</div><div class="ubbcode-body"> The Howard Hughes 53 Buick that he paid 1.5 million for just sold for 100K. Ouch! </div></div>

I doubt he cares..his high dollar accountants had it set up so if he sold at a loss he takes a tax break. Pratt did not become billionaire by being stoopid.

I would even venture to say he has it set up where he even makes money..he writes off the full price of the Futureliner, I bet it's storage, ad all associated cost that he had including employees he hired to take care of it. </div></div>
I agree that he probably does not care, in fact when you bundle the entire collection, I am sure that he did very well.

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: bigsixman</div><div class="ubbcode-body">Who is the dark haired buyer in the balcony from Florida that has purchased several cars? I have seen him on BJ tv coverage before. He has purchased everything from muscle cars to heavy cars of the 50s. I believe they mentioned that he has an auto museum. </div></div>

Perhaps you are referring to John Staluppi, owner of Cars of Dreams Museum?

http://johnstaluppiwiki.com/john-staluppi.jpg

Re: Barrett Jackson is on fire
 

Re: Barrett Jackson is on fire
 

[img]<<GRAEMLIN_URL>>/haha.gif[/img]
Some guys are stuck in a time zone.
My Brother still has a duck tail hair style from the 80's and I bug him about it every time, will he change NO. LOL

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: whitetop</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SBR</div><div class="ubbcode-body"> The Howard Hughes 53 Buick that he paid 1.5 million for just sold for 100K. Ouch! </div></div>

I doubt he cares..his high dollar accountants had it set up so if he sold at a loss he takes a tax break. Pratt did not become billionaire by being stoopid.

I would even venture to say he has it set up where he even makes money..he writes off the full price of the Futureliner, I bet it's storage, ad all associated cost that he had including employees he hired to take care of it. </div></div>

This. Rich people live differently and by different rules than the rest of us.

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: 1969L78Nova</div><div class="ubbcode-body">http://www.johnstaluppibiography.com/ </div></div>

This guy is a big deal in the NY car scene and around the country...
I did some business with a few of his dealership back in the day...it was interesting [img]<<GRAEMLIN_URL>>/rolleyes.gif[/img]

wilma

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: HO455</div><div class="ubbcode-body">Does anyone know what happened to this 1971 Olds 442 …it seems to have disappeared from the auction. This was the nicest Olds in the auction in my opinion. It was restored by Troy Thornton but it appears he pulled it from the auction. Maybe he sold it before it was set to be auctioned?
http://www.barrett-jackson.com/Event...ERTIBLE-181077 </div></div>

I know there were paperwork issues with a red W30 vert they did in 2013 - doctored docs if you will (not Thornton's fault) - same thing? Or maybe it just sold on the floor before the stage? Is that possible at BJ? Anyways there was much commentary in 2013 in a BJ thread here on the docs for the 357k(!!) W30 red vert but, lo and behold, all negative commentary has since been stripped from the thread...sometimes this site is funny like that - certain cars are &quot;protected&quot;. [img]<<GRAEMLIN_URL>>/rolleyes.gif[/img]

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SBR</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: whitetop</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SBR</div><div class="ubbcode-body"> The Howard Hughes 53 Buick that he paid 1.5 million for just sold for 100K. Ouch! </div></div>

I doubt he cares..his high dollar accountants had it set up so if he sold at a loss he takes a tax break. Pratt did not become billionaire by being stoopid.

I would even venture to say he has it set up where he even makes money..he writes off the full price of the Futureliner, I bet it's storage, ad all associated cost that he had including employees he hired to take care of it. </div></div>
I agree that he probably does not care, in fact when you bundle the entire collection, I am sure that he did very well. </div></div>




Keep in mind that a lot of Mr. Pratte's cars were charity cars where 100% of the money went to charity and were a 100% tax write off. So let's just use the Hughes Buick as an example(even though I don't think this vehicle was a charity vehicle) buys it for 1.5 mil, takes a tax write off for 1.5 mil, then sells a couple years later for 100K...he made money. The few he loses money on will be made up by the many charity cars he bought and took the 100% write off on and re sells.

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: JamesinHBCA</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: bigsixman</div><div class="ubbcode-body">Who is the dark haired buyer in the balcony from Florida that has purchased several cars? I have seen him on BJ tv coverage before. He has purchased everything from muscle cars to heavy cars of the 50s. I believe they mentioned that he has an auto museum. </div></div>

Perhaps you are referring to John Staluppi, owner of Cars of Dreams Museum?

http://johnstaluppiwiki.com/john-staluppi.jpg </div></div>

Interesting...he sold off his collection of ~100 cars back in 2012...must be ready to refill that empty space...

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: JamesinHBCA</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: bigsixman</div><div class="ubbcode-body">Who is the dark haired buyer in the balcony from Florida that has purchased several cars? I have seen him on BJ tv coverage before. He has purchased everything from muscle cars to heavy cars of the 50s. I believe they mentioned that he has an auto museum. </div></div>

Perhaps you are referring to John Staluppi, owner of Cars of Dreams Museum?

http://johnstaluppiwiki.com/john-staluppi.jpg </div></div>
Yes, I am referring to this buyer, thank you for your help and information.

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: whitetop</div><div class="ubbcode-body">[quote=markinnaples]Been out all evening, how has the money on Ron Pratt's cars been? </div></div>

Many have not met reserve or have sold for less than what he paid for them.

Pratt bought the Super Snake for 5.5 mil and bidding only went up to 4.7-did not meet reserve.

He paid 4 million for the Futureliner and then had it restored ( I would say another 1 mil easily) and it only sold for 4 mil

[/quote

Velocity advertised them and the Barret Jackson infomercial as being ALL at no reserve.

Re: Barrett Jackson is on fire
 

The Super Snake sold after it left the stage for 5 mil.

Charley could only muster 3 Mil. Whimp [img]<<GRAEMLIN_URL>>/naughty.gif[/img]

Dan

Re: Barrett Jackson is on fire
 

anybody know why Ron Pratte is selling his collection?

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">

Velocity advertised them and the Barret Jackson infomercial as being ALL at no reserve. </div></div>

All his cars had a reserve on them. the ringmaster went down and spoke with Pratt and many he took off the reserve or accepted less than reserve. Many were at reserve..the Super Snake for example did not sell/meet reserve. .the Futureliner was at no reserve.

Re: Barrett Jackson is on fire
 

The Futureliner was donated to charity.

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Schonyenko2</div><div class="ubbcode-body">You might say it's a little like the WWF of car auctions.</div></div>

Now that you mention it, they do have quite a cast of characters there.

Lets see, there is Craig Jackson the Patriarch, Steve Davis that has never been seen without sunglasses, even at night. Bumbling Mike Joy touching everything, Steve M. as the smart guy with the chunky black glasses, Amy A. the looker with the long flowing hair whispering into the ears of older men to up the bid, Spanky A. with those reading glasses always on his brow, The young bidders assistant that is rarely seen but often heard with his howling scream, Sexy ring girls in long formal gowns holding signs, Gary, the old hippie refusing to give up the long hair, Ron Pratte as the quiet elephant in the room, Richard Rawlins the flamboyant seller, The Big Spender that looks like he just walked off the set of The Sopranos, Various drunken spectators with no intention of bidding but trying to be seen on TV in the background of every interview, and numerous celebrities making a guest appearance on stage.

Who did I miss?

However, they must be doing something right. Attendance is up, prices are up, and I am still watching more than ever!

Re: Barrett Jackson is on fire
 

Prices are up, but why? I haven't seen a break in my economy yet. Where is the money coming from?

This charity thing
 

Let me see if I understand this charity thing.........
Person A donates a car worth $100K at auction for charity. Tax write off for what it sells for.
Person B buys the car for $100K. Money goes to charity. Tax write off.
Person B puts the same car up for auction at the same event or next year. Proceeds to go to charity. Tax write off.
Person C:....well you get the picture.

Now, if I decide to sell my car for charity and I have my buddy make sure he's the high bidder, I get the tax write off for the sale price and he gets the tax write off for his payment to the charity. HE puts the car up again at auction for charity and I buy it back. We both get the tax deduction again. I get my car back and we both get a 2X $$ tax deduction for playing the game. Is that really how it works?

I guess if my buddy was sitting next to me on the front row and he bought my &quot;car&quot;, I'd get up and give him a hug too!

Verne [img]<<GRAEMLIN_URL>>/hmmm.gif[/img] [img]<<GRAEMLIN_URL>>/rolleyes.gif[/img]

Re: This charity thing
 

Marlin could probably comment here, but it's my understanding that the amount of the tax write off for the purchaser of the car is only the amount paid in excess of the value of merchandise received.

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cdn454LS6</div><div class="ubbcode-body">anybody know why Ron Pratte is selling his collection? </div></div>
This from another website from one close to him:
<span style="font-style: italic">Mr.Pratte built one of the finest collections of Cars,Airplanes and Automobilia the world has ever seen and is now moving on to other interests including building a private race track at the Dunes. He also wants to spend more time flying and seeing the world.</span>

Re: Barrett Jackson is on fire
 

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: bergy</div><div class="ubbcode-body">Marlin could probably comment here, but it's my understanding that the amount of the tax write off for the purchaser of the car is only the amount paid in excess of the value of merchandise received.</div></div>

But who establishes the value of the goods received?

Re: This charity thing
 

'Let me see if I understand this charity thing.........
Person A donates a car worth $100K at auction for charity. Tax write off for what it sells for.
Person B buys the car for $100K. Money goes to charity. Tax write off.
Person B puts the same car up for auction at the same event or next year. Proceeds to go to charity. Tax write off.
Person C:....well you get the picture.'

What you are missing is that when you buy a car where the proceeds are going to charity, you cannot write off the donation in full because you are receiving an asset for the price you paid&quot;,its not a true &quot;donation&quot; due to that. If you overpay for a car thats being auctioned off ,you may be able to write off the amount you paid over the market value of the car.

Re: This charity thing
 

I'm having trouble finding the market value of GM Futureliners in my Kelly Blue Book.

Re: This charity thing
 

From B-J website.

&quot;The Ron Pratte Collection alone brought in over $40.44 million in vehicle and automobilia sales.

Re: This charity thing
 

&quot;But who establishes the value of the goods received?&quot;

When you're dealing with the IRS - It's best to have a certified appraiser provide the value in writing. The IRS can still argue, but you will generally avoid penalties if you take the donation credit based on a certified, appraised value.

Re: Barrett Jackson is on fire
 

[quote=bergy]Anybody know what happened with the red '70 LS6 Chevelle convertible @ $150k?????

I saw that too but don't know the story on it.

Re: This charity thing
 

Would there not be a capital gsin/loss issue with all these cars sold?