Has anyone on here ever bought from Barrett-Jackson? (best, sports car, Corvette)

[Deez Nuttz]

Originally Posted by momof2dfw

Right now some of the cars going across the auction blocks are a MUCH better ROI than places like the stock market and/or real estate. That is why the prices are not soft on them as some would have thought. There are only so many of these quality cars out there that have not been hacked up, repainted, modified, etc. Those are the cars in high demand and it will only go up.

ROI stands for what?

So I guess if I had a classic I wanted to sell BJ might be it?

Or then again it sounds as if all they want across their auction blocks are trailer queens....??? They probably don't want a "real nice driver".

It blows my mind on how much some people spend on some of these cars at BJ. Then again it's said to be for those with more cash than intelligence.

[momof2dfw]

Originally Posted by Deez Nuttz

ROI stands for what?

So I guess if I had a classic I wanted to sell BJ might be it?

Or then again it sounds as if all they want across their auction blocks are trailer queens....??? They probably don't want a "real nice driver".

It blows my mind on how much some people spend on some of these cars at BJ. Then again it's said to be for those with more cash than intelligence.

ROI = Return on Investment

No. There are some that go across that can be driven. Most are garage kept so that they are not out in the weather. Most car people LOVE driving their cars and get them out any chance they can. Some might only take theirs to/from events on a trailer but those are the REAL HIGH DOLLAR cars. I'm talking well into the 6 figures.

??? Um, NO! Most of these people are VERY SMART and intelligent. They just happened to use their intelligence to make a good amount of money be it in business ventures, investments, etc and then have the funds to dabble now in something they have always wanted to and enjoyed. I'd hardly say they have no intelligence.

Why are the prices "high"? Because the are something that is no longer made. Someone can start up a company tomorrow selling "widgets" that is the "hot new thing" and goes public on the stock market. They produce millions and millions of them. Those are new. Same for the company. Millions of companies out there to buy stock in. Only so many cars out there that have not been hacked up, destroyed, parted out, crushed, junked from the days of these classics. Therefore, the more original the car is the higher the value. Then throw in the limited number that were produced like say, "x" year, "y" engine, convertible, "z" package, "a" color in some models and the prices skyrocket.

[Dd714]

Originally Posted by Deez Nuttz

The old saying "a fool and his money are soon parted" could not be any truer...

It's called "disposable income". Seriously, there are rich people in the U.S. that have nothing to spend there money on, or don't know what to spend there money on. They don't know better.

With all due respect to Momof2DW I think it's an example of rich guys and toys and has nothing to do with investments. You get a few drinks, you get the charged atmosphere, you get that cute girl next to you saying bid for this and that, and hey you have the money. I think no one sees muscle cars as investments in this climate anyways. Hey I would love to by them as well, but I wouldn't buy a car at Barret Jackson and I also wouldn't let them sit in a garage, I would also tend to probably tear apart the engines to milk every HP possible and thus remove all collectable value to it.

I don't mind rich guys buying cars, but I don't like them driving up muscle car costs for us normal people, the hobbiest that like to drive these cars. Now you got Bubba with a rusting 1970 dodge dart in his yard and won't sell it to someone that wants to bring it back to life because he thinks its his lottery ticket to fortune. So there it will sit until it rusts to the ground.

[drb85650]

Sure, some lose money, but the majority either make money on their investment cars, or have the ability to turn them into tax writeoffs, capital loss...something or other well beyond my income. That's why they are there and have the "disposable income"....and I'm not.
Interesting thing about wealthy, rich, millionaires,multi or single.....all the ones I've known(a small handfull)have worked hard for their success. Worked for a gentleman in the Phoenix area, multimillionaire, nice car collection, 10+car garage plus a shop and storage yard of future projects....sure he was rich, even had the "trophy" wife and this was in the 80's. But, he started out in his field of success at age 14, saving every penny, investing, reselling....all the while I was running around chasing skirts and wasting money on bottomless pit cars. He earned it. I can't think of one well to do person I know that didn't work their a ss off for it. I'm just too lazy and would rather the "man" take the risk.
BTW....investment car wise.....friend bought a '58 Impala Convertible in 94/95 at the auction for $42,000. People thought he was nuts, why not a 57? Check out what his 58 is worth now.....

[momof2dfw]

Originally Posted by Dd714

It's called "disposable income". Seriously, there are rich people in the U.S. that have nothing to spend there money on, or don't know what to spend there money on. They don't know better.

With all due respect to Momof2DW I think it's an example of rich guys and toys and has nothing to do with investments. You get a few drinks, you get the charged atmosphere, you get that cute girl next to you saying bid for this and that, and hey you have the money. I think no one sees muscle cars as investments in this climate anyways. Hey I would love to by them as well, but I wouldn't buy a car at Barret Jackson and I also wouldn't let them sit in a garage, I would also tend to probably tear apart the engines to milk every HP possible and thus remove all collectable value to it.

I don't mind rich guys buying cars, but I don't like them driving up muscle car costs for us normal people, the hobbiest that like to drive these cars. Now you got Bubba with a rusting 1970 dodge dart in his yard and won't sell it to someone that wants to bring it back to life because he thinks its his lottery ticket to fortune. So there it will sit until it rusts to the ground.

With all due respect, knowing as many of them as I do........... they DO see many of their purchases as an "investment" ESPECIALLY nowadays. Yes, even muscle cars are seen as an investment in this climate. They also DO know what to spend their money on. Every one of them have made money in other areas and have the money NOW to buy something they have always dreamed of. Many of them tinker on them. They enjoy driving them. Have fun with them. Some they buy to keep no matter what anyone would offer for it (I have one of those and I could not tell you there is a figure I'd take for it) and some they buy because they got a good buy and know it will go up in value or they can sell it in a short time for a good profit. What else is REALLY out there in this market that you can pretty much guarantee that it will go up in value and put your money into? Cars are one and always will be. These guys are SMART! If it wasn't a good value to invest in they would not do it. They are not going to bid on ANYTHING just because some cute girl beside them tells them to or they have had too much to drink........ they are not that dumb. Trust me........ know WAY TOO MANY of them. When it comes to how they spend their money........ they are TIGHT and they have a dollar figure in their head they will NOT go over for ANYTHING no matter what.

Research all of the people that they mention on B-J and in other car auctions w/ huge car collections. See how they got their money. Most got it by scrapping by and starting a business and making it. If you need a few names that will be thrown out during it let me know and I'll give you some. One BIG one has the intials "RP".

Not many of the guys out at B-J are there to actually buy. Most are there to just see the cars. They have a true love for them and have the time to take off and go. Just like going to a car show locally but much larger (well, minus Hot August Nights which is a HUGE car show). They of course go w/ their bank letters so they can get a bidders pass and get into the auctions. Then if by chance something comes across the block that intrigues them and the price is right......... they will bid. Of course they have already researched the car prior to arriving at B-J and checked out once they got there.

Most of us are "normal people" and love these cars just as much as everyone else. To say we don't.......... well, that is kind of offensive . Thing is some of us have a real love of them just like they are. No changes in the way they came off the line, etc. No need to tinker w/ the HP as we don't want to race them. We just want to drive them and enjoy them. If your wanting to "tinker with it" your not really "loving" the car for what it is. We LOVE driving them just as they are. Because we do take care of them they will be around for our kids to enjoy and others as well that have a love for them. Too many people "tinker" with them and all of that car will be gone and future generations will not have a clue that at one point a car w/ less than 400HP was actually considered "fast".

Oh well. To each their own.

[momof2dfw]

Originally Posted by drb85650

Interesting thing about wealthy, rich, millionaires,multi or single.....all the ones I've known(a small handfull)have worked hard for their success. Worked for a gentleman in the Phoenix area, multimillionaire, nice car collection, 10+car garage plus a shop and storage yard of future projects....sure he was rich, even had the "trophy" wife and this was in the 80's. But, he started out in his field of success at age 14, saving every penny, investing, reselling....all the while I was running around chasing skirts and wasting money on bottomless pit cars. He earned it. I can't think of one well to do person I know that didn't work their a ss off for it. I'm just too lazy and would rather the "man" take the risk.
BTW....investment car wise.....friend bought a '58 Impala Convertible in 94/95 at the auction for $42,000. People thought he was nuts, why not a 57? Check out what his 58 is worth now.....

I only know of 1 person that did not get to be a multi millionaire w/o working for it. And even before that they were hardworkers. They just "hit the big one" and got to quit working. LOL!!! But they were overall VERY GOOD people to start with. Ane yet they are not into the car scene at all.

All of the guys we know that are into the car scene and buying, collecting have also worked their tails off. Most own "dirty" businesses. Not the white collar desk jobs. Some you would see and most would think they couldn't afford a beat up Pinto - I'm not kidding. Yet they might have 4 Ferrari's sitting in their custom garage at home along w/ a couple of nice muscle cars. One such recently fired a client. A very WEALTHY client (former presidential candidate - think charts and pointers and a funny talk ). Same guy looks like he just rolled out of a gutter because of the job he does. Cleans up good though but still. Down to earth guy but he has a HECK of a car collection.

You can not judge a book by its cover.

[seamusnh]

Originally Posted by Deez Nuttz

ROI stands for what?

Then again it's said to be for those with more cash than intelligence.

Right... Doesn't know what ROI stands for and says other people have more cash than intelligence.... OK....

[Steve Bagu]

Momof2dfw...sorry...you are wrong on that 61 T2 Van. I started working on 36 Hp engines in 1968...the 40HP...1300cc...1500cc...1600cc. I was in the VW Engine rebuilding/Auto Parts business...have rebuilt over 5000 of them in 28 yrs...Drag raced a VW NHRA legal Dragster...have in my garage a 66 Bug with a 200HP Turbo 1776cc Engine.

That VAN had a PICT 34-3 carb that will only fit a 1600cc DP engine unless they put on a (old) reducer to a 1200 intake manifold which originally went the other way at time of conception and design. The original 1200cc engine (40HP) had a 30-1 carb and not the 34-3 model. The intake manifold is different.

The original engine came with a vacum dist and not a mechanical one as shown (Brazil 009). The old 36HP did have a mechanical dist available in Germany besides the heavy duty steel vacum unit.
At my store I stopped building the 36HP due to lack of sales. All the 61-65 had the 1200 (40HP) and even they were slowly going to a 1600cc for more power and a 12V Alt. system. The carb shown on the camera had a throttle return spring and overall appearence of the 34-3 or maybe the 1974 34-4 carb (one yr only). Could go but whats the use...I'm way over your head on this one.

Could go on about the innerds of the engine...size of cranks...cams stock and performance ...have been there and seen and done it all.

No disrespect intended but I'm the Engine DR on VW's.

Steve

[Dd714]

Originally Posted by momof2dfw

With all due respect, knowing as many of them as I do........... they DO see many of their purchases as an "investment"

I sincerely meant no disrespect because I have read your posts before and agree with and respect them. But I still disagree. I think you are talking from your viewpoint, and people do make money from muscle cars but you really really have to know what you are doing. Most of these are businesses that do not buy at barret jackson, but buy and look carefully for deals on the open market, they then SELL at barret- jackson to make their profits.

Muscle car values DO go down, sometime dramatically. In the late 80's muscle car prices went down and people lost millions. And muscle car values are going down again, depending on model. In March the Wall Street Journal reporting that classic car prices went down by a third on average. that's of course before the crashes that happened recently. The industry is very dependent on the economy. If the economy is good, they appreciate at a greater value than most other investments. If the economy is bad, they depreciate likewise at a greater value. And the economy is doing terrible and lots of rich people are not so rich anymore. It also involves "wait and hold" vs "sell" strategies. Some can wait out the dips in the market, others can't. Cars are a poor and risky investment, period. If you want to argue that point further we can - finance is my trade, automobiles are my hobby.

Now you obviously buy cars because you enjoy them. And that's what I would encourage. Drive them and enjoy them. And who knows you and your husband may have very good business sense in the classic car field. That's all great but I still think it doesn't apply to the average buyer from Barret Jackson.

[momof2dfw]

Originally Posted by Steve Bagu

Momof2dfw...sorry...you are wrong on that 61 T2 Van.

I think you misinterpreted what I said. I'm not saying that it WAS original. You have to listen VERY CLOSELY to what they are saying at these auctions. They will HYPE to no end a vehicle that is TOTALLY 100% original to the "T". Some of them which might have been the case on this VW van may have said, "original........ ". But did it say "original motor" and/or "numbers matching"? I have not looked it up to see how it was advertised nor gone back thru last nights show (I am recording the entire broadcast of the auction). The auctioneers as well as the announcers that the Speed network are using are very well versed in their cars and will even look at the VIN's to see if everything lines up and is what it says it is. If they see ANYTHING out of place they will say so. The people in the audience might not hear the Speed guys but we can on tv. This is why I get so to'd at my husband when he tries to talk about the cars while they are - he doesn't get it that I totally get into what they are saying about them

I'll be back in later and will check it out on the website to see how they advertised it. If they did say it was the "original motor" and it was in fact was not.......... then the buyer can try to take it up w/ them. This is why it pays to know what your doing at these things.