70 Nova L78 (8000 miles)Toronto Auction April 4th

[YENKO DEUCE REGISTRY]

Very true Allen, very true !

[BARRY]

RED ON RED ZL1 SOLD & 316,000

[PATRICKJOINER]

Is that US or Canadian $$$?

[Charley Lillard]

I'm told the Red Red ZL1 was a No Sale. Maybe it was just bid up to that price .

[Stefano]

My info. says that it did not meet reserve.

[whitez]

Stefano, Your information was very close, actual bids were $465,000.00 Cdn., $315,930.00 US., and a late phone bid from the UK at $325,000.00 US., unconfirmed. To date no reported sale.

Don,

[67BelAir427]

Based on my personal experience with this auction company I would say that the prices that these cars were supposed to be bid to is about as reliable as the daily reports from the Iraqi Ministry of Information. Two years ago I consigned one of my cars to this same auction. The auction house had a virtually identical car to mine (owned by the auction company) which I was told had a reserve of $40,000.US This was strong money for this particular car so I set a reserve of $30,000. on mine and figured that it would sell easily. When my car went through I was surprised that it was only bid to $27,000. Disappointed but not upset. Not until 45 minutes later when their car went through. I watched in disbelief as their car was bid to $45,000 US in less than 3 minutes and was a NO SALE! What I did not see was a single real bid place from where I stood. A beautiful orchestrated performance by auctioneer, announcer and 2 tag men. I confronted the owner about the magic act and he pleaded ignorance, and was offered a discounted entry fee at his next auction. I guess I was naive in thinking that shill bidding your own car past it's reserve was a criminal act, if not at least unethical. It only cost me a $500 entry fee to learn otherwise.

[1969L78Nova]

Looks like a repeat performance at the Toronto auction re the bidding on this L78 Nova. Its owned by the auction company. It took less than 2 minutes to get the bidding up to $43,000 CDN. Next thing you hear from the auctioneer was "closed the reserve was $45,000 CDN". Looks like no-one took the bite and bid higher than the $43,000 so they closed. Wouldn't you think that once they got to within $2000 of the reserve they would lift it and sell the car?????? This group deserves an Academy Award for another great performance!!!!
Like you 67BelAir427 they won't see my business when I'm ready to sell my ride!
Martin

[Mr Yenko]

Yeah you might see a few L-78 Nova's at the BIG shows. But how many are REAL. Over 3600 L-78 NOVA's made for 70, but there are probably 5000 plus L-78 novas NOW "MOF" [img]/ubbthreads/images/graemlins/rolleyes.gif[/img]