Lack of NCRS award cars at BJ

[Michael J.]

Re: Lack of NCRS award cars at BJ

It seems the highly altered "custom" Corvettes are bringing in more on average than the NCRS types. If that trend continues, NCRS will see a shrinking membership as the younger guys seem to have no interest in period correct type cars. This happened to the Tri-Five Chevys several years back.

[Paul H.]

Re: Lack of NCRS award cars at BJ

Anyone know why that red 57 fuelie only brought $70,000? Looked nice from what I could see sitting in my living room recliner

[Clem Z.]

Re: Lack of NCRS award cars at BJ

It seems the highly altered "custom" Corvettes are bringing in more on average than the NCRS types. If that trend continues, NCRS will see a shrinking membership as the younger guys seem to have no interest in period correct type cars. This happened to the Tri-Five Chevys several years back.

these older corvettes are more fun to drive with modern suspension and power trains than the stock corvette and you have "the look". if you are buying to drive reliability is important as "the getting out and getting under" as we used to say in good old days is not fun if you are older.

[Paul J.]

Re: Lack of NCRS award cars at BJ

It seems the highly altered "custom" Corvettes are bringing in more on average than the NCRS types. If that trend continues, NCRS will see a shrinking membership as the younger guys seem to have no interest in period correct type cars. This happened to the Tri-Five Chevys several years back.

Not just the Vettes, all of the customs were bringing way too much money for what they were.

[Michael J.]

Re: Lack of NCRS award cars at BJ

Anyone know why that red 57 fuelie only brought $70,000? Looked nice from what I could see sitting in my living room recliner

It had been switched from a 3 speed to a 4 speed, and the engine was described as "without documentation". Probably a good price for a likely made-up car. Meanwhile, the custom '57 Corvette sold just after it (with an LS3, Dana rear, etc.) sold for $187,000.

[Ridge K.]

Re: Lack of NCRS award cars at BJ

As a general rule, auctions without reserve will bring more money that auctions with reserve. A lot of buyers will not participate in a reserve auction, feeling that they are probably wasting their time

Very valid points, and why wouldn't they be? Dick has a tremendous amount of experience in this field and from what I've heard, .....an impecible record of integrity.

I've personally attended the Tulsa stop of the Leake (with reserve) auction since it was started by fellow Tulsa resident, the late James Leake. At one time, it was one of the premier collector car auction venues in America, and has always allowed a reserve (optional).
All bidders are obviously well aware of the reserve status, and I've seen the auction in the early to mid 2000s with many more bidders than could fit into the available seats.

Everyone here is aware of the tremendous success of Barrett Jackson. No venue has better mastered the TV camera impact on bidding. "the show, within the show".
But one issue that should always be mentioned when deciding if one should use a "reserve allowed" auction service, or the no-reserve auction format is the possibility of the infamous "quick hammer". Many of us watched with interest the court battle B-J went thru, not too long ago. I've watched the video tape of the alledged quick hammer probably more times than I've seen the Zapruder 8mm film, and have my own conclusion.
Likewise, many are aware that B-J brings collector cars they own themselves, across the block. Whether or not this is appropriate, is everyone's own personal viewpoint. It's just another tibit of information the prospective client/lister should be aware of.

Personally, I would never use the no-reserve format on a high-value car until I could be 100% confident that the auction is perfectly above board....

[Michael J.]

Re: Lack of NCRS award cars at BJ

But one issue that should always be mentioned when deciding if one should use a "reserve allowed" auction service, or the no-reserve auction format is the possibility of the infamous "quick hammer". Many of us watched with interest the court battle B-J went thru, not too long ago. I've watched the video tape of the alledged quick hammer probably more times than I've seen the Zapruder 8mm film, and have my own conclusion.
Likewise, many are aware that B-J brings collector cars they own themselves, across the block. Whether of not this is appropriate, is everyone's own personal viewpoint. It's just another tibit of information the prospective client should be aware of.

Personally, I would never use the no-reserve format on a high-value car until I could be 100% confident that the auction is perfectly above board....

I am no expert, but the BJ always seems a bit suspect due to the overblown venue, hype, and personalities involved. The Davis guy who always wears his sunglasses at night (usually a sign of drug issues in my experience) and the whole format where shill bidders, etc. are possible among so many people is a bit frightening. The quick hammer is also a concern. It is always hard to even see who is bidding, maybe they aren't? Some people bring dozens of cars there and seem like cronies of Davis and Jackson and the potential for abuse and collusion is high.

In watching Mecum (reserve allowed), it seems whenever the bidding on a reserve car slows down, Dana and his people huddle around the owner making side deals on fees, etc., and suddenly the reserve is off but the bid hardly ever goes up from there. That seems odd if the no reserve format brings much more money. But as I said, I'm no expert, but I would not sell my cars at these auctions, just too many things moving around, too much uncertainty, and the auction companies are making a fortune at someone's expense. Just my 2 cents.

[Clem Z.]

Re: Lack of NCRS award cars at BJ

with no reserve that tells me the owners are desperate to get rid of the cars. BWTFDIK

[Paul H.]

Re: Lack of NCRS award cars at BJ

It had been switched from a 3 speed to a 4 speed, and the engine was described as "without documentation". Probably a good price for a likely made-up car. Meanwhile, the custom '57 Corvette sold just after it (with an LS3, Dana rear, etc.) sold for $187,000.

Well that makes a little more sense but these resto-rods are bringing crazy money compared to original appearing cars.

[James C.]

Re: Lack of NCRS award cars at BJ

I watched some of the "show". This is a business, nobody is holding a gun on anyone to sell or buy.

The amusing part is when "when regular guys who would never condone driving while intoxicated" will spend tons of money while under the influence on these cars. Go figure. Not how I would spend my $$'s.

Jim

[Ridge K.]

Re: Lack of NCRS award cars at BJ

I watched some of the "show". This is a business, nobody is holding a gun on anyone to sell or buy.

The amusing part is when "when regular guys who would never condone driving while intoxicated" will spend tons of money while under the influence on these cars. Go figure. Not how I would spend my $$'s.

Jim

Excellent point, Jim.

There are some billion dollar plus casino/hotels built on the strip in Las Vegas by ........ intoxicated gsmblers in part.
Casinos don't give free drinks to players to simply be socialable....

[Nicholas L.]

Re: Lack of NCRS award cars at BJ

Did anyone see the 1956 Desoto convertible that sold for $325,000? What was so special about that car?

[Kenneth B.]

Re: Lack of NCRS award cars at BJ

I watched some of the "show". This is a business, nobody is holding a gun on anyone to sell or buy.

The amusing part is when "when regular guys who would never condone driving while intoxicated" will spend tons of money while under the influence on these cars. Go figure. Not how I would spend my $$'s.

Jim

I guess I missed all the drunks buying cars at the times I was there & watchin on tv I didn't notice Terry M., Rick H. & other big time buyers falling of their chairs or stumbling around the tents. One has to realize that these people paying that kind of money for the cars have more money than we can only dream about or have a buyer with a ton of money. 10,000 to them is like 1000 to the rest of us. If you think about it many people on here will pay 60,000/110,000 for a new Corvette knowing that in a few years it will be worth only a third of that so I say to each his own & will not say anyone is drunk or stupid for buying a Corvette or any other car.
KEN

[Clark K.]

Re: Lack of NCRS award cars at BJ

Lot # 1267.1 67 Convertible Duntov all original / unrestored 400 hp tri power hammered at $72k.... looked like a give away to me... the values on many vettes seems to be low especially given this car on a Saturday afternoon with great NCRS documentation....Glad i wasn't a seller and wish i was there as a buyer...B. Como # 42793

I agree! I watched every bit of the Speed TV coverage of the auction and was shocked at the low "hammer prices". I saw too many big blocks sell for way less than what they are worth. There is no way I would send my #1 condition, low mileage, Top Flight '65 coupe with a rare combination of desireable options, to B-J at no reserve.

I saw big money paid for Corvette resto-mods. I suspect they were bought by "the young athletes in the sky boxes" that the commentators spoke about. If that is the case, I doubt that they care about NCRS cars.

In regard to not many NCRS Top Flight, etc. cars, I heard the commentators speak about this often. So, perhaps the poster that did not see any "coveted blue rosettes" just missed 'em. -Clark

[Dennis S.]

Re: Lack of NCRS award cars at BJ

Did anyone see the 1956 Desoto convertible that sold for $325,000? What was so special about that car?

IMO, probably one of the ugliest convertible sleds ever made during that era. I suppose it is rare because all the others were scrapped long ago, or somebody used to own one just like it and now that they are feeling rather rich, just gotta have an over-restored example. To each his own I guess.

I don't understand all the money being paid for over-restored baby T-birds either. Then again, I would rather eat worms than drive a Ford.

I too am disappointed over the apparent lack of monetary interest shown for most of the vettes at BJ lately, especially the big blocks.