Anybody goin to the Lambrecht Chevrolet auction?

I'll bet every buyer there is brighter than the bitchers here. You don't buy for too much,you buy too early. The majority of these vehicles will be SAVED because they are now an investment. The broke a**e* who cry because they can't afford to buy should hit the woods and find one.

 

Man I need to start an import business for just those trucks. Every listing up here is for a "Fresh from Alberta, only needs a little work $10,000"

I was also wondering who that o***e person was, wonder what the big use for pickup trucks in Brazil is?

 

Lambrecht is a noun; you mean is it a verb now?

 

Kinda makes us poor workin stiffs wonder! New expensive homes are being built in most cities, the lawn is landscaped before move-in, the young couples have an SUV, pick up truck, sporty car, boat, RV, and more. Still more are spending rediculous prices on cars at auctions. Yet others are out of work or working two jobs for under minimum wages. it just don't jive!
I didn't go to the auction or care about any of the rusty vehicles for sale. But it's been an interesting once in a lifetime event that will affect car prices for a long time to come.
I only worry that Mr Tax Man doesn't use this as a way to raise the value of our junk.

 

Some or many may disagree but I view the entire auction/circus and months of presale hype as simply entertainment. I don't believe the crazy prices paid for most (all??) of these vehicles will have a real lasting impact on the hobby. The crazies got their 15 of fame as they emptied their wallets and life will go on as usual for the rest of us.
I did watch the History Channel coverage last night as I babysat my daughters while the wife had a girls night out. That Brian Unger could not be less informed about cars. Rutledge? At least had some knowledge and passion and talked about putting a truck back on the road if could afford one. An evening of harmless fun.

 

old cars aren't a sport anymore , they are a profit center

 

Smart business person for sure, but not necessarily saving cars. I attended an auction a couple years ago where she started the bid for EVERY car, even the stripped, bent, and rusty shell of a '47 Ford coupe, at $400. I saw a scrapper buying about 80% of those cars (for the $400 starting bid). She made a lot of $400 sales that day, and probably quite a commission.

 

Those young couples are professionals in the medical industry, doctors or lawyers or others in the newest industry in the nation, the service industry.
Pharmacists, Optometrists, X-ray tech, Dentists and the list goes on.

They are smart and earning big salaries serving the needs of you and everyone else.

That is the shift that has taken place in the economy and if you are on the outside looking in it is tough.

They can easily afford the new homes and the toys too.

 

How about a list of the top ten money makers from the auction?

 

that could end soon too

 

The price of that Corvette pace car was just one example of speculating fools who know nothing about cars and their value, but are convinced they're gonna get rich off the latest collector car price bubble.

Someone in an earlier post had looked at the car and said the interior was rough, some emblems were missing, and the body had some problems that I'd guess were at the seams, yet some idiot paid $80,000 for it. Stupid beyond belief.

Those cars have been in every issue of Hemmings since they came out in 78, many of them still new to this day. There's one in there now for $39K with 38 miles and a couple dozen pics that show it to be in new condition inside and out. Examples show up regularly that were rolled onto a trailer at the dealership and rolled off into a heated garage, never driven, and they can be bought for $30K or less (real world prices, not Hemmings prices).

Even with the crazy prices some of this stuff brought, the idea that the collection was a good investment for the owner is false as well. Probably would've been a good investment if they'd been preserved, but that wasn't the case. If you look at the amount of money he tied up in all those cars for all those years, you'd have to get several $million just to break even with inflation. Further assuming the owner likely charged off all the cars on the books over the years, he'll have income tax due on every cent realized from the sale. And if the cars were charged off then he can't claim the money as a long term gain, so he'd also have self employment tax due on a good chunk of the receipts. It wouldn't be surprising if the tax man ends up with 40% of the gross. From a business standpoint, he wasn't any smarter than some of the buyers.

 

That is highly doubtful, the population keeps growing and people get older. There will be no end to what they need just to live life. As well as medical needs.

Get used to it, it is the new reality. The US is in service the needs of the population mode.

 

so did you want the '47 shit coupe?? then bid on it!!!! well thats not how it works, to "see the scrapper buying" the junk. the base price is set before the auction so the scrapper doesn't really have to be there. ALL CARS have a starting bid. if you want it you have to raise the bid!! if no one raises the bid it is Yvettes car. after the auction she takes the good no sales home!!!! SHE BOUGHT THEM!!!! the prearanged iron man gets whats left! do you really think you can buy a car for less than it is worth in iron?????? have you ever been to an auction where they start every P.O.S. at "dollar two"" and take everyones time to get to a fair price???? there is NO hassel with junk price!!!!! She is FAR to smart to let a good car go to the scrapper! about a year ago she had an auction and sold a bunch of cars!!!!! If you buy a parts car she will let you take your parts and leave the rest!!!! or you can haul it home strip your parts and you can haul it to the junk and still get $350

 

My buddy said you could see where thieves had pried the radiators from there steel brackets for scrapping and a 50s olds rad was so butchered and they still never got it out what about the tempest with rearward trans I have never heard of that

 

No reason to get all excited. Walt killed everybody on "Breaking bad".

 

I wonder what the 52 Bel Air sold for?

 

Ooo, I hit a nerve? Lots of exclamation points. So I wasted a day and learned how she runs her auctions. I'm sure to be prepared next time.

Yep, I wanted the coupe, but it was worth $100. I'm not stupid, and evidently the scrapper who bought it was. Probably worth $20 in steel all smooshed into a cube.

 

Groups of people getting manipulated into acting against their own best interest.

And its kinda scary to see how easy it can be done.

Here, all that happened is that some people way overpayed, so who gives a shit.

But it gets more serious then its not called hype, but propaganda.
Or doctrine.


I expect a lot of people to not agree with this.

And that's OK.

I'd much rather be wrong about something by myself, than be in a large group that is wrong about something...

 

Not surprised at the prices. I don't think there was a web site or news station that didn't mention this auction. Van der brink auctions know their stuff. She is very good at dispersing car collections. The reason cars started so high online is proxy-bid has had bids happening on line for several weeks, so in effect the auction started weeks ago. Paid too much? Probably. As long as the buyer is happy, who cares.

 

I was there and it was wood stockish. I said that as they trollied us in. We stayed away from everything being auctioned and just looked. No regrets. saw my buddy and had a great day. yeah nicer stuff was along the road for sale for sure. Too me the sad one was the 65 bel air wagon with 5 miles and the back windows rotted out of the side of it.

The black and white 56 chevy wagon looked nice til you got up on it. No floors and even the frame was rusted. JUNK

Hey, we can arrange next fall for a low mileage not as rusty auction in Oklahoma. I'll ask one of my farmer friends who plants wheat late in October. LOL

 

that was stock drivetrain for the Pontiac Tempest when it first came out back in the 60's ...I can recall these when new. Somewhat odd arrangement but it worked to help distribute the weight.

http://en.wikipedia.org/wiki/Pontiac_Tempest

 

Personal favorite:


$4500.
We drove all this way and you brought the trailer and there are only a couple of cars left BUY BUY BUY!!!!!

 

I guess I'm the only one who enjoyed watching the cars on TV, and hearing about the auction.

 

LOL, was curious as to how he adapted what looked to be a garage door opener (it did run on 12v, right?) to make the machine gun follow the "arc of fire"; didn't have to put any hard stops on it either.......simple but effective.

 

that was a weird car. del ray package, plane jane but had power steering, power brakes and something else. there were 3 of us talking saying maybe we should all go in. I need a bumper and something else but geeze

 

Besides the couple dozen or so new NOS cars, there was nothing special offered here thats not in any of the remaining old car salvage yards throughout the USA.

Obviously, Yvette has a Magic wand or she has the recipe for Jim Jones's koolaid. She's not a great auctioneer or a very knowledgable old car person but its evident she and her company know how to market an auction.

There mission statement, We have the "Seller" in mind, shined bright this weekend.

Good for them.

 

I wasn't there and its a neat car but the price is insane. There's a local '58 Yoeman wagon that's mostly complete, not much rust and most importantly isn't tree squashed for $800. I actually considered chasing the '64 Impala convertible via proxibid but $1250 plus $600 in diesel and a couple of missed days at work... I can do better for a car rusted in half.

 

The smart guys used them as a way to make money disguised as a hobby. I am one of them.....

 

I see it whenever the next new phone comes out. People lined up and nothing about the phone has really changed. Or how about Las Vegas casinos? They've been getting people to bet the 401K for years. People start looking at the flashing lights and next thing you know, junior doesn't go to college.

What's crazy is when you realize you've fallen for it yourself. I've bought stuff because of an ad on television and when I get home, I'm like, "WTF just happened?" and headed back for a refund.

I looked at all the people at that auction and thought, "People can be manipulated into doing anything."

 

yeah but whats deal with the losing bidder