Wayne Carini's 1930 Model A Hot Rod Sold at Barrett Jackson

I'm new to the H.A.M.B., and was prompted to join after seeing Wayne Carini on Barrett Jackson over the past weekend. He sold a 1930 Model A for just over $300,000, but stated during the bidding that it cost $1,000,000 to build!

Did anyone else notice this and wonder about that figure? He seems like a straight shooter to me, but was he really serious about that number, and if so, why take such a huge loss?

This is a link: https://www.barrett-jackson.com/Eve...CARINIS-1930-FORD-MODEL-A-CUSTOM-COUPE-238241

I'm very interested to see what ya'll think!

 

Was it purpose built just to sell? If so, Probably a car building LLC or naive group of investors. Gotta show where the money went and why no return on their investment.

Spend the money for the love of the cars. You can spend as much as you want, but don’t sell it. Disappointment occurs. Keeping them is much more satisfying.

Buyer feels like he made out like a bandit. Overpaid by a few hundred grand. It’ll be back on the block in a year and sell for 150k, then another year, another auction for $75k.


Sent from my iPhone using The H.A.M.B. mobile app

 

IMO the seller is a used car salesman. He also stated that he bought it a year ago and it's time to move it out to fund another purchase.

 

I would say there is some exaggeration going on in the build costs.......

 

Hmmmm wow had no idea that was his car..saw it at Autorama...when your paying a top shop to build a car to compete at the Riddler level 7 figures can happen pretty quickly...

 

Love that color and stance.

 

Other than the grill mods and its placement the car is awesome.
Seen it in person. Lots of detail and custom pieces.
Cost? Who cares.
You don’t build these for profit.
Want to advertise your shop! Build a super over the top car that gets lots of attention. Then sell it at a place that caters to wealthy people that likes cars.
Wonder how many potential customers were reached for this builder?
Did the owner get what he paid for?
Absolutely.

 

No disrespect intended, only saying what is so.....Wayne Carini is a ‘flipper’. He buys all types of specialty vehicles (collectible older stuff), improves them were needed, prepares them for resale and has great time doing it and usually turns a tidy profit in the process. Absolutely nothing wrong with that.

The Model A you cite in your post was no doubt somebody else’s ‘build’ that Wayne bought for less than he sold it for. If in fact it did cost $1 M to build, the hit was taken by the previous owner, not Wayne Carini.

You may be unaware, but Wayne Carini has a TV show, “Chasing Classic Cars”. You might find it interesting,

Ray

 

It looks like Wayne had this car built, and is the original owner.


https://www.calautocreations.com/builds/model_a/

 

When paying Craftsman of that caliber by the Hour to build a car like that I have no problem believing there was a Mill spent getting there. Doing it just means the Guy has way to much Money to start with. It actually represents that kind of Money spent when you get down to seeing the Detail and take into consideration just how many parts are One Off cast and machined. Did you notice just the seat cushions? No seams on any corners. That alone took a full hyde to make times 4 and that's some of the Cheep stuff. Knowing some can spend that kind of $$$$ and on what don't even matter is almost Grose to me. I guess his Wife already has to many Diamonds.

 

Perhaps, but I am not fully convinced that is the whole story. Carini is absolutely no fool and has decades of experience. He certainly knows approximately what cars like that sell for and would not knowingly expose himself to that kind of loss.

I have watched quite a few of Wayne’s programs and I don’t think this particular Model A hot rod fits Wayne’s demonstrated tastes. A few years ago, Wayne did commission Steve Moal to coach build a hot rod roadster. A really beautiful car, with Moal’s signature details and quality. But it was a lot closer in appearance to a ‘30s era Italian sports racer, like an Alfa Romeo of that period, though not a replica either.

I definitely have been mistaken before and will no doubt be in error again, but I feel strongly the money ‘facts’ here, or more likely, the initial ownership, are misrepresented.

Ray

 

It’s a work of art that functions as a car. Nearly every piece of that car was made 1 off for this car. The hour count to achieve this is unimaginable. Most Ridler cars are over $2M now. I was involved with the build of the ‘39 Olds that won the Ridler in 2016. My shop machined many of the off pieces on that car. These are not swap meet pieces thrown together with rattle can paint jobs.

 

Not a good business deal. Build it for $1,000,000 and sell it for $300,000. I wouldn't brag about that. Lot's of hype involved here.

 

I sell my junk too cheap.... and I'm changing my name to Charlie Hutton, anybody need some paint work done

 

Carini is not the original owner, nor did he have it built. 2017 Ridler finalist. Contender at World of Wheels too.
Quote:
fresh from its recent Detroit Autorama debut and Great 8 finalist honoring for the Ridler Award is Ted and Colleen Hubbard's absolutely amazing 1930 Model A coupe from Cal Auto Creations.

 

The CadMad won the Ridler, cost $2M to build and sold for less than Carini’s coupe. The nature of these high end cars, never worth the cost to build. Even high end restorations on stock collector vehicles rarely end being that the car is worth more than the cost of restoration, let alone the purchase price.

 

Those kind of cars are built WITH money, not FOR money.
We need to remember there are people who do not see money, cars, or "reality" like most of us do.

 

if the original owners had a TV show, they might have been mentioned. Un-knowns don't make for great TV. More power to Wayne. He bought it cheap, and made a buck on it. It's called good business. And I agree with Ray, that car ain't Wayne's style.

 

different strokes for different folks - their life is not your life - each must do what is best for them - when at a big event one of the most enjoyable things to do is people watch - so many variables out there

 

I had an ex-wife comment once on what I spent on my cars. Notice I said "ex-wife"....

 

Guy gets married and not too long later, the wife says..”now that we are married, I think you should sell your motorcycle and fishing boat”......Guy looks at her and says....”you are beginning to sound like my ex-wife”........stunned....she replies “but you said you were never married before!”....
“I wasn’t “ says he......

 

For seven figures I would expect a one month turnaround for the commissioned car. A group of fiour, two shifts a day with a 160 an hour billable rate. Should leave a couple hundred grand for materials, parts, and bonuses.

I don’t get how these projects go on for years. If you stop work to work on other clients projects, and only put in four hours a day, then contract out to those in the business that are the best. Even competing shops can be hired. Sometimes it is needed, and you already know that they know what they are doing. I do get the delays for special orders and interior/paint specialists. Hell even a week or two for vacation.

Watching some of the builds that happen here. The build quality is comparable in most cases, and with limited budgets.


Sent from my iPhone using The H.A.M.B. mobile app

 

You'd think that for that kind of money they'd get a proper scrub line .....

It's an amazing car, absolutely beautiful and incredible details. I'm glad somebody has the money to do it.

 

So he gets a 70000 dollar business write off, declairs his shop lost money and pays no taxes. He tag line is the seller knew it was going to a good home!! But as noted Wayne is in the used car business which never has and never will be considered a model for honest business practices. Especially when tv money is in the mix.

Best part of his show was Roger the old fart mechanic. But he unfortunately passed away. Rip Roger.

 

I wonder if I had stupid money if I would over build a model a

 

I read where there were more than 20,000 hrs of fabrication time expended on last years America Most Beautiful Roadster, the 36 Ford owned by George Poteet. If that's true and shop time billed at 100.00 hr., do the math. I don't think it's impossible for the Carini coupe to have cost a million to build. Most guys aren't building for profit, but for personal satisfaction and bragging rites. I know some of the shops write off many hrs of build time on a high end build.

 

Money has different meanings for different folks. I don't understand the thinking spending that amount, don't care what he does with his cash either.

 

nice but i would need to straighten the frame....

 

I dig the car, but oh so fucking tired of hearing anything that is B-J!!!!

 

[

"Best part of his show was Roger the old fart mechanic. But he unfortunately passed away. Rip Roger."


Are you sure of this?? Nothing on his FB page. I understand that friends set up a go-fund-me to help cover hospital bills from last year.