Re: [AMC-list] 71 Matador- steve Green auction cars.

[William 'Chip' Lamb <chip@xxxxxxxxxx>]

Ken,

The '74 Javelin with 1300 miles or so was pretty interesting. I think 
the buy in that segment was the '71 Javelin SST in silver, it had 6k 
on the clock and sold in the mid-teens. I believe it is still in Dave 
Murray's inventory at http://www.orlandoclassiccars.com/ and is 
still, in my opinion, a bargain. Clarify for me what sale the other 
Javelin went through and I'll research it in the SCM database and see 
if I can dig up a result.

You'll look long and hard before finding a sale with as low as 5/5% 
commissions, many of which are negotiated down to get more deals 
done, that does not have an entry fee. I cover umpteen sales a year 
for Sports Car Market magazine from Gooding down to little sales like 
Tom's and most are higher. Did you know that the Charlotte Motor 
Speedway and AACA charged Tom something along the lines of $125k just 
to have the sale there? Hence why he has moved to a nicer indoor 
venue nearby for his future Autofair-related sales. Along with his 
own corporate costs, paying the Adcocks et.c. he did not make nearly 
as much as you think he did even with the all-no-reserve Green 
Collection. I put on a sale in Akron, Ohio with Bob Lichty back in 
August - we were 8/8% with no bidder entry fee, kept costs to a 
minimum and it was still six figures. They're not free to put on by 
any stretch of the imagination and the good ones create a very unique 
atmosphere - see Mike Leith's 70% sale in Raleigh 2 weekends ago.

The '71 that Garry bought from me also benefits from some much-needed 
fettling since the sale to include all fluids, some brake work 
including the master cylinder and a careful and comprehensive 
detailing. It was not this nice back in April. I think I'll take it 
out to a car club meeting tonight and let some folks enjoy seeing it 
before it leaves for Duluth.

Cheers,
C

At 04:57 PM 12/15/2009, you wrote:

>  I attended the Steve Green Auction and just found my listing of 
> all the cars that were sold and the pricing that I logged.
>  I went because I was particularly interested in the low miles 74 
> Javelin pricing to get an idea of what a similar car with low 
> mileage might be worth. It went for $33,500 plus fees. I thought , 
> and was hoping it would have brought 40+.
>
> Anyway, the 71 Matador sold for $6250.  Bear in mind that the 
> buyers  have to pay a $100 fee just to enter the auction, and there 
> was also a buyer's and Sellers premium on the sale of the car, on 
> top of the selling price .I think it was 5% each but am not 
> positive. There were some good buys there but I didn't register, I 
> really felt it was insulting to hold an auction, charge  a buyer and 
> seller 5% premium AND charge someone a fee just to be entitled to 
> bid, but that's me. Just didn't want to waste a hundred bucks. I am 
> sure there might have been others there that might have bid on cars 
> to buy, but didn't want to spend the registration fee,.and IMHO, the 
> more buyers that are at an auction and might bid, being caught up in 
> the moment,  would have bid up the pricing and more money might have 
> been  raised on the AMC cars that had slow bid starts or were priced 
> below their worth- I know that I might have done that. Guess It is 
> good I didn't, though. no more room to house any more
>  .  I guess I have enough. My family would not have welcomed me 
> back home if I had brought home another child to garage and feed. 
> LOL. The Auction house made good money on this deal, earning 10% 
> and the fees. I guess I have heard that some or many of the cars 
> were bought by non AMC collectors but used car dealers just trying 
> to make a buck and churn them. I wondered if many in the AMC groups 
> bought some. I did see that 74 Javelin advertised for sale a few months later
> by another auction house. Any idea what it went for there.
>
> Also for what its worth, prior to the AMC auction there was an 
> auction of other make classic and muscle cars and many of those had 
> reserves that were not met and not sold. From people I talked to, 
> the, pricing was way down on most vehicles, due to lack of demand, 
> lack of money due to the economy. There was a gorgeous 57 I think 
> Ford convertible Skyliner  that did not reach its bid., amongst many 
> others. The were auctions of other cars after the AMC auction on 
> Saturday and then also on Sunday if I recall, though I left for home 
> on Sunday morning.
> regards and happy holidays to all.
> AMC Ken/Boston

--
William "Chip" Lamb
Richmond, VA - 804-357-4926
Freelance Automotive Journalist
Representing
http://www.classicmotorsports.net/
http://www.sportscarmarket.com/
http://www.vettemarket.com/

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