BJ Auction

[Mike G.]

Re: BJ Auction

wanting to keep on top of the market, if that's what statement bj results send, and only because i'm tying to sell my 67 coupe, i went to bj's website and copied ALL the corvette lot #'s and then i knew when one was coming to the block. i lost count at 8 corvettes coming up next when they went to commercial. just a bit anoying to say the least. i ended up back at their website getting the final prices there. imo...prices aren't as bad as buyers hoped they would be. some good deals and some regular prices, too. just my opinion.
maybe the economy is coming back???

the market is the same its been for the last few years. the top cars still bring a premium. ncrs, bloomongton gold, tripple crown cars are still bringing the big money. the edgy or not so perfect (midrange) cars are the ones that are down 25-30+%. the junk and the parts are still selling at a fair price. when you buy one of these midrange cars you have to look at what it will cost to restore it and make it right. when you add 50k or so to what you have to pay for the car its hard to get your money back out of the car. no longer a good business model. so these midrange cars are being bought as toys and not investments anymore. this is a completely different market and most people are not buying toys right now unless it is a steal. this makes the market seem soft right now but the kind of cars we build and judge, that market is still doing ok.

[Rich G.]

Re: BJ Auction

I'd like to know how many "sales" were the owners buying back their cars when the bidding didn't get where they wanted it to be. In the short time I watched, I saw one, not a Corvette, that I'm sure the owner bought back.

By "buying back" I mean they pay the seller and buyer commission and take their car home.

Rich

[Mike G.]

Re: BJ Auction

I'd like to know how many "sales" were the owners buying back their cars when the bidding didn't get where they wanted it to be. In the short time I watched, I saw one, not a Corvette, that I'm sure the owner bought back.

By "buying back" I mean they pay the seller and buyer commission and take their car home.

Rich

if you buy it back i think they still give you a break on the fee but still have to pay one of them at 10%. i know someone here in the area that had to do that a couple of years back

[Kevin N.]

Re: BJ Auction

the market is the same its been for the last few years. the top cars still bring a premium. ncrs, bloomongton gold, tripple crown cars are still bringing the big money. the edgy or not so perfect (midrange) cars are the ones that are down 25-30+%. the junk and the parts are still selling at a fair price. when you buy one of these midrange cars you have to look at what it will cost to restore it and make it right. when you add 50k or so to what you have to pay for the car its hard to get your money back out of the car. no longer a good business model. so these midrange cars are being bought as toys and not investments anymore. this is a completely different market and most people are not buying toys right now unless it is a steal. this makes the market seem soft right now but the kind of cars we build and judge, that market is still doing ok.

that's what i thought, too. mike. i am trying to figure out why my 2009 regional 2nd flight 67 coupe with docs can only get offers around $50K.
i think i'm priced fairly in today's market being between $60-65K.

[Mike G.]

Re: BJ Auction

that's what i thought, too. mike. i am trying to figure out why my 2009 regional 2nd flight 67 coupe with docs can only get offers around $50K.
i think i'm priced fairly in today's market being between $60-65K.

if your car was a top flight car and was marketed as a top flight car it would open it up to a whole different class of buyer. i have alot of friends that buy and sell corvettes all the time. they refer to top flight cars as "real cars". alot of the people they sell to are dealers and they wont look at a car unless its a real car or its a steal. top flight or bloomington gold. if its both its even better.

[Tom R.]

Re: BJ Auction

When a corvette comes across the stage & the announcers say that it is a top flight car I have to wonder when did it receive it.

Heck it could have been a top flight car 2 years ago.

That was then this is now, any one could have replaced parts that would not pass now.

You need to do your home work.

Buyer Beware!!!!!!

[Mark R.]

Re: BJ Auction

It seems to me solid, original, well documented, high optioned Corvettes in excellent condition, with national awards, will bring a good price in today's market. These are the cars that stand out and represent a excellent opportunity for the buyer. Lesser cars will be more difficult to sell, because there are less buyers in the marketplace due to current economic uncertainity.

How long before we see a return to the Corvette market of the 2003-2006 is a question for speculators. IMHO

Mark