Everybodys favorite "traditional" hotrod, Loaded, just sold at BJ

If you are prepared to Win,you have to be prepared to Lose.
That's why it is called "Taking a Chance".

 

Some more pics for those who want to

 

I don't care what it cost or what it sold for. It is one of my all time favorites! I believe its' value and significants will grow over time.

Brick

 

If the seller is happy with what he got for it,does anything else really matter.
Personally I appreciate the workmanship(hell-a good friend of mine works at Pinkies) but it is too cartooney for me.Maybe if I saw it at a gas station in the middle of BFE,then I might change my opinion.

 

I love how a lot of people seem to think rich people are stupid...

..that makes a lot of sense.

=p

 

It sucks that car went for so little!!! Its worth way more then that. That is an amazing car, I would really like to see the new owner drive the shit out of it.
Jimmy White

 

actualy, the SELLER is allowed to bid against the price of the car, bit it still costs him the same "sales tax" as if anyone else bought it ...

 

Anyone who spends 1.3 million dollars building a car that appeals to a small minority of the car hobby/community, and then sells it at a no reserve auction (especially one aimed primarily at muscle car and sports car enthusiasts) and expects to recoup his money (let alone MAKE money) needs to have his head examined.

Sorry, but it had to be said.

That wasn't a terribly bright business move. I'd even go so far as to say that it was just plain stupid.

Anyone who's ever sold an old car knows that if you need to get money quick, you go for the quick sale & take a hit. If you need ALL the money, you advertise the hell out of it, and you wait until the person who has all the money in the world and LOVES the car shows up.

How is anyone surprised at this? We all know that those of us who truly appreciate cars such as these are in the minority.

 

The car did NOT cost 1.3 million dollars to build. Build cost was in the 300K range. Still more than I spend, but a great car

I vote the thread is about played out.

 

I'm not bagging the car. That isn't my point at all.

The car is a work of art. Maybe one of the nicest rods ever built. I'd probably cut one of my own arms off with a rusty butter knife to own it.

But building something with that much detail and expense, that is only truly appreciated by a vast minority sector of the hobby, isn't something you do & expect an immediate return.

If MY money was invested in that build, and someone suggest we gamble on selling it at a no-reserve auction, my response would probably be something along the lines of "are you on crack?"

 

The guy that bought that car got a deal. Now before you guys start laughing think of it this way. Some young guy who peruses this website will hit it big somehow. Said young guy will have money burning a hole in his pocket. Fast forward about fifteen or so years, the car will resurface and he will remember it and how it defined everything about hot rodding for him. This particular car is art, period, we can all agree on this now. Said youngin will bid against another youngin of similar financial stature and the car will bring 1.3 million. Like I said, the guy that bought that car got a deal.

 

The buyer pays 8% and the seller pays another 8%. It would cost 16% to sell it to yourself. It's rare, but it does happen sometimes.

I agree that you pay your money and you take your chances. I don't agree that rich people are stupid, and I don't feel sorry for the guy who lost money on it.

The same thing that kept the guy from getting what he felt was a good price for the car, is keeping cars in our hobby affordable. Thank God for that, or I wouldn't be building hotrods, because I couldn't afford it.

 

I don't think so. John Buttera's T sedan sold at Barrett Jackson a couple of years ago for, I believe, $24,000. This was one of the first-ever billet cars, built with Buttera's superb craftsmanship, and a car that Grey Baskerville once called "maybe the best hot rod ever built". But now the bloom is off the billet rose, and speculators were apparently afraid of it. I'd say Loaded _might_ sell for a higher price some day, but only if that style of car is still in fashion.

In fashion or not, I'd pay 24K for Li'l John's sedan in a heartbeat.

Update: I just learned that the same guy bought my '36. They're going in a museum in Nevada.

 

Just talked to the guy who bought my car. His name is Ralph Whitworth, and he's building a museum in Winnemucca, NV. He is also the guy who bought Loaded, the Tognotti car, the LS-6 Convert and the Elvis Lincoln -- and some more stuff. He's rounding up a collection of hot rods, race cars, and customs from the era 1950-1970. He says he already has some historic hot rods -- something called the "Rajo Rod" from an early HRM, early customs from Barris and Westergard, and drag cars including the Gas Ronda Mustang and the Mazmanian Corvette. He musta spent three or four mil last weekend alone.

So my car will be put out to pasture, as it were. My wife said "Well, that's better than a guy buying it for his daughter." I think she has a point.

 

Wonder where Loaded fits in a museum of 50-70s hotrods??? Maybe he IS gonna drive it

 

Could this be Boyd's next?

 

What is that?!?!?!?!?

 

It came from Dave Lindsay's site. It was out side at the the GNR show.

 

I knew he looked familiar, a quick search will teach you a great deal.

 

Barrett jackson used to be a real car enthusiast's auction, but it has really changed over the last few years. Nowadays, it's more of a contest for obscenely rich pin heads to see who can pay the most money for a car. Nice, shiney, but run of the mill muscle cars and streetrods bring more money than they outta, while truly rare and collectable vehicles bring much less.

For example, last year, I watched two '57 Chevys cross the block consecutively. The first was a bright red Bel Air two door hardtop, 502 big block, 700R4, big billet wheels, etc. A nice car, but just a run of the mill streetrod. That car went for $102,000. The next car was a white over black 150 model two door post, unrestored, low milage, near show room condition fuel injected Black Widow factory race car. A super rare and desirable car, pretty much the Holy Grail of original '57 Chevys. That car went for $69,000.

Something is amiss.