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Lambracht Auction


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I wonder what happened with some of those dealers back in the 60's? My hometown had two such individuals owning dealerships and putting brand new cars into storage they didn't sell. One had a Chevy dealership, the other a Pontiac. The one with the Chevy dealership put numerous cars away with less than 10 miles on them and they were stored carefully of which his sons now have ownership....can't image what they would bring seeing the sales results of similar cars which didn't have careful storage.

I thought about putting one away in the 80's but I was dreaming as I didn't have money to even buy an old clunker to drive, let alone a new one to sit. (Fantasy Land) I'm sure in the future more cars will come out of their time capsules as I believe the idea certainly must have caught on with others.

The dealers of the late 50's early 60's though...they must have simply put them away because of a lack of sales I would think..for the most part.

Any expansion of this would be appreciated. Thanks JO BO

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I doubt these cars would have brought more even if they had been carefully stored. Bidders were buying history, not condition. After all, how many people can own a Cameo pickup with that few miles, regardless of condition? And what a shame it would be to buy a vehicle with 10 miles on the odometer and then drive it. Wouldn't that be like buying a rare and precious Persian carpet and using it as a door mat? I thought the antique car hobby was in part about preserving history?

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What's amazing to me, in retrospect, is that there were dealers who were making so much money that they could pay the manufacturer for so many cars, and tie up that money when the car wasn't sold....and pay all the other bills and make a good living.

I'm sure there's money in owning a dealership now, but some of those older dealerships must have been pots of gold....

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What's amazing to me, in retrospect, is that there were dealers who were making so much money that they could pay the manufacturer for so many cars, and tie up that money when the car wasn't sold....and pay all the other bills and make a good living.

I'm sure there's money in owning a dealership now, but some of those older dealerships must have been pots of gold....

You have to think many dealer owners have money in all sorts of businesses, not just the dealership. The local dealers here that do the worst seem to have the wealthiest owners who just have the dealership as one of their many business ventures. The volume of business a dealer does is not always indicative of how successful the owner(s) is/are.

I do think its harder now more than ever with the worldwide marketplace.

Edited by 39BuickEight (see edit history)
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Stastics show that the spread between the highest and lowest incomes are widening in America, even in this economy. If you learn to read the Dealer Invoice Sheets you will see the invoice (price paid) is about 2,500 - 3,000 below the MSRP on a new truck of a $35,000 MSRP. So they discount 10% and show you that they are going broke. Poor dealership! Now ask them to show you what is called "hold back (amount paid to dealer when they sell said vehicle). Then ask about the incentive plan the manufacture has on the vehicle (not the advertised cash back or interest) for the dealer. So the bottom line is if you pay the invoice price they will still make several thousand dollars on the vehicle.

Naturally some dealerships have gone broke because they did not sell vehicles.

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The greatest value of many of these vehicles would be historic. It would be interesting to study them closely and find out what has been declared today "as it left the factory". I'm sure there would be some surprises as well as possible amendments to current judging standards.

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The greatest value of many of these vehicles would be historic. It would be interesting to study them closely and find out what has been declared today "as it left the factory". I'm sure there would be some surprises as well as possible amendments to current judging standards.

While there were a significant number of extremely low mile "as it left the factory" vehicles in the auction, there were obnoxiously high prices paid for MANY vehicles that were at best 75,000 mile, "condition 5" vehicles that could be found rotting in the back alleys of any community in America. Most of the cars in that auction that I saw were unremarkable in every respect except that they were in that auction.

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I have no problem with people paying whatever they like for these cars. It's their money and it's a free market.

All I am saying is these cars will prove to be more desirable to own in theory than in reality. In their current, untouched form, they can't be driven and they are impractical to trailer around for shows, and they aren't even stabilized for long-term storage. What can you do with them? Look at them, essentially. They're garage art, 1:1 diecast.

And so these high prices are not going to hold. In the long term, Lambrecht cars are not going to sell at a premium to fully restored examples but at a discount, and at that point many of them will be restored if practical.

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...they'll always be the "Lambrecht cars" and that's that. People are paying a premium for that unique provenance.

Regardless of if one thinks the prices paid were high, low, or otherwise, and regardless of the condition of the cars themselves, that's exactly what it boils down to: buying a car with really unique provenance. And remember, the opportunity to buy those exact cars from the Lambrecht auction won't ever happen again. They might pop up for sale from now until the end of time, but you won't be able to ever buy them from THE event again. I would say that that matters, others wouldn't care one bit.

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I like Yvette, I have been to 3 of her auctions in person and tried to get a widow lined up with her service. She is no nonsense though.

Here is my story. the week before this Lambrecht auction I used Proxibid to purchase a 1950 Hudson Commodore 8 from the Hafker Auction Vanderbrink was running in rural Minnesota.

Now, 1950 Hudson Commodore 8's might not be everybody's cup of tea, but no one can deny they were impressive cars, even one requiring full restoration. This was the 3rd year for the quintessential step down Hudson, on the plushest chassis they offered that year. I won the car for $460.

And, many of these obscure cars from the Hafker collection never got bids, and are now crushed. Meanwhile, these grocery getter Chevy's amass huge bids.

I don't like it. I don't like folks (as a generality, don't take it personal) who follow the popular crowd and trends. My wife and I are looking to buy a house back in Des Moines. We are only looking at old Craftsman / Arts & Crafts / English Tudor etc homes. (Homes with Character) But 99% of folks want to keep up with the Jones' living in the suburbs because that's what all the popular kids do!

How is this any different? When these Chevy's get new owners and proud old Hudsons get sold for $460?

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