http://thekneeslider.com/archives/2006/01/23/barrett-jackson-how-rare-is-rare/ Motorcycle News for Positive People Sun, 12 Feb 2012 09:09:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://thekneeslider.com/archives/2006/01/23/barrett-jackson-how-rare-is-rare/#comment-6099 Ty Mon, 23 Jan 2006 16:48:08 +0000 http://thekneeslider.com/?p=821#comment-6099 I was at Barrett Jackson this year and cannot agree more with the hype around "rare" cars, and the dollars museums, collectors, and the "better half" will pay once they get a bit "liquored up". Back in 99 when I attended, Ferraris were the vogue, and after hearing the sound of a V-12, I was hooked. But these are also limited production exotics who one would think would hold their value forever. That said, I saw a total of 3 at BJ this year. The big hitters were the better than new Mopars, and the big block Chevies (Corvettes, Chevelles, etc.). Looks like the muscle cars are back with a vengeance, and I have to think that they will stay in vogue for quite some time. Why? There are still a lot of us out there that wanted one of these as a kid and couldn't get one until now. And with the growing aftermarket segment supplying quality repro parts, even a shell of a car can be recreated into better than new showroom condition. Will the prices hold? In my view, the BJ prices are out of this world, and the hype around this event elevates prices that are not reproducible in other retail segments or other auction events. Case in point..I also attended the Russo & Steele auction in Scottsdale (held the same time as BJ). Just as many quality muscle cars, not as inflated of prices, and I didn't have to worry about losing my wife in the crowds! You could view the cars for $10 or pay to get a bidders pass and then watch the auction. It cost me $40 dollars to get into BJ alone. Next year I will attend Russo&Steele again, and possibly Silver and RM, but I am done with BJ....The real question is after the muscle car hype, "what is next"? Ricers, Euros???? I was at Barrett Jackson this year and cannot agree more with the hype around “rare” cars, and the dollars museums, collectors, and the “better half” will pay once they get a bit “liquored up”. Back in 99 when I attended, Ferraris were the vogue, and after hearing the sound of a V-12, I was hooked. But these are also limited production exotics who one would think would hold their value forever. That said, I saw a total of 3 at BJ this year. The big hitters were the better than new Mopars, and the big block Chevies (Corvettes, Chevelles, etc.). Looks like the muscle cars are back with a vengeance, and I have to think that they will stay in vogue for quite some time. Why? There are still a lot of us out there that wanted one of these as a kid and couldn’t get one until now. And with the growing aftermarket segment supplying quality repro parts, even a shell of a car can be recreated into better than new showroom condition. Will the prices hold? In my view, the BJ prices are out of this world, and the hype around this event elevates prices that are not reproducible in other retail segments or other auction events. Case in point..I also attended the Russo & Steele auction in Scottsdale (held the same time as BJ). Just as many quality muscle cars, not as inflated of prices, and I didn’t have to worry about losing my wife in the crowds! You could view the cars for $10 or pay to get a bidders pass and then watch the auction. It cost me $40 dollars to get into BJ alone. Next year I will attend Russo&Steele again, and possibly Silver and RM, but I am done with BJ….The real question is after the muscle car hype, “what is next”? Ricers, Euros????

]]> http://thekneeslider.com/archives/2006/01/23/barrett-jackson-how-rare-is-rare/#comment-6098 aaron Mon, 23 Jan 2006 15:53:27 +0000 http://thekneeslider.com/?p=821#comment-6098 the other day, ten minutes apart, two hemi baracudas went for $600,000+. funny thing is, they were the same triple black color scheme, and i think they were the same year! (yeah, baby. it's rare... wait a sec, i'm parked next to another one...) this'll end up like the 80's ferrari boom. in 20 years the really rare models will still get top buck, but the somewhat rare ones will be more in line with reality. the other day, ten minutes apart, two hemi baracudas went for $600,000+. funny thing is, they were the same triple black color scheme, and i think they were the same year! (yeah, baby. it’s rare… wait a sec, i’m parked next to another one…) this’ll end up like the 80′s ferrari boom. in 20 years the really rare models will still get top buck, but the somewhat rare ones will be more in line with reality.

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