AACA Hershey Meet, October 2010

Continuing with my coverage of Hershey visits which preceded the birth of the blog, below are a few shots from AACA Hershey 2010. The photos show that the weather was beautiful and the turnout was significant. As I stated in the blog post for the 2009 event, my photographic coverage was not as all-encompassing yet.

Photos of cars with lot numbers on the windshields were there to be auctioned by RM at the Hershey Lodge. While I was not yet in the habit of notating auction sales results, my access to the RM Sotheby’s website has allowed me to search for and find the sale prices, which are indicated below. Since the website shows numbers “all in” with commission, I have calculated the actual hammer price by backing out the 10% buyer’s premium. It would be three more years before the Isetta was trailered to RM Hershey to be sold, which occurred in 2013.

The remainder of the shots cover the big Saturday judged event. My friend Pete showed up with “his” Alfa GT 1300 Junior, which he placed in the HPOF category. The expression on my face as I stood next to the car says it all: “Pete, someday, this will be mine!” It took him a while to come around, but the day did come, in March 2013.

 

THE RM HERSHEY AUCTION

1962 Fiat 1200 Cabriolet, sold for $33,000 (hammer price $30,000)

 

1970 Fiat 500L, sold for $15,400 (hammer price $14,000)

 

1955 Studebaker Speedster, sold for $55,000 (hammer price $50,000)

 

1966 Oldsmobile Toronado, sold for $45,100 (hammer price $41,000)

 

THE SATURDAY CAR SHOW

The morning parade of cars on their way to the show field:

 

Show highlights:

C2 Corvettes

 

Jaguar XK-120

 

A British sports car lineup

 

Additional sports machines

 

Not mine yet….

 

All photographs copyright © 2022 Richard A. Reina. Photos may not be copied or reproduced without express written permission.

 

 

 

 

 

Mecum Kissimmee 2022: Are These Sales Good Deals?

The gargantuan auction which is Mecum Kissimmee (over 4,500 vehicular lots) is held every January in its namesake Florida city. This year, the big show extends across 13 days, from Thursday January 6 through Sunday January 16. My previous two-day visits to Mecum Harrisburg were mind-numbing and ear-deafening; the thought of attending this circus for its entire duration would require earplugs, aspirin, and frequent excuses to temporarily vacate the premises. In reality, bidders most likely attend only on the days when the lots which interest them are crossing the block.

Mecum purposely schedules the expected show-stoppers for the weekends to maximize TV exposure. In contrast, it’s been traditionally observed that the first few hours or days can bring out the bargains. I therefore took the liberty to peruse results from Days 1 and 2 to see if there were any standout deals. Setting an arbitrary cutoff of $15,000, I found nine cars that struck me as good values for the buyers. These are personal judgements based on photos and sometimes scant descriptions; an in-person examination is always preferable.

The nine cars are listed below in model year order. All were sold on either Thursday Jan. 6 or Friday Jan. 7. The prices below include the 10% buyer’s premium; divide the number by 1.1 to obtain the hammer price. Links are provided to Mecum’s site (I cannot reprint their photos here). In a few cases where a recent BaT sale of a similar car was found, I included a link to that vehicle.

 

  1. 1964 Chevrolet Corvair Monza 4-door sedan: beige over black, 44k miles, 4-speed stick

SOLD for $11,550

First generation Corvairs usually pop up as 2-door coupes or convertibles. This 4-door (with its GM “flat roof”) is a rarely seen body style. Corvair owners are fanatical, and there’s good club and parts support. If not for the manual gearbox, I would not have included this. As Corvair enthusiasts like to say, “try buying that OTHER air-cooled flat-6 engine car for this kind of money”.

 

  1. 1971 VW Super Beetle convertible, yellow, black top and interior, mileage not noted, shiny paint, aftermarket wheels

SOLD for $14,300

Car looked very clean in photos; paint is almost too fresh. Lack of mileage indication usually means it’s high. Beetles of all years and body styles have recently garnered more attention at auctions. Like the Corvair, club and parts support are plentiful. BaT sold a very similar ’72 also in yellow in November ’21 for $21,500, making this one look like a deal.

 

  1. 1975 Plymouth Fury, green, white top, green interior, 440/automatic, no miles listed

SOLD for $11,000     

By 1975, Plymouth had moved the Fury nameplate down a notch to the intermediate platform; the full-size car was called “Gran Fury”. This coupe looked funky, and it’s not a body style that will appeal to many. The only reason for its inclusion here is the 440; obtaining this motor in most other Mopar products would cost multiples of this sale price.

 

  1. 1977 Chrysler New Yorker 2-door, triple beige, 20k original miles (19,583 shown on the 5-digit odo)

SOLD for $11,000

Forget the Fury; for the hardcore Mopar man (or gal), this was the one to have. If Walter P. were alive in 1977, this would be his company car. The car looks brand-new in photos. Sure, it’s from the Malaise Era, and you need a double-length pole barn to store it, but it’s perfect. And it’s a two-door! Once you learn to parallel park it, you will be the hit at every cruise night and Cars & Coffee you attend. As an added bonus, you can bring all five of your friends.  Oh, and get a gasoline credit card. Maybe two.

 

  1. 1981 Fiat 124 Spider Limited Edition, gold, tan top and interior, 66k miles, A/C, clean under hood, outside mirror broken off

SOLD for $14,300     

These Spiders, after languishing for years, are getting more attention and more bucks thrown at them. This Limited Edition car (only came in this color) was exceptionally clean-looking (and no rub strips!). BaT sold one in December 2021 for $16,500. Rust is enemy #1; try to not let it ever, ever get wet. Stay on top of maintenance (easy DIY or become friends with Tony) and they’re actually reliable.

 

  1. 1990 Ford Mustang convertible, 7-UP edition, green, white top and interior, 5.0/automatic, miles not stated

SOLD for $7,150

Fox-body Mustangs continue to be bargains, and I’m waiting for prices to take off. How can you go wrong in a drop-top pony car with a 5.0 V8 for well under 10 grand? Yeah, I also wish it were a stick, but that’s one of the tradeoffs at this number. (Mecum’s Kissimmee lots include many sporty cars with slushboxes; is this a reflection of Florida’s population?) Last month, BaT sold a ’92 ‘vert in the same colors with the same drivetrain for $13,250.

 

  1. 1992 Chevrolet Corvette coupe, double red, automatic, 35k miles

SOLD for $10,450

Corvette C4 prices are all over the map and largely dependent on miles and condition (and unwanted mods). The attraction here is the low mileage. I’m a fan of the ’91-and-newer restyle, which cleaned things up inside and out. I do think C4s represent a bit of a performance bargain, but the new owner should drive the car and not expect (or worry about) any future upside, which may never come to pass.

 

  1. 1994 Ford Mustang GT convertible, black and tan, 56k miles, 5.0/automatic

SOLD for $8,800

An additional $1,650 over the ’90 Mustang above nets a car four years newer, wearing updated styling on the SN-95 platform. Personally, it’s a toss-up between the two, and really dependent on color, miles, and service history. Again, the auto is the tradeoff at this number, but it’s still a lot of stylish fun on four wheels for under nine large.

 

  1. 1995 Chevrolet Camaro Z28 convertible, blue/white top/black interior, miles not stated, 5.7L/6-speed

SOLD for $8,250

I’ve not forgotten my bow-tie friends (some of whom look askance at Mustangs), so here is a very attractive Z28 drop-top with a stick (must have been brought in from outside of FL) for well under five figures. In October ’21, BaT sold a black ’95 Z28 with only 9k on the clock but with an automatic for $14,060; I’d rather have this blue one and pocket the almost 6 grand difference.

 

When Kissimmee is over, Mecum will brag about the high-five figure, six-figure, and (if there are any) seven-figure sales, implying that ALL their sold units went for big bucks. The collector car market is very strong right now; selling is favoring the sellers. That does not mean that bargains don’t exist, a point proven by these 9 examples (8 if you take away the Fury). The trick with auctions is to be at the right place at the right time. Looking at “sold” results is hindsight. With this many cars crossing the block, some are bound to fall through the cracks. (Mecum will keep a bidding session active for only one to two minutes.) The savvy bidder researches the lots of interest ahead of time, sets an upper limit, then places her/himself near the block, ready to bid. Each of these cars was sold to someone who is convinced they got a good deal, and they did.

 

 

 

 

 

Irv Gordon Joins Sunday Breakfast Run, Oct. 2010

As I continue to cycle through my photo files in search of automotive adventures which haven’t yet made their way into a blog post , I came across this gem. In October of 2010, we had a breakfast run which for the first and only time included our friend Irv Gordon, driving his Volvo 1800S no less.

Irv informs me he’s ready for breakfast

Irv, for those few who may not be familiar, holds the Guinness World Record for number of miles recorded on a privately-owned passenger car (he eventually surpassed 3 million miles). Many of us employed at Volvo Cars North America (VCNA) got to know Irv professionally, and once you know Irv, it’s difficult not to also know him personally. A large part of Irv’s success was due to his outgoing personality, good-natured warmth, and delight in sharing stories about his beloved Volvo sports car, which he bought new in 1966.

The shadows reveal how early in the morning we gathered on this sunny October Sunday

Driving from his Long Island home to northern Jersey for a one-hour ride to breakfast would be the equivalent for most of us to driving to the corner store for coffee. But join us he did, and I would guess that he knew most of the fellow participants already. The photos reveal just how small the Sunday morning breakfast group was at this time. It was great to have Irv out with us; while he was regularly invited to join subsequent breakfast drives, he was never able to attend another one. His typical excuse? He was on the road, headed to some other event somewhere else in the USA.

Presumably after we’ve eaten, as we’re all smiling

We lost Irv in 2018, and his Volvo is now housed within the Volvo Car USA Heritage Collection.

John and his C3 Corvette

 

Peter and his C3 Corvette

 

Paul and his ’69 Camaro

 

Burton and his C1 Corvette

 

Rich and son with his Mustang

 

Larry with his Monte Carlo

 

Steve and son with his Malibu

 

Irv with his ’66 Volvo 1800S

 

All photographs copyright © 2022 Richard A. Reina. Photos may not be copied or reproduced without express written permission.

 

 

Are These the Auction Cars That Got Away?

It can be entertaining to reminisce about “the one that got away”. Whether it’s the big fish that broke loose from your hook, or the college flame you think you should have married (and admit it, it wouldn’t have worked out), we occasionally think about the “almost” events from our past.

Those of us in the collector car hobby are particularly expert at this game. I haven’t met a single classic car fan who hasn’t cried on my shoulder about the one that should never have left the garage. A variation of that theme are the cars we could have purchased at auction and didn’t.

The recent release of Hagerty’s Bull Market List for 2022 provided something of a prompt for this post. I have no beef with their choices and have no plans to rebut them or offer my own. However, the list implies if not outright claims that certain cars will increase in value, some more quickly than others. We therefore swing back to the question of whether one can buy cars, especially at an auction, enjoy them for a while, and then sell them for a profit.

I decided to revisit my blog posts of five years ago, 2016, a year in which I attended auctions in Atlantic City, Carlisle, Harrisburg, and Hershey. Scanning the results, I spotted a few cars which seemed to sell on the low end of pricing compared to what they might bring today. (Let’s temper all this talk about “making a profit” by pointing out that the buyer must cover overhead such as auction fees, taxes, registration, shipping, insurance, maintenance, repair, and storage. Ownership of a car is not “free”.)

Below is my one pick from each of the five auctions I attended that year. The text and photo are carried over from my initial post, and I’ve added comments along with book values and an example of a recent sale.

FROM THE G. POTTER KING AUCTION IN ATLANTIC CITY NJ FEB 2016:

Here’s what I posted:

Lot #1542, 1995 Jaguar XJS convertible, champagne, brown cloth top, glass rear window, tan interior, 86,900 miles. Car looks very nice from the outside. Some driver’s seat bolster wear, otherwise clean interior. 6 cylinder, automatic, nice alloy wheels, paint looks great except for repainted passenger door (but it’s hardly noticeable). Sign on the dash said “not sold on Friday, but for sale at asking price of $9,500”. Online, the car was reported sold for $8,000. CPI values the car between $10,250 (#3) and $17,425 (#2). We would rate is at 3+ and call it very well bought.

Feb. 2016, G. Potter King Auction: 1995 Jaguar XJS
Here are my thoughts in 2021:

I remember this car well, thought it was very attractive, and thought it was a steal in 2016. That steal looks even better in 2021. CPI values the car in Dec. ’21 between $12,400 (#3) and $22,800 (#2). Bring a Trailer (BaT) sold a very similar one in October ’21 for $23,050. That eight grand sale is looking good.

 

FROM THE CARLISLE SPRING AUCTION IN APR 2016:

Here’s what I posted:

F464 1991 Chevy Corvette coupe, VIN 1G1YY2386M5104468, white, smoke glass top, 5.7L V8, automatic, 24,000 original miles, just serviced. Corvette alloy wheels are unmarked. Nose shows no paint chips or scrapes. Door seals in good shape. Interior is blue/gray, automatic, with slight carpet wear. Interior supports mileage claim. Paint looks original, all looks presentable. Glass OK. This car was very late in crossing the block, but bidder interest was high, possibly because of the low miles. Car was still sold within the CPI “good” range, so we’ll call this one well-bought.

CONDITION: 2-

HIGH BID: $9,200 SOLD!

CPI: $9,000-15,000

Apr. 2016, Spring Carlisle Auction: 1991 Corvette
Here are my thoughts in 2021:

This was when I started noticing how inexpensive C4 Corvettes were. To me, this car was a trade-off between the low miles and the auto gearbox. Since then, I’ve noticed that C4 values have been flat, as evidenced by the CPI numbers in the Dec. ’21 book: good-to-excellent values are between $7,000 and $13,500, meaning they’ve actually dropped in the last five years. On BaT, almost all the C4s are either ZR-1s or convertibles, and all have low mileage. The closest comp is this ’91 with 16k on it which sold for $15,000. The buyer of this white car would only be ahead if the car remained parked, and what’s the point of that?

FROM THE MECUM HARRISBURG AUCTION, JUL 2016:

Here’s what I posted:

LOT T41, 1977 MERCEDES BENZ 450-SL

Condition estimate: 2+

SOLD for $15,500

This generation SL is hot right now, especially the 450-SLs from the late ‘70s like this one, and the final 560-SLs. Many of the ones we see at auction are dogs; this one was decidedly not. Price was not a bargain, but fair for a very presentable Benz. This car can likely be enjoyed and then sold in several years for the same or a little more.

Jul. 2016, Mecum Harrisburg auction: 1977 MB 450SL
Here are my thoughts in 2021:

Awfully cheeky of me to write that, eh? Actually, R107 (platform name) Benzes have stayed hot, but particularly the final iteration, the 560SL models which were offered through 1989. Values of older ones like this 450SL are highly dependent on condition. I rated this car as a 2+. The current CPI values these between $12,800 and $28,000 for a good-to-excellent car. So I’ll stand behind my words from April 2016 and state that you could sell this car in this condition today for “a little more” than you paid for it in 2016. Here’s a recent sale of a ’78 450SL for $20,500 on BaT which supports the value range.

 

FROM THE CARLISLE FALL AUCTION IN SEP 2016:

Here’s what I posted:

Lot #T131, 1978 VW Beetle convertible, orange, white top, white painted alloy wheels, black vinyl seats. Sold for $5,750. While I did not examine this car closely, it appeared to be solid, with good paint and a good top. The white painted wheels must go, but that’s an easy fix. Sold for about half book price, perhaps because this audience wants muscle cars.

Oct. 2016, Fall Carlisle Auction: 1977 VW Beetle convertible
Here are my thoughts in 2021:

Of all the cars from my youth, I confess that air-cooled VW Bugs were my guess for cars to least likely appreciate and become collector-car-worthy. Of course, I was wrong. Exhibit A as represented here are the final run of Beetle convertibles, especially the 1979 final-year ones. This ’78 is close enough to that. I did note that at $5,750, this car sold “for about half book price” making book price back then about $12,000. The Dec. ’21 CPI puts these drop-tops between $15,000 for “good” to $32,000 for “excellent”. Earlier this month, BaT sold a black-on-black ’79 for $15,000, so our orange Beetle owner would do ok if they sold it today.

 

FROM THE RM HERSHEY AUCTION, OCT 2016:

Here’s what I posted:

Lot #142, 1957 Mercedes-Benz 300SL roadster, red with tan interior, pre-sale estimate of $900,000 – $1,100,000

SOLD for $750,000

This was another cosmetic stunner, even if its red-over-tan was a change from its factory blue-over-cream. Claimed to come from long-term ownership, I had every reason to expect the car to break into seven figures. These 300SL roadsters long ago achieved price parity with their Gullwing brothers. Therefore, it came as a total shock to watch the hammer fall at a number so far below the low estimate. Was it the color change, did the audience see something I didn’t, or is the market that soft?

Oct. 2016, RM Hershey Auction: 1957 Mercedes-Benz 300SL roadster
Here are my thoughts in 2021:

Mercedes-Benz 300SLs, both Gullwing and Roadster, are true blue-chip collectibles, meaning that their values are better than money in the bank. While there may be the occasional backslide, the law of supply and demand (few cars exist, moneyed buyers are a-plenty) means that waiting out any blip is simply a matter of patience. Yet as I asked above, did this one slip through the cracks? The only fault was the color change, and as long as factory colors are chosen, there is no real knock to value. Today’s CPI puts this car between $1.2 and $1.5 million (if you have to ask….). If it was flipped for a profit, let’s hope the owner at least got to enjoy driving it a bit. As you might imagine, online sales are few and far between. BaT did sell a Roadster in July of this year for $1.4 million.


It’s easy to be the armchair quarterback and say “you shoulda bought that one, you coulda doubled your money!”. Sure, like I had three quarters of a mil hanging around. Even the least expensive car of these five, the VW, would have likely cost closer to $7,000 when one was done with the initial outlays, including replacing those ugly wheels. My close friends and I agree: the Number One rule is buy what you like because you like it. The speculation game is a gamble and relies on good luck as well as a good eye. It can and does happen, but my experience is that turning a profit on a resale can mean holding onto a car for a while.

All photographs copyright © 2021 Richard A. Reina. Photos may not be copied or reproduced without express written permission.

 

 

 

 

 

 

 

 

 

 

AACA Hershey Meet, October 2009

I’m filling in the gaps in my Hershey coverage. For the most part, I’ve posted a story in my blog within days of returning from the Big Event. The blog started in 2015, and I’ve posted stories and pictures from visits in 2015, 2016, 2017, 2018, 2019, and 2021 – there was no Hershey in 2020. (“Hershey” is so massive that in some cases, I had created multiple posts for the same year, so be sure to look for that.)

I’ve now gone back and found photos from visits which predated the beginning of my blog. My photographic coverage is not always as thorough as more recent visits – however, I’ll make the best of what I have. Here, we have jumped back 12 years to 2009. Most of the shots cover the Car Corral, and they leave me with the somewhat confusing impression that I was perhaps looking for a truck (I have never considered myself a truck guy). In retrospect, I believe that I had latched onto a suspicion that trucks were starting to gain traction as collector vehicles. Maybe I was right for once.

More older Hershey coverage will be posted in the upcoming weeks.

 

The Flea Market was still packed with plenty of original pre-war sheetmetal for your restoration needs
What, no masks? Oh wait, this was 2009. Attendance was still strong all week.

 

The owner of this 1940 Olds, on display in HPOF, claimed that it was one of the earliest Oldsmobiles factory fitted with an automatic transmission.
I took these photos for a friend who was looking for a Model A Roadster in the low $20s; this was the closest to that price I could find.

 

Even now I remember thinking this Chevy was a good deal in 2009; CPI values this truck in #3 condition at $17k and #2 condition at $47k.
Truck appears to be done similar to Lil Red Express; these were never as popular as Ford or Chevy pickups; CPI values this in #2 condition at $15k.
My dear friend Pete was there with his one-owner (him) ’79 Volvo 265; that’s Pete with his wife and my wife in the wayback. He has since sold this car.
No, pickup trucks CANNOT go anywhere they want, at least not without getting into a little trouble.

 

All photographs copyright © 2021 Richard A. Reina. Photos may not be copied or reproduced without express written permission.

 

 

 

The August 2008 AACA Regional Tour, Springfield MA

In August 2008, I participated in my first Regional AACA (Antique Automobile Club of America) Tour. AACA tours are very different from rallies like the New England 1000, which by this time I had participated in about a half dozen times. A “tour” is much more relaxed, offering greater freedom for one to tour local sites on one’s own schedule.

My wife came along on this one and enjoyed its more laid-back pace compared to the one NE1000 rally in which she participated, in 2001. We did this Berkshires/Springfield tour in my 1968 Mustang California Special, and she also appreciated the higher level of comfort than was offered in the MGB which was our ride in ’01.

The accompanying photos reveal a change from 14 years ago compared to today’s tours: in 2008, most of the participating vehicles were truly “older cars”. You’ll see that vehicles from the ’40s, ‘50s, and ‘60s comprise the majority of the iron. Today’s tour vehicles are about 50% from the ‘80s and ‘90s (nothing wrong with that as they meet the AACA ‘twenty-five years or older’ rule), and about 50% modern iron, likely because the aging AACA membership is simply more comfortable driving their 3- or 4-year-old SUV with climate control, cruise control, and Bluetooth phone control.

A highlight of the week was our visit to Tanglewood. Tour participants were allowed to drive onto the grounds, and our cars became an ad hoc car show in the afternoon before the concert. While I was already a member of the National AACA when I signed up for this event, it was here where I met a small gang from Noo Joisy who corralled me into joining their Regional Chapter, where I’ve been a somewhat active member these past dozen years.

A note about the photos: these are a mix of digital and film photos, and could be one of the last times I depended on a film camera for documenting an event. Enjoy the shots!

 

All photographs copyright © 2021 Richard A. Reina. Photos may not be copied or reproduced without express written permission.

The 2007 Lime Rock Labor Day Vintage Car Show

I’ve written about Lime Rock Park, specifically its Labor Day weekend Fall Festival, on several previous blog posts. My 1967 Dodge Dart GT convertible was discovered there in 1991, my BMW Isetta was shown there in 2000, and I filed contemporaneous reports in 2017, 2018, 2019, and 2020.

This pre-war beauty is perfectly framed under the overpass

 

Perusing some old photos, I came across pictures that I snapped on my 2007 visit. That’s too long ago for me to have specific memories, however, the photos reveal that the day was bright and sunny, and when the weather cooperates, Lime Rock is one of the best vintage automotive events on the East Coast.

 

The track is truly in a park-like setting

 

There is actually one memory worth noting: these snaps were taken with a film camera, likely my Nikon EM, and likely with Kodak Gold ISO 100 or 200 film. I tweaked the brightness and contrast on a few of them, but other than that, their rich color stands out to me. Enjoy the shots!

 

Jaguar XK-120

 

 

The show is heavy with imports

 

 

 

 

This Porsche 911 looked striking in red

 

 

 

Lime Rock always has a pre-war Alfa Romeo or two

 

 

 

 

These Elite Loti look like colorful confections

 

 

 

The famous Rolls-Royce grille

 

 

 

Shelby Mustang fastbacks

 

 

 

 

 

Got wood?

 

 

All photographs copyright © 2021 Richard A. Reina. Photos may not be copied or reproduced without express written permission.

 

 

 

 

 

 

 

 

 

 

The RM Sotheby’s Hershey Auction, 2021

A personal highlight of the annual October sojourn to Hershey is the RM Sotheby’s auction, held just a few miles away from the showfield at the Hershey Lodge. I’ve reported extensively about previous RM Hershey auctions on this blog, and even though my 2021 visit was a one day in-and-out, I still found time to scoot over to The Lodge to take in the cars and some of the auction action.

RM Sotheby’s, at least at this location, prides itself on mainly featuring American iron, much of it pre-war (that would be World War II, which serves as a handy demarcation line, since no vehicles were produced in this country from 1942 to 1945). There continues to be much discussion about the relative value of these older pieces of machinery. For the most part, those who drove them when new have departed; and those who bought them as old used cars right after the war are also quickly vacating the premises.

Showcase cars are displayed inside pre-auction

 

The standard argument goes: “If those who had them in their younger years are no longer here, then their value has plummeted”. The reality is a bit more nuanced than that. Car collectors, at least many that I know (and I put myself in this category) have an appreciation for ALL vehicles. One respected observer of this scene whose acquaintance I’ve made told me that the cars of the nineteen teens, twenties, and thirties are gaining a new audience as collectors have learned to appreciate their styling, engineering, and standing in automotive history. As my pictures below will show, some of these cars have an undeniable stately presence that would be an appropriate fit in any collection, no matter how narrow or diverse. Values for pre-war cars may be off their highs of the early aughts, but they’re not selling for twenty cents on the dollar either. As further evidence, nine of the top ten sales at this auction were pre-war, with prices ranging between $170,000 and $1.5 million.

According to RM’s website, the two-day auction achieved a phenomenal 98% sell-through rate. Granted, many of them were no reserve, but many had reserves (for the cars I’ve reported on, the reserve status is stated). The tremendous sell-through can be chalked up to a combination of quality wares, reasonable reserves, and a continued hot collector car market.

A big part of the fun is sitting outside the entrance / exit door and watching these cars run under their own power. The crew handling that job was working non-stop to get some of these old jalopies started and keep them running (and hope that the brakes worked). By the time darkness fell, I was on my way, but it was a glorious way to end my 2021 Hershey visit.

The cars below are listed in ascending sale price order; sale prices were taken from the RM Sotheby’s website, and the 10% buyer’s premium was backed out, so the “sold” price shown is the hammer price.

 

Lot #285, 1973 Volvo 1800ES, 4-speed manual. Pre-sale estimate $25-30,000. No reserve. Sold for $30,000.

This was the final year for the 1800, and only the ES (station wagon) model was offered. Sold right at the high end of the estimate. CPI values a #2 car at $44,000, which this wasn’t, but 1800s continue to be popular at the moment. Fair price.

 

Lot #152, 1948 Alvis drophead coupe, 4-cylinder, 4-speed manual. Pre-sale estimate $45-70,000. No reserve. Sold for $34,000.

Alvis was never a big seller on this side of the pond, but I’ve seen a greater number of them come up for sale recently. The two-tone brown and tan wasn’t the most attractive, and the RHD is either a fun factor or a pain. Sold well below estimate. I hope it runs well, because I know nothing about parts availability.

 

Lot #305, 1958 Edsel Pacer convertible. First model year of Ford’s Fifties flop. Attractive two-tone white and red. Pre-sale estimate $40-50,000. No reserve. Sold for $34,000.

The risk of no reserve is just that, there is NO reserve. This car missed its low pre-sale estimate by eight grand. CPI values these between $44,000 and $84,000, which sounds generous. Still, this is a unique and historic fifties car that should be easily serviced and maintained. It could be a challenge to find another decent ‘50s American convertible at this price. I hope the new owner drives it.

 

Lot #291, 1957 Chevrolet Corvette, fuel-injected 250-horse 283, 4-speed manual. Pre-sale estimate $70-90,000. With reserve. Sold for $65,000.

Apparently there were two different f.i. horsepower engines, and this was the lower of the two. This sounded too cheap to me, but CPI shows a value range between $53,000 and $100,000. I still think it was well-bought.

 

Lot #184, 1963 Jaguar E-Type FHC (fixed-head coupe). Red over black, looked great from afar, but a closer inspection revealed rough areas. Pre-sale estimate $90-110,000. With reserve. Sold for $65,000.

This is an early Series 1 car, with the 3.8 six-cylinder, 4-speed with non-synchro first, and low-back bucket seats. Many refinements were added to the ’65 and newer Series 1 cars with the 4.2 engine. See the photo of the rear window: the glass seal was completely hardened, there was paint overspray on it, and the window trim was missing. CPI has these at $88,000 for a #4 (fair) car; $130,000 for #3 (good), and $195,000 for #2 (excellent). Even with the defects, this was a bargain for a Series 1 XKE.

 

Lot #193, 1956 Jaguar XK140 roadster. 3.4 six, 4-speed. Pre-sale estimate $100-120,000. With reserve. Sold for $77,500.

Another possible Jaguar bargain which sold well below estimate, as CPI has a #3 car at $112,000. This car may have been a little better than that. Try it before you buy it though: the one time I sat in one required lower body contortions to get in and out.

 

Lot #150, 1939 Alvis pillarless two-door saloon. A unique and never-seen-before body style (and the 2nd Alvis at this auction). Pre-sale estimate $90-130,000. No reserve. Sold for $102,500.

This was one of the more striking pre-war designs at this auction, and certainly rare in the States. The bidders recognized this, and knowing it was a no-reserve sale, they stepped up to a final sale price which was mid-estimate. Guaranteed to be the star at the next all-British car show.

 

Lot #272, 1934 Packard Eight Coupe. Elegant two-tone light and dark brown. Pre-sale estimate $90-120,000. With reserve. Sold for $105,000.

I’ve been infatuated with almost all Packards I see these last few years, and this one stopped me dead in my tracks. It was stunning, and in close to perfect condition. While it sold mid-estimate, a higher number would have still been reasonable. That’s a lot of Packard for just over six figures.

 

Lot #274, 1933 Packard Eight Roadster. Dark red, tan convertible top. Looks like the sister car to Lot #272. Pre-sale estimate $120-140,000. No reserve. Sold for $105,000.

I have no explanation for this result. This car, a convertible, sold for the exact same price as the Packard coupe which was just one year newer. Honestly, I did not look at these two cars that closely to discern any condition differences. Maybe the same person bought both cars and now has twin Packards in the collection.

 

FUN TIMES WATCHING THE CARS DRIVE IN AND OUT OF THE HERSHEY LODGE

All photographs copyright © 2021 Richard A. Reina. Photos may not be copied or reproduced without express written permission.

 

Hershey 2021, Car Corral Edition

After a consecutive run which began in the early 1950s and then dealing with its first-ever cancellation in 2020, the AACA Eastern Fall Meet (colloquially known as “Hershey”) was back in place for 2021. For me, most of my visits here in the last 20 years have been multi-day affairs, but this year, personal obligations kept it to a one-day-only event, and that day was Thursday, October 7, 2021.

It was almost as if nothing had changed. The flea market vendors took up most of the Hersheypark parking lot, the car corral occupied the perimeter road around the lot, and the Giant Center stood in place at the center of it all. However, the crowd was a little thinner than in recent years; the car corral was only about 65-70% full; many of the usual food vendors were MIA; and even the flea market revealed either empty spots, or, what has been a growing trend, modern cars parked as a convenient alternative for those willing to spring for a flea market spot.

Because my time was limited, I spent most of the day walking the car corral. Cars did change hands: I witnessed a ’64 Falcon sell, and my friend Larry saw someone purchase a ’68 Olds 98. It was reassuring to know that some business was conducted.

The cars below are the ones which I found interesting and affordable, and there weren’t too many of those this year. Cars are listed only with their asking prices; I did not record any other pertinent details about each vehicle. It is my hope that the photographs provide much of the info you might desire. I scooted out of the car corral and over to the RM Auction by about 4:30pm. The auction cars will be discussed in a separate blog post to be published later.

1992 Mazda Miata (auto), asking $6,800

 

 

1988 Ford Thunderbird, asking $9,900

 

 

 

1984 Porsche 944, asking $12,490

 

 

1995 Jaguar XJS (6-cyl), asking $17,500

 

1964 Morgan 4/4, asking $23,900

 

How Not to Sell a Car in the Car Corral

As soon as I opened the driver’s door on the Iso Rivolta, a voice from about 20 feet away barked at me. “You interested in the car?” “Maybe” I lied. “My boss wants $150,000 for it.” The only response to that was uttered to myself: this guy is crazy.

I wanted to show Larry the Chevy engine under the hood, but I couldn’t find the hood release. I asked the boss’ man “how do you open the hood?” “Dunno”. Oh boy, the boss sent the smart guy out with the car. While I continued to look over the exterior, someone else hopped into the driver’s seat and got the hood opened. “I owned one when I was a young man” he said by way of explanation.

Underhood was as filthy and unkempt as the rest of the vehicle, although we did note that an A/C compressor was in place upon which someone had fastened a label: “recharged with R134a in 2020”.  We were beginning to collect a crowd. The minion again spoke, this time to someone else. “Yeah, it’s an ICE-OH”. OMG. I quickly corrected him: “it’s pronounced ‘EES-SO’. One more time to the other interested observer: “my boss wants $150 grand for it, they’re very rare”. I pulled out my current copy (Sep-Oct 2021) of the CPI price guide. Iso Rivolta coupes, made between the years of 1963-1970, are in the book for $25,000 in #4 condition; $46,500 in #3 condition; and $85,000 in #2 condition. This car was clinging to its #4 condition like a rock climber clings to a cliff wall.

The exterior had not had a bath in months and the interior had not seen a vacuum in years. The front seat upholstery was obviously incorrect. The steering wheel was held together with electrical tape. Popping open the glove box, the door fell beyond its catch, dumping its contents of plastic cups, trash, and some aluminum foil (drugs??) onto the floor. I left it there, as the paraphernalia hid some of the dirt on the carpet.

So here’s the catch: these are neat cars. Renzo Rivolta, founder of Iso, took the oodles of Deutschmarks he earned when he licensed his Isetta to BMW, and invested that money into a hybrid GT car, hybrid in the original sense of “European sports car with an American engine”. They don’t exactly come up for sale with any regularity, and compared to the later and admittedly prettier Griffo ($350,000-500,000), Rivoltas are a relative bargain. (My Isetta license plate was LILISO, for “Lil’ ISO”. I wanted to buy a Rivolta, put a hitch on it, and use it to pull the Isetta to shows. If I had done that, the Rivolta plate would have read “BIGISO”.)

No Rivolta is worth 150 large. I was tempted to pull out a business card, write “$30k” on it, and give it to the mouthpiece to give to his boss. The danger of course would be the boss saying ‘yes’. Hey boss man, I hope you’re reading this, because I have some words of advice. Next time, spend 1/10 of 1% of that asking price on a detail job, and, give your representative something resembling working knowledge of the overpriced car you’re trying to peddle to the unsuspecting. I probably taught him more about your car than you ever did.

 

All photographs copyright © 2021 Richard A. Reina. Photos may not be copied or reproduced without express written permission.

 

 

 

Sunday Morning Cars & Coffee, Aug. 29, 2021

(Pardon the tardiness of this post while I attended to some other pressing matters.)

After the success of our first Cars & Coffee-type event of 2021, we decided to try it again; we even selected the same Dunkin’ Donuts location in Mahwah NJ. We had an enthusiastic turnout, and as much as this group has always enjoyed the morning cruise along country roads, there is something to be said for planting the car in one spot and devoting 100% of your time to chatting up the crowd.

The cars ranged from Corvettes (a C1 and C7), BMWs (a 2002tii and a 135 coupe), Porsches, a Nova, a Grand Prix, and your blogger’s Miata. Having arrived at 8am, much of the crowd was still hanging out at 11. Breakfast was top-notch (as good as a bagel and a hot coffee can get), and the late August weather, never predictable, cooperated. We enjoyed ourselves and we will do it again!

Burton’s C1 Corvette

 

Robert’s C7 Corvette

 

Ken’s Porsche 911

 

Richard L’s Porsche 911

 

Fred’s Pontiac Grand Prix

 

Richard R’s Miata

 

 

A TALE OF TWO BMWs

Both Sal with his 2002 and Art with his 135 were more than generous in offering me a chance to jump behind the wheel for a short spell. I haven’t driven a 2002 in who-knows-how-long, and I’ve never driven a Tii. Sal’s car is somewhat modified in the steering, suspension, and tire departments, although that’s not easy to detect by eye. He has ‘sport’ steering in it, with about a half-turn lock-to-lock (I’m kidding, but not by much). The car started right up, and the throttle response under the mechanical fuel injection was very linear. The 4-speed was easy to shift with a light clutch, and the sweet spot on the road was around 40mph in 3rd gear (not unlike my Alfa). Dashboard ergonomics were German-funky. After 10 minutes, I still never found the windshield wiper control. Visibility with that tall greenhouse is outstanding. Fifty years on, it’s quite easy to understand the revelation that BMW’s little sports sedan brought.

Art’s 2011 135 has just enough connection to the 2002 to see the familial resemblance, but of course, this is a 21st century automobile. All the controls are light, almost too much so, and the 6-speed is a delight to snick through the changes. There may be nothing quite as smooth as an inline-six (except an inline-eight), and BMW’s sixes are known for their sewing-machine precision in sound and performance. Funnily enough, I’m not sure that the dash ergonomics are much of an improvement over the 2002, but that is as much a function of electronics as it is design. For me, the size of this box is perfect, and many of the buff books at the time agreed, citing a 3-series car that had become too bloated. Art sought this out to have a RWD manual tranny ‘sports car’ and he’s got a jewel of one.

 

All photographs copyright © 2021 Richard A. Reina. Photos may not be copied or reproduced without express written permission.