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Saved 62, my low mileage (35,8xx), award winning 1962 Oldsmobile Dynamic 88 convertible is being offered at auction. Bidding opens on 2 Dec and closes one week later on 9 Dec.
Very nice car!
The first 20,000 miles Mrs. Zimmerman put on the car were probably driven on many of the same roads I drive.
Crown Point,In is the next town over from me and I go through CP all the time.
You have such a nice car. Unmolested, original and honest. I have been watching the '62 Oldsmobile market as I search for my Cutlass and I can say that sadly these cars are just not moving right now for some reason. All the other '62 Oldsmobiles are sitting too, so it's not your car, it's just the market. All the comparable cars are sitting too.
I wish you the very best of fortune in the upcoming auction. I hope you have set a reserve you are comfortable with.
Very nice car!
The first 20,000 miles Mrs. Zimmerman put on the car were probably driven on many of the same roads I drive.
Crown Point,In is the next town over from me and I go through CP all the time.
Same here.....during the 60’s I was driving my 62 Starfire, bought at Lennertz Olds in Merrillville all around M-Ville and CP...Dave GLWS, I’ve envied your car for years.
Very nice car!
The first 20,000 miles Mrs. Zimmerman put on the car were probably driven on many of the same roads I drive.
Crown Point,In is the next town over from me and I go through CP all the time.
That Mrs. Z was friends with Danny Martino must be the reason she bought the car from Martino Oldsmobile in Lansing, IL?
A small world, indeed. Which town next to Crown Point? Like you and Dave26, I too am a "Region Rat," Born and raised in Gary, East Glen Park, Lew Wallace H.S. Class of '64. Owned one mean 1960 Olds Super 88 Holiday SceniCoupe with a factory three-on-the-tree. The selling dealer of that ride was Walter & Lennertz.
Any one willing to help spread the word on the upcoming auction amongst your acquaintances in the world of old cars would be both helpful and appreciated! Thanks in advance -
Same here.....during the 60’s I was driving my 62 Starfire, bought at Lennertz Olds in Merrillville all around M-Ville and CP...Dave GLWS, I’ve envied your car for years.
I remember Lennertz Olds,never bought from them though.
That Mrs. Z was friends with Danny Martino must be the reason she bought the car from Martino Oldsmobile in Lansing, IL?
A small world, indeed. Which town next to Crown Point? Like you and Dave26, I too am a "Region Rat," Born and raised in Gary, East Glen Park, Lew Wallace H.S. Class of '64. Owned one mean 1960 Olds Super 88 Holiday SceniCoupe with a factory three-on-the-tree. The selling dealer of that ride was Walter & Lennertz.
It is a small world indeed!
You know the term "region rat",your one of us lol
I'm in St John now.
I was born in Chicago but my Grandparents owned a house at 42nd & Georgia,as they aged they left the house and my family moved in there.
My Grandfather was the driving force behind organizing and getting East Glen Park little league up and running. He was head umpire many years and I played there.
I went to St.Joseph the Worker,Baily and Lew Wallace,class of 82.
It is a small world indeed!
You know the term "region rat",your one of us lol
I'm in St John now.
I was born in Chicago but my Grandparents owned a house at 42nd & Georgia,as they aged they left the house and my family moved in there.
My Grandfather was the driving force behind organizing and getting East Glen Park little league up and running. He was head umpire many years and I played there.
I went to St.Joseph the Worker,Baily and Lew Wallace,class of 82.
Well, Well! Our family homestead was on 44th Av at Georgia St. I may have delivered the newspaper to your grandparents? What was your grandfather's name? I played ball at East Glen Park Little League. I also went to St. Jo; grades K through 4.
Joe Ruffino IV says: I am keeping a close eye on ACC Auctions for your Olds. What an amazing car this is- I expect it to sell for more than the reserve price! - https://www.allcollectorcars.com/for...c-88-/2328429/
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I hope he is correct!
Nice try, but revealing the reserve amount would be counter-productive to the purpose of having one, wouldn't it?
Not at all. A reserve price is not a nuclear launch code type of secret. The purpose of a reserve price is to make sure that you don't sell the car for less than what you want to get for it. Assuming the reserve price is the minimum you'll take for the car, what's the harm in telling someone what the reserve is? If they want the car, they'll bid that amount, and the car is sold. Isn't that what you want?
Last edited by jaunty75; Nov 29, 2019 at 07:54 PM.
Assuming the reserve price is the minimum you'll take for the car, what's the harm in telling someone what the reserve is? If they want the car, they'll bid that amount, and the car is sold. Isn't that what you want?
Yes, but it reduces the chance of him getting more than reserve. Nobody wants to settle for the minimum if more can be gotten.
Yes, but it reduces the chance of him getting more than reserve.
It does no such thing. When the reserve price is met, this fact is noted on the auction website. EVERYONE then knows that the reserve has been met. Auction sites reveal the fact that the reserve has been met the moment it happens. This usually generates more interest because bidders know that, if they end up high bidder, they'll actually get the car.
Haven't you ever watched an auction on TV with Mecum or Barrett-Jackson? The moment the reserve is met on any car, they shout that information from the rooftops. It doesn't mean that the car can't sell for more than that. For that to happen, and for driving up the price in general, takes what it has always taken---at least two people wanting the car and bidding against each other. This is true regardless of whether or not there is a reserve on an auction for a car or anything else.
Well, Well! Our family homestead was on 44th Av at Georgia St. I may have delivered the newspaper to your grandparents? What was your grandfather's name? I played ball at East Glen Park Little League. I also went to St. Jo; grades K through 4.
Thats funny,if your family was still there 1976 or after I may have delivered papers in your neighborhood,thats where my route was.
My Grandfather was Joseph "Scotty" Weir. Involved with EGP little league many years.
The IGA and Tastee Freeze were my local stops at 43rd and all our parents spent a little time at Georgia tap. lol
It does no such thing. When the reserve price is met, this fact is noted on the auction website. EVERYONE then knows that the reserve has been met.
Haven't you ever watched an auction on TV with Mecum or Barrett-Jackson? The moment the reserve is met on any car, they shout that information from the rooftops. It doesn't mean that the car can't sell for more than that. For that to happen, and for driving up the price in general, takes what it has always taken---at least two people wanting the car and bidding against each other. This is true regardless of whether or not there is a reserve on an auction for a car or anything else.
Calm down.
It's still my contention that when bidders know the reserve before the fact, it can affect the outcome. Oftentimes, potential buyers will consult market and price guides prior to the auction and establish a price they're willing to pay before the bidding starts. If they know the reserve ahead of time, don't you think this will influence their bidding and possibly limit the eventual selling price? Wouldn't this be why none of the big auction houses disclose reserve prices prior to those limits having been met?
It's still my contention that when bidders know the reserve before the fact, it can affect the outcome. Oftentimes, potential buyers will consult market and price guides prior to the auction and establish a price they're willing to pay before the bidding starts. If they know the reserve ahead of time, don't you think this will influence their bidding and possibly limit the eventual selling price? Wouldn't this be why none of the big auction houses disclose reserve prices prior to those limits having been met?
IFsomeone lists a car for auction.......30 bids are received, reserve is not met, and the auction closes. What difference did keeping the reserve a secret make ?
IFsomeone lists a car for auction.......30 bids are received, reserve is not met, and the auction closes. What difference did keeping the reserve a secret make ?
Any one willing to help spread the word on the upcoming auction amongst your acquaintances in the world of old cars would be both helpful and appreciated! Thanks in advance -
I shared your listing on a Facebook group and have over 200 likes and counting. Hopefully one is a buyer!!
Looks like no sale. Bummer. Maybe you can advertise it as a rare Chevrolet Impala prototype or something. Sadly, in this market you might have to put humungous wheels with thin tires on it and loud dual exhaust to sell it. I saw this happen at a vintage car dealer. They had a beautifully restored 1960 Olds convertible in totally stock condition. It looked stunning. It sat and sat and sat. No sale. They swapped the wheels for some big trendy wheels and aftermarket dual exhaust and boom! sold.
It doesn't say. You may have to sign up and log in to see the high bid, I don't know. I did note that looking at the 20 cars listed on the first page of which the '62 Olds here is one, only two cars actually sold. A '61 Corvette convertible that had no reserve for $72,000 and a '96 Camero convertible Z28 that went over the reserve and sold for $12,000. All the rest did not meet their reserve. That kind of tells me that this auction site is likely not well attended and those that do bid are low ball speculators, not collectors.
I do not know why I am hesitant to state the selling price, but I am.
I do not know how reliable a gauge the price for a 1962, full-size, low miles, convertible that is a local, regional and national award winner will be for other 1962 Dynamic 88 Oldsmobile owners? To me, selling price is only a reliable gauge when one is comparing apples-to-apples. That said, I let her go for $2x,xxx.00.
Last edited by D. Yaros; Jun 14, 2020 at 09:45 AM.
Thanks much. I hope I wasn't being too inquisitive. I think given all the uncertainty out there, you did well -- although it is a stunning car. Congrats.
Thanks much. I hope I wasn't being too inquisitive. I think given all the uncertainty out there, you did well -- although it is a stunning car. Congrats.
I am not sure how the uncertainty is affecting the classic car market but it sure has not affected the classic car parts market. I am selling more now than I have in the past year. I can't pull parts fast enough.
For sure a beautiful car and I feel someone got a really good deal for this car.
I am not sure how the uncertainty is affecting the classic car market but it sure has not affected the classic car parts market. I am selling more now than I have in the past year. I can't pull parts fast enough.
For sure a beautiful car and I feel someone got a really good deal for this car.
I imagine there are a lot of people spending time at home with COVID-19. Why not work on the project cars?
Eric, I can see why more sales now, a bunch of people are working on there cars now.
I have gotten more done in the last two months than all of last year.
