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What will happen at the big January auctions?
The big Arizona auctions are just around the corner-January 2009. The one that gets most publicity, thanks to the Speed Channel, is the Barrett-Jackson auction. There are at least four other auctions during the month. Gooding & Company, RM Auctions, Russo & Steele and the venerable Kruse Auction. There may be others-who knows? Gooding and RM will have the big classics and exotic foreign cars. Russo & Steele is all about muscle and collector cars. Then there's Barrett-Jackson, which offers an eclectic group of cars, mostly muscle and collector cars. However, anything can show up there and usually does. Last year B-J sold a creation called Robosaurus, which destroyed cars. This year, their off-the-wall offering is bit tamer-a Ford Tri-Motor airplane. What will happen at these auctions? Will the prices be down, as a result of the crummy state of the economy? My hunch is the great cars will still command great prices but the average stuff won't do as well. And I think the muscle car market has cooled-off quite a bit. But that's just my opinion. How about you?