A beautiful 64 E-type roadster just sold for $105,000. Even considering the buyer’s premium I’m surprised at the relatively low price.
Steve
67 OTS
Wow…I think I am even HAPPIER I sold Tweety when I did.
Not the crowd that can appreciate these fine cars.
Um…huh??
I think B-J folks know cars, including Jags, quite well!
I think the disappointment lies in that maybe, just maybe, folks with that kind of money, think E Type’s are their Grampa’s dream cars.
Which they are.
This cycle repeats, every generation.
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A low class thing to say on an E-Type forum of current owners when you don’t even own one.
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Wiggles, not so sure I agree, that can be said for any car more than 30 or 40 years old?
BJ is not the place to sell European cars. They just don’t have the track record there. RM, Sotherby, Russo, etc do much better.
Than again, if the car was not exceptional, it is a quick way to sell.
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Um…that I did own one, for 51 years, disqualifies me on offering my * opinion* on my own freakin’ car’s selling price?
Wow.
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I’m hoping it’s the beginning of a trend. My insurance rates will come down if I can replace my E for less than its current valuation, and maybe I’ll finally get another chance to score that S1 coupe I’ve been horny for and not break the bank. Why is it owners who have no intention of selling their cars delight in higher and higher valuations? Is it a status thing?
However, the BJ auction is precisely one data point, not a harbringer of collapse. Relax.
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I think it’s a comment on the market, which has clearly cooled.
No issues with that post IMO.
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I’ve mentioned this before, that the car hobby is subject to the fickle finger of fate - tastes change and no one can really predict the future value even of stalwart collector cars.
Barrett Jackson is an event that has buyers flying in from all around the world for each of their many auction event locations. Its not just the local cowboys - and they do big business with online bidders. If anything I have been amazed at how many European cars run through their lanes. Maybe Amelia Island would have been a better venue, but even people like Wayne Carini have bombed after carefully selecting the “best” auction venue.
For the Jaguaristas in a panic - relax, this is just one car, wait for other auction results if your E type is your 401K. One of the things I can tell you about televised car auctions is that when you can see the specific car in person then you get a better sense of its true condition. This car may look beautiful on your T.V. - but what is it like in real life? Virtually all of the restoration and custom shops can tell you stories about auction cars arriving at their shop revealing a host of issues. It is also possible that this E-type was honestly presented and bid accordingly.
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I recall an explanation by Warren Buffet as to why he does not celebrate when the market goes up.
Something to the effect that he plans on eating hamburgers the rest of his life so why would he want the price of a hamburger rise? He also plans to buy stocks the rest of his life so he has no reason to want the price of stocks to go up.
I’m with you - more likely to buy than sell, meanwhile paying higher insurance premiums due to the rising prices.
At coffee this morning one of the lads said that one of our other mates took a $100,000 bath on the cars he consigned this time.
Not sure what cars he took down but he does have an esoteric Porsche and a super low mileage Lamborghini I know of.
Oh well he’s got too much money anyway …
So far the biggest turkey of this Barrett-Jackson was the Barris Kustom Motley Crue Cadillac “Kargoyle” tour hearse. It was an awful car really, Barris’ son shouldn’t have been surprised that the car had trouble making $30k (he seemed upset at the time).
Wayne Carini sometimes makes money at auctions and sometimes loses money. It is a numbers game, and the only way to consistently make money over time is to spread your risk over a number of cars.
At least with collector cars you get more than a unique set of 1’s and 0’s of the so called cryptocurrencies (which are not really currency).
Yeh but BJ’s is definitely the place to buy a foreign car. I’m amazed at the prices they are getting for American muscle cars and 23 window VW vans. Doesn’t everybody want a 38hp van that will haul 8 people - slowly?
Bring a Trailer auctions on exotic cars has a good track record. The great thing about BAT is for $99 you can list your car with a reserve and if it doesn’t make reserve you’re only out $99.
I wouldn’t even think about selling an E Type at BJ. It’s just not the right crowd for these cars.
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Imma stick a Porsche badge on mine before I sell it.
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People delight in the higher valuations because they enjoy paying higher taxes and insurance. It’s a masochistic thing. People who struggle with old cars are probably somewhat masochistic.
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That’s probably a quite rational theory.
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Before everyone panics a 1967 4.2is coming up and RESTORED!
The last thing BJ does is sell cars…
Booze, Broads , charities and local politics come first.
Most Jag owners don’t do BJ , They wont spring for the tickets or hotels…bahhhhhh haaaaaa
So hold on penny pinchers once the all synchro goes on the block you might see an improvement.
Who cares anyway, your all on borrowed time as it is…
Baaaa haaaaaaaa
I’m having fun tonight, my Viagra kicked in early.
GTJOEY1314