First 2009 ZR1 auctions for $1M

[Chris Mackey]

http://jalopnik.com/346943/barrett+j...on-for-1000000

I don't like the color, though.

[SweetDaddyD]

I saw that. When the guy put on the matching jacket, and the ZR1 hat, and his name was on the back of the bid assistants jacket, it looked like he was pretty serious about buying it. He even raised his own bid from 900K to 1M. Well then you have the extra 8% that goes to Barrett Jackson on top of that. Same guy that bought the #0003 1953 Vette. He owns a Vette museum with about 25 cars and a few car dealerships.

Did you see how many cars Ron Pratt bought!??? I think he got that prototype Vette that went for 1.5M tonight.

[Likuid]

1 Millions dollars? Wow...to each their own I guess, but I could think of a 1 million other things I would rather buy for 1 million dollars.

[qball]

Originally Posted by Likuid

1 Millions dollars? Wow...to each their own I guess, but I could think of a 1 million other things I would rather buy for 1 million dollars.

Lots of lap dances?

[Likuid]

Originally Posted by qball

Lots of lap dances?

[SweetDaddyD]

We are not in these guys league (well I speak for myself anyway). It was a charitable auction as well, all profit (not all proceeds, - all profit) was being donated by GM to United Way, so the full amount over $99K was fully tax deductible. So the guy got himself a tax write-off, a collectors car for the reg. retail price, and a whole bunch of kind of neat perks thrown in.
He won't drive it. It will be kept in a museum as a piece of history in hopes of appreciating like the 53 vette he owns has. (a waste in my opinion- I think cars are cars, not art. You want art, than stone chips are art and wide open throttle is music)

Of the 1200 cars sold at Barrett Jackson this year, I wonder what the cumulative miles will be put on all of them together? I'd imagine a little less than I already have on my 05 Elise. lol.

[Likuid]

Ahhh well if its for charity that be cool.

[Mr. Know]

Originally Posted by SweetDaddyD

We are not in these guys league (well I speak for myself anyway). It was a charitable auction as well, all profit (not all proceeds, - all profit) was being donated by GM to United Way, so the full amount over $99K was fully tax deductible. So the guy got himself a tax write-off, a collectors car for the reg. retail price, and a whole bunch of kind of neat perks thrown in.
He won't drive it. It will be kept in a museum as a piece of history in hopes of appreciating like the 53 vette he owns has. (a waste in my opinion- I think cars are cars, not art. You want art, than stone chips are art and wide open throttle is music)

Of the 1200 cars sold at Barrett Jackson this year, I wonder what the cumulative miles will be put on all of them together? I'd imagine a little less than I already have on my 05 Elise. lol.

I agree. I personally think Barrett Jackson is bad for the car industry.

[chuck_risen]

Good for the charity. If only I had the kind of money where I could use a $900k tax write off.

[Lotus F1]

Fing idiots.. How could one be so smart to have a million dollars yet be dumb enough to pay this ridiculous sum

[ivan1]

Originally Posted by SweetDaddyD

It was a charitable auction as well, all profit (not all proceeds, - all profit) was being donated by GM to United Way, so the full amount over $99K was fully tax deductible. So the guy got himself a tax write-off, a collectors car for the reg. retail price, and a whole bunch of kind of neat perks thrown in.

Correct me if I am wrong (as I am not an accountant) but the 900,000 being a tax write off just means he could reduce his reported income by 900,000 and potentially save paying income tax on that amount. He still would be paying well over 500,000 premium over retail price...

[ace10]

it's just egotistical philanthropy.

BJ makes money, charity gets funding and the bidder get his ego stroked big-time.

[keperkey]

Originally Posted by ivan1

Correct me if I am wrong (as I am not an accountant) but the 900,000 being a tax write off just means he could reduce his reported income by 900,000 and potentially save paying income tax on that amount. He still would be paying well over 500,000 premium over retail price...

Correct, however if you are philanthropically mineded and a car lover, this is a win-win.

[Blue Devil]

Eww, I love that color. Blue is my favorite.

[Z-dculus]

absurd....along with that guys collection. he's at every BJ event and pretty much is the one who buys the top 5 bidding cars every time.

[texige]

Hey if you have a couple hundred mill sitting around and you are bored, I can't think of a better way to spend a weekend than picking up a couple of pristine cars. My choice would be a 67 427 vette coupe and a 68 red Shelby convertible.

[NavyLt]

BJ has become a clown show of epic proportions. There are approx. twice as many registered bidders as there are cars for auction. Throw in free booze, TV cameras, frenzied bidder's assistants egging rich idiots to part with "just another $10,000 to you" and it becomes a "who has the biggest d!ck contest". As has been lamented on the Cobra and Miata forums, BJ sets artificially high prices on "collector" cars of dubious merit, which has had a negative trickle-down effect on the true car hobbyist/enthusiast market. While I admit to watching the train wreck that is BJ, I sadly shake my head at the rich, alcohol fuelled buffoons in the more money than sense club, who seem to know the price of everything and the value of nothing.
Oh, and while I'm at it, somebody puhleese slap the ever-present shades off of Howdy Doody!! It's night time and you're in a tent. Get a grip man!
Any sign of Ferrari Man this year? At least he was entertaining in an obnoxious sort of way.

[xtn]

Uh... If GM makes a charitable donation, then GM gets the deduction, not the guy who did the buying. He made a purchase, not a charitable contribution to GM.

[Z-dculus]

i also hate that guy that wears the bentley jacket.....every, single, time. i still can't believe some of the money those cars fetch, only to never be driven

[Desperado]

I really liked that Blastolene that Ron Pratt bought.