Estate Sale of Important Cars Nets Nearly $500,000.00

April 27, 2010 · Posted in News · Comments Off 

30+ Antique Cars Sell for $494,400.00 at Rural

 

Pennsylvania Sale

 

By: Bryan W. Shook, Esquire

Email: bshook@dplglaw.com 

Estate Sale – Allen Shaffer, Esquire

April 24, 2010 – Millersburg, Pennsylvania

 

Allen Shaffer, a well respected local attorney recently passed away and this past Saturday the majority of his car collection came to sale.  Over thirty lots were offered with no reserve, no bidder registration charges and with no buyers premium.

 

By the mid afternoon, all of the vehicles had been sold and the proceeds realized were just about $500,000.00 from the sale of the vehicles.

 

Here are the results along with the comments of Bryan W. Shook who personally attended the sale.

 

Year

Make

Model/Type

Comments

Price

1931

Ford

Model T – 5 -Window Coupe

 

$19,000.00

1981

Delorean

   

$20,000.00

1923

Buick

Touring

bad water pump – lower hose disconnected & pump corroded

$18,000.00

1949

Studebaker

Commander convertible

Nicely Restored

$25,000.00

1917

Maxwell

Touring

Restored 10yrs ago – didn’t run at time of sale

$17,000.00

1925

Nash

2dr Sedan

Nicely Restored

$11,000.00

1915

Ford

Model T

 

$13,000.00

1925

Nash

Touring

Great Condition, very nice car

$20,000.00

1913

Buick

Touring

No Title – Yet

$28,000.00

1929

Lincoln

7 Passenger Phaeton

$65,000.00

1910

Buick

Run-a-bout Roadster

 

$20,000.00

1908

International

High-Wheeler

Nice Original – found in barn in New Bloomfield, Perry County, Pa in mid 1940s

$19,000.00

1953

Ford

F100

Titled as 1954 – OHV I6

$15,500.00

1906

Cadillac

Tulip Roadster

 

$54,000.00

1954

Ford

Crestline 4dr

Needed work & carpeting

$8,000.00

1917

Studebaker

Touring

Nice older restoration

$23,500.00

1962

Studebaker

Lark convertible

 

$7,500.00

1927

Ford

Coupe

 

$8,000.00

1972

Chevrolet

Impala convertible

Shoddy Repaint – overspray evident, poorly masked

$9,000.00

1918

Stanley

Steamer Touring

 

$46,000.00

1976

Lincoln

Continental

 

$1,600.00

1922

Dodge

Touring

3 owners from new, had side window curtains – very nice potential

$9,000.00

1976

Buick

LeSabre

 

$1,300.00

1922

Whippet

4dr sedan

 

$9,000.00

1999

Ford

F150 pickup truck

6cyl 4wd

$8,000.00

1951

Kaiser

4dr sedan

No Title

$5,000.00

1965

Chevrolet

Corvair

Possible missing VIN Plate??? Total Mess

$1,800.00

1951

Henry J

Corsair Deluxe

Cooling Issue

$8,500.00

1969

AMC

Rebel SST 4dr Sedan

6cyl – Very Nice Original

$1,200.00

1958

Mercedes

190D – 4dr

Project car with good parts, some trim, but hood wouldn’t open

$500.00

1991

Yugo

 

“Needs Fuel Pump”

$2,000.00

 

                                                                                                                                Total Sales:         $494,400.00                                                                                                      

 

       

As one can surmise from the results listed above, the sales prices were fairly reflective of the market today.   While the auction was largely under promoted, collectors, brokers and dealers showed up from several states including, Ohio, New York, Connecticut, Maryland and New Jersey to bid on and buy cars and automobilia from this great collection.

Most of the cars in the collection were operational and nearly all of them presented very well.  The cars purchased from this collection are sure to be coveted pieces in future collections.  While higher prices may have been realized had an auction house such as Carlisle Auctions, RM Auctions, Bonhams or Goodling offered the vehicles, this sale proves that not all collections must be sold through a large auction venue to achieve market value results.

Attorney Bryan W. Shook is not only a devoted automotive enthusiast, but is also an experience litigator who devotes a large portion of his law practice to helping other collectors and hobbyists understand today’s market.  Attorney Bryan Shook is available throughout the United States for consultation, advice, and information. If you’d like more information or would like to speak with Attorney Bryan W. Shook please email him at BShook@dplglaw.com.

Bid with knowledge. Buy with confidence. – Vintage Automotive