Re: Barrett Jackson - Opinions?
I was at BJ all week selling my '69 Z28 with my brother and Mr. Boone. We had the best '69 Z28 there by a landslide with the most forthright presentation revealing all numbers and info good or bad. Original motor and diff. Not hit body on original sheet metal. Our car did $85k on the block. Very soft #. BJ told us it would do $120k. A LOS '69 Z28 factory RS car, OEM drivetrain car in hugger orange did $73k (smoking deal). A couple of big brake, fuelie Vettes ('60 and '61 I think) did $105k and $107k (I maybe wrong on the exact figures pardon) but again, smoking deals. Those were $150k cars last year. We saw a '57 fuelie with the original motor hammer to $77k. Another Vette was a factory red/red 300hp Convertible sold for $50k (not a smoking deal but a good value). It was nice to see the lesser quality (NOM, restamp, fake tags contingent) sell at a lower value but Reggie Jackson's junk box black RS with Z28 emblems sold for double its value $80k - reproduction cowl tag. George Lyons '69 Z28 with a cross ram and a undisclosed restamp motor did $70k. The Gas Monkey Garage Daytona yellow '69 Z with some metal issues but OEM drivetrain did about low $60ks (added hood and spoilers but an M22 car). A real nice driver Citrus green '70 Z OEM drivetrain car did like $38k before fees. Needed a smog system but it was a decent buy. The COPO Camaros cars were all over the place. Not one had the original motor - Yellow/white Show Your Auto car did $155k after commissions, HO COPO in the Saloon collection did $132k, Albaugh Collection car with a restamp BE rear from George Harris did $104k. Whats with 1970 Chevelle owners with late introduction colors calling them COPO Chevelles? I don't think 1 LS6 Chevelle broke $100k. Tom William's old L78 Nova with a Henderson restoration did $67k. No love for a real Nova. In summary, the more time you spend looking at these BJ cars, the more reproduction parts you see. I was not enamored with a single muscle car there. I LOVED a gold/white roof '57 Nomad (or 2 door wagon, don't know much about those cars) that if I had all the cars I wanted and needed to have it, I'd be all over it. Sold for $70k before commissions? In speaking with friends I consider market watch dogs, we agreed the market is continually correcting itself from years of abusive spending. Prices down about 20% from expectation at BJ. I cannot speak for other auctions. Nothing shows discretionary spending levels like a car auction. Stay tuned folks, lots of scared people. No one spent $ at BJ.
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