Spring Carlisle Auction Report, April 2019

Richard’s Car Blog continues to provide the only online auction reports with:
  • Multiple pictures of each car;
  • Results in sale price order; and
  • Timely posts within days of auction end.

Carlisle Auctions held its spring 2019 event on Thursday and Friday, April 25 and 26, 2019. As a sign of its increasing success, auction start times were moved up to 12 noon on both days, compared to 2pm in previous years.

Each day’s run sheets had about 225 vehicles on them, and the necessity of staging 450 cars and trucks had the Carlisle staff again extend their parking arrangement into the Tree of Life church lot across the street. The weather held up, with only intermittent sprinkles and the briefest of downpours, and the crowds were of decent size both days.

 

On both Thursday and Friday, I observed the first 40 or so cars to cross the block, and things started slowly, as the sell-through rate was a none-too-impressive 46% (17 out of 37 on Thursday, and 19 out of 41 on Friday). Things picked up later, helped in part by “no reserve hour” on Thursday, which guaranteed a 100% sell-through. Like any auction, some reserves were unreasonable, some cars sold for fair money, and there were some deals to be had.

 

Some cars need a pull across the block

Interestingly, on Friday before the auction start, Bill Miller (who founded Carlisle Events) announced that they had “done about $2 million yesterday, and we’re hoping for 3.5 [million] today”. Around $5.5 million dollars in sales doesn’t sound too shabby for this independent auction house that has grown larger and more organized year after year (check out my 2015 and 2016 auction reports to see how far they’ve come).

A footrest for tired toes

Twenty-seven cars which struck my fancy are featured below, arranged in sold price from $2,000 to $24,000. For those who continue to insist that “the hobby is too expensive, and I can’t afford to get into it anymore”, note that I’ve included FIVE running vehicles which hammered below five thousand dollars.

 

 

UNDER $5,000 (5 CARS)

T161 NO RESERVE 1990 Mazda MX-5 Miata, blue, black convertible top, black leather aftermarket kit looks good enough to be mistaken for factory upholstery.  158,000 miles on odometer.  Paint looks very good for age and mileage. Entire car let down by gaudy chrome wheels which are about 6” larger than factory.  Underhood looks decent, shocked to see that brake fluid appears to have been recently serviced. Ugly wheels are an easy fix.

SOLD FOR $2,000– Based on my observations of the first-gen (NA) used Miata market (I own a ’93), one could do a lot worse than spend 2 grand on this car. The mileage didn’t scare me as the car looked maintained. The lack of typical rust was a major positive. Spend $500 on OE wheels and enjoy it.

 

 

T163 NO RESERVE 1977 MGB roadster, burgundy, black convertible top, black leather interior, new battery, wood steering wheel is nice touch. MG alloy wheels with black wall tires. 71,341 miles on odometer is believable, no obvious rust. Engine compartment shows some tasteful mods: finned valve cover, Weber carb, header, Ansa exhaust. Fun starter car, as the rubber bumper cars gather interest with the chrome bumper cars moving up in price.

SOLD FOR $3,000- I looked at this car before it crossed the block, and knew it would sell cheaply, but this price floored me. Carlisle is not the place to sell imports. Someone got a fun British roadster at half off.

T115 1965 Chevy Corvair  4-door hardtop, gold and gold, 110 hp, Powerglide, mileage is 51,554, sign on car alleges original mileage. Fake wire wheels, ugly black rub strip down sides, rear luggage rack can double as pizza warmer. Bucket seats. Alternator drive belt off its pulleys (a common Corvair conundrum). Car shows no signs of maintenance or care. Entire car is dirty, rust in rear quarter panels.

SOLD FOR $3,200- The 2nd gen Corvairs (1965-1969) are beautiful, and have collector interest, but primarily the 2-door coupes and convertibles. Even at this price, I see no upside here. 

 

T192 1987 Alfa Romeo Spider Veloce, triple black, Alfa Romeo alloys, blackwall tires. Odometer is 77,000. Paint shows well, rear rubber duck tail blends well with paint. Some spotting in paint near fuel filler. Underhood could use a detailing, but no obvious defects.

SOLD FOR $4,000- Like Lot T163, the MGB, this result is a shock. While these Alfas are known to rust, this one looked clean and straight (full disclosure: I did not get on my knees and peek under it). The deal-breaker for me was the black paint/black top/black interior (WHO orders a convertible like that??) Even so, this was a dirt-cheap entry fee into the Alfa club.

F407 1984 Old Cutlass Supreme Brougham 2-door formal coupe. Light cream paint, dark red half-vinyl roof, red velour “loose pillow” interior. V8, automatic. Olds alloy wheels and trim rings, Mastercraft tires. One of the last RWD Cutlasses. Funny lights added to grille; rear spoiler detracts from formal look. Odometer reads 55,892 which looks accurate. Outside is OK, no obvious defects. Olds Club of America decal! A little dirty inside. Both doors along bottom inside edges show filler and paint as if to head off some early rust, not showing through outside. Yet.

NO SALE AT HGH BID OF $3,700- auctioneer announced that reserve is $5,000. Website says car sold for $4,000. Seller obviously came to his senses and sold the car $1,000 below his reserve. Even with the door rust, which might lie dormant,  buyer got a reliable, good-looking and good-sized American car that has another 100,000+ miles remaining in it before any serious work is needed.  

 

$5,000 TO $9,000 (8 CARS)

 

T117 1965 Ford T-Bird 2-door hardtop, dark green, black vinyl roof, landau bars, full wheel covers, whitewall tires. Mileage is 21,966, best guess is to add a “1” to the front of that. Car is dirty on outside, hard to determine paint condition. Underhood is a complete disaster. Interior is light gold or green, hard to tell as interior has faded to various autumnal shades. Factory A/C, driver’s door panel torn and taped, carpet worn, chrome pitted, entire interior needs a deep cleaning. There may be a decent car hiding under the mess.

SOLD FOR $5,700- I shouldn’t be shocked, but I am, at the overall condition of many of these auction cars. This T-Bird in particular rates a condition ‘4’ on the traditional 1-to-5 scale. But a weekend spent cleaning and detailing it could have brought it up to a solid #3 or even a 2-, which would have brought another $2,000-3,000 on the block. If a flipper bought it, that is exactly what he is going to do.

 

F532 1999 Jaguar XK8, silver, black convertible top, black leather interior. Jag alloy wheels, blackwall tires. Top looks spotless. 45,208 original miles. Some signs of wiring repairs underhood. Interior shows more wear than expected for mileage, especially driver’s seat bottom. Bland color combo, looks like nothing more than another used car.

SOLD FOR $5,900- These first generation XK8 convertibles are an auction mainstay. Most of the ones I’ve seen have higher mileage, and have been bringing around $7,000-9,000. This one had lower miles and brought less money, which is great news for the buyer and not-great news for the seller.

 

F421 1982 Mazda RX-7 GSL, 82040 miles, factory alloy wheels, sunroof. Metallic red, red cloth interior. Rotary engine, 5-speed transmission. Paint OK, but black on exterior glass trim has worn away in spots. Both underhood and interior are dirty. Floor mats worn out, driver’s seat bolster worn.

SOLD FOR $6,200- First-gen RX-7s have a cult following, but they have yet to bring the bucks. This one, like so many other cars here, was dirty and looked unloved. The good news is that it had not been messed with, as it retained all its factory equipment. Sale price was fair to both buyer and seller.

T105 1964 Ford T-Bird hardtop, 390/automatic, aqua, white vinyl top with landau bars, aqua interior. Odometer reads 99,556. Paint looks old, and is faded and blotchy all over. By contrast, interior is very clean except for cracks in steering wheel. Upholstery is so nice it’s likely been redone. Underhood surprisingly clean. A car to drive, or paint it to bring it up a notch.

SOLD FOR $6,300- The ’61-’66 T-Birds are favorites of mine. I prefer the ’61-63 Bullet Birds, but I wouldn’t turn down a ’64 like this one. These are large cars which float down the road. There’s nothing sporty about the driving experience, but it is luxurious. This was a fair price for a car in a nice color combo that needs paint.

 

T260 1954 Packard Patrician, 4-door sedan, straight 8, automatic. Green inside and out. Might be factory paint, with some blended-in repainted areas which don’t match. Full factory wheel covers, white wall tires look like bias-ply. Mileage is 45,000, sign claims that is original. Sign also claims long-term one-family ownership. Interior completely original and looks well cared for, if a bit worn and faded in places. Painted metal dash in great shape.  Rear seat footrests still in place. Car oozes charm and patina. A true survivor which will be held back by its sedan body style.

SOLD FOR $7,500- I spent about 20 minutes checking out this car, and sat in both front and rear seats. While the $3,000 MGB or the $4,000 Alfa Spider are more to my taste, I’ve been smitten lately with Packards. As one friend joked, at this price, this is about a dollar a pound (a slight exaggeration). I hope this car is not restored, but is preserved. It’s a piece of rolling history.

 

 

T176 NO RESERVE 1994 Ford Mustang LX convertible, 68,077 miles.  5.0 V8, 5-speed manual, white, white top, red cloth interior, blac wall tires, luggage rack on deck. Paint could be original. Factory alloy wheels, no curb rash. One headlight is opaque. A 25-year-old survivor.

SOLD FOR $8,500- Lots of fun in a Fox-body V8 drop-top. A fair price in a quick and reliable car, AND it’s now AACA-eligible!

F471 1974 MGB-GT, 1.8L 4 cylinder, 4-speed manual. Odometer reads 46,143. Citron Green paint, black interior, seats have seat covers on them. Painted wire wheels, black wall tires. Rubber bumper car. Clean underhood. Outside relatively unmarked.  Both door panels are wrinkled as if they had gotten wet. Car not modified, looks like it’s all there. Drilled holes and plugs in jambs from rustproofing treatment, “Rusty Jones” sticker verifies it.

SOLD FOR $8,500- Unusual color not to everyone’s taste, but a GT can swallow a weekend’s worth of luggage if you’re willing to give up top-down motoring. Some (including me) even prefer the looks of this over the roadster. This was no bargain, but the buyer didn’t overpay either. He got a good car that you can’t lose in a parking lot.

 

T116 1965 Chevy Corvair convertible, aqua, white top, black vinyl interior, odometer reads 55,260, sign on car claims that is original mileage. Fake wire wheel covers, whitewall tires. Driver’s door sagging and hitting jamb. Buckets, 4-speed manual, 110-hp engine. Fan belt sits correctly on this one.

SOLD FOR $9,000- Hopefully the door fit issue is an adjustment and not the beginning of a sagging body. Folding top and 4-speed make up for low output motor in a nice looking Corvair.

 

$10,500 TO $11,500 (6 CARS)

F418 1965 Ford Mustang, 2 door hardtop, white with white interior. Odo reads 03088, but windshield decal claims 24k original miles. 200 c.i. 6, 3-speed on floor, center console. Black rocker stripe not factory. Mediocre repaint, poor sealant job along windshield. White-on-white looks unusual. Driver’s seat worn, interior dirty, can of starting fluid on front floor not reassuring. Sign claims history as Southwest car, but other signs point to need to inspect undercarriage carefully.

SOLD FOR $10,500- While on the block, the auctioneer repeatedly referred to this as an “original 24,000 mile car”, yet I saw the odometer with my own eyes. I am beyond being able to rationalize the discrepancy. This actually happened once before at a Carlisle auction, when the screen’s mileage and the car’s mileage were wildly divergent. The auctioneer stopped the auction, wound it back to the top, and restarted. I hope whoever paid $10,500 for this car has a better understanding of the mileage situation than I do. NOTE: I now observe that this car is NOT on the results page of Carlisle Auction’s website. Was the deal voided?

 

T185 1994 Jaguar XJ-S convertible, 4.0L inline 6, automatic transmission. Dark red paint, tan top, tan leather interior, alloys, blackwall tires. Odometer is 35,000, sign claims original miles. Interior is so worn that it makes mileage claim hard to believe. Driver’s seat and door panel very worn. Another convertible parked with the top always down?

SOLD FOR $10,500- The restyled XJ-S cars like this one are an improvement over the originals, with their smoothed rear quarters and more legible instrument clusters. Like the later XK8s, these have been auction regulars too. The 6-cylinder engine has its fans among those who are put off by the complexities of 12 cylinders. The interior on this car was bothersome, but I guess it didn’t bother someone willing to spend $10,500 plus commission. I’ve seen nicer ones sell for less, but that was a few years ago.

 

T195 1980 Fiat Spider 2000. 2.0L inline 4, fuel injected, 5-speed manual. Red, tan top, tan vinyl interior (sign incorrectly claims it’s leather). I spoke with the seller, who recently bought the car from its original owner. Car has 20,000 original miles, and looks like a 3-year-old used car. Some swirl marks in the horizontal paint surfaces. Trunk lid got minor dent when it was shut onto something oversize. Overall, car is immaculate for a 1980 anything, much less a Fiat.

SOLD FOR $10,700- The seller, a flipper, must have stolen this from the original owner. Fiat Spiders aren’t overly valuable, but prices have crept up ever so slightly in recent years. I (wrongly) guessed there would be a reserve of around $12,000. Someone got a clean and desirable spider at a 20% discount.

 

T168 NO RESERVE 1972 Porsche 914, white, black targa top, black interior, repaint shows overspray in various spots. Interior is straight but spartan as all 914 interiors are. Engine is 1.7L as per online listing.

SOLD FOR $10,800- All Porsches are collectible; some are just more collectible than others. With 911s selling for $100,000+, and 356s (the more covered in dirt the better ) selling for $250,000+, what’s a poor person to do? Buy a 914, that’s what. Personally they’re nothing to look at (and white over black is as bland as it gets), but I’m told it’s like driving a go-kart on the street. Let’s hope this one gets driven.

 

T219 1973 Pontiac Firebird Formula 350, automatic. Odometer reads 78,614. Dark silver metallic, black interior. Outside is OK. Underhood is unkempt. Heater hoses look so old they may have been transplanted from a 1953 Star Chief. Buckets, aftermarket gauges. CB radio in center console has been there almost as long as the heater hoses.

SOLD FOR $11,250- I looked at this car because a) it wasn’t a Camaro, and b) it’s the last year of the original nose introduced in 1970, and I like that look. Most of these cars have not survived. The car had a nasty rumble to it while underway, which had me suspect undisclosed engine or exhaust mods. A similar Camaro might have sold for twice this, so the buyer did well.

 

T223 1986 Pontiac Fiero GT, V6, automatic, red, grey velour interior, sunroof. 10,000 original miles, and it basically looks it. Factory alloys, Goodyear blackwall tires. Some driver’s seat wear. Car’s main claim to fame is low mileage.

SOLD FOR $11,500- Fieros are starting to gain some collector interest, but even with the ultra-low miles, this result surprised me for a car with an automatic. I had it pinned to sell for half this (shows you what I know).

 

$13,500 TO $15,500 (4 CARS)

 

F438 2006 Jaguar XKR supercharged coupe. V8, automatic. Light blue metallic, light cream interior. Jaguar alloy wheels, blackwall tires. Odometer reads 35k and the car looks it. Overall clean and straight. Headliner is not falling down, a known issue on these coupes. Cassette player in dash – who besides me still has cassettes?

SOLD FOR $13,500- The XK8 convertible-to-coupe sales ratio was about 10-to-1, so it’s rare to see any coupe, much less a supercharged one. I’m not a fan of this shade of blue, but the immaculate state of the interior absolved any other sins. This was a great price on a car that can serve as an alternative to domestic air travel. I can loan you the cassettes.

 

T171 2002 NO RESERVE  Porsche Boxster, grey, black convertible top, black leather interior. Porsche alloys, blackwall tires. H6, five speed manual. First gen Boxster with “broken egg” headlights. Sign claims 33,000 original miles. Clean inside and out.

SOLD FOR $13,500- Sold during “No Reserve” hour, this price was slightly higher than I’ve seen other Boxsters sell for recently. In its favor, it was spotless and the mileage was unusually low. But was the IMS bearing done? 😉

 

F442 NO RESERVE 1956 VW Beetle, green, black interior. Odometer reads 72,452. 4-cyl, 4-speed. Mix of original and custom. Black fabric sunroof, roof-mounted luggage rack looks aftermarket but period-correct.  Cheap looking alloys, blackwall tires. Oval rear window and small taillights which Beetle collectors love. Front and rear bumpers without traditional over-riders.  Dashboard is non-original, with additional gauges on left and “1956 Oval” sign in center. Upholstery is decent.

SOLD FOR $14,500- Did they devalue the car with customized touches? It’s hard to say, as I’m not sure of the oval window market. On one hand, this seems like a lot of money for a Beetle, but on the other hand, the car was in great shape overall, and the worst of the custom touches (wheels, luggage rack) are easily reversed. Sold at no reserve, so the market decided.

 

 

T109 1963 MGB roadster, red, red convertible top, black upholstery with red piping. Painted wire wheels, knockoffs, blackwall tires. Chrome bumpers. Underhood is clean as is interior. “Bent” shifter as early MGB’s have. Sign claims original top- were they red in ’63?

SOLD FOR $15,500- This is an early “B” (first model year was 1962) and few have survived. Car was a very nice example overall, but I question the claim that the red top is original. I can’t recall ever seeing a factory red top on any B, and besides, it looked too good to be 56 years old. Despite the top controversy, this was a fair price for a well-preserved early B.

 

$20,000 TO $24,000 (4 CARS)

 

F503 1964 Chevy Corvair Monza Spider convertible, red, tan convertible top, tan interior. Turbocharged, 150 hp. 4-speed manual, power top, bucket seats, color coordinated interior. Whitewall tires, full wheel covers. Paint looks decent, obviously repainted. AM radio plus tissue dispenser. Odometer reads 04,339, so car has over 100k. Turbo proudly sits on top of H6.

SOLD FOR $20,500- While I much prefer the 2nd gen Corvair styling, this was a very attractive car. The red against the tan really popped. I can’t recall ever seeing a tan dash in this generation Corvair, but I’ll take the owner’s word for it that it’s factory. Let the haters hate, but I’ll state that you could spend $100,000 on “that” brand’s H6 turbo, or, get this H6 turbo for 1/5 the price. I know which I’d choose.

T202 1962 MGA roadster, red, tan top, tan interior, painted wire wheels. Odometer is 02,662, so presumption is that car has over 100,000 miles. Mark II model with revised tail light location. Sign states last year of MGA. Overall, a presentable and attractive car, albeit in an older restoration.

SOLD FOR $22,500- Perhaps MGA prices are down a bit, as I thought this car would bring closer to high 20’s or even $30k. A bit of a steal. Or this audience doesn’t care about MGs.

 

F544 1962 Ford T-Bird, convertible, red, black top, black vinyl interior. Wire wheels, whitewall tires, “roadster” tonneau cover. Chrome around side windows pitted. 390/auto. Odo reads 59,969 miles. Interior slightly tarnished and worn, but front seats look nicer than rest of interior, possible they were reupholstered. Aftermarket speakers added. Underhood is decent; silver painted valve covers.

SOLD FOR $23,250- It’s well-known among collectors that many of these T-Bird roadsters are fakes, which is to say, the car didn’t leave the factory with the tonneau cover. Real deals command a price premium of close to double the price of an ordinary T-Bird convertible. This car was nice, but was not a factory roadster. It sold for close to average retail for the model. A “real’ roadster might have brought $50,000.

 

T208 1967 Ford Mustang convertible, red, white top, black interior. 289 V8, C4 automatic. Wire wheel covers with white wall tires. Wheels painted red, which is odd touch. Restored  to a visibly high standard. Not a deluxe Mustang interior, but what is there is clean and straight.  Gauge cluster looks especially good. 91,342 miles on odometer.

SOLD FOR $24,000- Charming color combo, on what appears to be a recent restoration. 1967 is my favorite Mustang year, and I especially like the interiors. This one didn’t have the deluxe interior stuff (center console, fancy door panels, chrome-trimmed seats) but was clean and presented well. The price was not unexpected for such a nice car.

 

 

All photographs copyright © 2019 Richard A. Reina. Photos may not be copied or reproduced without express written permission.

 

 

 

 

 

 

5 thoughts on “Spring Carlisle Auction Report, April 2019

  1. Well done Richard. While such reporting is often subjective, with your years of experience, a summary on the state of the Auction-Market health for Sellers vs Buyers would be interesting.
    With likely more supply becoming available (very generally speaking), Im interested to see the effect on values.
    Thanks.

    Like

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