Barret-Jackson Auction - Page 2 - Team Camaro Tech
Tech 2001 General Tech questions from 2001
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post #16 of 50 (permalink) Old Jan 19th, 02, 01:30 PM
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Mike
 
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Its most likely 75% in the labor. These resto pro's are in big demand and command a lot of cash. There's are guy nera me thats does this kind of work. There's a 3 yrs waiting period to get in and its money that does it. A local guy paid $15,000 up front to start, just to get them to work on his 1965 GTO. It will take a least 2 yrs and he has to cough up whatever they ask for in $$ for parts. Every minute they spend on the car costs him money, even if they are calling looking for parts and they told him they will not dicker prices. He says every month the bill him and if he does not pay, they stop whatever it going one and put a lein on the car. He pays the price for the part unless he has it and then they will install only if it meets there spec's.
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post #17 of 50 (permalink) Old Jan 19th, 02, 03:15 PM
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Jack
 
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The 67 Yenko was a pristine unrestored original. I got a good look at the car today. It was bid as high as it did because of the original condition and low mileage. There were other yenko's at least one clone ZL1 that were not as nice as this 67 yenko. Bidding on the muscle cars and late model drivetrain/50's body cars was good. When the stock market is weak, collector car prices @ auction sales go up. This is evident again this year.
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post #18 of 50 (permalink) Old Jan 20th, 02, 01:32 AM
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James
 
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I don't see how anyone can make the comment that the prices these cars are fetching is bad for our hobby or bad for the Camaro market at all. I think that it is just the opposite. For every car that was sold, in the public eye, at the BJ auction, the value of each and every 67, 68, and 69 Camaro went up. It went up with the appraisers, it went up with the banks, and it went up with future buyers.

Project cars will still be around and at reasonable prices, but the value of the finished product has gone up and that is good for us.

my 2 cents.
http://www.adivanman.homestead.com/camaro.html
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post #19 of 50 (permalink) Old Jan 20th, 02, 03:13 AM
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Eric
 
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<BLOCKQUOTE>quote:</font><HR>Originally posted by James67RS:
I don't see how anyone can make the comment that the prices these cars are fetching is bad for our hobby or bad for the Camaro market at all. I think that it is just the opposite. For every car that was sold, in the public eye, at the BJ auction, the value of each and every 67, 68, and 69 Camaro went up. It went up with the appraisers, it went up with the banks, and it went up with future buyers.

Project cars will still be around and at reasonable prices, but the value of the finished product has gone up and that is good for us.

my 2 cents.
http://www.adivanman.homestead.com/camaro.html
<HR></BLOCKQUOTE>

Right on James. It's good for our hobby, the Camaro is a respected collector car - these high Dollar auctions prove it IMO.

------------------
68 Camaro, 383 small block with TH350 trans. 11.98's at 111mph and never trailered.
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post #20 of 50 (permalink) Old Jan 20th, 02, 08:09 AM
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Gary
 
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Everyone wants their car to be worth max bucks. Problem is, when the price of restored cars escalates, so does the price of the ones we buy to restore. If you buy a restored car, to finance an unrestored car, we don't notice. However, what if you are just starting out? At some point, the entry cost will prevent the newcomer from becoming a hobbyist.
Just like the stock market, I want the prices to stay low, until the day before I liquidate!
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post #21 of 50 (permalink) Old Jan 20th, 02, 10:48 AM
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There are some of us who build our cars for the fun of driving them and just sitting around at the cruise night. It is nice to make investments, and want to get a big return on it, but personally, I havent spent the last 18 months in my garage just so I can build something to sell. I understand the money side of the hobby, but there is also a fun side to it too!! I hope the prices dont go so high that the average person cant build a nice driver to enjoy without worrying about how much its worth. Like everybody else, this is just my opinion.
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post #22 of 50 (permalink) Old Jan 20th, 02, 12:29 PM
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Atta boy Yogi! I totally agree with you.

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post #23 of 50 (permalink) Old Jan 20th, 02, 12:48 PM
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Eric
 
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You can't have your cake and eat it too . . . if the cars are really collectibles (ie: popular to buy and restore), they'll be worth more. If they are a fad or gimmick the value will fall when demand does. It really has little to do with wether you like to drive your car or not (I drove mine 5000 miles last summer).

One of the reasons I bought a Camaro, instead of a Corvette or similar, is that the prices are still reasonable. I hope ordinary Camaros never become an elitist only item, but I'm definately in favor of the value of our cars increasing. Not from an investment standpoint, but because its good for the hobby - when Camaros are in demand prices are high and as a result more get restored and less get smashed into cubes.

------------------
68 Camaro, 383 small block with TH350 trans. 11.98's at 111mph and never trailered.
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post #24 of 50 (permalink) Old Jan 20th, 02, 05:07 PM
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Charley
 
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The 67 Yenko was a older frame off restored car. There are very few 67 Yenkos known to exist, maybe 10-15 ? If you want one there are very few choices. This one is a great color.
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post #25 of 50 (permalink) Old Jan 21st, 02, 02:42 AM
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Paul
 
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I have always loved camaros, but never had one before. On the cars that I restored before I always lost money or broke even. The only reason that I was able to justify buying convertible camaros to myself and my wife is because they are so popular and worth so much. If it hadn't been for the stock market meltdown I probably wouldn't have started to look at other investment opportunites, but it did and the convertible camaro(for me) fit the bill.

I'm not looking to just turn these cars, but it is good to know that I can put the money into the cars, enjoy them and most likely get my money out someday if I want to sell(maybe even make a nice return!).

It does surprise me though when convertibles in need of a complete restoration bring 7k-10k or more. I think that is presenting a barrier for entry for most. The nice thing about camaros is that if you look long enough and hard enough opportunities do present themselves and you can pick one up that is affordable, has enough room based on its future value to justify the restoration expense so that you can enjoy it without throwing your money out the window.

I also agree that the camaro has got to have the greatest all around appeal. The vettes, etc are too pricey for most...and at their prices I wouldn't want to even take them out of the garage to play with them.
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post #26 of 50 (permalink) Old Jan 21st, 02, 05:08 PM
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i bet the value of older camaros is going up now because chevy is killing it off as a new car. all the speculators are jumping on them now, while they are "cheap".i wonder if the same thing happened when chevy first killed the malibu in the 80's- isn't that about when older chevelles and malibus jumped in value? what happened to older chevelle and malibu prices when the fwd malibu came out in 97? how about the montes? sometimes, i think my mind works too much on things.

------------------
1971 Nova(looks like 69 camaro from underneath!)
355sb, vortec heads, HOT cam,T-10 tranny, 3.70 gears 16X8" IROC wheels
see pics here http://community.webshots.com/user/novaderrik
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post #27 of 50 (permalink) Old Jan 22nd, 02, 12:09 AM
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On the $150,000 for the restoration for the LS6 Ragtop 1970 Chevelle, that appears to be sellers "hype". If you frequent the sister site (Chevelles.com) there are guys over there that are very familiar with that car and I beleve they said that 35-50K for the restoration is probably more like it. Still, the value of that car is the rarity (ragtop) with only 61 4speed cars and less than 100 total made according to my reference material. As described over there it has decent, but not perfect retoration and tons of documentation. But still 160,000 is awfully steep

Robert Stacho (a.k.a. Mytmouse)

------------------
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70 SS 396 Chevelle 350HP 4speed
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post #28 of 50 (permalink) Old Jan 22nd, 02, 04:22 AM
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frank
 
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I couldn't believe the black former Reggie Jackson COPO went for only 45000. Someone had a good buy
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post #29 of 50 (permalink) Old Jan 22nd, 02, 05:41 AM
 
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Barret-Jackson's auction is GREAT for the collector car hobby. The reason is is that it makes a CLEAR distinction between UNRESTORED/PROFESSIONALLY RESTORED MATCHING #'s cars, and street machine cars. The big dollar cars were the unrestored, or excellent restorations (with the exception of some street rods with TREMENDOUS craftsmanship). There was a Yellow 68 Camaro that went for $5200 at Barret Jackson. It was a nice, clean, cool looking street machine, but probably didn't have the original engine(it didn't say)- alot like what you see at the local cruise night. Cheaper than the "deals" on Ebay, and a decent price for a non-stock car. On the OTHER hand were the "concourse" cars (the Yenko's etc. EXTREMELY RARE)- unrestored or original with the original engine, etc. They deserve to fetch the money they get, as the years pass and they are truly getting rarer and rarer, since many prefer just to use the car as a street machine- which is fine, but consequently will not collect near the amount of money at sale that an original car will with an educated buyer, since the original powerplant is usually yanked and tanked for something else. The Auction actually is good because it creates a much needed divide in value between the unrestored/restored originals, and the street machines. It makes the parity in old car prices seen in the classifieds, Ebay, etc. look as ridiculous as it is.
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post #30 of 50 (permalink) Old Jan 22nd, 02, 07:45 AM
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You can't believe someone got Reggies black COPO for $45,000...what a steal.......You mean the one with the air conditioning dash????BOGUS!
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