OT- Barrett- Jackson auction

Just confirms my suspicions.......LOTS OF MONEY and NO COMMON SENSE!!!





DUHHHHHHHHH

Too many guys with giant egos and way to freakin' much money in their pockets. What do these buyers do for a living, anyway?? All I can figure is they're making money off other people's money - do any of them work??? I don't begrudge wealth, but when someone spends $900.00 for a BOLT that no judge will ever see, or $300K for an assembly-line-built car, they can do their money more good by just writing me a big, fat check. And it is the speculators that drove prices into stupid levels in 1989, and again in 2001. Prices will drop, as they always do, but this time, I don't think it'll be anytime soon. Economy is in the tank, my a$$! It's humming along jusssst fine!

Tom, Just remember Common Sense is an oxymoron.

In defense of the "giggabuck" collector car, you have to see what their spending all this cash on. Not the run of the mill Olds 442. But an Olds 442, with the W31 options, professionally restored, COMPLETE with original papers,pictures of trophies from major Car Shows,magazines that had THAT car as the feature car, coupled with the fact that there are only 4 known to exist, and they aren't in as good of shape as this one.



Tell me, what would be the value of a Hudson Hornet, that was DOCUMENTED to have been trailered straight from the factory to the Indy track? Tim Flock was the only person to drive it, and in the 50 laps he made around the track, it set a new speed record each lap. Then they put the car, documentation, and pictures, signed by Flock, in a big box, and shipped it to a secret location, where it just got discovered. Now, what would all that bring at an auction?



I'm guessing somewhere in the "giggabuck" range!

The 35th Auction will held Jan 14th through the 22nd and it too will be on speed channel. I agree with the previous comments and think the only one around that benifits from these is Mr. Jackson



Ron

jsrail wrote:

My friend (a bigwig in the Scottsdale police force) has a Ferrari and a '57 T-Bird going up in this auction. He and a partner fix them up and resell them, usually always making a good profit. They are not in the $200-300K range though.



In my biz we have a term called Fair Market Value, which is defined, generally, under the Internal Revenue Code as "a willing buyer and willing seller." I don't begrudge anyone for selling any car for whatever insane price they get. If we cared so much about prices reflecting costs (or reasonable profit), we wouldn't pay $20 for the Walmart item that cost the manufacturer $0.05 cents to pay a child in a foreign country to make.



This country was built on greed and runs today on greed. If its okay for our government, its gotta be okay for its citizens! :-) Lets all stop being hypocritical, if someone offered you some insane amount of money for your Hudson, most of us would sell.



Jay

Just to let you know, Jay, I agree with you 100%, BUT also wanted to tell you that I am not part of the "most" you mentioned. If you, or anyone for that matter, offered me $100,000 for Doc, I'd turn'em down flat. Sometimes it's the principle and not the money.



Russell

I can remember growing up and going with my dad to other car club members homes and seeing some of their projects. A 32 Desoto roadster, A Plymouth Phaeton, A Hornet convertible and other equally rare and desirable cars. Most of these cars if not all, were complete basket cases that were lovingly brought back to life after years of scrounging, parts sourcing, flea market tramping and junkyard seaching. Alot of parts were reconditioned at home and not sent out for someone else to do. What really gripes my A$$ is that these cars because of auction houses and stock brokers, are totally out of reach of the TRUE CAR GUY. A person who has a vision of the car and brings it back to life. This ultra rich stock broker types have no business possessing these cars as to them it is a commodity, not a hobby or passion!! All they do is push up prices and parts too. My dream car as a teenager would be a 1970 Cuda. Good luck, $10,000 US for a rusted out shell, $500.00 for a used taillight, $2-3 thousand for a decent junkyard fender. This is not because everyone wants these cars, it is just that people see one sell for 350,000 on BJ and they think theirs is worth the same. Not every car on BJ is a one of a kind car!

Better stop ranting now.

Cheers

Aaron: Nice post. You understand where I'm coming from.



I probably have a dozen related stories, but would like to share one in particular with all of you. It's not a Hudson story, but a brand-x one, so y'all bear with me. It's the sentiment that's important, here.



1957: Our story involves a young man of 14 (let's call him Carl, to protect his identity). Carl has an older girlfriend, who, on celebrating her 16th birthday, has just taken possession of a brand new '57 corvette as a gift from her father. Anxious to share in her newfound freedom, she and Carl go out that night in her new car. Carl, experiencing a sense of euphoria known to every car guy the world over, realizes that this is THE car to have and swears to himself that very night that he will one day have a Corvette of his own.



Carl has been running a paper route for the last two years, and per his father, has always saved 20% of every dime he makes. His acquired savings along with virtually everything he makes over the next three years prompts a visit to the local GM dealer.

The car Carl has been eyeing is currently still on the showroom floor: a 1960 Corvette, black on red with a silver cove, fuel injection, both tops and a $4000.00 price tag.



Carl, now 17, walks up to the salesman with purpose and says, "I'd like to have that black Corvette, sir." The salesman looks Carl up and down, and replies, "We'd all like to have that car, Sonny." Carl, a bit perplexed, responds, "You don't understand, sir. I'd like to BUY that car . . . right now." Carl then pulls a massive roll of money out of his pocket and hands it to the salesman.



Fast-forward to the mid-90's. While making a rare appearance at a weekly cruise-in, a well-dressed gentleman introduces himself to Carl, who is proudly leaning against the 'vette. After 40 years—10 years garage-kept, 30 years in a climate-controlled garage—the Corvette sports a recent new black coat with a silver cove, re-upholstered seats, and shows 69K on the odometer. Carl recognizes the man's name as the prominent GM dealership owner in the entire state. The dealer tells Carl that he is most impressed with his car and asks Carl to come by his office to visit with him in the morning.



The next morning Carl meets the dealer, and after a tour of the Corvette dealership, the two resign to the owner's plush office. The dealer takes his seat behind his huge desk, while Carl sits in front in one of the fine leather chairs. The car magnate tells Carl that he has been looking for a Corvette of similar vintage to showcase in the Corvette dealership. "Actually, your 'vette is EXACTLY what I have been looking for, and I would very much like to buy it from you", the owner informs Carl.



"I'll tell you what I'd like to do", the owner goes on as he flips open his business-type checkbook. After tearing out a check and handing it to Carl, Carl is slightly aghast. Staring him in the face is a check, made out to Carl for $50,000. Only a moment goes by, and Carl hands the check back to the gentleman.



"I'm sorry, the car is not really for sale . . . she's actually part of our family as we've had it for so long, you see", Carl says.



"I understand completely. Let me guess, you and your wife went on your first date in that car, maybe your honeymoon?"



"That, and much more. Both my daughters went to their proms in the car. It was my first car. I spent several years saving and paid cash for her when I was just seventeen", says Carl.



"I understand", says the dealer. "Tell you what I'm gonna do . . ." After tearing the first check in half, he quickly makes out another and hands it to Carl. Now Carl is looking at $100,000. Carl is a very modest man with modest means. He knows that he's now in his mid-fifties, has two daughters just starting college, still has a mortgage on his home and hasn't completely figured out exactly how he is going to retire. $100,000 for a middle-class man, such as he is, would certainly go a long way towards securing the future. His daughters’ tuition would be paid, the house could be paid off and there would even be some left-over for investing or even just saving.



Several moments went by, which seemed like several minutes to Carl, but, slowly the check gets handed back.



"That's more than a fair price, mind you, but if I had the money, I can already see where it would be spent: on necessities. But if I keep the car, I'll still have that member of my family that has always been there, but thank you for the offer", Carl says as he gets up to leave.



"I'll tell you what. Let me try one more time. Please, sit back down and I'm sure you and I can come to a mutual understanding", the gentleman says.



The car dealer hands Carl a final check with the amount left blank. "You think of a fair price and just fill in whatever figure should go there", he says.



Carl, perplexed, stares at the blank check for what seemed like an eternity. Finally, he speaks up. "What if I put in a million bucks?"



The owner stares at Carl, then calmly leans back in his chair and clasps his hands in front of himself. After a moment or two, he says, "If that's a fair price . . .", he paused, " . . . just remember that a million has 6 zeroes in it."



Carl, relating this story to me in the late-90’s, said that was the hardest decision he has ever made and one of the toughest acts he's ever committed. But in the end, the check found its way back across the desk. He told me this story while leaning against that black '60 Corvette.



Russell

RL Chilton wrote:

Aaron: Nice post. You understand where I'm coming from.



I probably have a dozen related stories, but would like to share one in particular with all of you. It's not a Hudson story, but a brand-x one, so y'all bear with me. It's the sentiment that's important, here.



1957: Our story involves a young man of 14 (let's call him Carl, to protect his identity). Carl has an older girlfriend, who, on celebrating her 16th birthday, has just taken possession of a brand new '57 corvette as a gift from her father. Anxious to share in her newfound freedom, she and Carl go out that night in her new car. Carl, experiencing a sense of euphoria known to every car guy the world over, realizes that this is THE car to have and swears to himself that very night that he will one day have a Corvette of his own.



Carl has been running a paper route for the last two years, and per his father, has always saved 20% of every dime he makes. His acquired savings along with virtually everything he makes over the next three years prompts a visit to the local GM dealer.

The car Carl has been eyeing is currently still on the showroom floor: a 1960 Corvette, black on red with a silver cove, fuel injection, both tops and a $4000.00 price tag.



Carl, now 17, walks up to the salesman with purpose and says, "I'd like to have that black Corvette, sir." The salesman looks Carl up and down, and replies, "We'd all like to have that car, Sonny." Carl, a bit perplexed, responds, "You don't understand, sir. I'd like to BUY that car . . . right now." Carl then pulls a massive roll of money out of his pocket and hands it to the salesman.



Fast-forward to the mid-90's. While making a rare appearance at a weekly cruise-in, a well-dressed gentleman introduces himself to Carl, who is proudly leaning against the 'vette. After 40 years—10 years garage-kept, 30 years in a climate-controlled garage—the Corvette sports a recent new black coat with a silver cove, re-upholstered seats, and shows 69K on the odometer. Carl recognizes the man's name as the prominent GM dealership owner in the entire state. The dealer tells Carl that he is most impressed with his car and asks Carl to come by his office to visit with him in the morning.



The next morning Carl meets the dealer, and after a tour of the Corvette dealership, the two resign to the owner's plush office. The dealer takes his seat behind his huge desk, while Carl sits in front in one of the fine leather chairs. The car magnate tells Carl that he has been looking for a Corvette of similar vintage to showcase in the Corvette dealership. "Actually, your 'vette is EXACTLY what I have been looking for, and I would very much like to buy it from you", the owner informs Carl.



"I'll tell you what I'd like to do", the owner goes on as he flips open his business-type checkbook. After tearing out a check and handing it to Carl, Carl is slightly aghast. Staring him in the face is a check, made out to Carl for $50,000. Only a moment goes by, and Carl hands the check back to the gentleman.



"I'm sorry, the car is not really for sale . . . she's actually part of our family as we've had it for so long, you see", Carl says.



"I understand completely. Let me guess, you and your wife went on your first date in that car, maybe your honeymoon?"



"That, and much more. Both my daughters went to their proms in the car. It was my first car. I spent several years saving and paid cash for her when I was just seventeen", says Carl.



"I understand", says the dealer. "Tell you what I'm gonna do . . ." After tearing the first check in half, he quickly makes out another and hands it to Carl. Now Carl is looking at $100,000. Carl is a very modest man with modest means. He knows that he's now in his mid-fifties, has two daughters just starting college, still has a mortgage on his home and hasn't completely figured out exactly how he is going to retire. $100,000 for a middle-class man, such as he is, would certainly go a long way towards securing the future. His daughters’ tuition would be paid, the house could be paid off and there would even be some left-over for investing or even just saving.



Several moments went by, which seemed like several minutes to Carl, but, slowly the check gets handed back.



"That's more than a fair price, mind you, but if I had the money, I can already see where it would be spent: on necessities. But if I keep the car, I'll still have that member of my family that has always been there, but thank you for the offer", Carl says as he gets up to leave.



"I'll tell you what. Let me try one more time. Please, sit back down and I'm sure you and I can come to a mutual understanding", the gentleman says.



The car dealer hands Carl a final check with the amount left blank. "You think of a fair price and just fill in whatever figure should go there", he says.



Carl, perplexed, stares at the blank check for what seemed like an eternity. Finally, he speaks up. "What if I put in a million bucks?"



The owner stares at Carl, then calmly leans back in his chair and clasps his hands in front of himself. After a moment or two, he says, "If that's a fair price . . .", he paused, " . . . just remember that a million has 6 zeroes in it."



Carl, relating this story to me in the late-90’s, said that was the hardest decision he has ever made and one of the toughest acts he's ever committed. But in the end, the check found its way back across the desk. He told me this story while leaning against that black '60 Corvette.



Russell

It's a great story but I'd be at the bank cashing the check! Niels

I’ve seen a ’56 Vette with a personalized plate reading “NT4SALE”