The big Arizona auctions are just around the corner-January 2009. The one that gets most publicity, thanks to the Speed Channel, is the Barrett-Jackson auction. There are at least four other auctions during the month. Gooding & Company, RM Auctions, Russo & Steele and the venerable Kruse Auction. There may be others-who knows? Gooding and RM will have the big classics and exotic foreign cars. Russo & Steele is all about muscle and collector cars. Then there's Barrett-Jackson, which offers an eclectic group of cars, mostly muscle and collector cars. However, anything can show up there and usually does. Last year B-J sold a creation called Robosaurus, which destroyed cars. This year, their off-the-wall offering is bit tamer-a Ford Tri-Motor airplane. What will happen at these auctions? Will the prices be down, as a result of the crummy state of the economy? My hunch is the great cars will still command great prices but the average stuff won't do as well. And I think the muscle car market has cooled-off quite a bit. But that's just my opinion. How about you?
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What will happen at the big January auctions?
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I also think prices will be down for run of the mill cars, I always thought they were inflated at Barrett-Jackson anyway, but I still watch. Sometimes they'd put an original Road Runner up for sale, get maybe $100,000, then they put up a clone and get $150,000! I also think their commission rate is much to high, by the time they're done selling a car, they get about 20% between the buyer and the seller. Kruse Auctions are just about as bad.
well I don't or should I say can't afford to watch most of them making once again the people pay for such a lost of metal. Now think if they used to car as it was supposed to be used it probaly wouldn't so bad(ha, ha, smile laugh) myself I think some that is as old as one of those cars that no one will drive because they are afraid it will get dust or dirt maybe a scratch on it MELT IT DOWN and use it for something to use that people CAN use!!!