Friday, January 18, 2008

Muscle market goes soft at Barrett Jackson 2008



Are you ready for a soft-on? That's what many owners are sporting this week in Scottsdale, Arizona. The prime player, Barrett-Jackson has been televising all week and it's not a pretty sight for speculators. The highest bid as of January 18th was $141,000 for a restored Packard Carribean ragtop. Granted they're saving the heavy artillery for Friday evening, but the over all numbers are waaay down compared to last year's record prices. I predicted this awhile ago in Muscle Car News magazine so it comes as no surprise to me. Those who are in position to cherry pick the good numbers matching, no stories cars available from guys who bought at the top of the market and have to liquidate will do well. The other vehicles will make excellent hobby cars and return the hobby back to those who really know what its about and understand the heritage of the muscle car. (Hint..it has NOTHING to do with Monterey and Carmel lifestyle events with $400 a night hotels!) If you bought at the top of the game and the music stopped, you're just going to have to enjoy the car for awhile until you hear music again. Hey you might get to like it even. A&W was made for cruise nights and sound of glasspacks and Torquethrusts squealing is better than someone squawking at the microphone.." it's red, it's red, it's resale red!"

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