Barrett-Jackson Las Vegas 2014 – Auction Report

Barrett-Jackson Las Vegas 2014 – Auction Report Page Two

1956 Mercedes-Benz 190SL Roadster
Lot # 793 1956 Mercedes-Benz 190SL Roadster; S/N 1210426503045; Engine # 1219216503111; Dark Blue/Brown leatherette; Dark Blue cloth top; Cosmetic restoration, 3+ condition; Hammered Sold at $125,000 plus commission of 10.00%; Final Price $137,500. No Reserve – Hubcaps, trim rings, whitewalls, fender mirrors, Solex carbs, no radio. – Very good paint and chrome. Seat covering is loosely fitted. Orderly and clean engine compartment. Underbody has old, peeling paint and undercoat. A pretty but superficial fresh cosmetic redo. – Offered at Mecum’s Indianapolis auction where it had a reported bid of $125,000, exactly what it brought here in Las Vegas. A sound and largely correct 190SL, but only superficially cosmetically restored even though the paint and chrome are very good (and make a great impression on the auction block) its price reflects the somewhat amazing values of 190SLs today. It’s a lot of money to pay for a 105hp boulevard cruiser. Why? Think what driving and show-off pleasure this much would buy in a Mid-Year or straight axle Corvette.
1970 Plymouth Road Runner Superbird
Lot # 781 1970 Plymouth Road Runner Superbird 2-Dr. Hardtop; S/N RM23U0A170840; Lemon Twist Yellow, Black vinyl roof/Black vinyl; Visually maintained, largely original, 2- condition; Hammered Sold at $110,000 plus commission of 10.00%; Final Price $121,000. No Reserve – 440/375 hp, automatic, P/S, P/B, pushbutton radio, Rally wheels, H70-14 Polyglas tires. – Very good paint, interior and bright trim. Underbody sprayed over old undercoat. Engine compartment is like new. Dull gauges, interior trim and switches. A very good older cosmetic restoration that shows little use, just some age. – Reported sold at Russo and Steele in Scottsdale in 2008 for $85,800. Mopars have taken a hit off their high levels of a few years ago and this result is appropriate in buyers’ present value hierarchy.
1970 Oldsmobile 4-4-2 W-30 Convertible
Lot # 771 1970 Oldsmobile 4-4-2 W-30 Convertible; S/N 334670M304209; Orange, White stripes/Parchment vinyl; White vinyl top; Visually maintained, largely original, 3 condition; Hammered Sold at $107,000 plus commission of 10.00%; Final Price $117,700. No Reserve – 455/365hp, automatic, Hurst His-n-Hers shifter, 3.23 limited slip axle, body color steel wheels, hubcaps, Wide Oval tires, AM-FM, underdash factory 8-track, Anti-Spin axle, Sport steering wheel, P/W. – Good repaint and interior. Top rear securing strip is loose. Engine compartment, chassis and underbody are aged and grimy. Represented as ‘All original matching numbers and date codes engine, transmission and drivetrain.’ An attractive and well equipped 4-4-2 but well-used and far from showable condition. – The consignor called this 4-4-2 a ‘professional full frame-off restoration’. It must have been a long time and many miles ago because today it borders on trashed. The seller could have spent this much money on a better car.
1969 Chevrolet Camaro Z/28 RS 2-Dr. Hardtop
Lot # 774 1969 Chevrolet Camaro Z/28 RS 2-Dr. Hardtop; S/N 124379N554929; Silver, Black stripes/Blank vinyl, Black houndstooth; Recent restoration, 2 condition; Hammered Sold at $87,000 plus commission of 10.00%; Final Price $95,700. No Reserve – 302/290hp, 4-speed, cross-ram dual quads, chambered exhaust, P/B, Rally wheels with trim rings, Radial T/A tires, pushbutton radio, front and rear spoilers, console gauges. – Represented as matching numbers engine, transmission and rear axle. Documented with original, invoice copy, sales order and Protect-o-Plate. Very good clearcoat paint, chrome, interior and stainless, but lightly scuffed around the windshield. Engine compartment is like new. Fiberglas hood is bowed. Claimed to be an original cross-ram car. – But who knows? The cross-rams were all dealer-installed and documentation that might have verified the intake’s installation when new wasn’t offered. It’s impossible to rate this ’69 Z/28’s condition better than the one that crossed the block earlier (Lot #718) but the RS trim and cross-ram go a long way to making up the $18,700 difference and will make a big difference when opening the hood on cruise night.
1958 Chevrolet Bel Air Impala Convertible
Lot # 458.1 1958 Chevrolet Bel Air Impala Convertible; S/N F58J247735; Engine # T708H; Tropic Turquoise/Turquoise vinyl; White vinyl top; Cosmetic restoration, 3+ condition; Hammered Sold at $86,000 plus commission of 10.00%; Final Price $94,600. No Reserve – 348/250hp, Powerglide, P/S, P/B, WonderBar radio, skirts, dual rear antennas, continental kit, spinner wheel covers, bias ply whitewall tires. – Excellent paint, brilliant cleome and stainless, good interior. Engine has been freshly repainted over old paint. Dual circuit master cylinder. Chassis and underbody are older and a little dirty. Sharp, fresh dash, instruments, steering wheel and interior trim. A pretty Impala but recently freshened for the auction and not uniformly presented. – Not as good as it once was but thoughtfully, if inconsistently, freshened for the auction. Even at that, though, this is a clearly superior price for an older restored and cosmetically freshened ’58 Impala with the cooking 348 under the hood.
2002 Ferrari 360 Spider
Lot # 455 2002 Ferrari 360 Spider; S/N ZFFYT53A620128081; Grigio Titanio/Blue leather; Dark Blue cloth top; Unrestored original, 2- condition; Hammered Sold at $85,000 plus commission of 10.00%; Final Price $93,500. No Reserve – F1 transmission, SF shields, silver calipers, carbon fiber seats, Challenge grilles, Xenon headlights. Assembly # 45201. – 11,812 miles, unblemished. – The modest miles, showroom condition and attractive colors brought a small and fully deserved premium.
1969 Chevrolet Camaro Z/28
Lot # 718 1969 Chevrolet Camaro Z/28 2-Dr. Hardtop; S/N 124379N578089; Garnet Red, White stripes/White vinyl, White houndstooth; Recent restoration, 2 condition; Hammered Sold at $75,000 plus commission of 10.00%; Final Price $82,500. No Reserve – 302/290hp, 4-speed, Hurst shifter, P/S, P/B, cowl induction, Rally wheels, trim rings, Wide Tread GT tires, 3.73 Positraction, console gauges. – Very good paint, chrome and interior. Restored like new. – Very attractively restored and presented, this ’69 Z/28 represents real value for the money.
1962 Chevrolet Corvette FI Convertible
Lot # 803 1962 Chevrolet Corvette FI Convertible; S/N 20867S104483; Engine # 21044830 F1213RF; Black/Red vinyl; White vinyl top; Older restoration, 2- condition; Hammered Sold at $71,000 plus commission of 10.00%; Final Price $78,100. No Reserve – 327/360hp, 4-speed, WonderBar radio, spinner wheel covers, narrow whitewalls. – 41,688 mile NCRS 1992 Top Flight. Very good older paint, chrome, interior and engine compartment that has lost its edge but is still better than most. Represented as matching numbers. – Sold by RM at Monterey in 2010 for $79,750, its condition here is so good it couldn’t have been much better four years ago and its value has held up very well, even [marginally] better than gold, $1,248/ounce in August 2010 and $1,211 today (a 2% drop in the Corvette’s value against a 3% drop in gold’s), a comparison that no doubt will send HAGI crowing about collector cars as a hedge even though gold sleeps under the mattress at zero carrying cost and cars need to be garaged, maintained and insured.

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  1. Thanks for the article Rick , and as for Tom Barret he was a real character , the L.A Times once called him the P.T Barnum of the Classic car world , and I knew him well , I remember staying at his house in Scotsdale and we were in his golf cart riding around his garages looking at his fantastc cars when I spotted an old beat up Cadillac Limo I said ” Tom what’s that thing doing here ? ” Tom replied ” Thats Elvis Preslys 1978 Cadillac Limosine ” I thought for a moment then said ” But Tom Elvis died in 1977 ” Tom came back straight away with ” Yeah , but he order it before he died ! ” a true salesman !

  2. Comparing old Corvette price degradation with that of gold is a poor comparison compared to the stock market in general. In the same time frame (4 years) that Corvette prices have gone down hill, the same money invested in the S&P 500 has done outstandingly well. Most old cars are very poor investments.