Author Topic: Mecum Indy Auction  (Read 790 times)

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Offline dsags

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Mecum Indy Auction
« on: May 17, 2017, 06:22:10 PM »
Am at the Mecum Indy auction where a 1965 GS convertible just went across the block. Unfortunately we still aren't getting any respect. The car is a red, black interior, black top car with lots of documentation and matching numbers. The sale price was $27,000 plus a 10% buyers fee. There is also a 10% sellers fee. In talking with the seller he mentioned that they had the car taken to the show in an enclosed transport for $750 plus there is usually a fee paid to Mecum for the auction spot of about $500. So that means the seller probably netted only $23,000. On the other hand the buyer paid $29,700.

Dan
1965 Special Convertible, L33 LS, 4L60

Offline GS66

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Re: Mecum Indy Auction
« Reply #1 on: May 17, 2017, 06:39:28 PM »
Further reasoning to keep our cars and drive them!😀 Thanks for the update Dan!
Jim
North Mankato, MN

65 Gran Sport HT auto
66 Gran Sport Conv. 4 speed
66 Gran Sport Conv auto
66 Gran Sport Post auto
66 Gran Sport HT auto

Offline cwmcobra

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Re: Mecum Indy Auction
« Reply #2 on: May 17, 2017, 07:22:57 PM »
Tough love for sure....

Chuck
Steve Shuman's 1965 Skylark GS Convertible: Flame Red/401/4 BBL/Automatic - BCA Archival Preservation
1965 Skylark GS Convertible: Verde Green/401/2x4 BBL/4-speed - AACA First Grand National - AACA National Award - BHA Outstanding GS - BCA Senior Gold
1965 Shelby Cobra Replica

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AACA 91100

Offline Rollaround

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Re: Mecum Indy Auction
« Reply #3 on: May 17, 2017, 08:34:00 PM »
I keep telling myself. I like these cars, I like these cars, It's not an investment, it's not... 

Nice car, yep another red one.

https://www.mecum.com/lots/SC0517-291197/1965-buick-skylark-gs-convertible/
Kevin
Northwest Ohio
Working the endless restroation.

Offline elagache

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Not lack of respect - but interest. (Re: Mecum Indy Auction)
« Reply #4 on: May 17, 2017, 09:45:08 PM »
Dear Dan, Jim, Chuck, Kevin, and mid-60s Buick lovers . . . .  :love4:

Am at the Mecum Indy auction where a 1965 GS convertible just went across the block. Unfortunately we still aren't getting any respect.

I'm sure it hurts when a top notch restoration doesn't fetch the dollars that another comparatively restored car is able to command, but I think that's missing the point.  The economics of classic cars is as simple as supply and demand.  It doesn't matter how well a car is restored, there have to be enough competing buyers to drive the price up.  If 1965 Buick GS were more in demand, the price surely would increase.  It is that interest that is missing, not the restoration quality.

The key to increasing the value of these cars is evangelism about the 1965 Buick Gran Sport and other Buicks.  As much as the traditional muscle and pony cars still command a hefty price - they are old news.  If you want our cars to become valued, you need to make the trendy.  It won't happen overnight, but driving and enjoying these cars is infectious.  TV opportunities like the Wheelz coup with All Girls Garage gets these cars out in the public spotlight.

So nobody should feel bad about what a GS is getting at action.  It isn't a reflection on the cars themselves.  In a way, it is up to us to decide what we want.  Do we want the values to rise or do we want to keep these cars our own little secret!  :laughing7:

Cheers, Edouard  :occasion14:

Offline Nailhead

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Re: Not lack of respect - but interest. (Re: Mecum Indy Auction)
« Reply #5 on: May 18, 2017, 05:31:07 AM »
Do we want the values to rise or do we want to keep these cars our own little secret!

My vote is keep the secret!

Offline mdkd

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Re: Mecum Indy Auction
« Reply #6 on: May 18, 2017, 06:30:20 AM »
All

E=MC square

Elixir equals My Car to the second power

How else can I travel through time to my youth by simply sliding behind the wheel and driving

Milton

65 White GS HT My Pride & Joy
31 in Registry 2022 BCA Gold
65 Red White GS Convert 99 in Registry
SOLD to a good home in Ohio
65 Black GS HT - SOLD to a good home local
Several 64-65 non GS HT & Convert Sold
64 Special 4dr parents bought new not 4 sale

Offline Randy Jones

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Re: Mecum Indy Auction
« Reply #7 on: May 18, 2017, 09:07:37 AM »
I am with "Nailhead", keep the secret...  Only invest in something you love, you won't be disappointed.

These cars are much better than many in this class and are relatively affordable.

I personally do not what to be pushed out the the classic car scene because I have to spend big bucks for a project car that would be better off crushed.

Thanks ,Randy
Randy

So many Skylarks, so little time!
65 Skylark Post
65 Skylark Convertible

Offline 35chevcoupe

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Re: Mecum Indy Auction
« Reply #8 on: May 18, 2017, 09:46:08 AM »
Dan ,   So can you give us a hint on which ones you are buying  :icon_biggrin:
John Evenson

1930 model A 4 dr sedan
35 chev coupe 2 dr Master Deluxe suicide dr,s
55 chev belair wagon 4dr
59 Buick Invicta 2 dr hd top
65 Buick GS 2 dr ht 3 spd
65 Buick GS Convertible 3 spd
1970 Cuda 440-6
71 Buick GS
84 chev 3/4 ton p/u 6.2 diesel
Yeah there's more
There all projects

Offline elagache

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Why let them know what they are missin' !! (Re: Mecum Indy Auction)
« Reply #9 on: May 18, 2017, 10:57:37 AM »
Dear Nailhead, Milton, Randy, John, and mid-60s Buick keepers of the secret, . . .

Do we want the values to rise or do we want to keep these cars our own little secret!

My vote is keep the secret!


Ditto!
  :icon_thumright:

. . . No reason for those Chebby guys to find out what they are missin'! . . .

Cheers, Edouard  :occasion14:

Offline Mark Ascher

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Re: Why let them know what they are missin' !! (Re: Mecum Indy Auction)
« Reply #10 on: May 18, 2017, 04:11:08 PM »

. . . No reason for those Chebby guys to find out what they are missin'! . . .

Cheers, Edouard  :occasion14:



Some of us are "Chebby" guys too...

 :laughing7:

Mark
65 GS HT 4 Speed - BCA Senior 2015; AACA Senior Grand National 2021
66 Impala 396/TH400/12 Bolt "Project Rodent Remediation" - Almost Done
69 Bel Air 2 Door Sedan "Project Junior Stock" - In Process
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Offline dsags

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Re: Mecum Indy Auction
« Reply #11 on: May 18, 2017, 04:17:49 PM »
Dan ,   So can you give us a hint on which ones you are buying  :icon_biggrin:

NOT buying John, but just because you're on a diet doesn't mean you can't look at the menu.  :drunken_smilie:

Dan
1965 Special Convertible, L33 LS, 4L60

Offline TrunkMonkey

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Re: Mecum Indy Auction
« Reply #12 on: May 18, 2017, 06:02:04 PM »
Buick never made a nice car, let alone a nice muscle car.

Buicks are only good for little old ladies to get groceries or and rich old dudes to drive to the country club.

No one makes any parts for old Buicks and likely, you cannot find any interest in them anywhere.


Unless, it's a secret...


Michael

The first 60 years were spent on surviving. The second 60 are gonna be spent on fun!

Offline cwmcobra

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Re: Mecum Indy Auction
« Reply #13 on: May 18, 2017, 08:17:24 PM »
 :thumbsup:
Steve Shuman's 1965 Skylark GS Convertible: Flame Red/401/4 BBL/Automatic - BCA Archival Preservation
1965 Skylark GS Convertible: Verde Green/401/2x4 BBL/4-speed - AACA First Grand National - AACA National Award - BHA Outstanding GS - BCA Senior Gold
1965 Shelby Cobra Replica

BCA 48497
AACA 91100

Offline elagache

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Don't let it bug ya' . . . . (Re: . . . what they are missin' !!)
« Reply #14 on: May 20, 2017, 11:18:53 AM »
Dear Mark, Dan, and mid-60s Buick lovers, . . .  :love4:

I've been trying to think of a clever reply to you post and last night I remembered a phrase from a Fog Horn Leg Horn cartoon that is just perfect!  :laughing7:

Some of us are "Chebby" guys too...


. . . . Don't let it bug ya' man!  We can't all be perfect!! . . . . .

Of course (in the voice of Fog Horn Leg Horn) . . . .

That's a joke son - gag that is!


NOT buying John, but just because you're on a diet doesn't mean you can't look at the menu.  :drunken_smilie:


. . . Awe shucks!!  That's one awful diet! . . .

Cheers, Edouard  :occasion14: