http://www.barrett-jackson.com/carli..._LotNumber=478

 

Man, that car is clean. So sexy.

 

Definitely a great car and I hope the owner gets what they want for it, but I am going to voice my opion about the BJ auction.
To be honest, although 'auction prices' are what help increase the value of our vehicles, the BJ imparticular, does nothing but overinflate the true value of ALL cars - I am sure you remember the $ figure that the red '91 1LE pulled - lots of cash - nice car, etc (there is a thread on TGO about it).... but looking through all the various trader.com's, penny savers, and even e-bay - how many thrid gen come close to pulling that type of $. For example - I have been watching another '91 1LE (red, auto, low low low mile) and it has been relisted 4 times - reserve has never been met and if memory serves me, the car never bid above $25Kusd? Volo's has a gorgeous B4C with ALL the police hardware included - hasn't sold it yet - Again If memory serves me, they have had that car listed over a year!
BJ is nice to watch, but it has brianwashed everone in beleiving that their car is worth 'x' dollars because they saw something on BJ... so they think... hum, my car must be worth that. IMO our hobby has been poisoned....We watch a few episodes on TV, see a few cars go through at big $$, and then get excited, thinking "holycow...look at what my car must be worth"....
Sorry for my rant..
-Andrew

 

i totally agree with you on this but i still get good deals on 3rd gens for parts like i just picked up a 91 z28 tpi car for $800 but ive seen people that have had 2.8 cars that were absolute garbage and want like 1500-2k for them

 

My estimate for that car at auction is 9-13K

 

good to see a thirdgen on there..hopefully the true values of our car will be seen...damn sick of seeing nice low milage thirdgens going for pennies or being parted because they are worth more in parts

 

Agreed - It's good to see the low mileage 3rd Gens showing up at a forum as influential as BJ ... Now let's just hope they do well !!

 

I'd expect better... Wrong lugnuts, aftermarket exhaust, faded/worn seats, polished runners and aftermarket intake ducting... Also the door impact bumpers are wrong, they didn't come around till 88.
For the mileage it should be flawless.

 

I disagree. They were an option in 87 as well.

 

If youre talking about the little strips on the sides of the cars to prevent dings then Im sorry but you are mistaken my 87 GTA has them and so did my 87 TA.

 

Yep, those were definitely used in '87 but I don't think they were used on Camaros until '88.

 

IMO at BJ that car will probably bring in some money but only bc the people that go to BJ to buy a car have $$ to burn. I've seen some absolutely overpriced cars sell on BJ.

As far as that GTA goes, it is nice BUT with 11K miles and a host of modifications it is not quite that impressive. Even in the pictures the interior has dirt in it! What kind of a way is that to present a supposedly brand-new car for sale?

The main reason for my rant is that there was a '89 Formula 350 with 1,100 miles, all original, 100% stock, and visually perfect on ebay, and sold for just over $12,000!!!!! That was a perfect car and a perfect deal!

In the real world, not on BJ I would see this GTA draw $9-$10. If you were going to pay more, you could get a nicer car.

 

I think the car would see $8k on ebay...now on BJ you have no clue. Because honestly whats to say 2 guys who both want the car and will pay what it takes for it wont go into a "bidding duel" and end up spending an extra $20k that its not worth. Happens all the time with cars not worth anywere near there actual street market. I think the car will go $15-18k.

It truly is beautiful none the less...even though its not completely original.

 

BJ is just entertainment to me. Cool cars and some hot women. Those people are idiots for paying that much. It hurts us sometimes. It is the way of the world, stupid people overpaying can makes things more expensive for the rest of us.

 

Interesting to see what the hammer will bring for the car. Don't think we are going to see this car during the prime time slots.

 

I was hoping to score that 1K mile '89 Formula for myself - But an emergency medical appointment with my wife pulled me away before I could enter my own high bid. I was an easy $13K for that car, and the seller was quite nice as well. I gave her my contact info just in case ... Fingers crossed!

 

Yeah I know that car was nice. I was so tempted but I just am not in the market for another one right now. The fact that it left for a little over $12K is just sick. I was really expecting it to go higher and was really surprised at the low reserve.

 

damn thats a nice gta

 

I just checked the Barrett-Jackson results and this car sold for $30,800.

 

holy bananas wilma, 30 grand...im gonna take real good care of my car now.

 

Me too!!!!

 

Good luck coming even close to that if you have any miles or mods.

 

Not much surprises me at BJ since it's usually off the deep end ... But $30K for that does! I might have to take all three of my GM collector cars there if that level of craziness keeps going!

 

I completely agree. Barret-Jackson is great for the priveleged few, but for the rest of us, they're just ruining the hobby.

After watching those auctions, now every jerk with a 318 Mopar or beat first gen F-Body thinks they're worth a mint.

You gotta just understand that these guys just have money to burn, and paying 2-3x the value of a car just because they want it isn't a big deal to them.

Boy, I wish I could live my life that way.

 

the value of an object is what someone is willing to pay. As Okfoz mentioned in another thread, if these cars can get this price, then there are others also worth that price and it brings the potential sale price of our cars higher, should we sell. Granted, people will still complain that these high bidders are ruining the buying price for the entry level buyer, but why should they care. I personally am glad to see the value going up. I've seen trashed 69 Z28s selling in the teens requiring a full resto. That's out of the ballpark for many, but for some, they pay and restore the car. That's just how it works. If the 3rd gens start getting out of hand pricewise, buy a 4th gen while they are cheap!

 

LMAO, what a joke! Midwest Muscle will probably get half a mil for his cars!

No further comment...

 

http://www.barrett-jackson.com/carli..._LotNumber=643

 

This car sold for $30,800. All I can say is WOW. That is very impresive for a 87 GTA.

- Dave

 

Wish I had $30k to burn, BJ is fun to watch but where does the excess $ come from? For another $20k he could have bought this Chevelle the other day. I'm bringing my '92 Z28 Z03 there next year, with the profit I should be able to purchase the '78 T/A W72 WS6 4-speed I've been looking for on ebay.

http://www.barrett-jackson.com/carli..._LotNumber=424

 

Hell, I'll take $175K for all of them ... Keeps me from having to ship them to BJ next year :-)

 

I agree what a joke, I can see maybe double of what a good shape car might be worth but 30k that's just retarded, hell it has 11k miles on it and it's not even all stock.

 

I totally agree. Remember that 78 miles 1LE that sold for $30,000? That GTA only sold for $800 bucks more! BTW, the 78 mile 1LE is forsale at the dealership I work at for $60,000...lol...trying to make 30 grand profit!

 

Just got back from 2 days at BJ...saw the GTA. I admit I am not an expert, but $30k is sure a lot of money for that car. I wonder if the buyer would be interested in some prime ocean front property in Iowa. Hmmmmm.

 

ok...so paaaaast the fact that the car did really well which is AWESOME for the seller, congrats. For everyone going on and on about how over the top bj is, i have personally watched tons of FULL body off restos of some really rare cars that didnt even make money back on the resto job. CLASSICS, fetching way less than they should and people getting some great deals. I have heard of Chargers going for well over 100k and saw one or two only fetch like 40-60k at best...some of these cars get sold for more than their value and some under, thats why its an auction

 

IMO every car has many many many different values...you ask how did this guy come up with that? Simple your car to me (just for sake of the argument) is worth $5,000 bucks well to the guy next to me its worth $2,000 bucks well the guy down the way thinks its worth 10k. You see what im saying everything is worth only as much as you can get for it.

 

The short story is there are a lot of stupid people out there that help run the price up on the rest of us.

 

thats why at BJ they always try to keep a "drink" in your hand!

 

thats what happens when you get a bunch of rich people in one room...they are willing to overpay for a car. going to barret jackson is easier than looking all over for a car. thats why rich people go there

a friggen shelby cobra sold for 5 million dollars....it just doesnt make much sense

 

i wish there were more auctions like this one. it's definately a double edge sword but it puts things into somewhat of a range. something is only worth what anotehr will pay and the ability to have one place/one chance to find that special something your looking for is great. you pay $500+ to be able to bid correct? chances are they did their research or fell in love with the car. this is great for those who restore cars or modify them as it gives the owner a window, a chance at getting something back out of their car if so desired.

many of you claim the downside is how ******* joe with his gta now thinks it's worth a fortune but it's just not true because until his is the last one there are others.

if you bought yours for cheap be happy and enjoy the car you have.. afterall when you do own one of the last cars left or have something that is that nice you'll want a pretty penny for it too.

 

Yeah, hardly the "11k mile car" they make it out to be...

Aside from the obvious stuff like the lugs, exhaust, underhood bolt-ons and polished runners, did anyone catch the other things? Like the fact that it's an '87 with '88-92 wheels on it? The offsets also look "off" - they're wider than stock (almost looks like GTA front rims on the back, and gold GNX rims on the front?) Or the fact than an '87 should have the gold bird centercaps, not the WS6 caps? With all the inconsistencies, I honestly doubt it's even all original paint...

Not big issues... the car is still beautiful... but that's just retarded high - and for that price, it should be 110% correct.

Just because people have money that they're looking to burn to impress the friends at Barrett-Jackson, doesn't mean that they brought their judgement and/or knowledge with them... many times it's just a case of inebriated impulse, and big wallets

 

there are far too many cheap people on this site...people who would only offer someone 5k for a rare car that has under 20,000 orig miles...all the aftermarket things on that GTA could be restored to original with less than 1k...kandied said it best, its not gonna sky rocket the price of GTAs bc only a handfull of remaining GTAs only have > 20k miles on them...mine has almost 200k now and i bought mine for $1500 (a steal and i got lucky)

If you only want to pay $2000 for car then buy a run of the mill common third gen thats all beat to hell and not worth anything bc thats pretty much all youre gonna get unless otherwise fortunate...i hate how so many on this site expect to get something for nothing, its pathetic

 

Nobody is saying that the car was worth $2,000.

But it wasn't worth $30,800, either. Especially as-is.

And for the record, I do own a 25k mile '87 Trans Am, that is correct, stock, and original; so I do feel that I can make comment in regard to correctness and originality.

 

Lets not loose focus guys, I dont know about you but I did not buy my car because it might be worth a lot of money some day. I bought my car because it appealed to my inner child. As a matter of fact I wanted to find one that was not all origional because I like to modify and look different than everyone else. And speed (legal racing HA HA) who can have enough. I personally could never buy a car (one I like) and store it as a financial investment. No way, I thought it was crazy to see some one purchase a corvette for $50k drive it only 5k miles own the car for 2 yrs and loose $10k. They did not even get their moneys worth, You do the math.

 

I think you need to not lose focus - nobody even hinted at that.

 

I'm sick of hearing that! Maybe there are some of us that want the prices to go up. I don't plan on selling my car, but just knowing that it's worth more than I paid is a good thing. There are plenty of $2k cars out there. Stop whining about the prices being run up. It happens to any car that people desire. With demand, the price goes up. Buy what you want now and enjoy it.



I don't follow this comment. A good shape car, that also has very low miles is selling in the low to mid teens. This car did sell for double that!

Autotrader listings:
88 GTA with 11600 miles for $23k
88 GTA with 12200 miles for $21k
88 GTA with 90000 miles for $12k
88 IROC-Z with 22000 miles for $15600
87 IROC-Z with 6k miles for $19k
http://www.cars-on-line.com/21793.html - SOLD

 

This is not a "RARE" car though! Nor is it in impecable shape! Granted '87 was the first year for the GTA, but still it's not a Jamaica Yellow '92 Formula.
As I stated earlier in this thread, at the same time as this GTA was on the block, there was a 1989 Formula 350 that has 1100 miles and IS impecable for sale on ebay and closed and sold for $11,200. IMO that car should have sold for lots more. If that GTA was being sold on ebay or Autotrader it would probably bring it $10-15K at the most. I mean come on, there is a never-titled TTA w/4K miles for sale for $26,xxx. And it's a 95-100 point show car.
Anyway, the bottom line is that BJ is not any kind of an indicator of the real value of any car! I watched it this weekend for a few hours and it's just about the right buyer at the right time with a big enough wallet. That's it.

 

wow know if that gta brought in 30 000 i can imagine what a low ks tta pace car would bring in.sice that is a collectors car

 

phew thats amazing. but I'll take my notchback over that anyday of the week. 1 of only 700

but damn. thats a lot of cash for a 3rd gen. kudos to that seller and those crazy bidders.

 

BJ is a JOKE... Here is the difference between the hacked BJ one... and a REAL LOW 600 mile GTA on fleabay.. this one is literally like NEW..

http://cgi.ebay.com/ebaymotors/Ponti...spagenameZWDVW

 

Very nice car!
It will be interesting to see if the reserve price is met, or like many other near perfect third gen's it will have to be relisted and relisted and .....
-Andrew