Thread: wow- wish i had the money

Tweet

Secret stash of classic cars to be auctioned off - Video on NBCNews.com

That one has gotten so much internet coverage that deep pocket buyers will be crawling all over that little town, or more likely burning up bandwidth with on-line bidding. People are talking about the "value" of the new, untitled vehicles as if they will be able to get in, turn the key and drive home a pristine vehicle, when in fact they have been sitting idle for fifty years. Many got moved outdoors, and some with glass broken out, but it's still a bunch of early iron with surface rust. That '58 Cameo with one mile on the odometer also has the front of the roof bent in and a cracked windshield from part of the building roof falling on it over the years, but the angle of most coverage avoids that feature. These cars will require a lot of restoration dollars to make them valuable, but it's indeed real - September 28/29, 2013 the little town of Pierce, NE will be jumping!! - http://www.vanderbrinkauctions.com/a...php?detail=135

Roger, I understand "everything" that you have said above and all of it is (basically) true. I had posted this auction previously and your reply was pretty much the same but what I'm wanting to know is, do you think there is a "bad guy" in all of this? All I see is a "Collector" that is selling off his "Collection" and an Auction Company and Internet that is making it a lot better for him.

Not trying to stir up anything just wanting to know more of just exactly what you're saying here.

Have a blessed Sunday,
Em

P.S. I would love to go watch this thing in person but I don't dare. LOL

Friend of a friend was down there with the auction company, ain't no premo pieces there!!! According to him, all the cars are suffering from severe neglect. Prices will be high, but the buyers are getting a lot more story then they are fine car!!!

I'm half tempted to cruise over there just to witness it and just see all the crazyness. I agree, most of this collection is all cars in need of restoration. But they are all original to start with for the most part.

The auction is on the History Channel now!

the '58 Cameo pickup went for $140,000. 1.3 miles on it and a guy from Pearce, Ne. bought it!

Originally Posted by Dave Severson

the '58 Cameo pickup went for $140,000. 1.3 miles on it and a guy from Pearce, Ne. bought it!

That's the one with the caved in roof and broken windshield, right? That's just craziness, IMO.

Yeah, the prices are absolutely nuts! I'm no purist or original type car collector, so it really seems nuts to me! '63 Impala just brought $97,500!

Originally Posted by rspears

That's the one with the caved in roof and broken windshield, right? That's just craziness, IMO.

Nope, not the caved in roof truck, a different one.

I think this is a sign of the times we're in (and no, I'm not taking a swipe at people who have earned where they are in life). Cars that have "a story" or some significant attraction (Ferrari for it's Italian heritage, '32 Fords, low mileage, demand cars with documentation, that sort of thing) are still moving and bringing good money. More, shall we say, pedestrian cars are sitting on the market for a very long time. I sort of track this stuff, mostly out of personal curiosity, and there are all kinds of "projects", mundane cars, cars that have always been "entry level" kinds of rigs, just aren't moving very well right now. Historically collectible, yet comparatively modestly priced (e.g. Model A Fords), have got to chase the pricing level down til they find a buyer. All of which likely means that folks who have been more successful in life, and who are still interested in "collector" cars, are out there buying what they perceive as significant collector cars, but the folks who were the bread and butter market for the lower end stuff aren't feeling confident about spending money on "toys". That's not the same as saying the hobby is dead, it's just that the field has narrowed............perhaps a lot. I know my sales of old parts has slowed down considerably for all but the more select pieces. Occasionally some of the old style buyers show up, but nowhere near the rate they had been. Economics in action.........

Originally Posted by Dave Severson

the '58 Cameo pickup went for $140,000. 1.3 miles on it and a guy from Pearce, Ne. bought it!

From the Pierce, NE World Herald writer David Hendee,

The '58 Cameo was the last of its Chevy line. Only 1,405 were built. It's the rarest of the line. Bidding started at $50,000. Within about 90 seconds, Steve Ames of Marlborough, N.H., was the pickup's first owner. “What have I done?'' he said as a congratulatory crowd surged in on him.

Got to wonder how many of these will be redone and wind up at the Barrett-Jackson auction in Scottsdale next January???????

I have seen some stupidity in my life, but the people bidding this "collection" take the cake and there aren't enough words for the two "commentators".

Ask her if she's going to ship the car to Australia and just how does he figure it's going to get there? Where do they come up with these people?