Don't know what the record price is for a Pantera at Barrett Jackson, but this one just went for $90,000
1974 Pantera GTS, chassis 6915
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The price actuall reads $99,000 ... but that includes a "buyers comminssion". Is that commission a fixed 10% for every sale?
That's an amazingly inflated price. Notice, its not a showroom original car either, there's several aftermarket parts (wheels, engine, steering wheel). The interior is very nice.
There's another one listed that sold for $88,000. 1974 Pantera GTS, chassis 6906
This hobby of ours is a quirky one.
-G
That's an amazingly inflated price. Notice, its not a showroom original car either, there's several aftermarket parts (wheels, engine, steering wheel). The interior is very nice.
There's another one listed that sold for $88,000. 1974 Pantera GTS, chassis 6906
This hobby of ours is a quirky one.
-G
It is my understanding that it is 1500 bucks down to roll the car accross the block and then 8% of the sale as a consigner... As a buyer you should add 10%. So, BJ pulled close to 20K for that one sale... I was happy to see the car knock down heavy dough in this market, that's good for all of us....
And a nice Black Chery Group 4 sold for $76K at the ahmmer, $83,600 with commission
Black Cherry Grp 4
Julian
Black Cherry Grp 4
Julian
My buddy was watching the car as it came across the block and said it went for $90,000, so the rest is as you said, buyers commission.
514 w/180's... YIKES!!... Makes me want to drink and drive 
...
...quote:Originally posted by Joules5:
And a nice Black Chery Group 4 sold for $76K at the ahmmer, $83,600 with commission
Black Cherry Grp 4
Julian
Dang! That was Steve's old dark cranberry car in my link below, offered to me a couple months ago in AZ at nice price. Should a bought it then and made about $20K on sale, but Barrett has been unpredictible on Panteras, I sadly remember watching that white Group 4 that didn't even make it to $30K in OC Barrett last year. Got to go to my DVR and see what they said about those two cars.
http://www.poca.com/index.php/gallery/?g2_itemId=3117
I was amazed at the auction price on both those cars. Adding the 10% for BJ each way (I'm pretty sure that's the #?); wow, wow, wow and wow... Being a buyer or seller knowing that much commission is involved would give me great pause but that's just me.
That makes it inflated valuations (IMHO) possibly fueled by alcohol, SPEED TV and $$$ > "my pant's are on fire!"
Note # 4357 SOLD @ Russo & Steele for $59,000 +/- commissions (7%). An experience for my friends Pat and Steve and possibly better for the buyer > seller is satisified and very happy it's over with!
Hey DOES: the Group IV car was built by Don & Bob Byars, correct?
Dave
That makes it inflated valuations (IMHO) possibly fueled by alcohol, SPEED TV and $$$ > "my pant's are on fire!"
Note # 4357 SOLD @ Russo & Steele for $59,000 +/- commissions (7%). An experience for my friends Pat and Steve and possibly better for the buyer > seller is satisified and very happy it's over with!
Hey DOES: the Group IV car was built by Don & Bob Byars, correct?
Dave
I would have to say that the Group IV car was the deal of the day. To actually build a steel flared car along with all of the other parts in this car cannot be done for the price paid at auction -- unless you do not want to pay yourself for any of the work and throw in the donor car for free.....
Mark
Mark
Fees are all over the place, 8% sellers premium, plus the auction fee, that is dependant on the day it goes to auction.
Buyers fees are just as high, $500 to register, some of the forms of payment can require deposits as high as $9,000.
Buyers fees:
BIDDER REGISTRATION REQUIREMENTS
Bidders will be issued a bidder paddle number only after all items have been received and your method of payment for vehicle purchases has been approved. Bidder credentials will not be issued if the application is incomplete or if required items are omitted.
•On-site Buyer's Premium: 10%
•Absentee Buyer's Premium: 12%
•On-site Automobilia Buyer's Premium: 15%
•Absentee Automobilia Buyer's Premium: 17%
Buyers fees are just as high, $500 to register, some of the forms of payment can require deposits as high as $9,000.
Buyers fees:
BIDDER REGISTRATION REQUIREMENTS
Bidders will be issued a bidder paddle number only after all items have been received and your method of payment for vehicle purchases has been approved. Bidder credentials will not be issued if the application is incomplete or if required items are omitted.
•On-site Buyer's Premium: 10%
•Absentee Buyer's Premium: 12%
•On-site Automobilia Buyer's Premium: 15%
•Absentee Automobilia Buyer's Premium: 17%
Mark,
True, and am in agreement on what it takes to build the Group IV. Heck, even the hefty amount of $$$ for a bare metal narrow body resto (that I would know exactly...).
I'm just making a comment in general regarding the auction fees paid. I remember the Group IV car with the SoCal owner offered for sale about 1-2 years ago. Maybe someone can confirm the $$$ > I thought it sold for $ 65k then.
Does BJ have the tough requirements and charge the high $$$ cause everybody wants to be on TV?
Dave
True, and am in agreement on what it takes to build the Group IV. Heck, even the hefty amount of $$$ for a bare metal narrow body resto (that I would know exactly...).
I'm just making a comment in general regarding the auction fees paid. I remember the Group IV car with the SoCal owner offered for sale about 1-2 years ago. Maybe someone can confirm the $$$ > I thought it sold for $ 65k then.
Does BJ have the tough requirements and charge the high $$$ cause everybody wants to be on TV?
Dave
Hi Dave,
I was just commenting on the price paid by the bidder -- well bought.
To your point on why anyone would sell at Barrett -- well I am trying to figure that out too. I think you hit the nail on the head when you say Speed coupled with name recognition of Barrett goes a long way. Most people have never heard of the more upscale RM or Gooding & Co. I would NEVER (and that is a long time), never sell a car for no reserve at auction. I can imagine that the salespeople for Barrett will try and sell to the consigner that they offer only no reserve because they will get the right bidders at their auction because of the no reserves. This is the sell I am sure.
I would love to hear from the consigner of the Dark Cherry car and know what range of $$$ that the Barrett people felt the car would bring? I know Barrett would not be held to it, but it would be interesting to know.
I went to the RM preview at The Biltmore in Jan. 2005 and I had a blast having a look at the cars in the parking garage and talking to the owners about what was done to the car, the special things that they showed me, and then the question I loved to ask was, "....so, what do you hope the car will bring?....." One of the best times I have had at an auction. Sounds like the tier one cars brought good money again this year. RM and Gooding & Co. draw the tier one type of cars and both of their takes went up by a third -- that is huge; good for them. I have not heard what has happened at Barrett, Silver, or Russo yet. Interesting to say the least.
Mark
I was just commenting on the price paid by the bidder -- well bought.
To your point on why anyone would sell at Barrett -- well I am trying to figure that out too. I think you hit the nail on the head when you say Speed coupled with name recognition of Barrett goes a long way. Most people have never heard of the more upscale RM or Gooding & Co. I would NEVER (and that is a long time), never sell a car for no reserve at auction. I can imagine that the salespeople for Barrett will try and sell to the consigner that they offer only no reserve because they will get the right bidders at their auction because of the no reserves. This is the sell I am sure.
I would love to hear from the consigner of the Dark Cherry car and know what range of $$$ that the Barrett people felt the car would bring? I know Barrett would not be held to it, but it would be interesting to know.
I went to the RM preview at The Biltmore in Jan. 2005 and I had a blast having a look at the cars in the parking garage and talking to the owners about what was done to the car, the special things that they showed me, and then the question I loved to ask was, "....so, what do you hope the car will bring?....." One of the best times I have had at an auction. Sounds like the tier one cars brought good money again this year. RM and Gooding & Co. draw the tier one type of cars and both of their takes went up by a third -- that is huge; good for them. I have not heard what has happened at Barrett, Silver, or Russo yet. Interesting to say the least.
Mark
OK...if someone was to take a car to one of these auctions for sale and wanted $60K AND got the price!...I'm sure the costs at each of the auction houses will differ some what!...What would the cost to the seller be if he got $60K? What would the cost to the buyer be if he paid $60K? Just wondering if the cost to the seller would be worth it? Maybe it might?, to be with bidders that might have alot of money to spend and/or those with more money then sence?
Just Wondering?
Just Wondering?
quote:Originally posted by BOXXBOYS:
I was amazed at the auction price on both those cars. Adding the 10% for BJ each way (I'm pretty sure that's the #?); wow, wow, wow and wow... Being a buyer or seller knowing that much commission is involved would give me great pause but that's just me.
That makes it inflated valuations (IMHO) possibly fueled by alcohol, SPEED TV and $$$ > "my pant's are on fire!"
Note # 4357 SOLD @ Russo & Steele for $59,000 +/- commissions (7%). An experience for my friends Pat and Steve and possibly better for the buyer > seller is satisified and very happy it's over with!
Hey DOES: the Group IV car was built by Don & Bob Byars, correct?
Dave
Hey Dave, don't know who built the Group IV car , but 4357 was done at the shop where YOUR car was done, correct? And that was the former Matt Stone Pantera as well? Just trying to get my muddy facts right. Nice car (or appeared so) and a buy versus the work done.
Adams,
Not just "any old shop" but my friend Steve's home-5th Car Garage Shop in AZ. He has a full blown auto shop in his 5th garage. He took a bedroom out of the house so it would go all the way back. Lift, Tig Welder, Lathe, Powdercoater, Engine stands, blah, blah, etc, etc... Any professional would be jealous.
Steve is a professional restoration craftsman/artist (no kidding) who early on in his carreer did this full time. He then went on to work and retire as a GM engineer. Now he moonlights on-off for the Mesa Community College District as an automotive instructor. # 4357 was his car. He took about 3 years to complete it. The chassis mileage is over 100m with resto mileage @ 4m. While it was Stone's car, that was many owners ago. Our newest AZ friend Pat purchased the car after I met Steve and we began my car > 4 years ago.
Here is a pic of Steve and # 3463 "at the shop."
# 4357 was sold for IMHO the right $$$. When you compare other $ 50-60k Panteras this stands above them in componentry and condition. Kinda' like my Pantera's little brother. After all it was his 1st Pantera effort. Some things were already done, some left alone, some over-the-top. In comparison# 3463 was Steve's labor of love; nothing left untouched, no expense spared on componentry, nothing was too time consuming not to do > way over the top.
Dave # 3463
Not just "any old shop" but my friend Steve's home-5th Car Garage Shop in AZ. He has a full blown auto shop in his 5th garage. He took a bedroom out of the house so it would go all the way back. Lift, Tig Welder, Lathe, Powdercoater, Engine stands, blah, blah, etc, etc... Any professional would be jealous.
Steve is a professional restoration craftsman/artist (no kidding) who early on in his carreer did this full time. He then went on to work and retire as a GM engineer. Now he moonlights on-off for the Mesa Community College District as an automotive instructor. # 4357 was his car. He took about 3 years to complete it. The chassis mileage is over 100m with resto mileage @ 4m. While it was Stone's car, that was many owners ago. Our newest AZ friend Pat purchased the car after I met Steve and we began my car > 4 years ago.
Here is a pic of Steve and # 3463 "at the shop."
# 4357 was sold for IMHO the right $$$. When you compare other $ 50-60k Panteras this stands above them in componentry and condition. Kinda' like my Pantera's little brother. After all it was his 1st Pantera effort. Some things were already done, some left alone, some over-the-top. In comparison# 3463 was Steve's labor of love; nothing left untouched, no expense spared on componentry, nothing was too time consuming not to do > way over the top.
Dave # 3463
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The comments here have been tame. The email forum (or whatever it is called) had allegations of fraud and a response from someone involved with Barrett Jackson public relations. It got heated.
I was surprised a few people reacted so badly to Panteras selling for high prices. I always figured it only takes two stubborn buyers to drive a car's price up.
I was surprised a few people reacted so badly to Panteras selling for high prices. I always figured it only takes two stubborn buyers to drive a car's price up.
It is the JOB of the auctioneer to drive up price and get all he/she can for the item. I quit auctions after I realized I was bidding against myself. I kept raising my bid everytime the auctioneer said a higher number and looked at me. I finally put my hands in my pockets and turned around to walk away. They grabbed me by the shoulder and spun me around and said sold! I told him I had quit bidding and he said "you bought it" It took 2 days for me to figure that nobody else was even bidding... he just kept raising the price to see how far I would go, then quit raising the price when I quit bidding. 1. Was he wrong for doing that? 2 He was lying to make me belive there was another bidder.. You better watch out! I saw a BJ auction where I belive that Tammy woman paid $150K for a replica 64 Ford Barny Fife police car as seen on Andy Griffin show. It was not even the correct model. She had it broke off in her too. Bill 1362quote:Originally posted by RobertVegas:
The comments here have been tame. The email forum (or whatever it is called) had allegations of fraud and a response from someone involved with Barrett Jackson public relations. It got heated.
I was surprised a few people reacted so badly to Panteras selling for high prices. I always figured it only takes two stubborn buyers to drive a car's price up.
quote:Originally posted by BOXXBOYS:
I was amazed at the auction price on both those cars. Adding the 10% for BJ each way (I'm pretty sure that's the #?); wow, wow, wow and wow... Being a buyer or seller knowing that much commission is involved would give me great pause but that's just me.
That makes it inflated valuations (IMHO) possibly fueled by alcohol, SPEED TV and $$$ > "my pant's are on fire!"
Note # 4357 SOLD @ Russo & Steele for $59,000 +/- commissions (7%). An experience for my friends Pat and Steve and possibly better for the buyer > seller is satisified and very happy it's over with!
Hey DOES: the Group IV car was built by Don & Bob Byars, correct?
Dave
Yeah, Steve's Group 4 was done by Byars, and done right. Easily a $150K plus "value" car, in other words that much in it. We did the Double Trouble article: http://www.poca.com/index.php/gallery/?g2_itemId=3117
I was a little surprised the GTS sold for more than that group 4 Pantera. The GTS was nice and clean but seemed a little ordinary. To me it did not look original or highly modified. Seems like one or the other would be necessary to bring that kind of money.
I would agree that the Group 4 was a deal based on the modifications and money spent on that car.
Over all I would say all 3 cars talked about here were way above average condition. The Panteras at the 2010 Orange County, CA auction I seen in person and they were not that impressive. Maybe that why they didn't bring any kind of money.
I would agree that the Group 4 was a deal based on the modifications and money spent on that car.
Over all I would say all 3 cars talked about here were way above average condition. The Panteras at the 2010 Orange County, CA auction I seen in person and they were not that impressive. Maybe that why they didn't bring any kind of money.
I was watching the Mecum from Kissimme last night and a very stock looking 74 went across the block. The bidding got to around $45k if I remember right and it sold. Tried to search on Mecums website but it wouldnt pull up any of the cars from this weekends auction.
Jeff
Jeff
I personally feel our cars have been well under valued for the past couple years. I think it reasonable to expect a moderate correction. I must confess I was suprised to see BJ bring such strong numbers although the cars looked the part.
quote:Originally posted by Mark M:
I was a little surprised the GTS sold for more than that group 4 Pantera. The GTS was nice and clean but seemed a little ordinary. To me it did not look original or highly modified. Seems like one or the other would be necessary to bring that kind of money.
I would agree that the Group 4 was a deal based on the modifications and money spent on that car.
Over all I would say all 3 cars talked about here were way above average condition. The Panteras at the 2010 Orange County, CA auction I seen in person and they were not that impressive. Maybe that why they didn't bring any kind of money.
Ha, yeah Barrett no reserve is just bad news for Pantera sellers where the general public doesn't know squat about the Pantera...Barrett is like Vegas, throw the dice let it roll!!! The white Group 4 that sold at Orange Barrett was at $59K in Palm Springs auction with reserve not met, but bring it to OC Barrett a few months later with no reserve and it sells no reserve for under $30K.
I have been working on 6915 since feb.2011.The owner and my boss are long time freinds.I dont know how much was paid for it,but i can tell that the pictures shown at BJ lot#952 are not of 6915.They are of 7210 i think.Go to provamo and look at pics of the engine compartment of 7210 vs 6915 notice the PS resivior .I posted pics of 6915 on the registry a couple of months ago.I read the E-mail forums Robert Vegas posted about, sumpthins up. I dont know how they can post the wrong pics