xcarguy Posted January 20, 2013 Posted January 20, 2013 First, change your name to George Barris. Second, purchase an outdated concept car for a mere $1.00. Next, invest an additional fifteen grand and fifteen days and transform the concept car into what will become an icon for one of the most well known and remembered television series of all time. Finally, sit on the car for most of your days and then sell it for $4.2M. George Barris + $1.00 + 1955 Lincoln Futura concept car + $15,000 + fifteen days of intense customizing + nearly fifty years of ownership + Barrett-Jackson sale = $4.2M. :smash:
yellowss7 Posted January 20, 2013 Posted January 20, 2013 Or just be Barrett Jackson auctions. A few minutes work and take 10% from the buyer and 10% from the seller and pocket $840K. :jester:
coffee break Posted January 20, 2013 Posted January 20, 2013 The purchase price could have gone higher if those two bidders didn't flip a coin! :smash:
BruceBowker Posted January 21, 2013 Posted January 21, 2013 (edited) The $1.8 million 1968 Mustang floored me and it did not make reserve. Something I never knew. The seller buys a time slot. Apparently a car sold on Saturday can sell for double the price as on a Thursday. B/J makes money in all directions. Edited January 21, 2013 by BruceBowker
Ian7 Posted January 21, 2013 Posted January 21, 2013 ... the phrase "paying the middle man" doesn't even begin to describe the BJ enterprise (and their clones) :-(
mrmustang Posted January 21, 2013 Posted January 21, 2013 The $1.8 million 1968 Mustang floored me and it did not make reserve. Something I never knew. The seller buys a time slot. Apparently a car sold on Saturday can sell for double the price as on a Thursday. B/J makes money in all directions. Let's just say that the cameras stopped showing the bidding after 300K (unlike every other car that went over the stage), making any number after that suspect. I'll leave it at that. :dupe: Bill S.
xcarguy Posted January 21, 2013 Author Posted January 21, 2013 Sorry . . . just couldn't help myself. :ack:
coffee break Posted January 21, 2013 Posted January 21, 2013 :ack: $1.8 million for a Mustang, a sure sign of "you have too much money".
Croc Posted January 21, 2013 Posted January 21, 2013 :ack: $1.8 million for a Mustang, a sure sign of "you have too much money". And the problem is? I would love to have that problem!
Croc Posted January 21, 2013 Posted January 21, 2013 Let's just say that the cameras stopped showing the bidding after 300K (unlike every other car that went over the stage), making any number after that suspect. I'll leave it at that. :dupe: Bill S. Some caution is advised with BJ given some of their practices. However, the live telecast I watched showed the bidding on a screen display from start to finish. Even showed the top two bidders on camera. My jaw was hitting the floor at $600,000 onwards. Fairly quick increments at $100,000 a pop and it did not take long to get the price over the million mark. If you watched the replay on Sunday then they shortened the bidding radically.
Mondo Posted January 21, 2013 Posted January 21, 2013 I'd never have the patience to wait that long to sell... and then probably be too old to enjoy the next vehicle. But if I was tight with my father or uncle etc.. who had a car like that to sell....
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now