Barrett Jackson and brains?

cicero819 · 01-21-2014, 08:06 PM

1967 Corvette L88 sold for close to $ 4 Millions dollars. These men who bid on these cars at one time or another must have had brain cells to have accumulated such wealth. I don't care if the car was blessed by the Virgin Mary herself it can't have appreciated so much. Considering that Reggie Jackson(former baseball player) cloned a similar Vette for little under $150k perfect with all the paint flaws that came with these cars. I've owned many Vettes: 56(worst car that I've ever own) 66 (nice but lacking in power) 70 rag top 427 tri power(the engine was replace with a 402 and we kept the tri power, nice car to pick up women with but leaked like a sieve) 76,79,80 (nose heavy, great brakes) all these car were bought at the dealership across my house(always in their used and abuse side) so I got to be the local expert for all my friends and I can tell you that everything about bad quality on these car was present every year. look I bought a Super Bird Petty Blue in a yard sale and sold it one week after finishing putting it back a week after for a profit of $3000, I didn't know the price of these cars were going to reach these crazy level. A friend of my brother bought a 67 Corvette big block when he was release from the Army in 68, he saved every penny from his paper route to his Army pay and after his father sign for it, he drove it for 35 yrs, he stipulated in his will that the first generation couldn't sell it and had to past it on to the second generation. He's still around.lol What do you guys think?

X-TECH MAN · 01-21-2014, 08:25 PM

I guess it all in what makes the buyers skirt blow up. Detroit makes mostly JUNK today. They buy these old cars to try to regain their youth. Buying from Barrett-Jackson or Mecum is a waste. Id never do it myself. Buyers fees and sellers fees of 8 and 10 % just sucks. The 70 Model you had didnt have 3 twos unless you put in on yourself. The original engine was a 350 small block or a 454 with 1 carb. I guess its like buying anything old. Id rather have the L-88 Coupe rather than a painting to hang on the wall. But thats just me and I dont have 3 1/2 million plus commisons either. .I have owned 11 of the damn things and raced 2 of them. Most were junk and the 2010 I now have is giving me fits in the computer dept. It has 11 computers. Quiet and smooth riding but still a piece of junk. Since they only made 20 of the L-88's to begin with its kind of rare. Some say only 17 real ones are left. Cant drive it unless you run racing fuel because of the 12 1/2 comp. The L-88 sucks as a street ride as it dosent have a radio or a heater. GM planed it that way to discourage people from buying them for the street. Probably gets 8-10 MPG at best with street gears. Its one of one because of the red on red color. I still like to watch the crazies bid on the cars when I have nothing better to do. Working class people who would rather drive their rides instead of just looking at them would do better to build a clone with lower compression. Thats what Im doing......99.9% of those looking at a good clone wont know the difference. Driving in and out of a trailer at a show dosent do it for me. As the saying goes " A fool and his money are soon parted". But if you has the $$$$$$$$ and can afford it.........go for it.

John Kissel · 01-21-2014, 08:37 PM

A good friend of mine described these events as a bunch rich guys get drunk up a bit,and play "mine is bigger than yours".Why does that guy on barret/jackson always wear those sunglasses inside. I like the Mecom auctions better as they seem to have some affordable stuff and seem like real people.At least it's something to watch, John Kissel

cicero819 · 01-22-2014, 08:54 AM

Terry, you're right I never checked what engine came with the car in those year(just expected it must have been a 427), just happy that the set up was on the car.lol I still would love to build or have a company build me a clone a la Tim Allen(if I had that type of doremi), his 68 COPO was built the way he would of like, if he could have ordered one in those years, look it up on the Jay Leno garage.Claude

bykr · 01-22-2014, 10:11 AM

I agree with you guys that these auctions have turned into an egofest.

Wade Mahaffey · 01-22-2014, 11:21 AM

I like to watch and see some very nicely done cars. I don't really pay much attention to the money, except during the the first couple of days when there are deals to be had. I never had the money that most of you have had owning all of those cars you talk about. So I have to buy junk the build it myself or, as in most of my own race cars build the whole car money permitting. But then again that's the way I like it, because you can enjoy the build and the accomplishment is far greater having built it yourself. Never was crazy about having a 1 of 100 built type of thing. I always have a 1 of 1 built. To each his own, if you can't build it....you have to buy it. At least we all love the car culture.

Wade Mahaffey

Dwight Southerland · 01-22-2014, 11:23 AM

Remember also that this is an entertainment venue. What you see may not be what really happens transaction wise. Few people will watch a ho-hum auction where the sale price for a legitimate collector car is also ho-hum. I believe B-J got called on a televised session a few years back where the actual sale was totally different than what the viewer saw. "Scripted entertainment."

Joe Toller · 01-23-2014, 09:49 AM

For me, Mecum is alot closer to earth.

z28camaroman · 01-23-2014, 03:58 PM

Street cars like Sabory's don't bring big money. That's just the hobby. He had a ton in the car. Sabory also had it on Ebay for buy it now at $600k. Sorry, not worth it, never will be either.

The '67 L88 was one of 20 and NCSR certified. Neightbor's Bros restoration and real IT engine. I was expecting $3 million plus. Bubba Watson, the golfer bought the car. Why? Who the hell knows. Rick Hendrick was in there for a while in the bidding and then pulled out. No matter how you cut the cake, a '67 L88 is the top of the food chain with Corvettes..........except for the five grand sports made in 1963.

The Steinman Bros. who owned the Vette paid about $600k several years ago for the car. I would say as a licensed certified appraiser that an L88 is a very good investment car if you have the money. I would love to own one.

Jerry

cicero819 · 01-23-2014, 06:42 PM

I felt bad for Rod as he's a innovator but unfortunately there was never a following or demand for a six second car and he knew he was going to take a loss. Now Barrett-Jackson is a scripted entertainment and should be looked at it in the same as all pick a boo shows out there, it's voyeurism at it's best " look ma rich people are stupid too " but unfortunately some people think that their junk is now worth $2.5 million(look at the crazy guy trying to sell Bill Jenkins first 3rd Generation Camaro that Joe Lepone drove) I was looking at buying a worn out 85 Camaro for my nephew and the guy told me it was worth at the very least $20k because he saw on B$J a similar car for that much, I didn't argue and told him good luck. Mind you all these cars will be preserved for the next generation to enjoy.

01-21-2014, 08:06 PM	#1
cicero819 VIP Member Join Date: Oct 2008 Location: Aylmer Quebec, Canada Posts: 1,086 Likes: 31 Liked 69 Times in 30 Posts	Barrett Jackson and brains? 1967 Corvette L88 sold for close to $ 4 Millions dollars. These men who bid on these cars at one time or another must have had brain cells to have accumulated such wealth. I don't care if the car was blessed by the Virgin Mary herself it can't have appreciated so much. Considering that Reggie Jackson(former baseball player) cloned a similar Vette for little under $150k perfect with all the paint flaws that came with these cars. I've owned many Vettes: 56(worst car that I've ever own) 66 (nice but lacking in power) 70 rag top 427 tri power(the engine was replace with a 402 and we kept the tri power, nice car to pick up women with but leaked like a sieve) 76,79,80 (nose heavy, great brakes) all these car were bought at the dealership across my house(always in their used and abuse side) so I got to be the local expert for all my friends and I can tell you that everything about bad quality on these car was present every year. look I bought a Super Bird Petty Blue in a yard sale and sold it one week after finishing putting it back a week after for a profit of $3000, I didn't know the price of these cars were going to reach these crazy level. A friend of my brother bought a 67 Corvette big block when he was release from the Army in 68, he saved every penny from his paper route to his Army pay and after his father sign for it, he drove it for 35 yrs, he stipulated in his will that the first generation couldn't sell it and had to past it on to the second generation. He's still around.lol What do you guys think?

01-21-2014, 08:25 PM	#2
X-TECH MAN Banned Join Date: Dec 2007 Location: Lake Placid, Florida Posts: 3,203 Likes: 1,047 Liked 235 Times in 110 Posts	Re: Barrett Jackson and brains? I guess it all in what makes the buyers skirt blow up. Detroit makes mostly JUNK today. They buy these old cars to try to regain their youth. Buying from Barrett-Jackson or Mecum is a waste. Id never do it myself. Buyers fees and sellers fees of 8 and 10 % just sucks. The 70 Model you had didnt have 3 twos unless you put in on yourself. The original engine was a 350 small block or a 454 with 1 carb. I guess its like buying anything old. Id rather have the L-88 Coupe rather than a painting to hang on the wall. But thats just me and I dont have 3 1/2 million plus commisons either. .I have owned 11 of the damn things and raced 2 of them. Most were junk and the 2010 I now have is giving me fits in the computer dept. It has 11 computers. Quiet and smooth riding but still a piece of junk. Since they only made 20 of the L-88's to begin with its kind of rare. Some say only 17 real ones are left. Cant drive it unless you run racing fuel because of the 12 1/2 comp. The L-88 sucks as a street ride as it dosent have a radio or a heater. GM planed it that way to discourage people from buying them for the street. Probably gets 8-10 MPG at best with street gears. Its one of one because of the red on red color. I still like to watch the crazies bid on the cars when I have nothing better to do. Working class people who would rather drive their rides instead of just looking at them would do better to build a clone with lower compression. Thats what Im doing......99.9% of those looking at a good clone wont know the difference. Driving in and out of a trailer at a show dosent do it for me. As the saying goes " A fool and his money are soon parted". But if you has the $$$$$$$$ and can afford it.........go for it. Last edited by X-TECH MAN; 01-21-2014 at 08:59 PM.

01-21-2014, 08:37 PM	#3
John Kissel Member Join Date: Sep 2012 Location: Colt's Neck, n.j. Posts: 349 Likes: 766 Liked 230 Times in 94 Posts	Re: Barrett Jackson and brains? A good friend of mine described these events as a bunch rich guys get drunk up a bit,and play "mine is bigger than yours".Why does that guy on barret/jackson always wear those sunglasses inside. I like the Mecom auctions better as they seem to have some affordable stuff and seem like real people.At least it's something to watch, John Kissel

01-22-2014, 08:54 AM	#4
cicero819 VIP Member Join Date: Oct 2008 Location: Aylmer Quebec, Canada Posts: 1,086 Likes: 31 Liked 69 Times in 30 Posts	Re: Barrett Jackson and brains? Terry, you're right I never checked what engine came with the car in those year(just expected it must have been a 427), just happy that the set up was on the car.lol I still would love to build or have a company build me a clone a la Tim Allen(if I had that type of doremi), his 68 COPO was built the way he would of like, if he could have ordered one in those years, look it up on the Jay Leno garage.Claude

01-22-2014, 10:11 AM	#5
bykr Member Join Date: Jan 2014 Location: SoCal Posts: 232 Likes: 274 Liked 167 Times in 81 Posts	Re: Barrett Jackson and brains? I agree with you guys that these auctions have turned into an egofest.

01-22-2014, 11:21 AM	#6
Wade Mahaffey Senior Member Join Date: Apr 2007 Posts: 581 Likes: 0 Liked 17 Times in 7 Posts	Re: Barrett Jackson and brains? I like to watch and see some very nicely done cars. I don't really pay much attention to the money, except during the the first couple of days when there are deals to be had. I never had the money that most of you have had owning all of those cars you talk about. So I have to buy junk the build it myself or, as in most of my own race cars build the whole car money permitting. But then again that's the way I like it, because you can enjoy the build and the accomplishment is far greater having built it yourself. Never was crazy about having a 1 of 100 built type of thing. I always have a 1 of 1 built. To each his own, if you can't build it....you have to buy it. At least we all love the car culture. Wade Mahaffey

01-22-2014, 11:23 AM	#7
Dwight Southerland VIP Member Join Date: Dec 2001 Location: Arkansas - In the middle of everything. Posts: 2,001 Likes: 64 Liked 778 Times in 193 Posts	Re: Barrett Jackson and brains? Remember also that this is an entertainment venue. What you see may not be what really happens transaction wise. Few people will watch a ho-hum auction where the sale price for a legitimate collector car is also ho-hum. I believe B-J got called on a televised session a few years back where the actual sale was totally different than what the viewer saw. "Scripted entertainment."

01-23-2014, 09:49 AM	#8
Joe Toller Senior Member Join Date: Jan 2009 Location: Lewistown, Montana Posts: 550 Likes: 78 Liked 4 Times in 4 Posts	Re: Barrett Jackson and brains? For me, Mecum is alot closer to earth. __________________ Joe Toller Lewistown, MT

01-23-2014, 03:58 PM	#9
z28camaroman Member Join Date: Oct 2005 Location: Eldersburg, MD Posts: 153 Likes: 0 Liked 91 Times in 2 Posts	Re: Barrett Jackson and brains? Street cars like Sabory's don't bring big money. That's just the hobby. He had a ton in the car. Sabory also had it on Ebay for buy it now at $600k. Sorry, not worth it, never will be either. The '67 L88 was one of 20 and NCSR certified. Neightbor's Bros restoration and real IT engine. I was expecting $3 million plus. Bubba Watson, the golfer bought the car. Why? Who the hell knows. Rick Hendrick was in there for a while in the bidding and then pulled out. No matter how you cut the cake, a '67 L88 is the top of the food chain with Corvettes..........except for the five grand sports made in 1963. The Steinman Bros. who owned the Vette paid about $600k several years ago for the car. I would say as a licensed certified appraiser that an L88 is a very good investment car if you have the money. I would love to own one. Jerry

01-23-2014, 06:42 PM	#10
cicero819 VIP Member Join Date: Oct 2008 Location: Aylmer Quebec, Canada Posts: 1,086 Likes: 31 Liked 69 Times in 30 Posts	Re: Barrett Jackson and brains? I felt bad for Rod as he's a innovator but unfortunately there was never a following or demand for a six second car and he knew he was going to take a loss. Now Barrett-Jackson is a scripted entertainment and should be looked at it in the same as all pick a boo shows out there, it's voyeurism at it's best " look ma rich people are stupid too " but unfortunately some people think that their junk is now worth $2.5 million(look at the crazy guy trying to sell Bill Jenkins first 3rd Generation Camaro that Joe Lepone drove) I was looking at buying a worn out 85 Camaro for my nephew and the guy told me it was worth at the very least $20k because he saw on B$J a similar car for that much, I didn't argue and told him good luck. Mind you all these cars will be preserved for the next generation to enjoy.