OT: NE dealer auction on now
#1
OT: NE dealer auction on now
It's been posted a couple times before about the NE Chev dealership with nearly 500 new to nearly new old cars some with less than 10 miles on it and trucks the owner put away and just left them sit, some inside, many just outside in a field. They are being auctioned off right now live on the history channel.
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Just an added note, if or when I do watch the rest I'm sure I'll get frustrated at the crazy bidding on the field cars. Most seemed to have extremely low miles but were out in the elements way too long and suffered so much damage that even if they only had less than 10 miles to me they still weren't worth more than another vehicle with 90K miles that had been sitting in a field for 30+ years. I'm sure there were many nuts out there willing to bid the sky to say they have a low mile vehicle from the Lambert auction.
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#9
I'd bet it was a major waste of time attending this auction in person, especially for the cars that were stored inside. The more money than brains types had already sent their scouts out weeks ago and they just sat at home and placed their max bids. I'd also bet a majority of the really nice cars are heading to Europe. There were probably major auto transport vehicles sitting on the highway waiting for there loads.
I've gone to a few auctions that I stood around all day until they started the bidding on the better items at the end only to find there had been minimum bids already placed that no one in the crowd were willing to compete with. The auctioneers failed to mention this fact until almost the end of bidding. A total waste of time.
I've gone to a few auctions that I stood around all day until they started the bidding on the better items at the end only to find there had been minimum bids already placed that no one in the crowd were willing to compete with. The auctioneers failed to mention this fact until almost the end of bidding. A total waste of time.
#10
But then, this is the high quality work I've come to expect from the "History" channel, along with Discovery, TLC, and all the other "educational" and "Historical" channels.
Americans will ruin anything for another dollar.
#11
To me it would make more sense to have a choice of selecting a dozen channels you want to watch and skip over all the cooking, house flipping and sports channels I never watch.
The auction show was like any of the other shows, no real substance, just a lot of fluff.
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Yes, I'm sorry I posted this alert, the coverage was a joke, the prices bid were ridiculous! The bunch of C10 fleet pickups being bid to 30 and 40K. Yes, they only had a couple miles on the odometer, but sitting neglected in a field for 50 years did nothing to improve their value, even ignoring the fact they were "stripper vehicles". They were rusty, frozen up piles of ****, not much better than anything else dragged out of a junk yard. Wait until these speculator buyer put them into other auctions looking to make a profit on them, are they going to be in for a surprise. They will have to make one of two hard decisions: 1. don't do anything except possibly wash it, That will make them worth about 1/2 what they paid for it max, or 2. put 10-15K or more into it restoring it and making it a safe driver, then their now 50K investment will be worth maybe 30K max. They are not a rare or special model or banner year to make collectors drool. You could buy an clean used example for 3-5K all day long and put the same amount of work, $ into it and about break even on a resale.