1953 #127 at Mecum
#1
Burning Brakes
Thread Starter
1953 #127 at Mecum
Searched and didn't see this already posted.
http://www.mecum.com/auctions/lot_de..._011711PM_S114
Any guesses what it will sell for since it's presented with no reserve??
Al T.
http://www.mecum.com/auctions/lot_de..._011711PM_S114
Any guesses what it will sell for since it's presented with no reserve??
Al T.
#3
Melting Slicks
Some of the past history I found on that car is:
August 15, 2009: From the Mecum at Monterey Auction, Lot #S93
RM Auction, The Monterey Sports and Classic Car Auction Friday, August 13, 2004 - Saturday, August 14, 2004, Not Sold at a high bid of $110,000
12-16-2002: From the Corvette Mike web site: $139,000
August 15, 2009: From the Mecum at Monterey Auction, Lot #S93
RM Auction, The Monterey Sports and Classic Car Auction Friday, August 13, 2004 - Saturday, August 14, 2004, Not Sold at a high bid of $110,000
12-16-2002: From the Corvette Mike web site: $139,000
#4
Le Mans Master
Hard to say what it will sell for in this market. It has some incorrect things to fix but looks mostly correct. I've been involved with three 53's selling in the past six months. All were over the $200+ mark. All three fresh restorations. What a bargain. These were selling for upwards of $400k three years ago. Definitley an investors market.
#5
Instructor
Member Since: Jun 2005
Location: Bowling Green Kentucky
Posts: 167
Likes: 0
Received 0 Likes
on
0 Posts
a real one for a change.......
I know this car well. It came for the midwest, I believe from OKlahoma or Kansas in the mid-80's. Jay Layman of North Ridge, California bought the car in a completely original unrestored state and had it properly restored. He then owned #290 and sold it to the famous MTV collection and sold it to fund the restoration of this car. It was for the most part complete, only missing trivial items. I remember I sold him a set of original shielding, a steering wheel, and a jack for this car.
I remember when he bought it and trailered it to his restorer, he took the car on a trailer through a car wash. Well, he hit it with the power sprayer and the paint and a lot of the gel coat washed off....he was so upset thinking it had a bad body, he offered it to me for what he had just paid, 35,000!!! Just another mistake on my part, instead, I told him not to worry as the gel coat had to come off anyway.....oh well!!!
The only damage the car had was a little damage to the front right fender, but all the glass was still there intact. Someone will get a REAL car and a NICE car. My guess in this market is at least $250,000.
Jay got out of the cars a few years later when the market took a downturn....he has an original unhit hi-horse 57, a real 67 427/435, and 1955 #675, an original paint harvest gold survivor car, among others. he sold them because they weren't performing as well as the money could have done in a CD......that's how HE said it, he just didn't wait long enough for his return. But, again, do people like Jay belong in this hobby, when all they think about is investment return???
I remember when he bought it and trailered it to his restorer, he took the car on a trailer through a car wash. Well, he hit it with the power sprayer and the paint and a lot of the gel coat washed off....he was so upset thinking it had a bad body, he offered it to me for what he had just paid, 35,000!!! Just another mistake on my part, instead, I told him not to worry as the gel coat had to come off anyway.....oh well!!!
The only damage the car had was a little damage to the front right fender, but all the glass was still there intact. Someone will get a REAL car and a NICE car. My guess in this market is at least $250,000.
Jay got out of the cars a few years later when the market took a downturn....he has an original unhit hi-horse 57, a real 67 427/435, and 1955 #675, an original paint harvest gold survivor car, among others. he sold them because they weren't performing as well as the money could have done in a CD......that's how HE said it, he just didn't wait long enough for his return. But, again, do people like Jay belong in this hobby, when all they think about is investment return???