Pate Museum Cars Auction Yesterday

I also posted this in the AACA General Forum sectlion

The Pate Museum collection of approximately 40 cars was auctioned yesterday by RM Auctions. You can see the cars at the RM website www.rmauctions.com . There is not list of sales on the RM site but the local paper here reported $1.9 million per RM. There were 12 cars other cars also sold at no reserve, 4 from a Texas collection and 8 from a California collection.

Overall the prices were strong including $10,500 for a 1924 "T", $17,500 for a Model A Coupe (a bit strong for the car, most thought it was worth 12K at best) Some very nice 50's and 60's cars including the Checker cab that carried Harvey Oswald after he left the School Book depository in Dallas following tghe shooting of Kennedy. It sold for $35,750.

Top Sellers:

1935 Aston Martin MKII Tourer $ 187,000

1934 Pierce Arrow Silver Arrow V-12 $ 139,700 (1987 AACA National Award)

1967 Shelby GT500 Fastbacl $ 99,000

1903 Cadillac Model A Runabout $ 99,000

1929 Rolls Royce Phantom II Boatail $ 85,250 (Tourer)

Lots of other nice cars and I was fascinated by a 1941 Mercury 4 door with 13,000 original miles, belong to a 94 little old lady in California. Beautiful condition and sold for $20,000 plus 10% buyers premium

There were some nice Packards and a Cadillac from the early 30"s. Nice thing about these cars is most of them were sitting in the museum for the past 30-40 years and other than dusty and dead batteries most were in great shape for driving or restoration.

Chuck

Here's the list of sales, HTH, Jeff

RM AUCTIONS

Be sure to check out the Memorabilia section, too.

NTX5467