Several eras have passed by...many of the ppl who bought brass era cars for mega-bucks have passed on.

Ppl today don't know diddly about cars from the teens, 20's, 30's, even the 1940's, and want something that can be driven at highway speeds.

They want the same things as new vehicles have...power everything.

Look at all the ppl here who convert their old trucks to P/S.

My gawd...before the advent of P/S in 1951...women used to drive and park the 20 foot land yachts of yesteryear...now the grandsons are whining..."Mama mama...my truck is too hard to steer."

Balderdash.

Anyone that would buy a clone of an original, paying mega-bucks in the process needs to take a course in Reality 101.

I just can't fathom why anyone would be stupid enough to pay mega bucks for these piles. Only a few years ago, these clones were called FAKES, and were next to worthless.

Wait'll gas hits 5 bucks a gallon...when it does, the bottom will fall outta the old car market. Anyone stupid enough to have paid big money for these piles will be left holding an empty sack.

What many ppl don't realize is...the market has already began dropping.

Look around you at car shows, and auctions...what do you see?

Shiny cars and grey hair...same thing at gun shows...more grey hair.

Another era has passed, many ppl today aren't into the same things that the 50 something crowd fueled for years.

 

Ya, only problem is the people that bought those cars SURELY don't worry about gas prices!!

Alot of people can't believe I wheel my ol B model mack around WITHOUT power steering, and park my 40ft trailer on a dime using it. NO a/c, NO cruise, no power anything. Lord knows it has TWO sticks to shift too!

 

"Wait'll gas hits 5 bucks a gallon...when it does, the bottom will fall oughtta the old car market. Anyone stupid enough to have paid big money for these piles will be left holding an empty sack."



Just one flaw there the people that do pay the big bucks dont care how much gas is. but i do agree that people who complain about no P/S need to get a life. I also dont think that these cars are worth what they are going for, BUT they ARE going for that so they ARE worth that much. "Something is only worth what someone is willing to pay for it", not what YOU would pay but SOMEONE. if you had $10 billion why would $500,000 matter. Would i spend that much HELL no, but someone will so that is what it is worth.

 

LOL...that reminds me of the C&W song lyrics..."Give me 40 acres, and I'll turn this rig around...it's the easiest way that I've found..."

A well maintained steering gear box and properly inflated tires will go a looong way to improving steering conditions.

While I have no klew what a B Model Mack is, I do know about 1930's cars, because I presently own a 1934 and a 1939 Packard, and have owned dozens of other cars from the 20's thru the 1940's.

Both the Packards are originals, and neither has power anything....thank gawd!

Ppl that pay mega bucks for old rides, prolly finance them.

There aren't too many ppl today, regardless of the hype, that can afford to lay out several hundred grand for anything.

When the bottom falls outta the old car market....

Fact: Over 80% of the new vehicles sold today are either financed or leased.

 

Ya know what??? Stupid people don't have 3 mil to spend on a clone or anything else!!!! Most of these people have worked very hard and are very successful in their given career choices and now have the money to spend on what they want....

If it's that easy to fool them and you can build a $20,000.00 clone and get it sold at a big auction for $3 mil.... I'd suggest a career change!!!!!

The majority of the cars sold the first 3 days of the auction bring something closer to real world prices... If you have a car that will meet the standards of the cars there then you should by all means get it consigned for one of the major auctions!!!!

As mentioned $5.00 gas won't effect these people in the least, most of the 6 figure auction cars are going to museums and private collections, few will ever see the street. Though the big huge GM bus that sold for $4 mil last year did get driven from the auction site in Scottsdale to it's new home in Chandler.... If you've never been to the B-J auction you should put it on your list of places to go, it's a blast and also a real nice place to hide out from the cold weather for a week!!!!

Perhaps one could detect just a tinge of jealousy?????????

 

Are the cars REALLY worth that kind of money?

Hell no, because in reality.....only a few ppl can afford them...so it's a specialized market.

The average Joe will never own one.

When the ppl that can afford to pay those ridiculous prices move on to something else, or pass on...what'll happen to the values?

They'll sink faster than the RMS Titanic!


LOL...Am I jealous?

Hell no, if I can't pay cash, I don't buy it...and I haven't financed anything since 1974.

It's all a matter of particulars...invest your money wisely...invest in things that make money, not by paying mega-bucks today for some old rolling pile of miseries. That's a terrible investment.

NOTHING made in the last 20 years is worth collecting...nothing.

btw: In 1971...I paid 7 big ones for a 1934 Packard V12 Convertible Victoria, body by Dietrich. Ppl thought I was nuts.

What's this car worth today?

Prolly close to a million five. It's one of three built, and one of two remaining.

That was a great investment!

Nothing in the way of vehicles bought at today's prices will realize that much profit...nothing.

 

Jealousy? NOT EVEN CLOSE.

We all like to have the money to throw at "objects" like that. It's all relative to who the buyer is. I can't afford $50k to build the car let alone the $3mil to buy it at an auction. I'm just a blue collar working stiff that has spend the last 20 yrs building to what I have now. Still nothing to brag about, but it's all mine.

I watched B-J a couple years ago, I watch THREE '67 Vette roadsters go thru. Two on Sat went $330K, the third on Sunday for only $70K. All 427, red, lazer stripe, etc. The money was gone on Sunday, so you could buy it for the actual reasonable worth. Typical auction, you outbit your opponent. This does NOT show any TRUE value of a vehicle, only what someone is willing to pay.

Bill, the truck is my avatar. They were king of the road in the 50's and are pretty popular today as collector trucks go. Mine's a 1959 and still all original drivetrain. I drive the wheels off it all summer long pulling my race car trailer.
Here's me driving it: http://www.youtube.com/watch?v=9KhPcDMGRxw

 

One of my wifes relatives has one a those, it's a dump truck made prolly around 1954, and it's mostly original.

btw: A friend of mine's grandad was the designer of the Mack Bulldog hood ornament. He's a Studebaker Golden Hawk collector and every one of his cars has a Bulldog on the grille shell.

To me, the pen-ultimate Mack is the AC Model.

I always wanted an original Packard truck made from circa 1910 thru 1923.

These behemoths rival the AC Mack 'Bulldog' in size.

What the hell I'd do with it, I dunno...it's too big to park in the living room!


I've attended car auctions since the 1970's, and know how they work.

I've never bought anything at one of these auctions...where shilling is a way of life. The same shenanigans are occuring on ebay.

IMO, ppl that buy anything at car auctions are nuts...you just don't know who's bidding = aka = boosting the prices.

btw: If you look at old cars sales histories over the past 40 years, you'll see cars that once sold for 6 and 7 figures, bringing today...less than half those prices.

It's all about what's hot, and what ain't.

It has little to do with actual values.

 

Can you imagine the money made by Barrett/Jackson, a 10% buyers premium and the sellers pay an 8% commission, plus the price of getting thier car there.

B/J may have some expense with the arena and the show but I am sure Speed channel offsets that with advertising dollars.
Either way B/J are the real money makers.

I heard them say one one of the cars that was sold 9cant remember what one) had a 50,000 build cost and the car brought low 20,s. What a disappointment to the seller of that one.

 

I'm guessing BJ won't beat last year's numbers. Today, a 1969 Torino Talledega 428 SCJ, one of about 700, sold for $44,000. Even the announcers were stunned as they expected it to hit six figures.

 

The funny thing is after that guy paid 3 mil for the hemi clone he still had to pay BJ another 10%

Wow, I'll bet my 67 F250 is worth at least a mil!

 

I took several muscle cars to the Kruse auctions in the 80's. Just clean drivers, not trailer queens. (New paint, upholstery, carpet, tops, tires etc). '67-72 Mustangs, Camaro's, etc. Sure wish I had them back to sell now...

 

I would like to see if he could get his money back at next years BJ for that clone?

I have a friend with some swamp land in FL, I wonder if this guy would buy it???????

 

Back then we had to pay $200 to get the car in, and then a 10% sale fee. Needless to say, I sold a few on the street after the auction. More fun to watch tho, when they dont have any "reserve" on the cars.

 

Friends, a lot of these buyers are collectors and operate on a line of credit from a bank that would probably exceed the combined income of any 10 of us..... Cash or credit? Who cares???? Both are determined by net worth and the majority of the Friday and Saturday night buyers are well into the 7 digit net worth numbers....

Shenanigans??? Well, if you say so... I've been to the BJ auction and a few of the other big name ones. When you win the auction your proceed to the office and pay for it.... No shenanigans. All your paperwork has to be filed before you even get a bidders number. These folks don't run them like some repo auction in Hometown, USA. They have been scrutinized and investigated by every one who is anyone in the world of finance and all transactions are on the up an up..... When you sell a car at these auctions, you receive your check the next day..... Don't know what auctions you are referring to with all the under the table deals, but it sure as heck isn't this one!!!!!!

Actual value is a number determined by the buyer and the seller, not some idiotic book in the library. Some lose value, some gain value. Same thing happens all day every day in the stock market, Chicago board of trade, commodities market, money market, or most anything in the free enterprise system.

What the heck is so bad about someone paying $100,000.00 or more for a car that YOU THINK is only worth $10,000.00????? The guy who bought it feels that it's worth that to him and that's all that matters!!!!!! Just because some book or someone else thinks my pickup is only worth $5k isn't going to get it because to me it's worth $20K. Doesn't matter a bit to me---it's my truck, and I set the value. The buyer has to want it more then the seller, that's what sets the REAL VALUE!!!!!

I've bought and sold many cars at auctions over the years, some big time and some small auctions. As with any transaction in any marketplace, the term "let the buyer beware" is the key..... Doesn't matter if your buying one from Joe's Junker Lot in the Ghetto, or bidding from one of the skyboxes at Barret-Jackson..... The ONLY difference is how many of them Dead President's change hands!!!!!!!