[Alvin]

It was interesting that BJ announced during the Westworld show that there would NOT be an Orange County BJ auction this year.

Instead BJ will be in RENO, NV during the Hot August Nights events.

Must be an excellent back-story to that “No Orange County BJA”…

[ponyakr]

Did ya'll watch the auction from Reno? A '70 455 ragtop goat sold for over $100k. That's probably what, over 25 times it's original cost? But a black '65 3x2 ragtop goat only brought $42k.

That's still more cash than I have on hand, but seemed low as compared to the 70 model. I reckin I'm just not up on the auction scene. But it seems like it would be fun to be able to sit around and buy any car you happened to like when it comes thru. It seems rather odd that I was able to buy a brand new RA3 goat while earning only $1.50 per hour, but now, 40+ years later, I couldn't touch a clean example of that same car.

American musclecars were built so that most any young buck with a job could buy one. Now they are reserved for rich guys, with lots of play money.

[cuz68]

This thread was started on 1/18/13. All but the last post.

[wrongway]

Originally Posted by ponyakr

Did ya'll watch the auction from Reno? A '70 455 ragtop goat sold for over $100k. That's probably what, over 25 times it's original cost? But a black '65 3x2 ragtop goat only brought $42k.

I watched the 70 go. here's the car on their website: http://www.barrett-jackson.com/appli...n=7003&aid=523

Once again, the anouncer was totally missinformed. He spent almost the whole time talking about the Canadian built BOP 12 bolt rearend with bolt in axles that is in the car. Had no clue it's a Chevy 12 bolt. Also, 7" rallys, fender decal on the trunk & trunk decals on the fenders. Coolant sensor on engine not plugged into anything. Also had Judge eyebrow stripes when it went through, but not in the pictures. They also talked about how "Forest Green" was the replacement color for Verdoro Green in '70. WTF??? Nice car, but once again a B-J oversold car with this quote from the site "correct detail throughout".

[MikeNoun]

There was something fishy going on with the bidding (wow, what a surprise!). The bidding stopped at $60K for the 70 GTO, then they (Jackson and Davis) stopped and told the crowd how it was "a $100K car all day". The auctioneer kept raising the gavel to end the bidding, then.... just as his gavel was coming down for the last time, Craig Jackson intercepts the auctioneers arm, within a fraction of a second of the car being sold, and suddenly another bid came in from nowhere. It happened again around $80K, then stopped once more at around $95K. Then they started to egg the crowd on to get it over $100K, and it eventually sold for $121K, about twice what this car was worth in today's market.

So....the car just about sold at $60K, the buyer was within one second of taking the car home, and eventually it sells for TWICE the amount?

I wouldn't be surprised if the car never sold. There's so much corruption and back door dealings going on at these auctions, you never know what you're seeing.

They had a segment on Jackson and Davis where they said they know what each car will bring before it gets up on the block, and they boasted that they're always right, to within a couple percentage points. It was a plea to sellers to "trust B-J's judgement on no reserve cars", which makes me all the more suspicious that the final bids for this 70 GTO were shill bidders to get the car from $60K to $121K.

BTW, I never did see who bought the car (I may have missed it). They always show the final bidder of a high-priced car signing the papers.

[Alvin]

Originally Posted by ponyakr

I assume this auction I mentioned is exactly the same one mentioned in this post. So it seemed to me to be the best thread for it. But if I have screwed up again, ya'll will just have to forgive me again, please.

No apologies needed IMO, if anyone doesn't like where or what you posted here they can feel free to move on elsewhere. As it turns out, the brief time I turned our DVR on yesterday it was during this 1970 Green 455 Convertible auction - so timely post for me. Thank you.

Originally Posted by wrongway

I watched the 70 go. here's the car on their website: http://www.barrett-jackson.com/appli...n=7003&aid=523

Once again, the anouncer was totally missinformed. He spent almost the whole time talking about the Canadian built BOP 12 bolt rearend with bolt in axles that is in the car. Had no clue it's a Chevy 12 bolt. Also, 7" rallys, fender decal on the trunk & trunk decals on the fenders. Coolant sensor on engine not plugged into anything. Also had Judge eyebrow stripes when it went through, but not in the pictures. They also talked about how "Forest Green" was the replacement color for Verdoro Green in '70. WTF??? Nice car, but once again a B-J oversold car with this quote from the site "correct detail throughout".

Glad I missed the typical misinformation "chatting up" w incorrect information.

Originally Posted by MikeNoun

There was something fishy going on with the bidding (wow, what a surprise!). The bidding stopped at $60K for the 70 GTO, then they (Jackson and Davis) stopped and told the crowd how it was "a $100K car all day". The auctioneer kept raising the gavel to end the bidding, then.... just as his gavel was coming down for the last time, Craig Jackson intercepts the auctioneers arm, within a fraction of a second of the car being sold, and suddenly another bid came in from nowhere. It happened again around $80K, then stopped once more at around $95K. Then they started to egg the crowd on to get it over $100K, and it eventually sold for $121K, about twice what this car was worth in today's market.

So....the car just about sold at $60K, the buyer was within one second of taking the car home, and eventually it sells for TWICE the amount?

I wouldn't be surprised if the car never sold. There's so much corruption and back door dealings going on at these auctions, you never know what you're seeing.

They had a segment on Jackson and Davis where they said they know what each car will bring before it gets up on the block, and they boasted that they're always right, to within a couple percentage points. It was a plea to sellers to "trust B-J's judgement on no reserve cars", which makes me all the more suspicious that the final bids for this 70 GTO were shill bidders to get the car from $60K to $121K.

BTW, I never did see who bought the car (I may have missed it). They always show the final bidder of a high-priced car signing the papers.

IIRC I happened to tune in at around the $60 to $80k mark and saw the jerking start-stop-start bidding presentation while this was on the block.

No way can I comment about this vehicle unless not only seeing this in person, but also driving it - even only in the staging lanes - to know what this car is really about. This comes from personal experience of driving auction cars that looked like mega $$$ and some were actual "Star Cars" that may look nice for camera, pictures, and some also in person; that were barely and/or undriveable. This same has been true in my experiences for many Pontiacs.

On the positive: I've found and driven many clean, tight, not photographic or televised vehicles that were downright nice and great value vehicles in person.

Keep in mind; most any vehicle you see televised, the owner has paid $$$ for it to be seen on the broadcast, and IIRC pay additional $$$ for coveted time slots on Auction Dates.

[Alvin]

Off topic: I just remembered we did too see the Steve Magnetti "dream" broadcast introduction w "The Snake" and "The Mongoose" tow rigs and funny cars. That WAS COOL! My wife also enjoyed it as Don Prudohomme was in the segment and we, like many fans over the years, met him when he was running his Dixon driven Miller Lite AA/TF dragster...and

Full Scale Hot Wheels are cool!

Go to this link to see other versions on display @ Peterson Museum: http://www.tachrev.com/Petersen2.htm

Back to topic.

[MikeNoun]

Good post Alvin. I agree, most of these cars at auction are not as perfect as they appear to be on TV. I've been to the Mecum Auction in St. Charles IL several times, and many of the cars that appear to be flawless on TV do in fact have some issues.

The 70 GTO was very odd in that it had the eyebrow stripes and blacked out hood scoops, which were not in the photos on the web site. It's like they were in the process of making it a Judge, and like in "Invasion Of The Body Snatchers", we caught it in mid-transformation. Not quite a human being yet, but someone pulled it out of the pod.

Ewww....

[tigergto]

BTW, I never did see who bought the car (I may have missed it). They always show the final bidder of a high-priced car signing the papers.[/QUOTE]

I believe it was the bidder in the sky box that was the winning bidder. He also was the one that put the bid in when Spanky Assiter's arm was grabbed by whom ever was sitting to his right. I could be wrong but I don't believe it was Graig Jackson.

[Alvin]

Interesting personal experience that goes with this thread theme:

==> I was asked to drive a later model Orange MACH 1 through the block at the end of the last day of an local auction after the cameras were long gone. While I was sitting in it one of the independent broker reps came by and commented to me:

==> "This one bid up to $20,000 yesterday was gaveled as supposedly sold on camera." At this point he rolled his eyes. He continued: "...it'll be interesting to see what it bids for today and if it really sells this time!"

To say I was surprised would be an understatement, as it appeared to be a nice vehicle with no issues. I had no prior knowledge or experience with that vehicle.

==> It was bid up to $15,000 and was a "no-sale".

[Father&Son73T/A]

When I seen a 1981 Y84 turbo car with 19k miles sell for 63k on BJ..........I knew it was full joke time now.
That said,I attended the 40th anniversary of BJ in Vegas a couple years back,it's one big event.but designed for big money people.
You should see it once in person.Would I buy a car there?,hell no.
The quality of cars I seen there were no where near the prices they were selling for.

[MikeNoun]

Originally Posted by wrongway

Also had Judge eyebrow stripes when it went through, but not in the pictures. They also talked about how "Forest Green" was the replacement color for Verdoro Green in '70. WTF??? Nice car, but once again a B-J oversold car with this quote from the site "correct detail throughout".

I heard that too!

I actually do give these guys a break though. They have to talk about a wide range of cars, from imports to modern muscle, luxury to supercars, antiques to race cars, for hours and hours at a time. It must be hard to come up with interesting anecdotes and stories about every vehicle.

[bsblguy]

I wonder if they could get me twice what my TA is worth?

[Keith Seymore]

Originally Posted by ponyakr

It seems rather odd that I was able to buy a brand new RA3 goat while earning only $1.50 per hour, but now, 40+ years later, I couldn't touch a clean example of that same car.

American musclecars were built so that most any young buck with a job could buy one. Now they are reserved for rich guys, with lots of play money.

I think this is a very interesting observation.

K

[zeebo]

Originally Posted by ponyakr

Did ya'll watch the auction from Reno? A '70 455 ragtop goat sold for over $100k. That's probably what, over 25 times it's original cost? But a black '65 3x2 ragtop goat only brought $42k.

That's still more cash than I have on hand, but seemed low as compared to the 70 model. I reckin I'm just not up on the auction scene. But it seems like it would be fun to be able to sit around and buy any car you happened to like when it comes thru. It seems rather odd that I was able to buy a brand new RA3 goat while earning only $1.50 per hour, but now, 40+ years later, I couldn't touch a clean example of that same car.

American musclecars were built so that most any young buck with a job could buy one. Now they are reserved for rich guys, with lots of play money.

yup..this is what sucks about today and also why i lament not being born 20 to 25 yrs earlier..anyone in the car hobby wishes that IMO....

[ponyakr]

Originally Posted by Alvin

It was interesting that BJ announced during the Westworld show that there would NOT be an Orange County BJ auction this year.

Instead BJ will be in RENO, NV during the Hot August Nights events.

Must be an excellent back-story to that “No Orange County BJA”…

I assume this auction I mentioned is exactly the same one mentioned in this post. So it seemed to me to be the best thread for it. But if I have screwed up again, ya'll will just have to forgive me again, please.