Tag: Auctions

By on April 2, 2021

VIN 001

VIN 001s are a rarity few can appreciate, let alone afford. Barrett-Jackson, auctioneers with aplomb, moved a handful of them last weekend at their auction in Scottsdale, Arizona.

(Read More…)

By on April 24, 2020

Former millionaire and ex-owner/CEO of Interlogic Outsourcing Najeeb Khan has been forced to sell off his entire car collection after declaring bankruptcy last year. Accusations of fraud from former clients and businesses partners really put Mr. Khan through the financial wringer. Multiple lawsuits claim the company failed to hand clients’ tax money over to the Internal Revenue Service — encouraging Khan to sell his business to Pennsylvania-based payroll firm PrimePay. While that certainly sounds suspicious, any determinations on his guilt are best left to the professionals.

Since Khan’s company has little to do with the automotive sphere, we’re not overly concerned with the details of the alleged monetary malfeasance, anyway. The important issue, from our perspective, is he now has to sell off his remaining assets. That includes investments made into various businesses, multi-million-dollar homes, and 281 vehicles — many of which are highly valuable and incredibly rare.  (Read More…)

By on April 21, 2020

2017 ford fusion, Image: Ford Motor Co.

At this point, only two things in our present reality bear any similarity to what took place in the Great Before: average new car transaction prices are shooting for the Van Allen Belt, and pickups sell like hotcakes. The relationship between 1 and 2 can’t be downplayed.

Everything else has been turned upside down by the coronavirus pandemic and the resulting plunge in sales spurred by both fear and state lockdown measures. Domestic market share is up, zero-interest loans are proliferating, and used vehicle prices are falling through the floor.

That latter issue could spell big losses for manufacturers whose main business is selling new vehicles. (Read More…)

By on February 27, 2019

Jerry Seinfeld is suing the company that sold him an ultra-rare 1958 Porsche 356 A 1500 Carrera after an earlier suit brought its authenticity into question. The comedian sold the car in 2016 for $1.5 million via a Gooding & Company auction only to see the buyer, Fica Frio Limited, claim it was fake.

(Jerry, just remember — it’s not a lie if you believe it.) 

Seinfeld is now seeking unspecified damages in a Manhattan federal court from European Collectibles of Costa Mesa, California. However, the suit’s primary mission isn’t about hunting for a payday — Seinfeld appears more interested in clearing his name and forcing the dealership into settling things with Fria Fico directly. (Read More…)

By on February 3, 2019

In addition to being one of America’s most-famous comedians, Jerry Seinfeld also happens to be a car snob of the highest order. His collection of vintage automobiles is so vast that he got the itch to sell a large portion a few years ago. As his fleet is already heavy with Porsches, his favorite brand, Seinfeld worked with Gooding & Company to get over a dozen under the gavel and make room for newcomers. Among these was an extremely rare 1958 Porsche 356 A 1500 GS/GT Carrera Speedster.  It sold in 2016 and, yada yada yada, eventually resulted in a big lawsuit.

Estimated to move at over $2 million, the model went for $1.54 million to Fica Frio Ltd. with the suit surfacing just a few days ago. According to details outlined in the lawsuit, it was brought to the United Kingdom after being purchased. Then, in March of 2017, Fica Frio asked Lee Maxted-Page, the Managing Director of Maxted-Page Limited (which knows its Porsches), to evaluate and prep the vehicle for resale. However, the appraiser expressed concerns that the Porsche might not be authentic.  (Read More…)

By on December 6, 2018

Today’s Rare Ride is what happens when you take the generally British idea of a shooting brake and combine it with some designers in Michigan who had big ideas.

It’s the 1985 Trans Am Kammback Concept. It’s real, and it is spectacular.

(Read More…)

By on July 18, 2018

Last week, a Lexus ES300 caught my eye. Glimmering two-tone Multiple Taupe Metallic paint called out to me, and frameless windows over thin pillars promised stylish and understated luxury. The 300 lettering on the back guaranteed V6 power and pleasant NVH characteristics.

And the low miles guaranteed a final sale price that was ultimately insane. Is there a method to the madness?

(Read More…)

By on June 7, 2018

Around Ford’s hundredth anniversary, heritage was all the rage. The company had already reintroduced the throwback Thunderbird and the Mustang was returning for the 2005 model year looking as close to the late-1960s units as possible. However, the corner piece of the company’s birthday cake was assuredly the GT40-inspired supercar the Blue Oval had in development.

Getting a little help from Carroll Shelby himself, Ford created the much-hyped car and offered it for sale in 2004 — with the left headlight reading “100” to celebrate the company’s centennial anniversary. Originally priced at $150,000, the first-generation Ford GT can easily go for twice as much on the secondhand market, with superior examples exceeding $500,000 at auction. With prices like that, you probably thought you’d never have an opportunity to own this particular piece of automotive history.

You would also be wrong, because there is a 2005 Ford GT for sale right now that nobody’s bidding on, and it carries an incredibly low reserve.  (Read More…)

By on April 12, 2018

Mopar fans are among the most steadfast automotive enthusiasts in history. Their ability to openly express their love for post-war luxury, classic muscle, and turbocharged compacts from the 1980s remains unrivaled. While an advocate for General Motors or Ford can certainly appreciate disparate models within their chosen nameplate, Mopar enthusiasts frequently push the envelope of sanity — at least, that’s the stigma.

If you’re unfamiliar with the stereotype, log into any car forum and write that you’re considering swapping an LS motor into a Plymouth, Dodge, or Chrysler. Congratulations, you just made a dozen new enemies. On the flip side of that coin, owning a vintage Mopar can win you a lot of respect within the community. While not equal in terms of prestige, owning a Dodge Aspen wagon will still net you loads of brownie points with anyone driving a Coronet Super Bee Six Pack or Omni GLH-S. Hell, at this stage in the game you might even get a thumbs up for buying a Plymouth Reliant.

Unfortunately, Chrysler’s immediate future doesn’t look nearly as bright as its often dicey past. That’s especially true for Dodge. The Viper is dead, the Challenger can’t go on forever, and annual sales are less than half of what they were 10 years ago. But its fiercely loyal enthusiast community remains, and they’ll have an opportunity to purchase the final examples of what may end up being the brand’s two most illustrious models.  (Read More…)

By on March 21, 2018

Fiat Chrysler Automobiles said Wednesday that it will transform the former Detroit production site of the Dodge Viper into a haven for historic vehicles. Unfortunately, it also said the collection will not be open to the public — at least not right away. Conner Avenue Assembly produced its last Viper in August, as updated safety regulations made future manufacturing impossible. The future of the site looked bleak. While large enough to produce hand-built models of a low-volume supercar, the 400,000-square-foot facility would prove insufficient for much else.

Many expected FCA to shutter the building until it could be sold.

Fortunately, that will not be the case. As the company prepares the space for the future, it’s auctioning hundreds of mass-produced and one-of-a-kind pieces of Viper memorabilia to benefit the local United Way. Afterward, the factory will be renamed Conner Center and house a collection of 85 of the company’s nearly 400 historic vehicles — cars FCA says have remained scattered across various locations for far too long. Hopefully, it’ll eventually let the public enjoy them.  (Read More…)

By on July 23, 2017

dodge demon

Even though we knew the limited supply of Dodge’s SRT Demon would drive up prices astronomically, Fiat Chrysler still made a valiant effort to reduce markups by prioritizing deliveries to dealerships offering the vehicle at (or below) MSRP. Unfortunately, the plan didn’t work as intended.

This was especially true after some dealerships found a workaround by having intermediaries on eBay auction off the right to buy one of their Demon allocations. Instead of selling the car above the $86,090 sticker, which forces Dodge to omit custom nameplates and other Demon perks, they’re allowing prospective buyers to bid on the “privilege” of purchasing a Demon at the manufacturer’s stipulated value — for thousand of dollars. (Read More…)

By on June 7, 2017

Charity Civic Type R, Image: Bring A Trailer

The very first Honda Civic Type R is being made available to U.S. buyers via auction, and it’s probably going to go for a small fortune. While my sensible side wants to urge you to save your money and wait for the second or even third Type R to hit our shores, the premium you’re paying to be numero uno is going to a good cause. Honda donated the Civic to the Pediatric Brain Tumor Foundation and all the proceeds will go to the charity.

That gives you the right to install the most obnoxiously loud exhaust system legally allowed and rev up that homely hot rod in your driveway day and night. If your neighbors complain, you can tell them that your car helped save the lives of children before asking them what their CR-V has done for the world.  (Read More…)

By on November 10, 2016

1982 Jeep Scrambler white custom woody

Well, that didn’t go as planned. Though, working from a baseball analogy, batting .250 isn’t too bad. More on last week’s picks later — on to the new stuff in sunny Florida!

For years, Carlisle has been shorthand for a series of massive swap meets in a central Pennsylvania town. I’ve not had the pleasure of a Carlisle event yet, but I’m imagining a million-acre orgy of rusty cars and parts. In other words, heaven.

(Read More…)

By on November 3, 2016

Mecum Auction Dallas 2015

I have a sickness. I can’t stop shopping for classic cars I’ve no hope of buying. While I’ve been shopping eBay, Craigslist, various forums, and other classic sites over the years, I’ve never spent much time looking at auctions. The prices seem inflated — especially when the auction house’s cut is considered.

But perhaps that’s a good thing. Private party sales via classifieds introduce a significant element of risk, either via outright fraud or the natural problems of handing over either a title or a wad of cash to an outright stranger. Classic car auctions are appealing since there is a nominally neutral third-party involved in the transaction.

So, I’ve decided to virtually wade into the crowd and see what’s coming Across The Block. In an occasional series, I’ll pick out several interesting cars coming up for auction that weekend, discuss them briefly, and make wild guesses to their eventual hammer price.

(Read More…)

By on October 11, 2016

1991 Spartan Fire Truck

My four-year-old grandson Aryeh wants to be a firefighter when he grows up. He’s got a full fire chief’s outfit and his ears perk up whenever he hears a siren. That’s probably due to the influence of Fireman Sam cartoons and the fact there was a fire in one of the buildings in the apartment complex where he lived until just recently.

There are worse things he could do when he gets older. For example, scouring auction listings of oddball vehicles he can’t really afford — like his grandfather. (Read More…)

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