2010 Cobra Jet - No Reserve

[rx dealer]

SOLD $62,700..i think someone got a killer deal and would not surprise me if it goes for sale at a much higher price on racing junk or ebay...I wish i was there , it would have been mine...Luke SS 311

[Larry Fulton]

Originally Posted by ALMACK

Lets see....
The car is too new to be a "legend" , so the inflated value perception should be lower than a 40 year old big block car.

I predict $ 57,000........

I'll be, YOU hit it right on the head @ $57,000!!! ($62,700 w/fees and bs).

"Well Bought"

[Lew Silverman]

I'm always cautious using the hammer prices at B-J to establish market value, the circus atmosphere affects it too much. After all, they sold a VW van this weekend for $200K-plus! That's COPO money!

[X-TECH MAN]

LOL.....and so it goes !

[bigshow2966]

There is a very real chance that the owner bought it back if it was a TV sale. If you want your car to auction on TV you have to have a "no reserve" sale, but B-J does let you bid on it and buy your own car back if it doesn't bring what you want. They only charge you the seller's fees, and waive the buyer's fee.

[Lew Silverman]

Originally Posted by bigshow2966

There is a very real chance that the owner bought it back if it was a TV sale. If you want your car to auction on TV you have to have a "no reserve" sale, but B-J does let you bid on it and buy your own car back if it doesn't bring what you want. They only charge you the seller's fees, and waive the buyer's fee.

That's interesting! You can bid on your own vehicle and drive the price up and BJ get's it seller's fee no matter who win's it??

About as on the level as pro wrestling!

[X-TECH MAN]

I personally would NEVER buy or sell a vehicle at an auction because of all the fee's involved in the first place.

[Jeff Lee]

Originally Posted by bigshow2966

There is a very real chance that the owner bought it back if it was a TV sale. If you want your car to auction on TV you have to have a "no reserve" sale, but B-J does let you bid on it and buy your own car back if it doesn't bring what you want. They only charge you the seller's fees, and waive the buyer's fee.

You are NOT allowed to do this...BUT...it does happen. If r/u bidder catches wind of this, there could be problems if he wants to push it.

[Philip Saran]

I went back yesterday (Saturday) with my wife and we watched some
of the auction action.

There was a Mustang Vert, custom with blower motor, that was built
to raise money for Darrel Guinn's (sp?) foundation to raise money
for wheelchairs for kids and it only went for $105K and it stalled at
$100K for quite a while. And then the "big" money spent on the VW's.

[Ed Fernandez]

Originally Posted by bigshow2966

There is a very real chance that the owner bought it back if it was a TV sale. If you want your car to auction on TV you have to have a "no reserve" sale, but B-J does let you bid on it and buy your own car back if it doesn't bring what you want. They only charge you the seller's fees, and waive the buyer's fee.

The buyer was a guy named Bob Johnson,a so called "big collector",from Georgia.
Hopefully the seller took it in the shorts.I'm sure Mr Johnson has no intention of using the car for it's intended purpose.As far as market value does this mean all the guys who bought factory racecar mustangs paid wayyy too much for them?:>):>)