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#291
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We just drove back to Austin from Phoenix, hit some snow in Tuscon. The low VIN Camaro sold for $69,000 and they had $60,000 in the car from what I heard. Probably a break even endeavor for them. Wish I had noticed the "N" in the engine stamp, how interesting.
Real cars with real paperwork and real motors did well. On Sunday, the original owner green '69 400 horse Corvette went for over 100K and the '72 LT 1 with gobs of paperwork (real) also went for over 100K. I was amazed by the number of cars that were advertised with real paperwork, but the paperwork was not available for viewing with the car. We were anxious to look at some specific cars advertised with a window sticker, but none was to be found and owners were not to be found. I'd have to assume that the paperwork is not real in these cases. I did see some fake paperwork being presented with some cars. They did not qualify the paperwork as "original" but the description said the car had a window sticker or some other paperwork. This to me implies a real one. Let me tell you that if I brought a car to this auction that had an original window sticker, I'd blow it up and present it on a billboard so it could be seen from across the parking lot. Yes, there were some good deals. After the cameras went off on Saturday the place got very quiet and the guys I came with bought what I consider to be one of the most original 1,800 mile Hemi cars on earth at a very, very respectable price. I would imagine the seller anticipated two times what this car brought. |
#292
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The car Tim mentioned that we bought is a 1966 Hemi Satellite automatic with 1800 orig miles, Citron Gold with black buckets. It was lot 1342 and we paid 143k including the juice.
We didn't look it over to carefully before we bought it, in that it went across at about 11pm Saturday night, but later we crawled though it in a lot of detail, along with a few "hemi guys" that were around. This car is most unmolested showroom original that I have ever seen. The only things that seemed to be changed from factory new were the battery, exhaust, and tires. The blue streak original spare and jack appeared to never have been out of the trunk. It spent 28 years in the Macroder (sp) Museum in Phoenix, was purchased new in Florida, and when the museum was dismantled went to a Ford collector in Washington around 2002, who traded it in on a new Ford GT last year. After we get a chance to sort out the names of the owners, we may need some help in tracking them down. It came with an original build sheet, and the fender tag is there. Does anyone know this car??
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PaulD '64 R-Code Mercury '62 421 SD Catalina '66 L72 Impala SS '66 R-Code Fairlane |
#293
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By the way, I also got that '64 Mercury R-Code at B-J. Looks like a nice original with all factory docs. Anyone familiar with that one? Lot 1020. I know......so much for downsizing the collection!
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PaulD '64 R-Code Mercury '62 421 SD Catalina '66 L72 Impala SS '66 R-Code Fairlane |
#294
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[ QUOTE ]
.......the description said the car had a window sticker or some other paperwork. This to me implies a real one...... [/ QUOTE ] It's a shame how the scammers double talk has legally worked its way into our hobby; "Numbers matching" and "correct factory date coded equipment", back in the old days that meant original, "born with" components. Do we need lawyers now to buy cars for us so we don't get ripped off? We can not count on the second hand descriptions by brokers and auctioneers to be anything but heresay. They quite clearly absolve themselves of any liability concerning a vehicles authenticity. We're back to the sixties, "Let the buyer beware" |
#295
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I may be able to get some information on the chevelle from the new owner who is a friend of a friend. The guy is a retired NY detective now living in FL.
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Steve Shauger The Supercar Registry www.yenko.net Vintage Certification™ , Providing Recognition to Unrestored Muscle Cars. Website: www.vintagecertification.com |
#296
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Paul D
I would like to see and hear more about that 66 Hemi Satelite in the future. Maybe a members rides feature? |
#297
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The car looks like it left the factory last week, amazing.
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#298
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There were some very nice documented cars there with storyboards and copies of their pedigree.One that came to mind was an Olympic gold cross ram that I believe sold for over 160k.
So if last year was percieved as the top,and this year some great values,what does 08 bring?.Maybe the fact everyone who watched from their living rooms last year sat up like prairie dogs in front of the TV and decided to head to boom town and cash in..the floor was certainly flooded with like cars and that allows for choice. I didn't sell anything there but might at R&S next year.Can't see BJ going back to no reserve as SPEED would certainly object for obvious reasons.While I know some people are hopping mad at what their cars brought(and rightfully so) there has to be an almost equal and satisfied amount of buyers who scooped up some nice stuff at a song.I mean it's really no diff than Vegas with out a reserve right?.You're banking on the fact it will continue trending up .I equate it to stock trading-when the Jim Cramer idiot savants tell the retail fish to buy,buy,buy XYZ stock because it's undervalued it usually means the square side is more than willing to sell you their shares at that price(anyone remember the Wall St Journal feature on Boomers with Muscle in their portfolio last summer?)Don't get me wrong I have an LS6 and they took arguably the biggest hit of all,but to blame the auction house for not looking into their tea leaves and predicting a stabilizing market for sellers is not fair imo.Hopefully this was a healthy correction and soft landing,but it begs the question how will it affect the people who are doing high $$ restorations.So where to now St Peter?. |
#299
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.....While I know some people are hopping mad at what their cars brought(and rightfully so)... [/ QUOTE ] Although I sympathize with anyone who lost at the auction, I have to ask what do you expect from a no reserve auction? Surely anyone who put their car in a no reserve auction understands the inherent risk of what may happen. Yes you could end up with a fortune but you can also end up taking a very large and vile tasting pill. Hell, there's only 30 guys bidding anyways......
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It is impossible to certify a COPO or Z/28 as authentic without verifying that it is not a rebody... |
#300
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I just got a call from a friend . People he knew took a car there expecting 1 mil. It sold for 300K instead and there are screaming because the auction ended too soon and they produced two people that were willing to bid much higher than the 300K but nobody saw them raising their hands. Shame on them for not bidding sooner or not letting a bidder assistant know they intended on bidding. The same people selling the car bought it about 3 years ago for 75K and they are bitching because they didn't get 1 mil. I lost out on something in the memorabilia auction because I tried bidding at the last instant but shame on me.
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