I was just info. checking results for Mecum Monterey , and I think I'm somewhere between sick and stunned .
It appears that around 3 hours ago , Paul accepted a bid of $ 51,000 , on his beautiful , real , red , 1 of 54 , no questions , car .


I really hope someone from this Forum bought this car . He was looking for 90,000 + on this absolutely stunning car .
Somebody really got a beautiful car . I'm thinking sick
Regards JT

 

It hammered at 52,500.00. Unfortunately these great cars don't seem to bring the big $$$

 

Not that I own anything close to being that nice, when its time for me to sell I will probably get nothing for the cars. The baby boomers, 60's 70's generation people will have been over and done with this stuff and the younger crowd not interested and the rest building fast and furious....

 

wow, you just never know - its a great car but no matter how you slice it it isn't a mopar, chevy or a 1970. For what it is that is a ridiculously low price in my opinion, there are probably 100 people now saying heck I should have offered him 70k!!!!

 

I'm absolutely stunned it sold for that amount. It's not the fact it's an Olds,I think the venue might have had something to do with it. It might have brought more back east but who knows for sure.

 

Low money for a rare AND desireable car. Unfortunately at these auctions (for the sellers) some of these jewels go for a bargain. A friend of mine recently sold a box style bronco all stock, for close to 50K, he also told me a janer 1st gen mustang went for a couple more. Go figure.

 

Agreed, A lot of Monterey are European cars and prewar isn't it. Muscle cars seldom sell well with that crowd, good reason to go there. I see a 71 Pantera went for 50k, seems under-priced as well

 

"no matter how you slice it it isn't a mopar, chevy or a 1970"

so true unfortunately

 

Its so true the young people these unless directly exposed to these cars generally have no interest.
I often wonder will the interest/value be the same for classic cars in 15 to 20 years.

 

Why do you want these cars to be worth so much? Anyone here in it for the money? What I have I don't intend to sell, and what I want I'd prefer to be low priced. I want these cars worth enough to keep them respected by their owners, but if no one else likes them, that's fine with me.

My other car is a Monte Carlo, an early one. The Chevelle guys may treat an Olds guy like a once removed cousin, but a Monte Carlo is a red-headed stepchild to them. But, it's about the same feeling. It'd be worth more with Chevelle sheet metal.

Let them be worth what they're worth, and let someone else worry about it.

 

this will always be debatable, I agree with you Koda but facts are facts, prices are going up and many feel when their cars increase in value it validates what they are. And no one will ever complain about something they purchased being worth more the next day (at least one shouldn't). In Paul's case you just can't help thinking its 1 of 54 and how many are left and with his known history - put all that together and you should have a 100k + car easily.

I thought his asking price was fair. As expensive as I thought that was when I saw the car I was thinking at an auction it would go for either 60k (under priced) beacuse it is a 66 Olds, or 150K (two people driving up the price cause they know what it really is) - but not many have that kind of money. Unfortuantley for him it went low but I bet he still profited (or at least I hope he did)

Of course I wish it was a 5k car cause as I would have bought it the minute he listed it if I had to use a credit card or sell apples on the corner.

It makes owning a valuable car a conundrum too, you know how many people tell me I should sell my cars. I get tired of hearing it.

 

Thats truly amazing. I never in my wildest dreams thought it would go for that. If I knew I would have bought it. I never thought of offering that low since it would appear offensive. Heck jeff salinardi paid 10000 for a complete rot box autumn bronze w30 bout 4-5 years ago and that had nothing original except rear end. Had no paperwork buts Anderson's approval. Just the air cleaner and tri cap setup is gonna cost him another 20000 now add endless metal work and paint and interior and hes prob another 25000 plus all the new mechanicals and small crapnand another 20000 and I know more stuff he will be 70-75000 in the car and it an undocumented one. This is getting to expensive to restore the rare stuff!!!!

 

Put that in the well bought category. That is a very low price for that car.

 

Wow!!! Gotta be a reason behind it all. Paul knows this game as well as any of us.
Truthfully, only two words come to mind: Shocked----Disappointed
I agree with the others as to the wrong venue. I look for this car to be "flipped" or sold at another auction in the not too distant future. I don't know who the buyer is, but he/she made what looks to be a smart purchase. I'm not sure I agree 100% with the age group dwindling on values of our cars. It is usually people in our age group who are the ones that HAVE the disposable income to play in this "sandbox". And yes........I, too, would have bought it for MORE than $52k had I known it was going to change hands for that kind of money. I seriously doubt Psul would have accepted an offer like that before the auction.

 

Well put Dave. This bidding war would have been between me and u lol. I honestly thought she was gonna at least go for the 80s min or the 90 he was asking. Heck six figures is where she belongs.

 

No telling how many 70-72 MonteCarlos were demolished for bucketseats/consoles, dash panels, disc brakes, 12 bolt rear ends and 402 big block engines for Chevelle use.

Henry

 

Had I known the car was available at that price it would have stayed in Canada in my garage.

 

I wonder why he chose Mecum?

 

Wow. To me that car was one of the 'holy grail' cars. Should have sold for twice that.

 

X2. Still can't believe a 1 of 54 with less then 20 known to exist went for that

 

Thing with these cars is they don't change hands often and there is really no history of known sale prices on the factory built cars

 

X3 on that, unbelievable.

 

I've drooled over this car. Good buy, here's to lower prices!

http://www.mecum.com/lot-detail.cfm?...=CA0814-190525

 

I also agree the wrong auction site, but didn't he have a reserve?

 

Only thing i am shocked about is why such a low reserve and not what it sold for,the way people on here are talking is they would of bought it in a second at that price, but talk is cheap....interesting, i wonder what was going thru the sellers mind

 

Agree, talk is cheap but I don't think anyone on here who knows anything about 442's let alone 66 W30s would have thought this would go for that low of a price. As I mentioned earlier it really doesn't surprise me that the bidding only went to 52k, what surprises me is that he let it go for that much. But we know nothing of the circumstances and who knows what the profit margin was.

But again until someone has the cash on hand its not an offer - its talk.

I get offers for my cars all the time (and no one has ever been close to what I would take!!!!!!!). And it usually starts out with "how much you want for it." After all these years I have learned not to bother saying what it would take to separate me and my vert as 99.9% of the people making offers have no idea what a 1970 W30 convertible with a W27 is worth. But if I was at an auction, spent money getting it there and needed the cash and knew no matter what at the end of the day it would be sold who knows what I would settle for.

I and many other folks would have been more than happy to buy that car at 52k knowing what it is. At this point I'm not sure I could have kept it, and I would have felt terrible flipping it. And for every person who says "I would have bought it, I'm sure the majority would not have the cash on hand instantly - me included.

 

You are so right, people always talk and when they are offered the car you then hear crickets Lol. I think most people just want to see how cheap they can get someone to go on their car.

 

when that buyer got done paying auction fees and taxes it will be up there

 

The real winner is the auction.

 

Mecum's sold it price says , 51,000 . Buyer 56,100 . Paul 46,100 .

It could have easily been 52,500 . Buyer 57,750 . Paul 48,300 .
In the 50 + transactions I've been around , and these are only Barrett - Jackson Scottsdale , I have never seen a person pay a state or Local tax .

I have seen this car in person 3 times . All at Scottsdale Pavillions . It is nicer in person that it is in pictures . Real documentations , # 18 on the Air Cleaner Base . Extremely useable and honest car . As much as I wanted to speak with Paul , he was many times surrounded by a lot of people . Knowing what I know today , that car would be in my brothers Garage .

My point on this car , is that it was uncompromisingly real . This window of opportunity , situational and small . To borrow from another thread , there was a roached W - 27 , aluminum center section , 1970 442 , rear end on Ebay that just brought somewhere around 8,000.00 . W.T.F.
I could care less what this car , or any car brings at auction . The cars that grind me into submission are the " created " real cars . There are more 1967 Corvette , 427 , 435 HP Tri - Power cars in existence than Chevrolet ever built . Same with 1969 , Z 28 , Camaro's . It is even worse with L - 89 Aluminum Head 396 Chevy people . AND , sadly , new ones are built every year .
I started working at Southdale Ford in Edina MN in 1967 . 14 yrs old , and the happiest lot boy you could imagine . Hung out at Minnesota Dragways and Twin City Speedway / Dragways . Virtually every muscle car I was around was a DAY 2 car . My Father died on the Show Floor of Jay Kline Chev on Lake Street in Minneapolis in 1975 . Both Jay Kline and Grossman Chev were Yenko dealers . We did not have any killer street Yenko's on the streets of Minneapolis . And most had disappeared by the mid 1970's . I really do not want to get started on Boss 429 Mustangs .
Those cars were helpless for street racing .
But , it was the Golden Age . The raw beauty of all of these street beasts was a sight to behold . And most of the money makers I was around came off of trailers and into action . Good Times .
I hope somebody really appreciative became the buyer / owner of this car . We are all just caretakers . I have met only really good folks on this forum , maybe this person will be on here ..
JT

 

It is really unfortunate the car went for so little. I think the Venue had much to do with it. Those guys at Barrett-Jackson with deep pockets always adding to there "Museum" collection most certainly would have paid more. The car had been for sale in the pass and people just were not buying, so I think that had something to do with it. Also, some time when you remove a Reserve it creates action from buyers, I guess it did not pan out. In reference to Koda's comment. I think we all would like to be able to pay little for these cars, but when someone has $50000 or more in restoration costs the owner wants to know he can recover his investment. The cost of restoring these cars is a big reason the Value keeps going up.

 

X4...someone stole that car. I've seen that car in person and it was flawless!

 

I agree with Koda. I don't think it is unfortunate from the market standpoint. I'm quite aware of all the the problems caused by high problems. And I don't need my ego stroked by someone thinking what I have is worth big bucks. Cost of restoring the cars being the reason? Try the cost of restoring going up because the values are. High values are only good if and when you sell. And that is selfish at that rate even.

I do feel bad for Paul being stuck on the low side of the curve, as he deserves better. As far as I'm concerned, that car should be far more valuable than the '70 W30 4-spd convertibles that bring the top dollar. I see no reason they should be considered any more valuable than a '66 W30.
But then again, I'm not out there trying to sell one. If you know what I mean.

 

BINGO, I agree - but that is market driven - different body style and more cubes in '70 - though I bet the 66 off the show room floor would beat a 70 9 out of 10 times. Makes you wonder about supply and demand doens't it.

I have a loaded 2004 Suburban minimum rust - offers anyone? could be a rarity in 50 years.

 

I am as shocked as the next guy by this too. I can relate as i had a bit of a time selling a 4 speed 66 442 F-85 last year. I did find the right guy that was looking for the right car. Now I have seen the red one in person and to me it was real nice BUT looking a little aged in spots. I don't want to come across as nit picking the car, but if a collector-enthusiast did not buy it then I would not be surprised if it would get a front clip removal restoration. I think about 40 hours with the car could have brought it up another 20k. That is just my opinion of what I saw.

 

And needs a complete detail and refresh to bring it up to #1 condition. Not knocking the car or owner, Ive seen it in person and its a very nice and very rare car. Probably the most documented 66 W30 on the planet. BUT its not flawless. Even in the Mecum auction photos its missing the oil cap, all important shroud and upper radiator hose. I know those parts are on the car but its not a good look for prospective buyers.

 

Weird, we posted the same thing at the same time. I felt the same after seeing it at MCACN last year.

 

^ right. I was so excited to see THE car in person thinking man if i had 80k in the checkbook that weekend. But was a little bummed after looking at it. I didn't look at the mecum site yet but by your description if ther was a engine bay shot of no shroud??? Well that would make me turn the page real quick had I not known about the car. But i don't think there is anyone out there who would have thought he would have accepted 1/2 price (after his takehome) from mecum.

 

No way I would ever think that car would sell for that.

 

Hope it went to a good home, to bad no one on the site new about the car being up for sale.
This is the second good deal in what two weeks the other being a 70 442 W30.