BAT Craziness

[ngsd]

thank goodness it has an hour meter! that's a first i've seen on a car of any sorts!

I had one that had an altimeter on it. A first for me!

 

[ngsd]

As the BAT prices start settling down, BJ comes through with another headscratcher. Not sure if this was the actual bid or charity but for 308K, I would want the body lines to look a little better than this.

1971 FORD BRONCO CUSTOM SUV - Barrett-Jackson Auction Company - World's Greatest Collector Car Auctions

Sold* at Palm Beach 2024 - Lot #700 1971 FORD BRONCO CUSTOM SUV

www.barrett-jackson.com

 

[Ro_Ja Boy]

It means it sold for $280 plus $28k buyer fee. Headscratcher indeed.

 

[ngsd]

It means it sold for $280 plus $28k buyer fee. Headscratcher indeed.

Yes I get that but was not sure if the auction itself was a charity auction or if this was full boat bidding. If so, that is CRAZY

 

[Ro_Ja Boy]

Yes I get that but was not sure if the auction itself was a charity auction or if this was full boat bidding. If so, that is CRAZY

Understood. I believe it to be a normal auction.

 

[ngsd]

All it takes is two buyers that are hungry for a win! Market is softer but these prices are more like last year.

https://bringatrailer.com/listing/1973-ford-bronco-204/

https://bringatrailer.com/listing/1972-ford-bronco-166-2/

https://bringatrailer.com/listing/1971-ford-bronco-165/. (this one I understand!)

 

[Scoop]

There are ten (10!) early Broncos listed right now. They used to pace them out a bit. When I sold mine on BAT there was only 3 or 4 listed at any one time. Seems like they're flooding the market but still getting some pretty high prices.

 

[BGBronco]

Another big sale yesterday. https://bringatrailer.com/listing/1973-ford-bronco-204/

 

[cannunz546]

I'm going to list one of mine on BaT soon. I sold another Bronco on BaT last fall and it went okay. I am just going through the initial dance with them. They have accepted the vehicle to list already, though.

 

[toddz69]

All it takes is two buyers that are hungry for a win! Market is softer but these prices are more like last year.

https://bringatrailer.com/listing/1971-ford-bronco-165/. (this one I understand!)

Sold from one CB member to another!

Todd Z.

 

[ngsd]

Sold from one CB member to another!

Todd Z.

I tried but they wanted it more than me!

 

[ngsd]

Another big sale yesterday. https://bringatrailer.com/listing/1973-ford-bronco-204/

Yes that was big money. I have one that looks the same but probably has 30k more into it that I would have been very happy with that sale price!

 

[Bishop Odo]

I'm just discussed, I'm trying to find a project, that makes sense, 10,000 for a vin, 15000 for a body, is nuts. I keep hearing, I'm into it for x dollars. I'm not going to pay for your mistakes, because you don't know a crescent wrench from a pipe wrench. Bronco's are not a 401k for retirement, and a lot of people are going to find that out the hard way.

 

[Ro_Ja Boy]

I'm just discussed, I'm trying to find a project, that makes sense, 10,000 for a vin, 15000 for a body, is nuts. I keep hearing, I'm into it for x dollars. I'm not going to pay for your mistakes, because you don't know a crescent wrench from a pipe wrench. Bronco's are not a 401k for retirement, and a lot of people are going to find that out the hard way.

I don't follow the logic. I can't wrap my head around why the cost of the VIN (the frame I assume - with a title) would go down in cost and a clean body, same thing.

I don't imagine that people are buying Broncos as investments, persay. I think some people are surprised when their $250k Velocity, Vintage, etc. Broncos sell for less than $200k...but that's where the Market is and imagine most people buying $250k+ Broncos can still sleep at night losing $75k on a toy.

I would hope at least...

 

[mebco09]

I'm just discussed, I'm trying to find a project, that makes sense, 10,000 for a vin, 15000 for a body, is nuts. I keep hearing, I'm into it for x dollars. I'm not going to pay for your mistakes, because you don't know a crescent wrench from a pipe wrench. Bronco's are not a 401k for retirement, and a lot of people are going to find that out the hard way.

Wow. Just because it doesn't make sense to you, doesn't mean it doesn't work for someone else.

Maybe you should be looking for a Bronco 2 or a Scout or a Willys. Plenty of cool projects that aren't Broncos out there.

 

[Bishop Odo]

interesting, like I said preaching to the choir, but telling me to buy something else, considering I have been a member of this forum since 2012, and have owned broncos and Shelby's, so to hint its only because I can't afford it is funny.

There is a concerted effort to reassure current owner of Broncos that classics Bronco have value and will not lose said value, due to the new Gen. These reassurances are subtle, and dropped into video and written posts, but there are many. There is a bubble, and time will tell. I will say this again, Cars, and Broncos are not sound investment, for children college funds, or 401ks, and you might be young, I don't know or really care. My logic is perfect and impassionate. I'm NOT trying to sell anything, not a life style, being fashionable, or used cars.

 

[mebco09]

interesting, like I said preaching to the choir, but telling me to buy something else, considering I have been a member of this forum since 2012, and have owned broncos and Shelby's, so to hint its only because I can't afford it is funny.

There is a concerted effort to reassure current owner of Broncos that classics Bronco have value and will not lose said value, due to the new Gen. These reassurances are subtle, and dropped into video and written posts, but there are many. There is a bubble, and time will tell. I will say this again, Cars, and Broncos are not sound investment, for children college funds, or 401ks, and you might be young, I don't know or really care. My logic is perfect and impassionate. I'm NOT trying to sell anything, not a life style, being fashionable, or used cars.

I said nothing about your financial situation. Not my business. However, when someone complains about the cost of projects being too high, maybe looking at a cheaper project is the answer. It's not necessarily about ones ability to spend money, but more about their desire to spend.

There are bubbles in everything right now. It's called inflation. New pickups for $100k, ski boats for $200k. Lots of examples where prices are up 50%, so why would Broncos be any different? Point is, like it or not, your money is worth less. I'm afraid a lot of bubbles are here to stay.

My suggestion to buy something else is more directed at 4x4s that I see that look like better deals relative to Broncos right now. My HS kids think Bronco 2s are really cool (I shudder), Scouts are harder to find, but I've seen quite a few reasonably priced rigs lately in the NW. And Willys and CJ are a bargain right now, relatively speaking.

 

[Bishop Odo]

Economics 101, bubbles are cause from a glut, over production of an item's perceived value, Inflation is cause by devaluation of currency, i.e. cheap money... that is why the Fed raises interests rates, restricting the money supply, that is Macroeconomics.

 

[mebco09]

Economics 101, bubbles are cause from a glut, over production of an item's perceived value, Inflation is cause by devaluation of currency, i.e. cheap money... that is why the Fed raises interests rates, restricting the money supply, that is Macroeconomics.

Huh?

How do you produce a glut of value?
Don't you mean excess demand? If there is excess demand, prices rise. Uncontrolled demand, then bubbles are created. Do you see uncontrolled demand for Broncos? I don't.

I'm not talking about the cause of inflation. I'm telling you that the whole economy is experiencing rising prices due to inflation. And I would say that the whole economy is in a bubble...that may never pop. The word for that is hyperinflation.

Why do you think we are "overvaluing" Broncos when the inputs to build them have gone up?

 

[Bishop Odo]

Huh?

How do you produce a glut of value?
Don't you mean excess demand? If there is excess demand, prices rise. Uncontrolled demand, then bubbles are created. Do you see uncontrolled demand for Broncos? I don't.

I'm not talking about the cause of inflation. I'm telling you that the whole economy is experiencing rising prices due to inflation. And I would say that the whole economy is in a bubble...that may never pop. The word for that is hyperinflation.

Why do you think we are "overvaluing" Broncos when the inputs to build them have gone up?

I think, you have misread that part of my post.