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