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

Discussion in 'The Hokey Ass Message Board' started by Day2Muscle, Jan 21, 2020.

  1. Day2Muscle
    Joined: Jan 21, 2020
    Posts: 1

    Day2Muscle

    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!
     
    wicarnut and gas pumper like this.
  2. Bill Lowe
    Joined: Dec 31, 2019
    Posts: 5

    Bill Lowe

    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
     
  3. gas pumper
    Joined: Aug 13, 2007
    Posts: 2,953

    gas pumper
    Member

    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.
     
    dan c, Fern 54, tractorguy and 4 others like this.
  4. oldiron 440
    Joined: Dec 12, 2018
    Posts: 1,509

    oldiron 440
    Member

    I would say there is some exaggeration going on in the build costs.......
     
    timwhit, Fern 54, Never2low and 7 others like this.

  5. 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...
     
    bondojunkie, Engine man and K13 like this.
  6. belair
    Joined: Jul 10, 2006
    Posts: 8,529

    belair
    Member

    Love that color and stance.
     
    Kamikazi likes this.
  7. anthony myrick
    Joined: Sep 4, 2009
    Posts: 6,146

    anthony myrick
    Member

    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.
     
    Fern 54, Texas57, teach'm and 5 others like this.
  8. Hnstray
    Joined: Aug 23, 2009
    Posts: 11,583

    Hnstray
    ALLIANCE MEMBER
    from Quincy, IL

    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
     
    Last edited: Jan 22, 2020
  9. the-rodster
    Joined: Jul 2, 2003
    Posts: 6,664

    the-rodster
    Member


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


    https://www.calautocreations.com/builds/model_a/
     
  10. 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.
     
    Dino 64, RAR1947, jim snow and 2 others like this.
  11. Hnstray
    Joined: Aug 23, 2009
    Posts: 11,583

    Hnstray
    ALLIANCE MEMBER
    from Quincy, IL

    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
     
    Last edited: Jan 22, 2020
    ss69rsss, XXL__, 6-bangertim and 11 others like this.
  12. 55styleliner
    Joined: May 11, 2015
    Posts: 552

    55styleliner
    Member

    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.
     
    catdad49, greg32, barrnone50 and 4 others like this.
  13. woodiewagon46
    Joined: Mar 14, 2013
    Posts: 1,711

    woodiewagon46
    Member
    from New York

    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.
     
    stillrunners likes this.
  14. Lloyd's paint & glass
    Joined: Nov 16, 2019
    Posts: 2,676

    Lloyd's paint & glass
    ALLIANCE MEMBER

    I sell my junk too cheap.... and I'm changing my name to Charlie Hutton, anybody need some paint work done ;)
     
  15. greg32
    Joined: Jun 21, 2007
    Posts: 2,054

    greg32
    Member
    from Indiana

    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.
     
  16. 55styleliner
    Joined: May 11, 2015
    Posts: 552

    55styleliner
    Member

    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.
     
    Hombre, barrnone50 and loudbang like this.
  17. belair
    Joined: Jul 10, 2006
    Posts: 8,529

    belair
    Member

    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.
     
  18. RJP
    Joined: Oct 5, 2005
    Posts: 1,650

    RJP
    Member
    from PNW

    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.
     
    Fern 54, Hombre, Hnstray and 3 others like this.
  19. Jalopy Joker
    Joined: Sep 3, 2006
    Posts: 25,264

    Jalopy Joker
    Member

    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
     
    seb fontana, jim snow, Hombre and 2 others like this.
  20. RJP
    Joined: Oct 5, 2005
    Posts: 1,650

    RJP
    Member
    from PNW

    I had an ex-wife comment once on what I spent on my cars. Notice I said "ex-wife"....
     
  21. Hnstray
    Joined: Aug 23, 2009
    Posts: 11,583

    Hnstray
    ALLIANCE MEMBER
    from Quincy, IL

    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......:D
     
  22. Bill Lowe
    Joined: Dec 31, 2019
    Posts: 5

    Bill Lowe

    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
     
  23. Blues4U
    Joined: Oct 1, 2015
    Posts: 4,867

    Blues4U
    Member
    from So Cal

    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.
     
    jim snow likes this.
  24. plym_46
    Joined: Sep 8, 2005
    Posts: 3,997

    plym_46
    Member
    from central NY

    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.
     
  25. nochop
    Joined: Nov 13, 2005
    Posts: 1,719

    nochop
    Member
    from norcal

    I wonder if I had stupid money if I would over build a model a
     
  26. krylon32
    Joined: Jan 29, 2006
    Posts: 6,609

    krylon32
    Alliance Vendor
    from Nebraska

    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.
     
  27. chopped
    Joined: Dec 9, 2004
    Posts: 1,968

    chopped
    Member

    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.
     
  28. jimmy six
    Joined: Mar 21, 2006
    Posts: 7,112

    jimmy six
    Member

    nice but i would need to straighten the frame....
     
    charleyw, RICH B, j hansen and 2 others like this.
  29. I dig the car, but oh so fucking tired of hearing anything that is B-J!!!!
     
  30. Hemiman 426
    Joined: Apr 7, 2011
    Posts: 587

    Hemiman 426
    Member
    from Tulsa, Ok.

    [

    "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.
     
    sleepchamber and tractorguy like this.

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