GAA sees success in Summer Auction

By Charles H. Farley

The GAA Summer Auction of over 500 cars is over, July 22-24, but folks are still talking about it.

The sell-through rate was close to 70 percent and the gate receipts well over $7 million. How did the cars that OCW was watching do, and how did our predictions/estimates hold  as the gavels fell?

First my apologies on the estimate for the 1957  190SL “Roadster. Yes, a similarly equipped 1958 ym sold for $600k at Russo & Steele year before last. But that was in the moneyed town of Phoenix and it was concours condition. This very road-able example gaveled for $100,000.

 

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Next was an undershoot. We estimated a pristine 1966 Chevy II with the rare 350hp 327 package at $83,000, but to everyone’s  amazement it was actively bid to $110,000 for a no sale.

 

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A very nice burgundy 1969 Camaro with the COPO 427 and dog dish hub caps did find a new owner for $120,000.

 

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The 1970 Boss 302 Mustang had a high estimate of $83,000 and the bidding fell a tad short at  $73,000, so we were close with that.

 

1957-Studebaker-Golden-Hawk

Lastly we had a 1957  Studebaker Golden Hawk touted to be all original with a high estimate of $48,000. With commissions this found an owner for $33,6000. Examination of the “Standard Catalog of American Cars”  makes me suspect this car started life as a Silver Hawk or somebody put a 259cid engine in it, then a Golden Hawk  WCFB four barrel on it.  Regardless of any question to its provenance, the buyer bought well on this Stude.

Courtesy of GAA are the top ten sellers:

  • 1969    CHEVROLET    CAMARO COPO    $120000
  • 1957    MERCEDES-BENZ    190SL ROADSTER    $10000
  • 2013    CHEVROLET    CORVETTE ZR1  $88250
  • 1970    DODGE    CHALLENGER    $71500
  • 1964    CHEVROLET    CORVETTE FUELIE    $65000
  • 1969    CHEVROLET    CAMARO RS/Z28    $60750
  • 1948    BUICK    ROADMASTER 74/70    $60000
  • 1940    LASALLE    SERIES 50    $53000
  • 1965    CHEVROLET    CORVETTE     $53000
  • 1955    CHEVROLET    210    $51500

Learn more at www.gaaclassiccars.com.

 

 

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