By BS Brash
For the most part, Barrett-Jackson Auction is over priced or maybe a better way to put it is wrong priced, at least for the average Joe it is and as a result I don’t recommend that you use this service for anything else other than to see how your car compares to those sold by B-J in the last few auctions. As a matter of fact, I am not sure how many auctions B-J is using for this database. It may just be the current 2006 Scottsdale Arizona auction.
The main problem with any price guide is that it was correlated from the most recent auction rates. This can mean many things, but most of all it means that most prices you get from a price guide are just that, a guideline to sell your vehicle. The prices paid for collector vehicles can be either, very bad or too good, but mostly, just not an average representation of current market prices. The best advice that I can give you is to cut the price that the price guide gives you by 25%-50% when buying and sell as near the price guide’s price as you can, but don’t get married to it, be flexible!! The reverse may also be true, if yours is a scarce collector car, and hasn’t been to an auction recently, the value you see may be severely under what the actual value of your classic may be.
At any rate, here is the Barrett-Jackson Value Guide link for your perusal.
Copyright 2006 BSBrash