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01-20-2007, 07:34 AM
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CC Member
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Join Date: Aug 2004
Location: SE Wisconsin,
Wi
Cobra Make, Engine: Arntz/SBC/Jag
Posts: 1,033
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Not Ranked
They mentioned last night that phone bidders were paying a 12% buyers fee, compared to the 10% fee for people there at the auction. Yikes !
That said, there seemed to be some pretty good buys last night (Friday) and they were reporting about 2/3 of the way into the evening that the total sales dollars were down considerably from 2006 (they gave actual numbers which I don't recall).
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01-20-2007, 10:11 AM
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Senior Club Cobra Member
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Join Date: Jun 2005
Location: Scottsdale,
az
Cobra Make, Engine: Bought an Exact carbon car in TX. Bought a 427 sideoiler with 630 HP
Posts: 1,714
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Not Ranked
Quote:
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Originally Posted by Yetiman
They mentioned last night that phone bidders were paying a 12% buyers fee, compared to the 10% fee for people there at the auction. Yikes !
That said, there seemed to be some pretty good buys last night (Friday) and they were reporting about 2/3 of the way into the evening that the total sales dollars were down considerably from 2006 (they gave actual numbers which I don't recall).
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I talked two a couple of sellers who had brought three or four cars last and this year. They both said that their sales were down 20-25 percent from last year. Small sample, I know, but kind of reflects what Yetiman heard on TV.
John
__________________
double ugly
The average fighter pilot, despite the sometimes swaggering exterior, is very much capable of such feelings as love, affection, intimacy and caring. These feelings just don't involve anybody else.
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01-20-2007, 05:53 PM
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Senior Club Cobra Member
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Join Date: Feb 2006
Location: Syracuse,
NY
Cobra Make, Engine: BDR 228, Roush 342R, 457HP/428TQ, modified AOD
Posts: 1,378
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Not Ranked
It seems like the numbers matching kind of cars are the one's selling low, and the type that a lot of folks would drive are selling for much more than in the past. More folks who are "drivers" at the auction this year than "collectors"???
__________________
Dave
Nolite id cogere, cape malleum majorem - Don't force it, get a bigger hammer.
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01-20-2007, 06:51 PM
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CC Member
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Join Date: Sep 2001
Location: Tulsa,
OK
Cobra Make, Engine: SPF 148 with 427 SO
Posts: 629
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Not Ranked
oh my....5 mil
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01-20-2007, 07:00 PM
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CC Member
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Join Date: Apr 2004
Location: Nampa,
ID
Cobra Make, Engine: ERA EXP002, 1968 PI 428 FE
Posts: 691
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Not Ranked
If the new Shelby Mustang was worth over a half a million with a guitar the one of Cobra should have sold for more than 5 Million.
Dick
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01-20-2007, 07:01 PM
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CC Member
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Join Date: Dec 2003
Location: Houston,
TX
Cobra Make, Engine: Backdraft #103, Ford Crate 392
Posts: 19
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Not Ranked
1958 Vette
Ed,
The guy who bought the 1958 Corvette is my law partner's Father-in-law. I just saw him last Sunday and he told me he was going out to BJ. I told him that they had nice cars but over priced in my opinion. He said he was not going to buy anything, just look. Famous last words.
Dave Grabowski
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Dave
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01-20-2007, 07:04 PM
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CC Member
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Join Date: Apr 2005
Location: Tucson,
AZ
Cobra Make, Engine:
Posts: 5,391
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Not Ranked
I watched it and "WOW" is all I can say!
Larry
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01-20-2007, 07:07 PM
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CC Member
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Join Date: Feb 2006
Cobra Make, Engine:
Posts: 118
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Not Ranked
And the winning bid is???
5,500,000.00 That is unless I heard wrong or there were just too many zeros or fives up on that board.
Not bad for automatic car huh...
Mike
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01-20-2007, 07:23 PM
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CC Member
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Join Date: Sep 2001
Location: Tulsa,
OK
Cobra Make, Engine: SPF 148 with 427 SO
Posts: 629
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Not Ranked
flat 5 mil plus 10% bidder commision
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01-20-2007, 07:27 PM
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Beam Me Up Scottie
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Join Date: Aug 2004
Location: Squantum (part of Quincy),
MA
Cobra Make, Engine: SPF1049 Titanium w/black stripes, 351W with Trick Flow Heads, Tremec 3550
Posts: 7,592
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Not Ranked
Quote:
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Originally Posted by Buzzmobile
flat 5 mil plus 10% bidder commision
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Plus the 8% seller commission.
__________________
Warren
'Liberals are maggots upon the life of this planet and need to get off at the next rotation.' (Jamo 2008)
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01-20-2007, 07:30 PM
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Beam Me Up Scottie
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Join Date: Aug 2004
Location: Squantum (part of Quincy),
MA
Cobra Make, Engine: SPF1049 Titanium w/black stripes, 351W with Trick Flow Heads, Tremec 3550
Posts: 7,592
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Not Ranked
Quote:
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Originally Posted by lamaluv
If the new Shelby Mustang was worth over a half a million with a guitar the one of Cobra should have sold for more than 5 Million.
Dick
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Do not forget that the sell price minus the list price (about $450K) will be deducted from his Schedule C on 1040 as a charitable donation.
__________________
Warren
'Liberals are maggots upon the life of this planet and need to get off at the next rotation.' (Jamo 2008)
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01-20-2007, 07:42 PM
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CC Member
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Join Date: Feb 2006
Cobra Make, Engine:
Posts: 118
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Not Ranked
woops
I had to leave the TV and got that number off the B-J web page. So 5 mil even? Plus or minus the tax, title, dealer prep, and options etc.
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01-20-2007, 08:40 PM
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CC Member
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Join Date: Jan 2005
Cobra Make, Engine: ERA 711 390 FE w/ TKO 600
Posts: 81
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Not Ranked
Who is Ron Pratt, the guy who bought the "supersnake".
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01-20-2007, 08:44 PM
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CC Member
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Join Date: Sep 2006
Location: Aiken, South Carolina,
sc
Cobra Make, Engine: SPF #2457, Sunset Red/Titanium Stripes,460FR, SCJA, TKO 600
Posts: 202
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Not Ranked
Pratte is the largest framing contractor in the west, as I understand. He keeps his car collection private, no public viewing.
__________________
"The Cobra is a 40 year old design that moves people like no other". 
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01-20-2007, 09:11 PM
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CC Member
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Join Date: Oct 2006
Location: Winters,
CA
Cobra Make, Engine: Shell Valley 427 SC, 429ci
Posts: 163
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Not Ranked
It only went for a cool $5.5 million.  Not bad for a car that wasn't in original condition.
__________________
Rodney
Did someone say Gumball?
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01-20-2007, 11:59 PM
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CC Member
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Join Date: Mar 2005
Location: Crowley,
LA
Cobra Make, Engine: Findling 001 - starting scratch build
Posts: 206
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Not Ranked
Highest price ever paid for a car.....
I think a few people thought that Lot #1301 could possibly break the record
for the most ever paid for a car. A Bugatti Type 41 (chassis #41111) sold for
$17 million in June '06. At $5 million, #1301 didn't come close. A BJ record, but
not a world record.
....Fred
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01-21-2007, 12:35 AM
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CC Member
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Join Date: Apr 1999
Location: cleveland,
OH
Cobra Make, Engine: CSX4000, 427
Posts: 1,999
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Not Ranked
Quote:
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Originally Posted by wtm442
Do not forget that the sell price minus the list price (about $450K) will be deducted from his Schedule C on 1040 as a charitable donation.
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But, depending upon his tax bracket, he may not be able to claim the full charitable amount, as the more you make, the less, i.e., lower percentage of the full amount can be written off on schedule C. i.e. Screw job again.
__________________
"After jumping into an early lead, Miles pitted for no reason. He let the entire field go by before re-entering the race. The crowd was jumping up and down as he stunned the Chevrolet drivers by easily passing the entire field to finish second behind MacDonald's other team Cobra. The Corvette people were completely demoralized."
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