were out in full force over the weekend in Arizona. It brought back memories of the Ferrari Hat Man spending someone else's money like a madman. Someone with more money than brains spent 350,000 plus commission for a 65 or 66 Mustang Shelby Mustang. This car was not restored, but had been asleep in a damp(?) garage for many years. It had 44K original miles. The owner had pulled the engine to overhaul it and never put it back in. The car had bad surface rust under the hood and the undercarriage probably looked the same. Its blue stripes were faded badly. What makes this car special?? Was there 10 pounds of gold in the trunk?? Did it belong to Howard Hughes or Duke Wayne?? What it did need is a restoration and restored cars of this vintage are selling for about half what this guy paid. Jackson's sidekick with shades HYPED this car beyond belief as if it came out of some Pharaoh's ancient tomb. After the poor sucker won his 385,000 treasure, the crowd went wild and handshakes and pats on the back were all around. A few days later, the buyer will wake up to the fact that he paid an OUTRAGEOUS price for a car that rides and handles like a 66 Mustang, when he could of had a new Mustang, Camaro, Caddy or Challenger for 1/9th the price and rode, handled and kicked butt 9 times better. You have to feel sorry for some people and you know that Jackson and shades will have no guilt whatsoever. Another used car scam rip-off goes down in history. Too many beers and too many $$$$....
Messes up the working class that wants their dream car, they keep running into the old 'hey, this car sold for $10K more at the Barret Jackson auction'....seen it happen.
"Barn finds" such as this particular Mustang reflect the almost hysterical excitement over these examples. I've noticed several recently with interesting histories. Mustangs possess a certain cache' whether deserved or not. Certain big block Corvettes and Camaros also. I assume the purchaser knows very little of the price will ever be recovered. Expensive bragging rights I suppose.
Are we seeing the beginnings of this phenominom in the Presidential Election process this year?
'I assume the purchaser knows very little of the price will ever be recovered. Expensive bragging rights I suppose.'
Only a handful of buyers that know what they are buying and how much they should pay for it. The rest are rich goons who want to brag how much they paid for a car.
Barret Jackson is a great place if you have more money than brains to over spend on cars. Thankfully, Barret Jackson is not the standard when it comes to classic car pricing. It's a joke. People are taken for rides when they take their classic cars there and they are sold for far lower than they expected. But hey, BJ still get's their money, who cares. And then they gather the whales and have them over bid on cars they know will have several people competing over. It's a scam.
Tell them you have a mint Shelby, they will fly in the whales to make more money. Tell them you have a Camaro, they will call nobody.
The buyers get caught up in the hype and can't wait to sign the check. They definitely have some beautiful cars going through there, but almost all the buyers get carried away. So many buy these expensive cars, take them home and seldom drive them, so they go across the block again.
We were spared this year of the whale with the white poodle yapping away up in back. Talk about excess. Maybe he finally came to his senses and realized that a hundred car collection is enough....