1st Production Camaro Auctioned for $350,000 at Barrett-Jackson Auction

[Speedy1975]

Originally Posted by 68RS

So when is someone going to post the video to the original message so I can clear this from my DVR?

Beatiful car. I do like the stipes over the spoiler, and this color combo is on the very top of my short list, although this car is so beautiful I am having a really hard time making my final color selection.

It's on my website.....www.hooliganbiketech.net

[Badger]

Originally Posted by The Great KJ

Wonderful the owner of Brokeback Mt Racing owns the 1st Camaro.

HAHA ...Everybody hates a Winner

[mikey92]

hey everyone i know it says that rick brought it for $350,000 but why does it say on barret jackson's website that it was sold for $385,00?

http://www.barrett-jackson.com/appli...3&d=01/18/2009

[gateway]

do you think they are going to add more strip packages from the factor, rather than the dealer putting them on the different colors?

[Gary B]

$350,000 PLUS 10% equals $385,000. This was a tax write off for Rick, being a charity auction car. I'm sure he'll get the first one LOADED out and sell it at a huge price to some rich business guy after it sits in his dealership for some attention.

[Number 3]

Originally Posted by mikey92

hey everyone i know it says that rick brought it for $350,000 but why does it say on barret jackson's website that it was sold for $385,00?

http://www.barrett-jackson.com/appli...3&d=01/18/2009

I'm guessing they just automatically added the 10% sales fee in their summary chart. But for all charity sales. Barrett-Jackson waives that.

[MerlinZero]

Ok, Mikey, that includes the 10% buyers premium.

TaylorRyan.... the car was for the American Heart foundation.... It was a charity auction. Thats why it went for so much.... All of the 0001's have been (except the 53 F-bird the family auctioned lastnight) The ZR1 and the Challenger were both charity auctions.

The auction itself was great. I loved seeing how the car was proportioned in comparison to the 67 "Eleanor".

[JJ#48Racing]

Originally Posted by OUR72GTO

What pi**ed me off was the two Speed guys "chatted " thru the entire presentation and you could not understand one word said from the stage.....

Then along comes the Cobra Jet and they "clam up" so 4 DIFFERENT DUDES MAKE GLORIUS speeches before and during the bidding.:

No equal time for CAMARO tonight.:(

Yeah while they kept the camera on "Eleanor" during the whole intro. That pissed me off too.

[Rodrunner]

I thought too the sale of the Camaro would be the highlight of the evening, but it was far from that. Disappointing auction of the car! And a further disappointment that it sold for less than the first Challenger. Of course, the Challenger was never produced in the numbers the Camaro was and they may expect that for the future too keeping it more rare. Nice to see Rick got the car though!

[CanadianCamaro]

Originally Posted by CosmicTrucker

tax deduction plus something cool for the garage

Originally Posted by Gary B

$350,000 PLUS 10% equals $385,000. This was a tax write off for Rick, being a charity auction car. I'm sure he'll get the first one LOADED out and sell it at a huge price to some rich business guy after it sits in his dealership for some attention.

Actually guys I don't think the buyers won't get a tax deduction. Unless US tax laws concerning charitable donations are drastically different than most. The person/corporation that donated the vehicle will get a deduction, the buyer get's the vehicle. Since the person laying down the cash gets something in return (i.e. the car), they don't get the tax deduction.

Originally Posted by Muscle Master

The 1st Dodge Challenger SRT8 was sold for $400,000 last year so big woop.......

Yea... but then you'd own a Dodge.

But seriously, as a Camaro fan I was hoping to see it go for more that $350k, but I think all things considered this is a good price. Consider these facts:
- Challenger SRT8 sold last year for $400K. The financial crisis, economic down-turn and deflation over the past year makes up most if not all of the $50K difference. Just look at the average selling prices at B-J AZ this year.
- The ZR-1 sold for $1M last year, but really the "competative" bidding (if you can call it that) stopped at $900K. The starting MSRP of the ZR-1 is more than twice the MSRP for a 2SS/RS Camaro. Plus, there is going to be A LOT more Camaros produced than the ZR-1
- MAJOR down-turn in the economy. Don't underestimate this And yes, even the rich are affected.

All this being said, the charity auction values are always overstated due to their very nature. Either way - $350K for a worthy cause. Good job Rick

[balonywolf]

Man, it was crazy watching the auction, then realizing I was watching Rick win the car. He's an old family friend (my mom's ex). I can promise you he didn't pay 350k for a Camaro, but he looks at it as a 350k donation with a cool perk. He's about as classy a guy as they come. Congrats, Rick!

[Matrix]

Originally Posted by CanadianCamaro

Yea... but then you'd own a Dodge.

And your point was buddy?















LOL

[Mr_Draco]

Originally Posted by CanadianCamaro

Actually guys I don't think the buyers won't get a tax deduction. Unless US tax laws concerning charitable donations are drastically different than most. The person/corporation that donated the vehicle will get a deduction, the buyer get's the vehicle. Since the person laying down the cash gets something in return (i.e. the car), they don't get the tax deduction.

With the way the US laws are, the buyer does indeed get a tax deduction but he can only claim the donation minus MSRP of the car. He bought the car for $350,000, if his options brings the car up to a MSRP of $40,000, then he can only claim $310,000 as a charitable donation.

[mxkx250]

He also donated 50,000 on the Year One Superbird because Richard Petty wanted the Superbird to go higher than the 24 Jeff Gordon car which went for 500,000. Hendricks own car, he didn't care about bragging rights. He might have been able to say his car wnet for more than a Petty recreation.