Barrett Jackson Auction Big Weekend

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#1
The big Barrett Jackson auction is being held this week in Arizona. Today and tomorrow have some of the biggies going on the block.

On Speed Channel:
Saturday, Jan. 20 2 p.m. - 12 a.m.
Sunday, Jan. 21 12 p.m. - 7 p.m.
 

Big Daddy

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This is from the Puget Sound Region BMW CCA site regarding the subject:

Returned last night from my scouting trip to Phx to see what this Barrett Jackson collector car auction mania is all about....I'll try to be brief..

Average age of event attendee buyers, sellers and tourists was 55...almost 80% were looking for or selling an American Muscle car...wide selection available ranged from Chevelle and Camaro SS396, Olds 442's Road Runner and Super Bee (Hemis are 100k+) Mustangs, Corvettes and Roadster show type Hot Rods, lots of "Automobilia" for sale....impressionist paintings of F1 Ferraris, Shelby's smilling face, neon signs, hats with Camaro or Mopar labels...as for Eueropean mfrs saw only 2 restored 65 VW bugs, 2 VW Things, 2 Austin Healey Roadsters, no Bimmers, 2 Ferraris, 6 Porsches...so mostly all late 60's early 70's American Muscle Cars.....Chrysler and GM were visible but the dominant Corporate Car co was Ford who had huge displays not just lots of new retro hi perf versions of the of the Mustangs, but their new Crossover vehicle (Fusion?) and their great looking new Lincoln MKZXMW (I'm kidding but it was named M something)....

Everybody in the Arizona business community (hotel/cabs/restaurants/rental cars) take advantage of the snowbird tourists and anything related to the whole Barrett Jackson gig is overpriced...from $13 hot dogs (OK they said it was an Italian Sausage Sandwich), to a $500 registration fee you had to pay if you wanted to even bid one time on 1 car...btw those folks seated in the chairs have all paid $500 for the privilege...the cars are by no means extraordinarily cleaned/detailed... our concours cars are better prepped...
 
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#4
A low mileage all original Cuda just sold for $500K. That's totally insane!!!!! Somebody needs to have their head examined and bank account locked.
 
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#5
I used to go back in the late 80's when I was a teenager. It was a lot more fun and interesting back then. You'd run into Reggie Jackson (and other car crazy celebrities) just walking around checking out the goods. Now it's old, rich and white, which isn't a bad neighborhood, but not much else.

I don't believe I'd buy a car at Barrett Jackson, though I'd certainly be happy to sell one there. It seem like the circus atmosphere and pseudo-celebrity personalities are driving prices to over 25-30% (as much as 50% in some cases, IMHO) what they "should" be. I supposed the bidders aren't price sensitive.

I can think of quite a few very desirable cars I'd rather have for $500K that aren't 60's era muscle. It's a shame, at these prices most of the cars are going to sit in climate controlled garages.
 
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#8
Looks like there's a bit of controversy and hard feelings at the auction. Keth Martin, a former commentator for Speed, was EJECTED from the auction this year.

Collector-car writer ejected from show

Bob Golfen
The Arizona Republic
Jan. 19, 2007 12:00 AM

Veteran collector-car writer and publisher Keith Martin was stripped of his media credentials and escorted off the WestWorld grounds of the Barrett-Jackson Collector Car Auction this week after he made what auction officials called disparaging and damaging public statements about the event.

Wednesday's ejection of Martin, well-known as the former auction commentator for Speed Channel's live coverage of Barrett-Jackson, comes after a blowup with the auction regarding recent columns and coverage in his Oregon publication, Sports Car Market, which covers collector-car auctions in the United States and Europe.

The disagreement resulted in Martin being fired as commentator by Speed and Barrett-Jackson, which partner in the coverage, said auction President Steve Davis.
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In the latest situation, Martin was "holding court" in the Scottsdale auction's media center before dozens of media people and auction goers, Davis said, telling them that Barrett-Jackson is rife with problems and irregularities and they should instead attend one of the competing auctions in Scottsdale and Phoenix.

"He was holding a seminar on why you should leave Barrett-Jackson," Davis said. "It came down to him advising people that you need to go to Russo and Steele and RM (Auction), and that Barrett-Jackson has, at best, just average cars."

Davis called Martin's behavior "journalistically unethical."

Martin, who was also covering the event for the New York Times, said he was unjustly targeted by Barrett-Jackson because of his prior columns, which focused on what he described as shady bidding tactics and what he calls the hyped-up values of the popular muscle cars that are fetching high prices at auction.

"My business is talking about the value of collector cars and not getting into (altercations) with an auction company," Martin said. "They had three goons come up to me who said I was making disparaging remarks about the auction and I had to leave."

Martin said he would purchase a regular admission ticket and cover the event as a spectator. Davis said he had no problem with Martin attending as a regular customer.
 


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