do u think barret jackson ?

do u think barret jackson destroyed or helped the car world?
i think it helped it with popularty but the prices went crazy for original cars which is a downer  
don't crush restore
chevyforlife

true. all those big acutions excalated prices. but either way i think they still would have gone up. not quite as much but still a bit.  

haha everyone started buying up cars to build for big bucks im in md theres nothing left thats rare anymore  
don't crush restore
chevyforlife

yeah. i saw a ls6 chevelle convertible go for like 700,000. thats outragous. alot of people r in it for the money not for the true spirit of hot rodding and driving muscle cars  

hell ya i know a guy right down the road from me has 200 cars in bubbles they never see the road including 2 road runners(hemi's) and a yenko camaro  
don't crush restore
chevyforlife

Actually Many people took advantage of the popularity of it. Many cars Never changed hands, but were logged as sold. Like all good things there is always some people that will use it to there advantage, even if it is wrong.

Here's how it works: NOTE; This is just an example. prices are not actual!!!

Let's say I have a 1969 Yanko Clone.
Let's say it's true value is some where between $15,000 to $25,000.
I want to sell it for $45,000 to $50,000.
I register it with the Barret Jackson.
It's going to cost me a % to sell it.
It's going to cost the buyer a % to purchase it.
Let's say both costs are about $14,000.
I put a reserve on it for $70,000.
I have one of my friends bid on it and rake some one in to bid against him.
Now I have some one on the hook.
Both bid and the car reaches $70,000, reserve met. Car can be sold for $70,000 or If I really wish to keep the car, I make sure my buddy can out bid the other guy so the bidding goes on.
The bid tops out at $80,000 with my buddy winning the car.
I pay my buddy a few hundred bucks for bidding.
I have the car still and PAPER WORK that says the vehicle sold at Barret Jackson for $80,000. Now I put the car up for sale for $70,000 with documentation.
I just raised my profit alone more than the car was really worth.
Now every jerk that has a Yanko clone thinks his car is worth upwards of $80,000.
Most may try to sell their clone for $40,000 because it is half of what they went for at the auction. There was an article written on this. I'm just not sure where??? Some guy working for the Department of Motor Vehicles followed a few titles and they did not change hands on cars that were hammered "SOLD".
If you watch the Barret Jackson and take it to heart. Think about this? All these sellers are trying to push the thought that "not one" old car was ever driven. Did every car purchased in the 50's and the 60' all go into storage straight from the dealer. Did everyone still ride horses while their new cars were parked. Where is the real miles????
It is all a money game and it is hurting the hobby!!!!
Don't ask me why, and as deceitful as it is, I still watch it????
I like the first few days when the affordable???? cars go across the block.  

Helped.

1. "A rising tide lifts all boats" -- Auctions expand market participation to more casual owners, "checkbook rodders" and investors, which improves resale values for everybody and prompts restoration or building of more vehicles.

2. Televised coverage creates more interest in collector cars and educates many younger people about something other than Camaros, Mustangs, and Corvettes.

3. Increases business for many restoration/rod-building shops and restoration parts suppliers (many once-marginal vehicles have now become attractive project cars, which increases the size of the replacement parts market).

4. Strong counterpoint to all of the "cars are evil polluters"  and "car are appliances" garbage that pervades the media.

5. Helps preserve some milestone vehicles for future generations (the flip side to all of that bubble-wrap "investment" collecting)

6. Helps keep vintage vehicles and muscle cars "in fashion" (Fashion is really nothing more than the stylistic accouterments preferred at the moment by a "critical mass" or important niche of "opinion leaders" (usually the rich and/or famous and/or glamorous))

7. Backlash helps create innovative underground movements, such as rat rodding, "Billetproof," HRM Power Tour (backlash against "bubble-wrapping"), F.A.S.T. etc.

8. Validates many of those owners who bought or held on to that "junky old car" in the 1970s and 1980s.

9. Has helped cause the OEMs to refocus on their heritage.  
http://speedzzter.blogspot.com

Normsride's scenario is interesting. But all Barrett-Jackson sales I've seen for the past few years are "no reserve."

A more likely scenario is:

A. a speculator "invests" in building something that's "resale popular" or quirky enough to auction well.

B. The speculator overvalues labor and other build costs on the auction application and/or appraisal to "build value" before the attempted sale.

C. The speculator enlists a couple of "brothers" to bid up the price against "strangers" (which violates the rules of most auctions and might be illegal).  

D. The Speculator sells to a bidding stranger if the price goes high enough or buys back through a "front" (one of the "brothers") if the sale price isn't hit (only necessary in a no-reserve auction).

E. The Speculator "flips" the car among the "brothers"  as described by Normsride when necessary to "encourage" (trick) a bank into financing the car at a higher rate. (This is most certainly fraudulent)

F. The Speculator places the vehicle with a broker who advertises in Hemmings Motor News, or trailers it to various shows and "meets,"  or otherwise advertises it until it's time to "roll" the vehicle through successive auctions. Repeat until it sells (this would be when the fraudulent "flipping transaction" "paperwork" mentioned by Normsride might come in handy).  
*****
TURBO TED --Internationally known as the "John Force of the Yugo Racing Association."

Sergeant-at-Arms and immediate Past President of the SoAL Yugo Owners Group.

also where are all these hemis coming from? u see a million of them on the block and they all claim to b original. yeah right  

I do agree with speedzzter and turboted.

Yes auctions do good things to the hobby. Yes, there are more "NO RESERVE" vehicles going accross the block. I'm not sure, but this may be because Berrett is being watched by people they had no idea was watching. So the scams are harder to pull off by sellers. Berrett sure wouldn't want to risk the Millions he makes? This is setting sellers a little more straight. Build what will sell and build it the best and get the big buck. This is fair.

I have noticed that some of the prices of these cars is lower than a few years ago. Could be the economy or the watchful eye of spectators? We may never know?

As for the Hemis. I'm sure many of these vehicles really did go into storage. At least it is a little more believable than ALL old cars having been stored and having less than 100,000 miles? Other than that I have no idea where all the hemis are coming from? They may have even been put away in the late 70's and early 80's when gas prices and emissions became the normal thing?

Here's something way out there!!!! "HOLLY COPLOWWY BATMAN"!!!! Unless some one is actually casting original copies with numbers for the big buck builder, and does not push it to the public? Why do people couterfiet a 20 dollar bill? After all an original Hemi 426 with original numbers even if counterfiet, can sell for as much as a new car these days. So would it be worth manufacturing these for the big buck guy, and not the general public. If it would take a muscle car well above 10 to 20 times or more than the engine cost? Doesn't even have to be done in this Country? People can do just about anything these days if money prompts them to. Countrfieting a hemi is not going to get the Gov's attention and Chrysler has other things to worry about than if some one is making some thing they through away. Field is wide open. Would there be more couterfiet 20 or 100s if the Gov didn't care?

I know, I know!! It sounds kinda crazy to me too ROBIN. But they are coming from some where???? I though many of them were blown up on the dragstrips? OFF TO THE GOTHOM DRAGWAY, IT MUST BE THE RIDDLER!!!! FIRE UP THE TURBINES!!!!  

"I have noticed that some of the prices of these cars is lower than a few years ago." yeah they do seem to b. they say muscle car prices hit there peak a few years ago and are slowly sliding down again. and the economy  

Yes, If one is looking to buy? Now is pretty much the time to get good deals, before the economy bounces back and things get stupid again. I've seen so many great deals. Just have to put my money to other things and don't have the room for more. Otherwize I would be buying and stock piling. Na, I'd have to drive them! Do me no good when I'm dead! Must enjoy them while I'm still kicking! Trailer queens are nice, but no fun!!!  

its a great time to buy said time to be a saler cuz money is hard to come by and it sucks cuz u feel bad for the guy that has to sell his car for rent but good u got a deal  
don't crush restore
chevyforlife