The Last Bass Outpost
Main Forums => The Outpost Cafe => Topic started by: Dave W on June 25, 2013, 09:33:53 PM
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http://autos.yahoo.com/blogs/motoramic/scores-chevys-hidden-50-years-finally-sale-160911547.html with photo gallery and video
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Pretty amazing. A lot of people are fascinated by such things, including me.
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Awesome. Vintage car collectors must be freaking out over this.
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Wow!
It's pics like these that are freaking me out
(http://l3.yimg.com/bt/api/res/1.2/_gfQHgoQ9iQfwdOt4lP.mQ--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00NzM7cT04NTt3PTYzMA--/http://l.yimg.com/os/publish-images/autos/2013-06-25/dd77bf1c-7122-4284-a643-26baa904640c_1L_10.JPG)
(http://l.yimg.com/bt/api/res/1.2/n6eE9sFxgrskoLfhQZXbPA--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00NzM7cT04NTt3PTYzMA--/http://l.yimg.com/os/publish-images/autos/2013-06-25/db990bbe-feef-434b-8a92-2c2ea03bfcf1_11L_5.JPG)
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if that's the cream of the crop it does not look too impressive. i like the '64 impala. would make a nice lowrider.
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They'll certainly need some work, no doubt about it. Still, it's a treasure trove and the oxidized paint can be dealt with.
Maybe I'll bid on the Corvair, on the theory that it couldn't be a bigger stinker than the one I had.
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I could probably swing the Chevette Scooter :P
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I would bet that all the tires are suffering from dry rot, too. The gamble on those cars is that they weren't stored with care. They were just left in a building. Anyone notice the roof of the Cameo? It looks like something fell on it.
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I don't mean to demean them at all because it is a cool find, but those would be worth a LOT more (even in their condition) if they were collectable models. Those two extra doors kill that '56 as far as the mega bucks it would have brought as a coupe. The '78 'Vette is probably the most collectable of the ones pictured and even that one is on the lower/mid end of the 'Vette chain. There's a reason those are the ones that got put up instead of being sold.
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A few years ago a local Chevy dealer had a Corvette like the one pictured that had sat in a barn since purchased new. I remember reading that they didn't want to wash it as the dirt with the story had some value. It did sell for big bucks. It looked just like this:
(http://l.yimg.com/bt/api/res/1.2/4ISqEqBrDBUtLxK7S9wNRA--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00NzM7cT04NTt3PTYzMA--/http://l.yimg.com/os/publish-images/autos/2013-06-25/fb3bc5f8-2486-4f61-b9d5-91f9508c565c_15L_15.JPG)
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That Cameo pickup is a rare chicken - possibly the highest value vehicle - except for the roof dent. That's probably the reason it didnt' get sold.
Compared to any other vehicles their age, these things are GEMS! The big money problems in cars of that vintage are caused by rust. These are going to be essentially rust-free. Tires are cheap, and so are hoses and soft parts like door seals, etc...none of that really matters in terms of value. Even tearing down an engine or transmission, cleaning it up and re-assembling is not a big deal. What's important is what these vehicles do not have: rust.
I'm going to check into that auction and see if I can pick up a piece of automobilia.
if that's the cream of the crop it does not look too impressive. i like the '64 impala. would make a nice lowrider.
With that low mileage, that's practically a crime!! It would also reduce the value by about 70%.
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wait. low milage would reduce the value? did i miss something.
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wait. low milage would reduce the value? did i miss something.
I think he meant making it into a low rider would reduce the value.
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http://www.youtube.com/watch?v=CWxgfTMLtc0
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i think value would increase as a ground up restoration as a custom/hot rod. the stock version has limited value in spite of the low milage.
http://www.bing.com/images/search?q=1964+chevy+lowrider+photos&qpvt=1964+chevy+lowrider+photos&FORM=IGRE#view=detail&id=432C979B06BBFB12488270A9E1813D3D79F639F2&selectedIndex=42
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Ahhh lowrider.... Always been more of a 59-60 fan. Love them, uh, fins! :)
(http://i87.photobucket.com/albums/k125/0chromium0/auto/lrmp_0907_11_z1959_chevrolet_impala.jpg)
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Out past the cornfields where the woods got heavy
Out in the back seat of my '60 Chevy
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I think he meant making it into a low rider would reduce the value.
Absolutely. You could easily turn a $40,000 car into a $10,000 car.
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That '64, while nice, would be more desirable if it was a dual 4 bbl 409 equipped Super Sport model. The 327 is a nice workhorse though. We owned a '64 Wagon with the 283 powerglide and 4 wheel non power assisted drum brakes. It was very reliable though. Dad bought it new and we sold it in 1978.
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you really think that 64 is worth 40 grand. if so i have one to sell you. i bet it goes for around 6 grand. old cars are not as valuable as most people think. especially stored the way these cars were. low milage not withstanding. :rolleyes:
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I follow a number of auto enthusiast magazines and I am confident that a '64 with original paint, drivetrain and refurb'd interior and soft parts would easily bring $30K, more likely over $40K. These cars are valuable partly because of how they came on the market. The provenance is part of the value, and so is the incredibly low mileage. Any vehicle that has been in any service at all is worth much less.
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http://www.brownsperformancemotorcars.com/used/Chevrolet/1964-Chevrolet-Impala-Baltimore-056bc64640463845016b4be5548c5a90.htm
This one would bring the money easily.
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http://www.brownsperformancemotorcars.com/used/Chevrolet/1964-Chevrolet-Impala-Baltimore-056bc64640463845016b4be5548c5a90.htm
This one would bring the money easily.
That's an entire Beach Boy album
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now your talking refurbished. i'm talking about left in a building for over fifty years. dry rot on all the soft spots, a motor, tranny and rear end that probably wasn't drained of fluids and whatever else could happen over a half century.
ok, maybe 7500. :)
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now your talking refurbished. i'm talking about left in a building for over fifty years. dry rot on all the soft spots, a motor, tranny and rear end that probably wasn't drained of fluids and whatever else could happen over a half century.
ok, maybe 7500. :)
for 40 grand you could buy a really amazing car at a place like barrett jackson instead of a bone stock chevy.
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i think value would increase as a ground up restoration as a custom/hot rod. the stock version has limited value in spite of the low milage.
http://www.bing.com/images/search?q=1964+chevy+lowrider+photos&qpvt=1964+chevy+lowrider+photos&FORM=IGRE#view=detail&id=432C979B06BBFB12488270A9E1813D3D79F639F2&selectedIndex=42
Ground up restos generally are not worth as much as pristine low mileage originals. Same with just about any collectible including musical instruments. On the resale market customs/hot rods are rarely worth what they cost to build. Again, similar to custom instruments.
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now your talking refurbished. i'm talking about left in a building for over fifty years. dry rot on all the soft spots, a motor, tranny and rear end that probably wasn't drained of fluids and whatever else could happen over a half century.
ok, maybe 7500. :)
Actually, you and I are on the same wavelength here. Replacing hoses, body seals, rubber body mounts (it's a full frame car) and such wouldn't be a strong negative. The gas tank would have to come out and be re-sealed, and the engine and transmission should be disassembled, cleaned and re-assembled, but that's still not a rebuild. Biggest issue would be having a solid interior with original materials. If the car was where no sunlight hit it, the seat covers and interior could be intact...but my guess is they'd be brittle enough that at least the seat covers and padding would need to be replaced with NOS or top quality repro materials.
Two years ago I sold my 1958 Fiat Spyder - it had a quilted fabric covered dashboard, and had always been stored out of sunlight. The fabric was still intact and original, although brittle. Many of those relatively primitive 50's and 60's fabrics and vinyl hold up prettyd arn well if they're not exposed to sunlight.
At any rate, my contention is that turning the car into a low-rider would reduce its value. Its real market value is based on being a restored original with low mileage.
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i quick look on the interweb shows several nice restored models in the low 22k range. these are turn key cars that need nothing. maybe except an odometer than shows 1 mile.
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i quick look on the interweb shows several nice restored models in the low 22k range. these are turn key cars that need nothing. maybe except an odometer than shows 1 mile.
Important difference!
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Important difference!
You betcha! That makes all the difference.
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Let's face it, the market in collector and restored autos is purely emotional. There is no rational reason to pay a buttload of money for a car that doesn't drive as well, handle as well or have the safety equipment of today's cars, and that cost perhaps $2000-$3000 brand new.
It's another manifestation of boomers with lots of money spending it on toys form their choldhood. The same was true of "brass era" cars (cars of the 20's and 30's) until recently, but most of them are losing value as the people of that era age and pass on.
In such a market, having an original ONE MILE car might be worth another $10,000 or more, just by itself.
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The auction is today and Sunday. Not a lot of info yet on what sold for how much, but Autoweek's Facebook page (http://www.facebook.com/AutoWeekUSA) has some. They had a live stream which I missed. The '58 Chevy Cameo pickup with 1.3 miles sold for $140K! :o The '59 Chevy Viking pickup with 7 miles was bid up to $29.5K but didn't sell.
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A car can only be original once. That drives collector value these days. The pick up truck market has really been booming, at least in Meachum Auctions.
Personally I love resto mods which are bringing big bucks at auctions, usually around $100,000 depending on the car built.
Of coarse a lot of money went into these cars. I was surprised to see hoe much early Porsche 911s are going for these days.
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I follow a number of auto enthusiast magazines and I am confident that a '64 with original paint, drivetrain and refurb'd interior and soft parts would easily bring $30K, more likely over $40K. These cars are valuable partly because of how they came on the market. The provenance is part of the value, and so is the incredibly low mileage. Any vehicle that has been in any service at all is worth much less.
I'm going to check the auction results and see whether I was optimistic or woefully pessimistic. With that Cameo pickup selling for $140K I'm thinking that I may have grossly underestimated the resale of a '64.
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Scroll about halfway down this page for the live stream now going on http://www.autoweek.com/article/20130929/CARNEWS01/130929807
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OK, now I get to crow.
The '64 Chevy I argued about earlier sold for $75,000.
And I got flack for saying it could bring more than $30,000. Harrummph.
And a red '63 Impala that sold after it hit $97,000.
That's two points for me!
http://www.autoweek.com/article/20130929/CARNEWS01/130929806
Why? Because there ARE NOT any 1963 or 64 Chevy two-doors with 11 miles on them. These cars should not exist...and when they are found, people with lots of money spend it.
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I would have bought a new Corvette instead for that kind of $$. I see that 1 bidder has purchased the majority of the cars so far. (70% or so) I guess they will all be going overseas.
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Why over the water (and to where?) when there must be some serious collectors in the "home" country...?
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Why over the water (and to where?) when there must be some serious collectors in the "home" country...?
Yes, why overseas?
That does seem odd. You'd think that the collectors would be primarily in the US.
...OTOH, I know there are nouveau rich people in China that have a thing for US cars. But I've never heard that they are interested in restoring them.
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The '64 Chevy I argued about earlier sold for $75,000.
And I got flack for saying it could bring more than $30,000. Harrummph.
http://www.youtube.com/watch?v=uTmfwklFM-M
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The 1.3 mile Cameo pickup went for $140,000.
Personally, being involved in antique motorcycles, I wasn't surprised by any of these prices. As said earlier, you only get original once and no matter how well you restore a car, it will never have 1.3 miles on it from the day it was new.
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Seems Barrett-Jackson is mostly rich guys with big collections trading cars and driving prices up. "Sure, I'll buy that HEMI Cuda convertible for $XXX,XXX. I'll just sell the '63 Vette for $XXX,XXX." :-\ I need to find the right barn!
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Final tally = $2.8 million (http://www.autonews.com/article/20130930/RETAIL07/130939994/lambrecht-chevy-auction-of-rare-cars-draws-4-79-million-in-bids#axzz2gcQGtsm8). The second day sales were more modest.
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Did you guys see the interview with the old gent who bought back the '57 Chevy he traded in eons ago?
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Did you guys see the interview with the old gent who bought back the '57 Chevy he traded in eons ago?
I gotta look that up!
Been traveling this weekend, currently in ski town Breckenridge, CO where they've had 4" of snow. I'll share some fall color shots later...but bandwidth is a bit limited.