State of the Auction

My wonderful wife sent me this link:

https://journal.classiccars.com/2018/01/22/bidders-drive-arizona-auction-sales-consignors-still-wanted/

January is the big month for automobile auctions. Most of them are held in Arizona, but Mecum holds their giant January auction in Florida. The upshot of this article is that at the top of the market sales were a little slow, but perhaps because consignors “overvalued” their cars a bit. The rest of the market, however, appears set for a good year as prices tended to be above what is considered to be condition-appropriate.

1966 CHEVROLET CORVETTE CUSTOM COUPE - Front 3/4 - 213473

From barrett-jackson.com a picture of probably my favorite car from the Scottsdale auction: a 1966 Corvette resto-mod. Almost none of you reading had been reading my previous blog, but I have expressed my opinion that modern automatic transmissions are so good they make manuals obsolete. This car has a modern automatic and also doesn’t have ridiculous clown wheels, nor has it been slammed to the ground. The hammer price was $100,000, meaning the buyer actually paid $110,000 and that Barrett-Jackson’s total commission was $18,000.