Commemorative Edition Corvette by AAT

Posted on March 30, 2012 by classiccarweekly

2003 Chevrolet Corvette Z06 50th Anniversary Commemorative Edition by AAT

Offered by Barrett-Jackson | Palm Beach, Florida | April 7, 2012

Advanced Automotive Technologies (AAT) designed this aftermarket Corvette and have built 178 of them (thus far) to commemorate the 50th anniversary of the Corvette. They’ve incorporated styling from the 1953 car as well as the C5. It really isn’t a bad looking car, I don’t think, and they’ve been popping up at auctions more and more.

The AAT Commemorative Edition could be applied to any C5 Corvette convertible or even a hardtop (but not the hatchback). The car here started life as a 2003 Z06 Corvette, which is a pretty stout car to hack up. However, by doing so, two owners (only two Z06s were converted by AAT) have a Corvette with original looks and serious performance. Plus, GM never built a Z06 convertible, so they’ve got that going for them.

This car has less than 4,000 miles. In an auction recap a few months back, I mentioned how this model is becoming more and more collectible. And they kind of are, bringing more than twice what you would get for a standard Corvette of similar vintage. At least five of these AAT Commemorative Editions have sold at auction in recent years. The average price is $65,670, with the high end of that being $88,000. We’ll see what this one brings, but time will really be the judge as to whether these cars can maintain their value. It will be something to watch as coachbuilt cars are not all that common nowadays.

To read the complete catalog description, click here. For the rest of Barrett-Jackson in Palm Beach, click here.

Update: Sold, $90,200.

Mecum Kissimmee Highlights

Posted on February 8, 2012 by classiccarweekly

Mecum Auctions held their first event of 2012 not in Arizona, but in Kissimmee, Florida – where the weather is also nice. There were a bunch of rare muscle cars crossing the block including the top sale, a 1963 Shelby Cobra Dragon Snake.

This was the 93rd Cobra built and one of only eight Dragon Snakes modified for drag racing by Shelby. Because this car won so many drag races in its day, it is the winningest competition Cobra in history. It cost $8,990 new (a lot) and sold for $850,000 at auction (also a lot).

There were also two ultra-rare 1969 Chevrolet Corvette L88s – a convertible and a coupe.

These are the must-have ’69 Corvettes and you could have bought the pair. The convertible sold for $610,000 and the coupe was a comparative bargain at $270,000.

But it wasn’t all muscle cars. Of the top ten sales of the auction there were two gorgeous Packards. The first was a 1941 180 Darrin Victoria Convertible – one of 35 built. It has the Super Eight 180 engine and a good looking red and tan color combo. It sold for $220,000.

The other Packard is a very mean and sporty looking 1930 Eight Model 745 Waterhouse Victoria. If I could’ve taken one car from this sale home, this would be it:

Big pre-war Packards never really had much of a sporting air about them. But this one kind of does. Maybe it’s the slightly cambered front wheels or their hot rod look, but this car says “I want to go fast.” This is one of three known to exist. $225,000.

For complete results, visit Mecum’s website.

Russo & Steele Scottsdale Highlights

Posted on February 6, 2012 by classiccarweekly

This is our final Scottsdale auction recap. It’s been weeks since it happened but we finally caught up. Russo & Steele sold a wide variety of cars from the affordable (the lowest seller was a 1978 Triumph Spitfire 1500 Convertible that sold for $4,675) to the super expensive – the top sale was this 1968 Chevrolet Corvette L88 Roadster that sold for $687,500. It was one of only 216 built during three years of production.

The second top seller was a 1965 Shelby GT350 that was once used as a race car at the Carroll Shelby School of High Performance Driving. It has a fresh restoration and looks amazing. I could easily imagine myself tearing around a racetrack in this car. But for $467,500, it’s a little out of my range.

Our two featured cars from this auction, a 1973 Mercury Cougar XR7 Convertible and a Ketchup & Mustard-liveried ’96 RT/10 Viper both sold. The Cougar brought $17,600 and the Viper $39,050.

Other highlights included a pair of rare Mopar’s: this 1969 Dodge Charger Daytona:

sold for $118,800. And a blue 1970 Plymouth Hemi Cuda sold for $115,500. And finally, probably the rarest car in this sale was this 1984 Knudsen Baroque Cabriolet – 1 of 2 such cars built. Knudsen built 11 total Baroques in Nebraska in the late 70s and early 80s in a variety of bodystyles. When new, these cars cost between $80,000 and $225,000. According to the consignor, this car cost $86,000 in 1984. It sold for only $12,100.

For complete results, click here.

Barrett-Jackson Scottsdale Highlights Pt. II

Posted on January 31, 2012 by classiccarweekly

Friday, Saturday, and Sunday – but especially Saturday – are the big days at Barrett-Jackson in Scottsdale, Arizona. The past few years have seen this event be strictly a No Reserve auction with every car that crosses the block selling, but this year there were some heavy-hitters in the auction’s new “5000 Series” of classics that did in fact have a reserve. And not all of them were met – like the 1955 Flajole Forerunner we featured a few weeks ago: it was a no-sale.

A few of the other cars we featured did sell – and for a boatload of money. The 1930 Isotta Fraschini Tipo 8A by Castagna sold for $1,100,000. The 1928 Daimler Double Six P.1.50 Limousine brought $1,155,000. The 1930 Duesenberg Model J Murphy Town Car was hammered sold for $1,045,000. Another “bargain” was the 1954 DeSoto Adventurer II which sold for $1,430,000. Keep in mind, all of this happened within about an hour’s time.

One car we didn’t feature was this 1947 Bentley Mark VI by Franay:

It came from the collection of collector Ron Pratte and sold for $2,750,000, which was just barely more than I was going to offer to pay for it. The other mega-sales included the 1933 Pierce-Arrow Silver Arrow. The live television broadcast of the auction showed an overhead shot of the Silver Arrow and the lines of that car are actually perfect. It is breathtaking. It sold for $2,200,000. And the top sale of the entire auction was the 1948 Tucker Torpedo (also from Ron Pratte’s collection) which was hammered away for an astounding $2,915,000 – about three times my estimate of $1 million.

The only other million dollar sale was this all-original 1954 Mercedes-Benz 300SL Gullwing:

$2,200,000 brought this car home. It only had 4,149 original miles on it and was one of 146 Gullwings built that year. Other highlights from Saturday included a 2009 Devon GTX – one of just two produced. It’s a Dodge Viper-based supercar that went out of production as quickly as it entered it because the Viper was axed just after the GTX was announced.

A 650 horsepower American supercar that was originally supposed to cost $500,000 sold for $220,000.

Another car that has started to interest me a little more is this Chevrolet Corvette 2003 Commemorative Edition built by Advanced Automotive Technologies. It’s a standard 2002 Corvette with a custom built body. Coachbuilding isn’t quite as vogue as it used to be but I think over time these cars won’t depreciate wildly like some other “customs.” It sold for $66,000. Another one sold on Friday for $88,000.

And of course ultra-rare muscle cars are the order of the day at Barrett-Jackson. Among Saturdays highlights was this barn-find (yet mechanically “refreshed”) 1965 Shelby GT350. I hope whoever bought it doesn’t restore it – although they paid a pretty penny for it at $385,000.

Another rare Ford was this 1969 Ford Talladega Prototype. This car was built by Ford for Ford. It’s the only red Ram Air Talladega built. Regular Talladegas aren’t something you see everyday, much less a factory prototype. $137,500 sale price. Oh, and do everyone a favor. If you’re going to sell your car at auction and you‘re responsible for the photography: get a quality camera.

Friday also had its share of highlights including the Nash Bridges Cuda we featured. Last time it sold it was right at about $150,000. This time it sold for $88,000. Other interesting Friday cars included this 1970 Pontiac GTO Judge Ram Air III Convertible ($158,400).

There were a pair of ultra-rare and very famous 1960s drag cars. First, this 1964 Ford Thunderbolt sold for $242,000.

And right after that crossed the block, this 1968 Plymouth Barracuda Super Stock rolled across. It’s an actual “Mr. Five & Fifty” drag car built by Hurst for Chrysler. It also sold for $242,000.

Something from the quirky side was this 1929 Ford Model A Snow Bird built by B.P. Arps Company of Wisconsin. This was something that was done back in 1929 and there are multiple of them out there. It could have been yours for $66,000.

In 1987, Buick took their not-your-daddy’s-Regal Grand National and souped it up to 276 horsepower and 360 lb-ft torque and called it the GNX. They built 547 of them and recently that have become the most collectible American car of the 1980s. This time capsule example with only 1,200 miles on it sold for $88,000. For a 1980s Buick.

The only thing truly odd to cross the block on Sunday was this 1971 Kelsen Sports Rider Electric. It was a street-legal microcar built in from 1963-1973 in California. There were a number of companies who built similar vehicles and I’m not sure I’d drive any of them on the street. A golf course, maybe. When new in 1971 it cost $1,295. It sold on Sunday for $1,540. It’s not really appreciation if you’ve had to sit on it for 40 years to make $250. I used to have a ’92 Century – maybe I should have held on to it and used it to start a retirement fund.