#1453 going across the block at Barrett Jackson

Discussion in '50 Year Limited Edition Mustang' started by 2015VAStang, Jan 15, 2019.

  1. 2015VAStang

    2015VAStang Well-Known Member

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    Guesses on what LE#1453 is going to bring at Barrett Jackson Thursday evening? IMO if the car bring anything over 45k that's a good sign for the future value for the low milage cars.
     
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    2015VAStang

    2015VAStang Well-Known Member

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    Price with fees $37,400 Screenshot_20190117-193555.png
     
  3. Acehole

    Acehole Member

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    I think Barrett Jackson has 8 percent sellers fee and 10 percent buyers fee so that car sold for a little under 32k If I understand the auction rules.
     
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    2015VAStang

    2015VAStang Well-Known Member

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    It hammered for 34k the 37, 400 include fees
     
  5. Acehole

    Acehole Member

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    I added sellers fee for what the actual seller got in his pocket. Auction Houses love their money too. But like you said someone paid 34,500 for it so that is a better number to go by.
     
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    2015VAStang

    2015VAStang Well-Known Member

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    Okay not sure what the difference is.. I watched it sell online it sold for 34k said the fees were 10% and when they posted the final sales price it was what was on the pic above.
     
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    2015VAStang

    2015VAStang Well-Known Member

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    #7 2015VAStang, Jan 24, 2019
    Last edited: Jan 24, 2019
    So I'm assuming they don't show the sellers fee just the auction fee in the final price.
     
  8. canyon ed

    canyon ed Well-Known Member

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    How many miles were on this car to compare?
     
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    2015VAStang

    2015VAStang Well-Known Member

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    14 miles
     
  10. canyon ed

    canyon ed Well-Known Member

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    Not a bad deal then
     
  11. pjk

    pjk Well-Known Member

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    I can't understand buying a car and not driving it. It's just me, but if you're an enthusiast (as I'm guessing someone buying and LE is) how could you resist not driving it. I know the cars look good but they're not artwork. Driving is the best part. Just my opinion I know others obviously feel different.
     
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  12. Acehole

    Acehole Member

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    That is what I am thinking too. But I could be wrong too! So disregard and we will say 34.5k haha
     
  13. Mustang1260

    Mustang1260 Well-Known Member

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    Correct. Seller fee is not part of the equation as to value. It is just the cost of doing business for the seller to sell their car- like a very expensive ad or Craigs list fee.

    The “value” or selling price of the car is $37,400. That is what the buyer pays- the amount that the buyers checking/credit line account is reduced by. It is the “hammer” amount plus 10% buyers premium ( note that different auction companies have different buyer fee structures).

    What does the seller get? Hammer price less the sellers fee - which appears to be 8% ($2,720) for this auction. Note that all auctions have different seller fees and sometimes waive them to get a seller to put up a car they know will sell for serious dollars with a high buyer fee that the auction house is happy to collect. As an rxample- if you show up with an uber rare 1971 Hemi ‘Cuda Convertible B-J would probably be more then willing to waive the sellers fee in light of the preauction publicity the car will bring along with a very substantial buyers premium. When Ron Pratt sold off most of his collection a couple yrs ago you had better believe he cut a deal with B-J as to the seller fees he paid.

    Thus:

    Selling price-what the buyer pays: $37,400
    Buyer collects: $31,280
    Barrett-Jackson earns: $6,120
     
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  14. Acehole

    Acehole Member

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    Thanks for the clearance clarence!
     
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