The auction effect on value when the car doesn't sell

An R model '65 Shelby Gt 350 Mustang has been bouncing from auction to auction and has had bids from 1 million, down to $475,000 and isn't selling. The owner must have wasted a lot of money on auction house fees, and isn't through bleeding money in hopes of selling at a profit. It's going up at auction again this August at Russo and Steele, http://www.russoandsteele.com/press_release.html?prid=97

Car #530.... one of only 35 produced (1 of 25 still remaining) was shipped to Lima Peru on 7/29/66 and raced extensively on the South American circuit. It was the South American Champion in it's class and the Peruvian National Champion in the late 60's.

Raced by purchaser Bratzo Vicich, the car was the South American Class Champion during the late 1960s as well as the Peruvian National Champion as late as 1973. A second South American owned the car and ran it actively until 1980. Returning to the United States in 1984 in the care of George Stauffer, the car has had numerous American owners since and was campaigned with the Sportscar Vintage Racing Association with whom it has a permanent medallion as well as other well-known sanctioning bodies. Restored not long ago by Kurt Vogt of Cobra Automotive and in a museum for a number of years

image from http://vintageperformance-autosales.com/gt350r.html who for an unknown reason is trying to sell the car before the auction

11-mile 2000 Cobra R being auctioned on E Bay.. check your savings account, you don't want to miss this

read about it http://www.drivingenthusiast.net/sec-blog/?p=9975 there are 8 days left, a starting price of 70 thou (this was someones investment idea) for the #29 of 300 made in 2000

Bring a trailer says this has been on ebay a couple of times already... so obviously the owner is ready to cash out and is asking more than the market will offer. Consider that you can buy a new Porsche, new Corvette, etc etc etc for the 70 thou this guy wants for a non warranteed 11 year old Ford Mustang. I don't think he'll sell this for more than 40 thou

The famous vehicles for sale at Barrett Jackson this week

Stallone's Ford F150 that West Coast Customs built for Sly to drive in the movie the Expendables

Bret Michaels 1969 Camaro

Frankencuda http://justacarguy.blogspot.com/2010/11/troy-brumbalows-frankencuda-design-by.html which is said to be int he 5th Fast and Furious movie, and corroborated http://fast-and-furious-5-movie-trailer.blogspot.com/2010/08/fast-and-furious-5-movie-pictures.html but my guess it's just a cameo split second moment... not more than 20 seconds screentime.

Jesse James 1954 Chevy 210 built on his TV show by Gene Winfield, Bill Hines, Dick Dean, Fat Jack, Norm Grabowski and Jesse.

Alan Jackson is selling 3 cars, a 1970 Ram air IV GTO, 1970 Challenger R/T, and a 1967 Vette

A Cadillac that Elvis gave his dentist

and NASCAR team owner Rick Hendrick is bringing 13 cars from his collection.
read all about it at http://automotive.speedtv.com/article/autos-famous-cars-owners-at-auction

The 1963 Pontiac ambulance that transported JFK's body after the assasination

This 1963 Pontiac ambulance was used to transport President John F. Kennedy's body from Air Force One following his assassination in Dallas on November 22, 1963.

Details: This 1963 Pontiac Ambulance was made in June 1963 and is one of 15 delivered to various service branches. It's U.S. Navy data plate shows it was assigned to Bethesda Naval Hospital. Following President John F. Kennedy's assassination on November 22, 1963 it met Air Force One at Andrews Air Force Base.

94-49196 was used to transport President Kennedy's flag draped casket as well as members of the Kennedy family from Andrews to Bethesda and later to the U.S. Capitol. Following naval service, the ambulance was moth-balled and eventually sold as surplus. It is PHS documented. It was shown at the 2010 Military Vehicle Preservation Association National Convention where it won the Gold Award

Thanks to Gary for letting me know!

images and text from http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?aid=403&ln=1277&pop=0&it=1

Russo and Steele Collector Autos

Offered for Auction sale at Russo and Steele Collector Automobile Auction in Scottsdale, Arizona January 19th-23rd, 2011.

This Ford High-Boy was built by the legendary street rod builder, Jack Shepard, and designed by New Jersey’s Bobby Marotta. This 32 Ford Hi-Boy has won numerous awards including: Boyd Coddington Pros Pick at Columbus Ohio; Shades of the Past Top 25 Award at Pieogin Forge, Tennessee; Street Rodder Top 10 Award Good Guys at Rhine Beck, N.Y; Grand National Roadster Show (3rd Place) and Hottest Hot Rod, Good Guys Award at Scottsdale, AZ.

The body of this car is a Rats Glass body, which has received numerous modifications. All door corners and trunk corners were rounded. The body has been modified by channeling it from 2” to 0”. The nose was custom fabricated in steel. It has been stretched 4”, pinched 3” and dropped 3” at the triple chrome plated Jim Rench grille. The trunk lid is power operated with a polished Billet Hinge. This car is equipped with suicide doors with shaved door handles, power windows, power door lock actuators and remote key-less entry. This awesome 32 Ford also has a power license plate that raises and lowers and external battery connectors.

The flawless exterior finish is hot in Dupont Spectrum Orange two-stage paint system and custom pin-striped with variegated gold leaf by “Brodie”. The chassis is a Bobby Alloway creation which has been stretched 4” and molded to the body with no groove. All chassis welds were ground smooth and flawlessly finished with the Dupont Spectrum Orange paint. All electrical wiring and hydraulic brake lines have been routed within the chassis for a clean sleek look. The front suspension is a complete Heidts polished unit and the rear suspension is a 4 bar set up with coil overs. Budnick wheels with B.F. Goodrich G-force radial tires are on all four corners.

The drive train consists of a balanced and blue printed David Cooper Built 468 cubic inch engine. The engine is equipped with 10.5:1 compression dome pistons, high performance rods, steel crank, roller timing train, polished aluminum Edelbrock RPM dual quad intake with two polished 600 CFM carburetors mounted on top. Engine cooling is controlled by a Steve Long radiator and custom painted steel fan shroud. This incredible big block engine breathes through a set of jet coated headers and a complete custom jet coated dual exhaust system. Six hundred horsepower is transferred through a center force clutch to a Richmond 6 speed transmission. A scatter shield which is all finished in the same Dupont Spectrum Orange paint is in place for obvious safety reasons. The rear differential is a Winters polished quick change, spinning a set of 3.73 or 4.88 gears. The braking system consists of Wilwood 4 wheel disc brakes. All braking components have been polished.

The leather interior is a genuine Paul Atkins creation with reclining bucket seats. The interior also has a custom waterfall console. An Ididit tilt steering column is fitted with a polished billet and leather steering wheel. The 32 dash has been widened and outfitted with a set of white face gauges mounted in a polished billet face plate. The audio system consists of a Kenwood unit mounted in the trunk with a twelve-disk CD changer. All glass is custom fabricated and tinted. This 1932 Ford High Boy is a proven National show winner. Absolutely no expense was spared in the fabrication of arguably the best 32 Ford in the country.

Bugatti Royale for sale through Bonhams

above: Bugatti T41 Royale Coupé Napoleon via http://americanshaft.tumblr.com

I know these are two different cars, but getting good photos isn't always easy images via: http://supercars.net/

When built, nobody could afford them--production began right at the start of the Great Depression.

A mere six Royale's were produced and two were never sold, staying instead with the Bugatti estate.

This car, the 1930 Bugatti Type 41 Royale Kellner Coach (or 'Coupe') was one of those cars (bricked up behind a false wall during World War II). It stayed with the family until 1950 when both cars were sold to American multimillionaire Briggs Cunningham, who was himself a sports car constructor and Le Mans 24-Hours racing driver.

After more than 30 years of ownership, Cunningham eventually sold the car to fellow American auto connoisseur Miles Collier, who placed the Kellner Coach up for auction in 1987. The car sold for a record £5.5 million at London's Royal Albert Hall before an audience of 4,000 enthusiasts. Now the present anonymous owner--believed to be Japanese--has commissioned Bonham & Brooks in London to offer the Bugatti Royale for resale to anyone willing to pay the asking price.

http://sleetapawang.spaces.live.com/blog/

In the right place, at the right time, and even better... get paid to do it with a camera! Meet Laura, she posts private collections, celebs, etc

That is Laura, and Danny Trejo

Go over to her website for lots more, and comment to tell her to post the rest of the stuff! http://hagertyblog.blogspot.com/

Update to Ron Pratte post, the Darryl Gwynn Foundation

As has become a common and admirable occurance at Barrett Jackson auctions, Darryl Gwynn auctions off a remakable historic racecar, Ron buys it, offers it at auction again, it was bought by another collector who matched Ron's generosity, and was bought by a third collector who says it'll be for auction again soon.

Why the buy and sell, and the Gwynn connection? All of the money for the sale of Gwynn's vehicles go directly to the Foundation, with no auction fees, and everyone realizes that this astonishing generosity is to be applauded and continued by some who can afford it. Financially it may be a tax thing, but when over a half a million goes to a kids charity, I dare anyone to pick a bone with it. Respect, applaud, repeat.

For the full story and details: http://automotive.speedtv.com/article/autos-gwynn-dragster-scores-triple-header/

For the post about the collector and philanthopist Ron Pratte: http://justacarguy.blogspot.com/2009/01/ron-pratte-car-collection.html

Sonny and Cher Mustangs that Barris kustomized went for $198,000

http://www.pbase.com/xl1ken/fff0502

The pair stayed together and sold for $198,000.
Both cars were originally taken straight off Ford’s San Jose assembly line and the Motor Company commissioned the legendary George Barris to personalize these cars to reflect the couple’s flamboyant onstage personas.

Sonny’s Mustang was finished in Murano Gold Pearl, adorned by dark brown side panel and with an orange and gold fade-away treatment over the wheel wells and grille openings. The interior was upholstered with Bobcat fur and antique buffed leather trimmed with rustic suede.

Cher’s Mustang featured a hot pink pearl finish, blended with candy red, deep red side panels and a matching fade-away treatment. It also had white Ermine fur and black antique Scottish leather upholstery, trimmed in hot pink suede. Both cars were fitted with opulent three-inch long Mouton fur carpeting, Sonny’s in gold and Cher’s in hot pink.

Upon completion, the cars were used for publicity purposes before going on to appear in Sonny and Cher’s only feature-length movie, Good Times. Following the movie’s wrap, they toured the car show circuit before they were returned for the use of Sonny and Cher and later reverted back to George Barris. http://classiccars.about.com/

James Coburn Ferrari sets record auction price 10.9 million USD

Above image via: http://spiriteddrive.tumblr.com/

A 42 yr old British multimillionaire television and radio personality bought the 13th of 56 built '61 Ferrari 250 GT California Spyder for $10,894,900, the highest price ever paid for a vintage car at auction, according to RM Auctions and Sotheby's, the companies that organized the sale.

Coburn (who died in '02) bought the car second-hand in 1964, shortly after completing "The Great Escape." Coburn had this car tuned up by Max Balchowsky at Hollywood Motors. Balchowsky was a successful racing driver famous for his homebuilt Old Yeller racing cars. His garage was a popular hangout for Hollywood’s “genuine car guys” as Steve McQueen, James Garner and Coburn. Throughout Coburn’s ownership, he repainted the vehicle three times, first in dark blue, followed by silver and finally burgundy. The car appeared on the auction block in its original Nero black.

It may well have been Steve McQueen’s influence that sparked Coburn’s interest in fast cars. McQueen already owned a 1958 Porsche Speedster 1600 Super and a 1957 Jaguar XK-SS. He would go on to own a Ferrari 250 GT Lusso and a stunning 275 GTS/4 NART Spyder.

Between 1959 and 1960 James Coburn co-starred with him in three episodes of “Wanted Dead or Alive” (they shared the same manager). The McQueen family and James Coburn would remain friends for life. They co-starred together in their first feature film, “The Magnificent Seven” in 1960 and another iconic picture “The Great Escape” in 1963 where they were joined by friend James Garner.

For a full gallery of photos: http://www.finecars.cc/en/detail/car/20670/index.html?no_cache=1&ret=20&request%5Bfilter%5D%5Boffset%5D=0&request%5Bfilter%5D%5Browcount%5D=6&request%5Bfilter%5D%5Border%5D=price&request%5Bfilter%5D%5Bdesc%5D=desc&request%5Bfilter%5D%5Bdealer%5D=1003

Via: http://money.cnn.com/2008/05/19/autos/record_ferrari_sale/index.htm?section=money_latest

and http://classiccars.about.com/b/2008/05/22/1961-ferrari-breaks-world-record-at-auction.htm

and http://www.rmauctions.com/AuctionResults.cfm?SaleCode=FF08&CFID=606105&CFTOKEN=17436374#

Click here ( 1961 Ferrari 250 GT SWB California Spyder ) and then scroll down the list and click on it again for the interview with Scaglietti

Ferrari is having a garage sale aka auction

This auction is by RM Auctions, the Canadian company that is collaborating with Sotheby’s.


The star of the event is a 1962 Ferrari 330 TRI/LM Testa Rossa, the only 4-liter and the last racing Testa Rossa by Ferrari. It was driven by the endurance racer Phil Hill.


The other stars of the sale are cars well known to Ferrari buffs, well traveled to shows and concours and often auctioned. Some are simply legendary pieces of engineering and design, like the most powerful Ferrari of its era, the 1953 Ferrari 340MM, with a 4.1-liter, 300-horsepower V-12.

Some are famous for their drivers, like the 1970 Ferrari 512 S raced by Luigi Chinetti’s North American Racing Team twice at Sebring or the 1966 Ferrari Dino 206 SP. An alloy-body competition version of the short-wheelbase 1960 250 GT will also be offered, as well as a prototype of the F40 supercar.


Those with a more modest bidding budget will be drawn to the actual garage items — perhaps one of the more than 100 lots of racing memorabilia from the Ferrari archives — the real basement tapes.

http://autonewsguide.com/news/Ferrari-Turns-60-With-a-Factory-Sale/

Carroll Shelby's personal Cobra sells for $5 million

Auction details here http://www.speedtv.com/articles/automotive/lifestyle/34919/ in 3 minutes it was $1.5 million, at the 4 minute mark $2 million, at 4:45 it was $3 million, at 5:30 minutes it was $4 million , and at the 8 minute mark it went out for $5 million.

The buyer is Ron Pratt, who paid 4.1 million last year for the GM Motorama bus. Who the competion was that got the price that high is something I'd like to know.

That is a monument to the man, the legacy, and the craze that auctioning rare cars is. It made US history, World history, and it feels insignificant to mention that it made auction history.
http://www.speedtv.com/barrett-jackson/ for the 8 minute feed from Speedtv's website.

click on the link to my earlier postings for more info, a copy of the 1968 Motor Trend article in full, and other links for more on Carroll Shelby's personal dual supercharged Cobra Super Snake.
http://justacarguy.blogspot.com/2006/12/meanest-cobra-ever-made-ever-carrols.html#links

74 mile '70 Hemi Cuda, $500,000

A 62 yr old bought it, took off some factory stuff carefully for storage, installed race parts.... went racing for the rest of the year. Died that winter. His widow died a few years later and the son sold off the car for $3500 in 1977.

The buyer reinstalled the original parts, owned the car for 16 years, and only drove it for pushed it around for just 5280 ft.
Just one mile in 16 years.
330 ft a year on aveage.

My granny's chicken's fly farther than that with a good tail wind.

So it passed through some collectors hands for investment purposes, and in 2005 is purchased with 61 miles. This last owner tuned it up for proper operation, and auctioned it off for $500,000. It's the lowest mileage 70 Hemicuda in existance, and likely it'll never be driven over 100 miles. Sad, that's car abuse. To never drive it... might as well buy a house for investment purposes. It's never going anywhere either.

http://www.barrett-jackson.com/carlist/cardetails.asp?In_AuctionID=221&In_LotNumber=1262

If I read right, a 71 hemi convertable sold for $2.2 million. $1.7 million more for being a convertable.