Junkman Posted January 20, 2013 Share Posted January 20, 2013 Looks like the crisis is not for everyone... Quote Link to comment Share on other sites More sharing options...
dh1908 Posted January 20, 2013 Share Posted January 20, 2013 There are supposedly 12 copies of this car around. One of them resides in Iowa. I've talked to the guy that built it and have pictures of it. Barris has tried to buy it several times. It was kind of funny to see it parked at an O'Reilly Auto Parts store. AND Iowa plates!! Quote Link to comment Share on other sites More sharing options...
Craig Irwin Posted January 20, 2013 Share Posted January 20, 2013 There are supposedly 12 copies of this car around. One of them resides in Iowa. I've talked to the guy that built it and have pictures of it. Barris has tried to buy it several times. It was kind of funny to see it parked at an O'Reilly Auto Parts store. AND Iowa plates!! There are four builders of 66 Batmobile replicas, (one is officialy licensed by DC comics), one of which has built over 30 cars himself, another has built almost 20. add 6 or 7 people selling kits for homebuilders, and over 100 replicas is quite posible. Barris still owns a fiberglass replica, I think it is the one that was used in the Back to the Batcave movie a few years ago. Barris has been traveling with this replica for years as the orignial was far too valuable to move around the country in a trailer. But in best Barris tradition it is "the orignal" Batmobile when shown. Quote Link to comment Share on other sites More sharing options...
Rob Hall Posted January 20, 2013 Share Posted January 20, 2013 (edited) There are supposedly 12 copies of this car around. One of them resides in Iowa. I've talked to the guy that built it and have pictures of it. Barris has tried to buy it several times. It was kind of funny to see it parked at an O'Reilly Auto Parts store. AND Iowa plates!! There is/was one in Florida...a friend of mine from Belgium has ridden in it. Edited January 20, 2013 by Rob Hall Quote Link to comment Share on other sites More sharing options...
drunknmunky Posted January 20, 2013 Share Posted January 20, 2013 Star's Cars in Gatlinberg, Tennessee has one. They also have tons of other awesome movie and TV cars. Fast and Furious Charger, Eclipse, Grand National, a General Lee, Gone in 60 Seconds GT500 Eleanor plus tons of others. If you're ever there it's a really cool place to check out. Quote Link to comment Share on other sites More sharing options...
Harry P. Posted January 20, 2013 Share Posted January 20, 2013 With so many Batmobiles floating around, it's going to get harder and harder to figure out which one is the "real" one. Quote Link to comment Share on other sites More sharing options...
Craig Irwin Posted January 20, 2013 Share Posted January 20, 2013 Check out this replica built about 5 years ago. Also note the third from last name of the builders at the end. Quote Link to comment Share on other sites More sharing options...
mikemodeler Posted January 20, 2013 Share Posted January 20, 2013 Is it me or did Barris come across like a babbling old fool? The man is self-promoter but I think he had his heyday about 45 years ago. The grandson was there to help Grandpa and get 15 minutes of fame. I personally think the buyer paid about $4,000,000 too much for the car. Quote Link to comment Share on other sites More sharing options...
sjordan2 Posted January 20, 2013 Share Posted January 20, 2013 (edited) I think $4.2 million is below its value. This is a cultural icon known to millions more people than the Bugattis, Ferraris and Mercedes classics that have been auctioned for multiples of that price. Here are the top auction prices paid for cars as of 2011. This doesn't include private transactions, such as the $35 million that Peter Mullin paid a couple of years ago for a Bugatti Atlantic to put in his California museum. http://www.popularmechanics.com/cars/news/vintage-speed/10-most-expensive-cars-ever-sold-at-auction#slide-1 Edited January 20, 2013 by sjordan2 Quote Link to comment Share on other sites More sharing options...
Monte's Motors Posted January 20, 2013 Share Posted January 20, 2013 (edited) They said a lot of things right during the sale. That this car was a bigger star than Batman. That George Barris knew what it was worth. This is the car that made me love cars. I couldn't wait to get one these cars to play with. When they came out in 1/25th scale (only scale that counts) I had to get one. Oh them experts saying it was only worth $200,000 ate a full crow dinner today. LOL Mike Joy included Edited January 20, 2013 by Monte's Motors Quote Link to comment Share on other sites More sharing options...
Craig Irwin Posted January 20, 2013 Share Posted January 20, 2013 (edited) Oh them experts saying it was only worth $200,000 ate a full crow dinner today. LOL Mike Joy included A fiberglass replica, with no provenance , sold at a Florida auction (R&M) for $214.000 in 2008. Edited January 20, 2013 by Craig Irwin Quote Link to comment Share on other sites More sharing options...
Harry P. Posted January 20, 2013 Share Posted January 20, 2013 A fiberglass replica, with no providence, sold at a Florida auction (R&M) for $214.000 in 2008. Provenance. Providence is the capital of Rhode Island. Quote Link to comment Share on other sites More sharing options...
Craig Irwin Posted January 20, 2013 Share Posted January 20, 2013 Noted. Quote Link to comment Share on other sites More sharing options...
Maindrian Pace Posted January 21, 2013 Share Posted January 21, 2013 The man is self-promoter but I think he had his heyday about 45 years ago. The grandson was there to help Grandpa and get 15 minutes of fame. I personally think the buyer paid about $4,000,000 too much for the car. People pay big money for things that you might not see the value in. http://maineantiquedigest.com/articles_archive/articles/nov06/indianvane1106.htm That makes the Batmobile look like a veritable steal. -MJS Quote Link to comment Share on other sites More sharing options...
ZTony8 Posted January 21, 2013 Share Posted January 21, 2013 Let's see.Sold for $4.2million.Less 8% seller commission of $336,000.Now you have to figure tax on the capital gain from the profit of $4,199,999.One of my model buddies makes most of his income now from selling things and he says the tax rate on the gains is 40 percent.So old Georgie's gonna net something less than $2 million. Quote Link to comment Share on other sites More sharing options...
sjordan2 Posted January 21, 2013 Share Posted January 21, 2013 (edited) Let's see.Sold for $4.2million.Less 8% seller commission of $336,000.Now you have to figure tax on the capital gain from the profit of $4,199,999.One of my model buddies makes most of his income now from selling things and he says the tax rate on the gains is 40 percent.So old Georgie's gonna net something less than $2 million. Capital gains is actually 28% for collectible items, but you bring up an interesting point. Here's how taxes differ for collectors. investors and dealers of collectible cars: http://www.groco.com/readingroom/invest_carcollections.aspx "In terms of tax treatments, the distinction between collectors, investors and dealers is of great importance. Between collectors and investors, the tax rule is generally more favorable to the investors. Whereas, being a vehicle dealer may create unique tax advantages...The tax rate on long-term (collection held for more than one year) collectible capital gain is 28%, whether you are a collector or investor." Moral: If you want to collect and sell valuable cars, be a dealer for bigger tax breaks. A lot of cars pass through the Barris shop, and I would guess he's smart enough to have dealer status, as well as having accountants to work all the tax advantages. If not, he's probably crying all the way to the bank. Edited January 21, 2013 by sjordan2 Quote Link to comment Share on other sites More sharing options...
Junkman Posted January 21, 2013 Share Posted January 21, 2013 Everything is transitory... Quote Link to comment Share on other sites More sharing options...
sjordan2 Posted January 21, 2013 Share Posted January 21, 2013 (edited) Everything is transitory... Here's the website of the people who built and repaired that kit car. They also build a Lincoln Futura replica on a Town Car chassis. Prices for each are around $200,000. http://www.buybatparts.com/joomla/index.php Edited January 21, 2013 by sjordan2 Quote Link to comment Share on other sites More sharing options...
Craig Irwin Posted January 21, 2013 Share Posted January 21, 2013 That replica is in Cincinnati ohio, and built on a mid 70's Pontiac wagon chassis. Quote Link to comment Share on other sites More sharing options...
sjordan2 Posted January 21, 2013 Share Posted January 21, 2013 (edited) That replica is in Cincinnati ohio, and built on a mid 70's Pontiac wagon chassis. Then that's another wreck (man, Batmobiles seem prone to abuse) besides the one that was repaired by the Indiana company I linked above. http://1966batvehicles.yuku.com/reply/43465#.UP3RQ64ZGzt Edited January 21, 2013 by sjordan2 Quote Link to comment Share on other sites More sharing options...
Craig Irwin Posted January 22, 2013 Share Posted January 22, 2013 Nope, Chris lives in Cinci, and Fiberglass Freaks rebuilt the wreck in Logansport In. Chris started building that replica at home, and decided to have someone experanced finish it the first time so he shiped it to LA. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.