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Ford 6R80 6 spd
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Fix Motor Mount
Roll Cage Braces
Throttle Body 65mm
Wheel Alignment
Heat Riser Replacement
Vent Window Repair
Center Console Mount
Straighten Bumper
Ford 6R80 6 spd
More Tech...
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Barrett Jackson 2022
- Thread starter ngsd
- Start date
- Joined
- Nov 28, 2001
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- 10,556
I happened to be there yesterday when a lot of this silliness was happening (although I wasn't near the auction floor). I am happy to say that most of the builds are getting better than in years past. I saw one truck that had the classic 'aerosol overhaul' black spray bomb on the underside, one with a missing emblem with pins still stuck in the body, upside Duff arms on another, etc. What I didn't see was a lot of hidden rust and really, really question fab and assembly like in years past. They must've added some special punch to the bidder drinks yesterday for what some of these sold for! A fun day checking out cars with Bronco friends and others.
Todd Z.
Todd Z.
Broncobowsher
Total hack
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- Jun 4, 2002
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- 35,684
Upside down Duff arms, I bet the caster was pretty bad. But the driveline angles shure were nice.
Broncobowsher
Total hack
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- 35,684
Which ones brought the average down? What I saw looked to average $200k?
We were in the staging lanes drooling over the paint on the black Bronco when a guy struck up a conversation with us. He said he sold the red and white '77 at the 2020 auction and the new owner put it back in this years. He had about $95K in the resto so he only made $5K which he thought was great. The new owner didn't change a thing and only put 15 miles on it the last 2 years. Sold it for $150K this year, nice 2 year profit!
He also said the IRS did not 1099 him on the sale. Im not sure what he did with the proceeds but I've always been curious if these flag a capital gains tax.
2022: https://www.barrett-jackson.com/Events/Event/Details/1977-FORD-BRONCO-CUSTOM-SUV-251572
2020: https://www.barrett-jackson.com/Events/Event/Details/1977-FORD-BRONCO-CUSTOM-SUV-237101
He also said the IRS did not 1099 him on the sale. Im not sure what he did with the proceeds but I've always been curious if these flag a capital gains tax.
2022: https://www.barrett-jackson.com/Events/Event/Details/1977-FORD-BRONCO-CUSTOM-SUV-251572
2020: https://www.barrett-jackson.com/Events/Event/Details/1977-FORD-BRONCO-CUSTOM-SUV-237101
- Joined
- Nov 28, 2001
- Messages
- 10,556
Since he had it for more than a year, any profits should be subject to long-term capital gains tax.
Todd Z.
- Joined
- Apr 26, 2015
- Messages
- 2,641
I'm sending this to y insurance agent now
1,857 vehicles sold for over $195.9 million, while 1,153 pieces of automobilia brought in over $7.3 million, bringing the total auction sales to more than $203.2 million with a 100% sell-through rate and over 140 world-record auction sales achieved. Through the sale of 10 charity vehicles, we were able to raise over $8.8 million for charity
This purpose built 428ci Baja F100 was my favorite of the entire auction. It was immaculate in person and I would be too afraid to offroad it.
I turned on FYI after getting home Friday night and it was on the block. They were showing the current bidder and he decided it was too expensive but the bidding assistant was trying to get him to bid again. While this was going on I noticed a guy 1 row up who was waiving at the assistant trying to get in on the action. He eventually got his attention and put a bid in and the hammer dropped. 5 seconds later that guy would have missed out on it but instead he took it home for $90K. I wonder how he'll use it.
I turned on FYI after getting home Friday night and it was on the block. They were showing the current bidder and he decided it was too expensive but the bidding assistant was trying to get him to bid again. While this was going on I noticed a guy 1 row up who was waiving at the assistant trying to get in on the action. He eventually got his attention and put a bid in and the hammer dropped. 5 seconds later that guy would have missed out on it but instead he took it home for $90K. I wonder how he'll use it.
Last edited:
OP
OP
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- Mar 2, 2019
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- 2,613
Well I am going to build another one, I guess I will be calling you to add to my insurance!
- Joined
- Nov 28, 2001
- Messages
- 10,556
That was a really neat build! Very nicely done.This purpose built 428ci Baja F100 was my favorite of the entire auction. It was immaculate in person and I would be too afraid to offroad it.
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I turned on FYI after getting home Friday night and it was on the block. They were showing the current bidder and he decided it was too expensive but the bidding assistant was trying to get him to bid again. While this was going on I noticed a guy 1 row up who was waiving at the assistant trying to get in on the action. He eventually got his attention and put a bid in and the hammer dropped. 5 seconds later that guy would have missed out on it but instead he took it home for $90K. I wonder how he'll use it.
Todd Z.
THat 66 truck is killer... I noticed that one as it was going across the block. Was wondering if there was a build for it on the internet somewere.
The mutli-Bronco discount keeps stacking. Buy them all!
carter2772
Bronco Guru
Which one had this? Lmao
carter2772
Bronco Guru
So im curious how BJ works. Using this bronco for an example.
- What does the seller end up with? (as far as $ with the sale price of 161k)
-What fees does it cost to run a vehicle through?
-Is there a reserve?
- With the new tax law, I assume you will have to figure in an income tax now too?
Broncobowsher
Total hack
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- Jun 4, 2002
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- 35,684
The buyer pays a buyer premium, without going back and looking, I think it is 6% of the sale price. They pay that above the hammer price.
The seller pays a sellers premium, I think it is 8%. As in they get 8% less than the hammer price.
On top of that there is a listing fee, hundreds if not thousands depending on the time slot. Simply put, the auction house is making tons of money.
It is a no reserve auction, with rare exceptions. And I mean super special vehicles only. This past year I didn't see any reserves being lifted so it may be back to a pure no reserve auction again.
Contact your tax accountant for taxing, not the internet.
Bring a trailer is only a $99 listing fee, no sellers premium, and buyers premium is much less and capped at a pretty low number. But in the end it is little more than an arranged private party sale. BaT does not do title transfers or collect any money except what they take in for themselves. You can get a reserve, costs more, and you have to convince BaT that you think the reserve is a valid number. If it is higher than they think it will sell for they won't even list it.
The seller pays a sellers premium, I think it is 8%. As in they get 8% less than the hammer price.
On top of that there is a listing fee, hundreds if not thousands depending on the time slot. Simply put, the auction house is making tons of money.
It is a no reserve auction, with rare exceptions. And I mean super special vehicles only. This past year I didn't see any reserves being lifted so it may be back to a pure no reserve auction again.
Contact your tax accountant for taxing, not the internet.
Bring a trailer is only a $99 listing fee, no sellers premium, and buyers premium is much less and capped at a pretty low number. But in the end it is little more than an arranged private party sale. BaT does not do title transfers or collect any money except what they take in for themselves. You can get a reserve, costs more, and you have to convince BaT that you think the reserve is a valid number. If it is higher than they think it will sell for they won't even list it.
carter2772
Bronco Guru
Ya, ive been watching BaT quite a bit the last couple months. Seems like a pretty decent place to sell, and not give half your profit away.
