Barrett-Jackson Las Vegas 2014 – Auction Report

Barrett-Jackson Las Vegas 2014 – Auction Report Page Five

1940 Buick Special Convertible
Lot # 646 1940 Buick Special Convertible; S/N 13655100Z; Black/Maroon; Beige cloth top; Older restoration, 3 condition; Hammered Sold at $35,000 plus commission of 10.00%; Final Price $38,500. No Reserve – Pushbutton radio, skirts, red steel wheels, hubcaps, trim ring, heater, fog lights. – Sound old paint, chrome, interior and top. Dashboard, instruments and steering wheel are old. Surface rust bleeding through old undercoat in wheelwells. Documented with its original bill of sale. A sound but aged Buick driver. – This not very special Special worked its way through the auction calendar eight years ago, never selling at reported bids of $47,000, $44,000 and $46,500. It isn’t improving with age and the seller was wise to take the money on the table here in Vegas.
2000 Bentley Continental R Millennium Coupe
Lot # 651 2000 Bentley Continental R Millennium Coupe; S/N SCBZB22E1YCX63311; Black/Tan leather; Unrestored original, 2- condition; Hammered Sold at $33,000 plus commission of 10.00%; Final Price $36,300. No Reserve – The third of ten Mulliner wide body coupes built, loaded. – Driver’s seat shows a little wear. – Oh, dear. Sold at Barrett-Jackson’s Palm Beach auction in April for $66,000.
1971 Toyota FJ40 Land Cruiser Utility
Lot # 625 1971 Toyota FJ40 Land Cruiser Utility; S/N FJ4089245; Light Grey-Green, Light Green roof/Grey leatherette; Truck restoration, 3+ condition; Hammered Sold at $32,000 plus commission of 10.00%; Final Price $35,200. No Reserve – 3.9 liter six, Holley 4-barrel carb, 4-wheel disc brakes, Selectro front hubs, 60-40 front seat, center-facing rear seats, rear-mounted spare, black steel wheels, hubcaps, All Terrain T/A tires, Emu springs and shocks. – Good paint and interior. Chassis done like new. Factory turn signals broken and replaced by a strap-on aftermarket switch. Ugly steering wheel with crazed hub logo. Done to a budget. – With the Toyota-built version of GMC’s 236 cubic inch ohv six under the hood rugged reliability and pulling power are part and parcel of the FJ’s appeal. Restored to very good condition and largely like new with only some subtle upgrades (like the 4-wheel disc brakes) to improve safety, the impression this FJ creates is questioned by the makeshift turn signal setup and ugly looking steering wheel hub. The restorer’s decision to shortcut these two simple items calls into question the quality and attention to detail of whole job. The buyer paid for the overall good impression, reserving enough to cover the restorer’s inattention, but not much left over in case the visible shortcuts prove to be matched other more important and expensive places.
1970 Toyota FJ40 Land Cruiser Utility
Lot # 204 1970 Toyota FJ40 Land Cruiser Utility; S/N FJ4084391; Bronze, White roof/Bronze vinyl, cloth; Modified restoration, 3+ condition; Hammered Sold at $31,000 plus commission of 10.00%; Final Price $34,100. No Reserve – 350 V8, automatic, heater, tilt steering column, Grant GT steering wheel, hardtop, chrome diamond plate running boards and sill panels, Warn front hubs, front winch, HID driving lights, lift kit, Pro Comp tires, alloy wheels. – Orange peely clearcoat paint, good interior. Rusty black Allen head and bitched Phillips head windshield bolts. Chassis redone to good driving standards, not restored. Done to a price, not to a standard. – Sold at B-J Scottsdale in 2013 for $29,700. In contrast with glitzy FJs seen at recent auctions the selection here was weighted toward lifted, mildly modified outback-competent vehicles. Prices were appropriately moderated as well.
1957 Studebaker Golden Hawk 2-Dr. Hardtop
Lot # 652 1957 Studebaker Golden Hawk 2-Dr. Hardtop; S/N 6100706; Tiara Gold, Arctic accent/White, Gold vinyl; Cosmetic restoration, 3 condition; Hammered Sold at $31,000 plus commission of 10.00%; Final Price $34,100. No Reserve – 289/275hp supercharged, automatic, P/S, P/B, pushbutton radio, dual rear antennas, dual fender mirrors, wheel covers, whitewalls. – Sound clearcoat paint with some fisheyes. Good interior and chrome. Scuffed stainless windshield trim. Dull paint on roof. Old undercoat in fender wells has chipped off in places and shows surface rust underneath. Radio antenna masts missing. The ‘Regal’ fender mirrors rank among the ugliest excrescences ever tacked on a car by a factory. – Sold at Barrett-Jackson Scottsdale in 2007 for $56,100, then at Mecum Monterey in 2012 for $34,980, its value is getting marked down as the car gets older. Among the three Golden Hawks offered at Las Vegas this is, however, the one bought most closely to an appropriate price.
1967 Dodge Coronet R/T 2-Dr. Hardtop
Lot # 206 1967 Dodge Coronet R/T 2-Dr. Hardtop; S/N WS23L75119217; Pastel fellow/White vinyl; Older restoration, 2 condition; Hammered Sold at $30,000 plus commission of 10.00%; Final Price $33,000. No Reserve – 440/375hp, automatic, 2.94 axle, buckets and console with tach, P/B, P/S, pushbutton radio, chrome rim Magnum wheels, Radial T/A tires, aftermarket front disc brakes. – Represented as numbers matching engine. Very good paint, bright chrome and stainless, very good interior. Restored like new a few years ago and showing a little age but no material use. – With the 2.94 axle this is a high speed Interstate missile, able to cruise at seriously illegal speeds and still get decent fuel mileage. Originally delivered in Reno, Nevada, where in the Sixties it could use its high touring speed, it won’t impress at the stoplight drags, but it won’t run out of steam at 100mph, either, an unusual combination. The price is appropriate, but doesn’t give any weight to the long rear axle.
1957 Ford Thunderbird Convertible
Lot # 499.1 1957 Ford Thunderbird Convertible; S/N D7FH393797; White, White porthole hardtop/Black, White vinyl; Cosmetic restoration, 3- condition; Hammered Sold at $30,000 plus commission of 10.00%; Final Price $33,000. No Reserve – 312/245hp, automatic, skirts, wheel covers, cassette stereo, whitewalls, hardtop only. – Repainted a while ago and showing age and use. Driver’s side wind wing glass missing. Underbody was done long ago if at all and now is just old and dirty. Chrome is sound but not sharp. Hardtop seal at windshield is old, cracked and dry. A neglected T-bird that isn’t getting better with age. – Sold at B-J Reno a year ago for $39,600, neither is its price, but this is a reasonable price to pay for a used, tired and neglected T-bird.
1971 Toyota FJ40 Land Cruiser Utility Custom
Lot # 365 1971 Toyota FJ40 Land Cruiser Utility Custom; S/N FJ40089741; Yellow, White roof/Black; Modified restoration, 2- condition; Hammered Sold at $28,000 plus commission of 10.00%; Final Price $30,800. No Reserve – 350 V-8, haders,4-speed, P/S, polished alloy wheels, Mickey Thompson tires, roll cage, winch, Hella driving lights, custom seats, center-facing rear seats, rear-mounted spare, 4 inch lift, Dolphin and AutoMeter gauges, rear fender extensions, Rancho shocks and steering damper. – Fair paint with many dirt and dust inclusions. Good interior. Chassis done like new with some careful miles. – Thoroughly dolled up with uber-macho FJ-stuff, this FJ40 has presence and off-road competence. After an hour or so in the desert the dust in the paint won’t even be noticed, nor will the price.

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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.