Barrett-Jackson to Sell a GSX [Archive]

flynbuick

11-22-2004, 04:49 PM

Well it has finally happened BJ Scottsdale is going to sell a restored 10-10 GSX, auto and documented but non matching drive train. I assume it is not a stage 1 since my flyer does not say that it is. I wonder if it is Mark Reeves' car --a member here. So we will know what one will bring as it is no reserve. (It is Lot #673)

www.Barrett-Jackson.com

There is quite a number of excellant muscle cars for sale there this year. So the competion will be stiff.

There are also some GS cars including a 70 stage 1 for sale.

I note that Buicklawyer on this Board has his second Olds on there for sale -- the first was a W-32 convert and now a 67 W-30.

GSX10/10

11-22-2004, 05:48 PM

Yes, I believe this is Mark Reeves' car. I read it recently in a post here. Should be interesting to see what it will bring, nicely restored car.

flynbuick

11-22-2004, 06:31 PM

Having been to BJ it will hurt its sales price to have non matching drive train. Also Buicks do not bring a lot there. I know Mark and admire his work so I hope he does well, but you have to justify the cost of transportation and the unreasonable percentage BJ takes off the top from both the buyer and seller. Then there are the local and state sales taxes, cover fees etc. It never ends there.

mjs-13

11-22-2004, 07:12 PM

Gotta disagree with you Jim. I think the BJ sellers fee are the MOST reasonable in the industry. A nice car will bring a premium at this auction, way above ANY other collector car auction in the country. Many times as much as 25% more! That's far in excess of the sellers fee, transportation and lodging. Of course there are only nice cars at the BJ auction as they literaly can and do pick 700 cars from the 1500 that are offered for entry in this auction. Many fo the cars that do not make the BJ entry will be offered at the "other" sales during those two great weeks in January.

Can't comment about the buyer's fee as I have always been a seller. I do think their bidders registration fee of $300 is very reasonable given all the booze, food, cars, skirts and decadance you can enjoy. The bidder's registration fee was $100 in the early 90's, inflation!

By the way, this is a great way to take the wife to the desert in January and let the car's sale pay for the trip.

flynbuick

11-22-2004, 07:36 PM

Mike

I agree if you have a popular six figure car ( Like a GT 500) it is the place to be. However, it is also a place where Buicks historically have not done well price wise.( Remember the stage 1 convert at BJ palm Beach that sold for 20K? or so) If you have a 40 or 50K car you can get stung by getting a 35k top bid and then you have to pay the fees. I still remember the face on a Mopar guy with a nice car in tears when it sold for a a low price at no reserve. I remember a guy from your state with a late 40s perl white Caddy convert he restored from a hulk he bought at Charlotte. He put in a modern Northstar drove it to Cal with his wife won top prize, was at the Turkey Run etc. He told me he had turned down low six figures . He was looking for 120K. He took it to BJ looking for the big payday and man this car was wonderful red leather --nothing but the finest. It brought low 70k at BJ with no reserve. He was sick.

If you happen to attract the attention of two or more whales and they get into a biding war you can also have a big payday. But it is a crap shoot on this car. I hope it does well but it is not a sure thing. Those people at BJ can buy anything as money is no object. They can just decide if they want an X they will buy a numbers matching. You never know.

Carl Rychlik

11-22-2004, 08:59 PM

You got to admit,the GSX is one good looking car! Certainly a lot more tasteful than some of the cars I've seen on Barrett Jackson. I hope Mark's car does well too! Good Luck,Mark! :TU:

n2buick

11-23-2004, 01:36 AM

This is a 400 point car that has won many national awards. (and deservably so)
I agree with the comment about people paying the big bucks wanting numbers
matching, but with that getting harder to come by, it could surprise us.
Time will tell!

Jeff

flynbuick

11-23-2004, 07:10 AM

Jeff

Just like you we have owned two GsX stage 1 cars. We are rooting for Mark make no mistake about it. However I would say that at BJ an LS6 would have in the past brought 2 to 3 times what an x would bring. I have never seen an x bring over 50K on the open market although no one really can be sure about non disclosed private sales. I know some were asking close to 100K at a private sale.

Perhaps the publicity brought on by Gesslar and some Hemi v Buick articles has changed the market. If Mark rings the bell with a non stage 1, automatic, non matching drive train car the prospects for a 400 point stage 1 , 4 speed , matching drive train car will even greater.

Dana/Beth Andrews

11-23-2004, 08:24 AM

and here it is at the BPG nats as mentioned in the BJ description.
As much as I would love to have the value of these stay low for my own selfish reasons (I want to buy one some day)
I hope it goes through the roof
D.

n2buick

11-23-2004, 02:11 PM

That's not Mark's.
I think that is Glen's, which is also a very nice car.
Stage 1 non-air 4 speed. Great combo!
Mark's is the one in the back ground on the right.

Jeff

flynbuick

11-23-2004, 02:22 PM

That's not Mark's.
I think that is Glen's, which is also a very nice car.
Stage 1 non-air 4 speed. Great combo!
Mark's is the one in the back ground on the right.

Jeff

Appears from the pic to have painted valve covers so perhaps it is Mark's nonstage? Two great cars side by side.

G String

11-23-2004, 04:19 PM

Jeff,
No this one is Mark's. Mine is on the right with the door open. Thanks for the compliment.

n2buick

11-23-2004, 04:34 PM

I stand corrected.
I was thinking I was to the right of Mark at the show.
Guess I was over one more.

Oh well :Dou:

Jeff

buickx

11-23-2004, 05:43 PM

This aught to be interesting... craig jackson has had several quotes in both hemmings and hemmings muscle machines that the top money getter this year(2005) at the auction will be gsx's....

flynbuick

11-23-2004, 06:10 PM

I may have to go just to see this auction. I remember what Craig said too. If it goes well you will see Mark there again in 2006 with Scott's former 71 Cortez Gold X.

Jim Weise

11-23-2004, 06:31 PM

Hopefully for Mark's sake, he will get a couple whales interested in having a bidding war.

A non-numbers car typically takes a pretty good hit on the open market, but that does not mean it costs any less to do a nice one. A gallon of paint costs the same, regardless of what numbers are stamped on the block.

This often time influences the decision by some on exactly how to do their car. There are a ton of nice GS's out there, with the orginal motor long gone, that I would love to see concours restored. But that is typically one of the most expensive options when thinking about what to do with your car. A good sale price for this particular car could begin to change that way of thinking.

Athough it is a two edged sword, higher values, within a reasonable limit, would help our hobby. Simply because there would be more interest in doing repro parts, and that helps the guys wanting to do a 75-100K car, as much as those of us who just want decent wheelhouses on our driver. Right now, there are lots of folks with the money to do a concours car, but the specter of getting half what they have in it, should they ever have to sell, keeps them from taking the plunge, and understandably so.

I guess we will just have to see what happens.

JW

derek244

11-23-2004, 06:42 PM

Well, now for my oft ignored 2 cents....

I hope that Mark cleans up with his GSX! With all the recent attention Buick A bodies are getting these days, it's about time. Beth, I agree with your "selfish" reasons :laugh: , but I have already accepted the fact that I will most likely not ever own a real GSX. Soooo, let the value of my numbers matching GS climb! But, please god...let me stumble upon some dummy who wants $5,000 for his GSX....4 speed....no air...amen.

If any of you missed Marks and Glens GSX's, let me tell you, they were a sight to behold. I was afraid to look at my car after looking at these beautiful machines. The detail was amazing, and actually made me ill. Mark, if I had the money, it would be in my garage. Maybe there will be some rich bastard with class out there hey? :Brow:

Andrew Skidmore

11-23-2004, 06:43 PM

Many people have different views on the auction, I feel it is a great thing, but wow this will be my first time in the last 3 to 4 years seeing a buick GSX going up for auction. I dont doubt what so ever that his GSX is restored properly, but that show is really all about originality, even if you have a restored car #'s matching, what will a buick bring, not much in my opinion, but who knows maybe that British guy will take a liking to it, yeah right its not european, and after all he couldnt handle a big block if he tried. I hope whoever is selling it that they get a lot out of it, but those shows are so picky, and when one sees a original GSX on the lot for sale and the original #'s matching motor is not there, then how much money would you pay for a car that is so close but yet so far away from being complete, I would pay a pretty dime, but those folks there at BJ auctions are very picky, and I bet more than anything during the lots appreance the main thing they will pick on is the unoriginality of the motor, and all the potential it could have had price wise if the motor was matching with the car. Anyhow good luck on your auction, and I will be rooting for the price to raise up as far as possible.

buick64203

11-24-2004, 08:00 AM

I just hope that we see Mark's car on TV when Speed channel airs the auction. Maybe the GSX will get some much deserved publicity. It would be refreshing to see a Buick get some credit "on air" . Unfortunately, I must agree with Jim in that I dont think it will break any records for price. Its just a sad reality. Which is fine by me, I want one too

Jason

flynbuick

11-24-2004, 08:06 AM

Jason

From Marks number I would say he will be up midday Friday. It looks like TV coverage starts 3 pm MST on Friday so I think you will miss it.

ww63

11-24-2004, 11:56 AM

Very seldom due the great cars end up at auction. Record auction prices very seldom reflect the value of a great car. EXAMPLE, the most money paid at auction for an LS6 chevelle convert is about 175k with fees but there have been private sales in excess of 325k, HEMI cuda hardtop at 200k at last years auction was a record for auction there have been private sales in excess of 400k. Auctions are still primarly used to get rid of cars that have problems, ie non numbers, condition, or trying to recoup on a poor investment. Now there are exceptions but very rarley. The guy who pays record price at auction very seldom if ever got the best car. What ever the X brings at Barrett I believe a 4spd numbers match car with good paper work in the same condition will do 2-3 times what a non numbers non stage will do. I also believe the guy who pays the most money for a buick is probably not a buick guy, just my 2 cents

Andrew Skidmore

11-24-2004, 12:11 PM

I hear you on that one, and what about Don Johnson's cuda from his movie that he sold, can you believe how much that guy paid for that car, and it wasnt even a hemi.

Andrew Skidmore

11-24-2004, 12:12 PM

Jason

From Marks number I would say he will be up midday Friday. It looks like TV coverage starts 3 pm on Friday so I think you will miss it.
So is this 3 oclock on friday your eastern time?

ww63

11-24-2004, 01:03 PM

The most amazing part about Barrett is the number of 60 year old guys with 30 year old women and the guys with a 500k line of credit standing in line for an hour for there free bidders drink, you would think they would just go to the line where you pay for your own NO WAITING but NOOOOOOOOOO

flynbuick

11-24-2004, 01:11 PM

500K is small spuds! The guy checking in on one side of me had a 2 million line in place. The guy on the other side of me had bought several million dollars worth of cars during past BJ auctions.

limemist

11-24-2004, 09:46 PM

The GSX is scheduled to be auctioned on Friday 1/28/05. Personally, if I were the owner of this car I would drive it into a river before I would sell it for less than $90,000.00.
Imagine investing all the time, money & love into a rare car like this and then selling it to some bottom-feeding, bargain hunter for peanuts. I wish the owner all the luck in the world. That is one nice, classic, hot rod.

Andrew Skidmore

11-24-2004, 10:41 PM

So once again is that three oclock eastern time or what?

n2buick

11-24-2004, 11:36 PM

I would guess it is 3:00 Phoenix time.

Jeff

Andrew Skidmore

11-25-2004, 05:52 PM

thank you

flynbuick

11-27-2004, 11:26 AM

Yes as I posted above 300pm MST which 5pm EST. MArk tells me BJ estimates he we be up if they are on scedule at 2:30 pm which I presume is MST. So the GSX sale will not be on the tube if my understanding is correct.

Andrew Skidmore

11-27-2004, 12:14 PM

correct me if I am wrong but this all took place yesterday if I am right?

bob k. mando

11-27-2004, 11:18 PM

BJ website says the next scottsdale show will be from jan 26 to jan 30th.

MandMautomotive

12-05-2004, 05:52 PM

I have been to BJ more times than I can remember, only because I am lucky enough to live in Phoenix.
If it were a #s matching car I believe it would make it to a prime time TV slot.
BJ gets a % of the sale. They try to sell for the most $$ too. The camera has been known to make bidders open their wallets more. Lot #s are not by chance. They sell "crap" there too. I will never brag about my car, except maybe when I see one at BJ that is not done well. Some of the stuff you do not see on TV would surprise you.
My opinion is BJ has been trying to boost Buick's value for some time now. Maybe this is the year? If I was selling I think I would have a reserve, we are still in somewhat uncharted waters. Good luck!!
I'll be there, probably Friday PM

just my .02

John in AZ

buickx

12-05-2004, 09:01 PM

Here is the ad from the Barrett-Jackson sneak peek booklet

69GS400s

12-08-2004, 02:59 PM

mltdwn12

12-23-2004, 12:52 PM

I had already planned on being there Friday because Saturday is such a nut house :laugh: Now I'll have to look for the car and see if I can get in the tent when it hits the stage and shoot some video!

Lon Bauer

01-04-2005, 08:47 AM

So what did Mark's GSX sell for???????

I was checking in on the show every once in a while and saw many muscle cars sold but no GSX!!!!!

flynbuick

01-04-2005, 09:12 AM

So what did Mark's GSX sell for???????

I was checking in on the show every once in a while and saw many muscle cars sold but no GSX!!!!!

The 2005 auction does not take place until later in the month.

mltdwn12

01-04-2005, 11:32 AM

So what did Mark's GSX sell for???????

I was checking in on the show every once in a while and saw many muscle cars sold but no GSX!!!!!

I'll make notes of some of the interetsing cars selling prices. I don't know if I'll get a place, but I'm going to try and video the GSX when it hits the platform :)
Craig

gs4u2c

01-27-2005, 09:53 PM

So who elese is watching B-J and surfing the web in eager anticipation...? :3gears:

Smartin

01-27-2005, 09:57 PM

YES! Looks like tomorrow night possibly?:Do No:

flynbuick

01-27-2005, 10:07 PM

One of Buicklawyer's old 67 W30s just set a record at 100K tonight. So the market is hot.

Smartin

01-27-2005, 10:09 PM

I saw that...didn't know it was one of his though.

gs4u2c

01-27-2005, 10:32 PM

Am I wrong, or is that Olds the first pre-68 (non-Vette) musclecar to bring $100K? I remember a 1967 427 Cyclone that might have brought more.... :Do No:

Smartin

01-27-2005, 11:00 PM

Here is Mark's car in Plano:

http://www.buickpartsdirectory.com/plano/plano015a.jpg

flynbuick

01-28-2005, 06:12 AM

I saw that...didn't know it was one of his though.

He sold it ( as usual against my advice) and someone else took it to BJ and let's say made a lot of money. John is feeling a little flabergasted right now.

As for a record neither of us remember a public sale ( Not private) of an Olds for more. Before this the 70 -71 Olds were clearly in the lead insofar as price.

Similarly, no one I know can identified a public sale of a GSX for even 50K. Mark will break that statistic I suspect especially if he gets on during TV time but it looks like he may just miss it.

If you notices #460, a w 32 red convert., went for 98K. Buicklawyer's blue formeer W32 covert. goes on the block at BJ Friday. It is a better looking car than the red one. It may set another record.