Barrett-Jackson Mustang’s By The Numbers
January 25th, 2007 by CobraMatt
I know most of you are probably getting sick and tired of reading Barrett Jackson in the title of my entries but I promise this will be my last post on the subject for now. I wanted to post up the top 5 Mustangs that went across the auction block along with the daily averages and overall average price of a Mustang. Now these numbers include the buyers premium that was added to every winning bid, not sure what it was but I think its around 10-13% of the final bid price. Is that not rediculous you have to pay the extra buyers premium amount just to buy the car, almost makes it not worth buying a car at the auction.
If anybody has any other number facts about the auction please don’t hesitate to post them up.
Top 5 Mustang Auctions:
1. $660K - 2007 Shelby GT #001
2. $605K - 1969 Mustang BOSS 429 Fastback
3. $490K - 1969 Mustang BOSS 429 Fastback
4. $319K - 1967 Shelby GT500 Fastback
5. $313K - 1968 Shelby GT500 Convertible
Daily Average Price of A Mustang:
Day 1 - Tuesday: $45,250
Day 2 - Wednesday: $43,400
Day 3 - Thursday: $50, 200
Day 4 - Friday: $108,000
Day 5 - Saturday: $204,000
Day 6 - Sunday: $131,000
Six-day Average: $97K (Average Price of a Mustang bought at the 2007 Barrett-Jackson auction)
tom Says
The buyer’s premium gets to be real exspensive for the seller’s buying their (no reserve) cars back. And this is happening more than you think.20%?, or are there special deals for the high rollers?
Used to be a couple of museums that ended up trading cars to keep their museums interesting.It looked good at the auction though, even though they just traded near even (money wise).Think they paid both ends? i doubt it, in fact ,i bet they were flown to the auction by the auction company, with their tractor trailers being shuffled back and forth by underlings.
Most interesting points of this years auction was the 2 high profiling auctioneers being caught pulling bids out of the air. Only difference was they were being caught this year, and had to back out with weak exscuses and
restart where the real money ended.In the old days ,buyers used to walk out of an auction when this happened.Apparently they decided to call more of the auction by themselves due to the tv covering ALL of it.There wasn’t a chance to see the other 2 or 3 good auctioneers do anything but arm bend in the crowd.
If the BJ auctions are going to be long lived, i believe they have more than a few issues to address.
Feb 5th, 2007 at 10:35 pm