2016 GT3RS low mile $205K, and other values at Barrett Jackson
01-21-2018, 01:19 AM
#1
Rennlist Member
Thread Starter
2016 GT3RS low mile $205K, and other values at Barrett Jackson
Don't know about you guys, but I love seeing the cars at BJ every January. I'm always interested in the values as they seem to get enough people to establish fair market. Above was for a low mile RS. Other values I found interesting were $160K for a loaded to the gills 2016 Turbo S. $115K for a great looking 997 turbo. $1.3M I think was the number for a 918. The one I thought that seemed most like a deal was $200K for a pristine 3500 mile 997 GT2. I told my wife 'we gotta be ready to bid next year!'
Jim
Jim
Last edited by 96redLT4; 01-21-2018 at 02:20 PM.
01-21-2018, 08:16 AM
#3
Nordschleife Master
Bids always anticipate the house vig unless you are idiot. That puts a 3 year old low spec car of $193k out the door at $225k.
$32k over by my math.
$32k over by my math.
01-21-2018, 08:43 AM
#4
“Barrett-Jackson earns their money via an 8% seller's premium charged to the seller (consignor) when their car is sold. They also collect a 10% bidder's premium from the buyer once the car sells and 15% on automobilia sales.”
So BJ makes 8% from the seller (plus entry fees) AND 10% from the buyer? That’s at least $36,900.00 for selling a $205,00.00 car...
This correct?
So BJ makes 8% from the seller (plus entry fees) AND 10% from the buyer? That’s at least $36,900.00 for selling a $205,00.00 car...
This correct?
01-21-2018, 09:01 AM
#6
Burning Brakes
Yep BJ is making a fortune!
Last night the Ford Gt for charity went for $2.5 million. With that BJ has now done over 100 million in charitable cars. Since they wave their fees on the charity cars that means they have effectively donated about $20 million to charity. Pretty impressive.
I like the charity aspect of it. Friday night they had some strange car made out of a large log. Guy bought it for charity for $175k, then immediately donated it back, it sold to a second buyer for 100k. The second buyer then immediately donated it back and it sold to a 3rd buyer for 75k. Pretty cool way to raise money.
Last night the Ford Gt for charity went for $2.5 million. With that BJ has now done over 100 million in charitable cars. Since they wave their fees on the charity cars that means they have effectively donated about $20 million to charity. Pretty impressive.
I like the charity aspect of it. Friday night they had some strange car made out of a large log. Guy bought it for charity for $175k, then immediately donated it back, it sold to a second buyer for 100k. The second buyer then immediately donated it back and it sold to a 3rd buyer for 75k. Pretty cool way to raise money.
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01-21-2018, 10:31 AM
#8
Race Car
“Barrett-Jackson earns their money via an 8% seller's premium charged to the seller (consignor) when their car is sold. They also collect a 10% bidder's premium from the buyer once the car sells and 15% on automobilia sales.”
So BJ makes 8% from the seller (plus entry fees) AND 10% from the buyer? That’s at least $36,900.00 for selling a $205,00.00 car...
This correct?
So BJ makes 8% from the seller (plus entry fees) AND 10% from the buyer? That’s at least $36,900.00 for selling a $205,00.00 car...
This correct?
01-21-2018, 10:45 AM
#9
Three Wheelin'
What about reserve? I don’t see the cars list with reserve nor do they say bid goes on. Are these actually sold or just shown as sold on tv but once the go back stage, bid winner is told, sorry you didn’t bid over reserve, here is seller, would you guys like to agree to a price?
who knows the insight?
who knows the insight?
01-21-2018, 10:57 AM
#10
Rennlist Member
What about reserve? I don’t see the cars list with reserve nor do they say bid goes on. Are these actually sold or just shown as sold on tv but once the go back stage, bid winner is told, sorry you didn’t bid over reserve, here is seller, would you guys like to agree to a price?
who knows the insight?
who knows the insight?
01-21-2018, 11:04 AM
#11
Race Car
And don't forget if the reserve is close BJ sometimes comes to the rescue by waiving fees in order to get the sale done. Better sales numbers of course prop up their reputation...
01-21-2018, 11:32 AM
#12
Drifting
In the past they would show the people bidding - now they say skybox or internet bid ... I don't believe they got what they said.
The auction has a set stall - props to the car and bids rise at or above market.
Consider the fees both buyers and sellers if 10% - I don't believe car buyers or sellers at this level throw away money.
01-21-2018, 12:03 PM
#13
Burning Brakes
What about reserve? I don’t see the cars list with reserve nor do they say bid goes on. Are these actually sold or just shown as sold on tv but once the go back stage, bid winner is told, sorry you didn’t bid over reserve, here is seller, would you guys like to agree to a price?
who knows the insight?
who knows the insight?
01-21-2018, 12:19 PM
#14
I spent the whole weekend going to th various auctions. Was fun to see. As a buyer you have the potential to get a really good deal. As a seller, you have the potential to get royally screwed.
I was watching the white and red RS. I think it sold for 205k plus premium. Which means the seller netted about 180k. Makes no sense as that car recently listed for 235k and sold just a month or so ago. Not sure what price it sold for but let’s just say it sold for 220k. So someone bought the car for 220. Sold it at Barrett and nettted 180. Lost 40k in a month.
im scratching my head wondering why??? What’s the point?
Anyways- BJ is fine but the other auctions are a lot better with better cars. Goodings and Bonhams. Goodings was tops in my book. Fun place, great cars. BJ is a s-show
I was watching the white and red RS. I think it sold for 205k plus premium. Which means the seller netted about 180k. Makes no sense as that car recently listed for 235k and sold just a month or so ago. Not sure what price it sold for but let’s just say it sold for 220k. So someone bought the car for 220. Sold it at Barrett and nettted 180. Lost 40k in a month.
im scratching my head wondering why??? What’s the point?
Anyways- BJ is fine but the other auctions are a lot better with better cars. Goodings and Bonhams. Goodings was tops in my book. Fun place, great cars. BJ is a s-show
01-21-2018, 12:40 PM
#15
Rennlist Member
I spent the whole weekend going to th various auctions. Was fun to see. As a buyer you have the potential to get a really good deal. As a seller, you have the potential to get royally screwed.
I was watching the white and red RS. I think it sold for 205k plus premium. Which means the seller netted about 180k. Makes no sense as that car recently listed for 235k and sold just a month or so ago. Not sure what price it sold for but let’s just say it sold for 220k. So someone bought the car for 220. Sold it at Barrett and nettted 180. Lost 40k in a month.
im scratching my head wondering why??? What’s the point?
Anyways- BJ is fine but the other auctions are a lot better with better cars. Goodings and Bonhams. Goodings was tops in my book. Fun place, great cars. BJ is a s-show
I was watching the white and red RS. I think it sold for 205k plus premium. Which means the seller netted about 180k. Makes no sense as that car recently listed for 235k and sold just a month or so ago. Not sure what price it sold for but let’s just say it sold for 220k. So someone bought the car for 220. Sold it at Barrett and nettted 180. Lost 40k in a month.
im scratching my head wondering why??? What’s the point?
Anyways- BJ is fine but the other auctions are a lot better with better cars. Goodings and Bonhams. Goodings was tops in my book. Fun place, great cars. BJ is a s-show
It is interesting because a dealer will pretty happily give you 5-10 back of sticker for a 991.1 rs as a trade, so he still could have had another 10-15k in his pocket, but maybe the owner did a bunch of cars through them as a package or something.
