Every year in January a few friends and I gather around a big screen TV and make a weekend of watching the Barrett-Jackson Auction. For a few years, due to the economy the car collection market has been idle, for lack of a better term. In the pre-2009 economic down hill spiral, the collection car market was strong, and auctions like Barrett-Jackson did very well.
Turn the clock forward to present day and it seems from viewing the past few days that the collectors are back and ready to spend some money. A bidder has to pay a registration fee of $500 (A Pre-Registration discount price of $400 is available for applications received by December 10, 2012). On top of the closed auction bid the buyer has to pay an On-site Buyer’s Premium of 10% or Absentee Buyer’s Premium of 12%.
Here are the top 5 sellers for Friday:
5. There were 4 cars tied for 5th place: $165,000*
- 1970 OLDSMOBILE 442 CUSTOM CONVERTIBLE – This car has an engine built by Mondello with 475 cid stroker motor.
- 1961 CHEVROLET CORVETTE CUSTOM CONVERTIBLE – This car has a modern 2012 LS3 engine.
- 1966 CHEVROLET CORVETTE CUSTOM CONVERTIBLE – This car has a New LS3 Cammer engine with 500hp.
- 1970 SHELBY GT500 CONVERTIBLE – This is one of six 1970 Shelby GT500 convertibles built-in any shade of yellow, and one of one built with yellow color Code S4.
4. 1957 CHEVROLET CORVETTE CONVERTIBLE – 4th most expensive car for Friday at $193,600* – This Corvette is equipped with Rochester fuel injection and the world-famous Duntov camshaft.
3. 1970 CHEVROLET CHEVELLE LS6 CONVERTIBLE– 3rd most expensive car for Friday at $198,000* – This 1970 LS6 Chevelle convertible has an engine producing 450hp+.
2. 1968 SHELBY GT500 KR CONVERTIBLE – 2nd most expensive car for Friday at $209,000* – Original documents are included. 42,170 actual miles.
1. 1970 CHEVROLET CHEVELLE LS6 CONVERTIBLE – the most expensive car for Friday at $220,000* – One of 28 LS6, 4-speed convertibles and one of five exported to Canada.
* price includes buyers premium
Stay tuned for Saturdays top five…….
- GM’s CEO is auctioning off 1958 Corvette to help Habitat for Humanity (usnews.nbcnews.com)