Barrett Jackson - Scottsdale 2021: 1962-70 Shelby American vehicles

[CharlesTurner]

Thanks, Brian!

Side note: I cannot believe the recent prices for 68 GT350 convertibles. Great cars, and it's amazing how much they are bringing.

That red one was a color change (from Lime gold) with 25 year old paint and driver grade... 

[98SVT - was 06GT]

CSX6124 https://www.barrett-jackson.com/Events/Event/Details/1965-SHELBY-COBRA-CSX-6000-ROADSTER-245177 $217,800
CSX4031 https://www.barrett-jackson.com/Events/Event/Details/1965-SHELBY-COBRA-CSX-4000-ROADSTER-245432 $209,000

Carroll's Personal Super Snake CSX3015 https://www.barrett-jackson.com/Events/Event/Details/1966-SHELBY-COBRA-427-SUPER-SNAKE-245431 $5,500,000

This is the 3rd time Barrett Jackson is selling the car. They are the only ones to have sold it - since the IRS - and they have made far more money on each sale than the car's original build cost. A couple more auctions and Craig will have made enough money on commissions to buy it for zero out of pocket.

[Coralsnake]

The nay sayer is here! 

These auction threads are becoming as predictable as the "where is the next SAAC convention?" threads.

Auction prices have historically been 30-40% over full retail. Subtract that from the numbers posted.

Time for a reality check - 1968 and 1969 convertibles were routinely selling at auctions for over $350,000.

The six digit numbers are attractive, but certainly not unheard of.

[1969shelbygt350]

So far 68 and 69 selling pretty strong! Since last two auctions!

[Rukiddin]

Sure,I want to sell my car at the lowest possible price......Sorry,I will go with best possible dollar amount. Sure,I could offer at local yard sale for best offer,but will take the BEST offer at best venue available to me. The market changes from month to month....coast to coast.....serious sellers will seek serious buyers. That is why the Conolec Shelby is at BJ,not BAT. LET THE HIGHEST BIDDER WIN........
Just what is "retail" ?
I missed out on the 68/69 verts over $350K  damn it. When where was that? It is possible in the future.

[CharlesTurner]

The nay sayer is here! 

These auction threads are becoming as predictable as the "where is the next SAAC convention?" threads.

Auction prices have historically been 30-40% over full retail. Subtract that from the numbers posted.

Time for a reality check - 1968 and 1969 convertibles were routinely selling at auctions for over $350,000.

The six digit numbers are attractive, but certainly not unheard of.

Pete: Where are you getting all this private sale data that supports this?  I think your nay sayer posts are also as predictable... 

[Coralsnake]

This is very easily explained and I will do that for you

I define full "retail" as the price you can buy one of these cars for any day of the week. You can find these cars at dealerships and with brokers.

Retail is above private sale prices. If a dealer sells a car they are marking the car up to make a profit and cover their expenses. That seems pretty straight forward to me.

I just watched a 1970 fastback sell for $198k. Sounds great! I have also been saying you can expect to pay plus 40% when they go to auction. My guides haven't changed from that statement in 20 years.
Lets see subtract 40% for 198k and you have full retail. Not a high price...an auction price.

I am not telling people how much to sell their cars for, quite the opposite. If you do your homework you wont spend $198k for a car you can buy for $140k.

Are there outcasts and strange things -absolutely.

Where are the private sales coming from? I have been watching the prices for 68/69 Shelbys for 35 years.

If you want to believe the hype, feel free. Maybe you have different observations. Doesn't bother me a bit.

Now on to something more important. Where is next year's convention?

I really hope its the track closest to my house.

😀

[98SVT - was 06GT]

Now on to something more important. Where is next year's convention?

I really hope its the track closest to my house.

😀

You may have to move every year to make that happen.

[Rukiddin]

In the late model auto business dealers many times buy their inventory at auctions (for dealers only,not street people) and then mark the price up to meet market price. I wholesaled cars for years and could watch market change from area to area. Mega dealers like Carmax still rely on auctions to fill their lots. Weekly reports (Black book,etc) list sale price averages at many levels. Retail is highest,not lowest. Retail takes into account warranties,etc. I believe the Mecum/BJ auctions are still wholesale as most cars are resold again (retail) Hagerty and similar companies track prices to be accurate in many ways. Documenting sales that "happen" between individuals is not considered reliable. We might see anothe '68 Shelby fb break the $200K again tonight. Should that be included in the mix? Every car has a story. Selling the "story" has become the most profitable twist to "value".  2021 will be very interesting.

[shelbydoug]

The nay sayer is here! 

These auction threads are becoming as predictable as the "where is the next SAAC convention?" threads.

Auction prices have historically been 30-40% over full retail. Subtract that from the numbers posted.

Time for a reality check - 1968 and 1969 convertibles were routinely selling at auctions for over $350,000.

The six digit numbers are attractive, but certainly not unheard of.

Pete: Where are you getting all this private sale data that supports this?  I think your nay sayer posts are also as predictable... 

I think The Q got to Pete too? All is lost!

[Shelby_r_b]

Thanks, Brian!

Side note: I cannot believe the recent prices for 68 GT350 convertibles. Great cars, and it's amazing how much they are bringing.

That red one was a color change (from Lime gold) with 25 year old paint and driver grade... 

...wow. Unbelievable. Thanks for the additional insight, Charles!

[427heaven]

 If someone didnt believe the hype why choose BJ as a venue to sell the car, Why hype the car on here that it is at the biggest auction of them all ... Scottsdale! Put it in the typical places, penny saver, auto trader, Hemmings and wait and see what happens for that face to face sales pitch. The reason is the price, that the car could possibly attain. The way classic cars change hands today is a lot different then the old fashioned way of making an add and hope someone calls. Best of luck with the sale.

[sfm5s081]

All big new numbers! They're on the rise. Stock market down, car market up

[2112]

I think The Q got to Pete too? All is lost!

Well, I guess you didn't call him a racist. (Directly)

[Hockeylife]

All big new numbers! They're on the rise. Stock market down, car market up

Stock market down...where've you been?