Lambrecht: fact or fiction?

[Cuss in Custom]

I did go down to this auction with no plans of buying any truck as high as it was already on proxy before we went down. Hanging around the main row of trucks I heard a mix of info related to the condition and original ordering of the plain 6 cyl. 4 speed no radio trucks rotting away. One main theme came out is that the man was tight or cheap. The planned nest egg idea was just dumb luck to me.

Ok, back to the Trucks. Most of the main row had no wood in the beds. What I am saying is that they never did. The story goes that he found out how to order them without and had a local guy install them cheaper for him than the factory. I think this is true because on these trucks there is no trace of any wood anywhere. The junk trucks around and other ones have traces somewhere.
As far as the condition goes not to many of the rims will ever hold air again rusting in the dirt. Oem hubcaps will be in demand. I saw many mint,no dent hubcaps with a 1/4 of them gone to rust. Most of the rearends had nothing over them. Radiators gone on most. Heater cores on some . These are the trucks that sold for 20 and up. One custom cab BBW sold for 39 and it also only had a six.

I stood there with guys who deal in just 60-66 trucks and we all just shook our heads. I would be curious to see how the new owners will try to preserve their new/old trucks value(or whatever they think its worth.)

Crazy is all I can say. Any other tidbits?

[NEWFISHER]

http://67-72chevytrucks.com/vboard/s...d.php?t=598377

[63burban]

The lumber idea sounds good, saves the customer money when purchasing the truck. Most of those trucks were bought for a fleet deal that fell through.

[1963c-10]

Seems like a lot of money for the amount of work and parts that are going to need restored/replaced in my opinion.

[63burban]

The chatter on the prices is interesting, I agree that most vehicles were overpriced, however, these vehicles will only be original once. The condition isn't so much the factor as the information these vehicles provide. How many posts or threads on here discuss a specific area on these trucks in relationship to what part or paint is original. These trucks are your answers to those questions. To the people that actually live and breath automobiles, these vehicles are priceless, to the hobbyist they are just another commodity.

[TJ's Chevy]

What 63burban said, But I still can't get over spending 40,000+ for an nos truck, that don't run and is a rusty hunk of metal. But, it's there time and their money.

[1963c-10]

50 years of sitting in a field doesn't impress me at all. There are plenty of original trucks still out there...for far cheaper and they run. 6-10 miles on the odometer doesn't impress me enough to kick out $25k for a truck sitting 50 years either. we see plenty of low mileage original trucks on this forum and the owners have paid a fraction of what was paid for those trucks this weekend at the auction. It was all just hype. If you listen to the people who were there and physically saw the conditions of the vehicles...sitting in the fields....windows down....ratted out interiors.... and the missing parts....was it really that good of a deal?

[TJ's Chevy]

Right! And they have to be restored and rebuilt anyway so what's the big deal about the low milage is were I'm coming from.

[chevyrestoguy]

I recorded it, and the entire I was watching it, I just kept shaking my head. It was a stroke of genius on the behalf of the seller and the auction company. They started the hype almost a year ago, and they had everybody so worked up by the time that the auction began, all sensibility went out the window. The auction company played a very smart move at the beginning to auction the big-dollar vehicles first. It served a couple of purposes. First, it set the tone for the auction. It was "blood in the water" for the already hyped-up buyers, and it also seperated the money players from the average folks like you and me. People like us knew at the time the gavel fell for the '58 Cameo that the auction was pretty much out of the reach for the average guy. If you showed up with $5,000 in your pocket, there was hardly anything for you.

What shocked me the most was the amount of money paid for low-mileage vehicles that still needed a complete restoration. Yes, a car is only original once, but the condition of some of those cars was so poor that in the end, all you have is a bit of bragging rights that you have an ultra low mileage car and not much else. Honestly, for the price of some of those cars, you could buy TWO of the same model that were perfectly restored and show ready. I think the buyers were foolish to spend that kind of money, but the frenzy was on, and nobody wanted to miss out on the action.

In the end, the seller made a ton of dough, and that's OK with me. They have the right to sell their items in any way they want, and it's the buyer's choice to buy them. The sellers played this auction perfectly. They got the maximum amount for what they had. I'm just curious what the auction company's cut was. That's a ton of work to present and sell almost 500 cars,

[Rich 5150 69]

For what its worth, its good to see them go to good home as opposed to sitting in the fields rusting away, no matter what they paid for them, as ridiculous as it seems, I for one would not trade my truck for one of them.....

[padresag]

Originally Posted by T.J. MCCAULEY

What 63burban said, But I still can't get over spending 40,000+ for an nos truck, that don't run and is a rusty hunk of metal. But, it's there time and their money.

the people who were buying at those prices had deep pockets
ron

[TJ's Chevy]

Originally Posted by padresag

the people who were buying at those prices had deep pockets
ron

They must have pockets 9 feet deeper than me!

[Rich 5150 69]

my jeans aren`t long enough.....!

[1963c-10]

Originally Posted by Rich 5150 69

For what its worth, its good to see them go to good home as opposed to sitting in the fields rusting away, no matter what they paid for them, as ridiculous as it seems, I for one would not trade my truck for one of them.....

Now that's a comment I agree 100% with. Doesn't matter what was paid for them....just nice to know they wont rot anymore out in a field.

[awbrown]

All I can say is it is a great time for you guys with stock wheels and hub caps to get them on ebay .....Really though , i want to see the undersides of these trucks ,so if someone who bought one is reading this , we need pics !!!

[MalibuSSwagon]

Yup it was all about the miles. Most of those cars would have been $500 if not for the hype. They all need a full restoration for the condition to match the miles, and then what? It's no longer original once you've taken a sander and paintgun to it.

But I guess for 20k, you can say you're the original owner.

[WhippinSaw]

I have never won an auction on ebay because I will not bid more than its value or I can find it cheaper somewhere else, it seems people who are bidding don't care if they can buy the item cheaper, its the thrill of the auction and a potential win that makes them bid way more than the actual cost of the item. All the hype and news coverage has stimulated the bidders into a frenzy. The Lambrecht auctions like ebay auctions on steroids.

[benwah]

I used to work in a heavy equipment auction, Was equivilant to Barret Jackson. Big names ect. Sales were 10% up til 100 grand, not sure what was after that.

[TJ's Chevy]

Here's a video for a great sneak peak of the cars....

http://www.youtube.com/watch?v=sQO-9WXT258

[Cuss in Custom]

I am not knocking the people who bought the trucks. Obviously they wanted them and had something in mind for them. Total restore and never drive it? Do nothing to it but get it going and still trailer it around? Drive it?

One person that will get some mileage out of this is Dave Giesler(spelling?)from the Pioneer Auto Museum in Murdo SD. He bought the old dealership wrecker(not a 60s truck) and didn't seem to have to overpay for it. I am sure he will have a nice display with a little info. for people to remember this event.

I would like to hear what the new owners plans are, not tear them apart.

[1320warrior]

No one has mentioned the potential impact this may have on the value of our running driving trucks. Maybe our trucks don't have the history that these do... Oh wait our trucks actually have a history. They may have had a handful of owners, that DROVE them! They have hauled parts or building supplies or firewood. They have served their prior and current owners well, unlike these overpriced scrap metal heaps! I think the story is interesting at best, but really and truly it's just sad. As a car and truck enthusiast and someone who makes a living restoring classic cars, trucks and race cars I think that Mr Lambrect did the automotive world a disservice by hoarding these cars and trucks and effectively allowing them to rot into the ground. However now he is being handsomely rewarded for keeping these poor vehicles from ever having a history. Sorry for the rant but it kills me to see anyone do this kind of thing. Like the old man that you keep asking about buying his old classic but he refuses because he's going to fix it up "someday"
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