Barrett Jackson Vegas EBs

[JefeAZ]

Prices include fees and are all over the place on these. I bet the green one would have sold for $5k-10k more without that pre-runner bumper, diamond plate and seats. Amazing how high the silver one went, looks very clean

http://www.barrett-jackson.com/Events/Event/Details/1973-FORD-BRONCO-4X4-186939

$16,775.00

http://www.barrett-jackson.com/Events/Event/Details/1977-FORD-BRONCO-4X4-SUV-187372

$44,000

http://www.barrett-jackson.com/Events/Event/Details/1969-FORD-BRONCO-4X4-187287

$34,100

http://www.barrett-jackson.com/Events/Event/Details/1971-FORD-BRONCO-4X4-187095

This doesnt count but why?!?!

http://www.barrett-jackson.com/Events/Event/Details/1967-FORD-MUSTANG-CUSTOM-FASTBACK-187530

$25,300

 

[Whoaa]

It is interesting comparing the variety of different prices, however each Bronco has a little something different about it. I figure it all works out in an average. The demographic's of who's buying and selling at these highly promoted auctions is also very interesting...but a different subject.

Classic Bronco's, hot rod's and other collectable car's will always fetch a premium -no surprise there.
*** However what I find most amazing is the national auction fee's. Obviously they're spending a LOT of marketing dollars and focusing on a very small audience.

Meantime, local and regional [car] auction fee's remain about the same. I have found this true for both wholesale (dealer') auctions and retail (public) auctions. And of course public auctions are padded w/ more fee's, and therefore result in more NET "fee's" to the auction company in the form of profit.

When you buy a $40k car at the Barrett Auction, there are some steep fee's to be paid by BOTH the seller and the buyer. And depending on circumstances, the sale/purchase of this $40k ride will result in additional fee's to the auction company of about $8,000.
It seems like the auction business is a good business for making money, however I can't say w/ confidence that these highly promoted, high-fee, car auctions are actually doing much good for the average casual car collector.

 

[AZ73]

Being fortunate enough to live in Scottsdale, we get 5 or 6 major auctions here in January (although I wish we'd get Mecum).

Barret Jackson seems to attract more collectors looking for original vehicles. There's a scattering of folks that like modified vehicles. It's the wrong auction to sell a Bronco that's got pre-runner set-up. There are the exceptions for VERY well done high end versions.

Modified Broncos do better at Russo and Steele. Different clientele.

 

[JefeAZ]

Interesting. We've been BJ Scottsdale every year since 2007. We've always wanted to do BJ in the morning and R&S in the afternoon but you just cant see BJ in less than 6 hours. Plus and we're beat by 3pm anyways

Never paid attention to R&S prices. Ill have to check that out.

 

[Mustangs2]

Wow...I was at a Mecum Auction in Kansas City April 24-26, 2014.
That red '69 Bronco sold for $48,000 before fees. Almost $54,000 with commision.
It was built by a company in Joliet, Illinois named JFB Resroation. The truck is still on their
Facebook page. I just looked it up and checked my pics to make sure it was the same Bronco.
Sold on Friday April 25, 2014 Lot F171...Interesting...

 

[AZ73]

Interesting. We've been BJ Scottsdale every year since 2007. We've always wanted to do BJ in the morning and R&S in the afternoon but you just cant see BJ in less than 6 hours. Plus and we're beat by 3pm anyways

Never paid attention to R&S prices. Ill have to check that out.

Both auctions run multiple days and they're right down the street from each other. Spend one day at one, and another day at the other. Then for some REALLY expensive and rare cars, head over to the Biltmore to see the RM Sotheby's auction. Barrett brings in big money on some cars, RM brings in big money on EVERY car. Plus the autioneer is a real character.

 

[DirtDonk]

...It seems like the auction business is a good business for making money, however I can't say w/ confidence that these highly promoted, high-fee, car auctions are actually doing much good for the average casual car collector.

That's a fact. Just look for a YouTube video of one of the co-owner's garages. It's a who's who of cars, and probably about $20 mil worth ("more at auction"%)) in just the one roundhouse garage in Pheonix.
Saw a show on one of the usual TV networks (Velocity maybe?) that showcased his place. Amazing.

so yes... Business is good.

Paul