Baldwin Motion - Mecum Harrisburg
 

BM 1969 Corvette Phase III $105k Sold

BM 1973 Camaro Phase III $82,500 Sold

Wow... what happened here’s? Two documented cars from the prominent Todd Werner collection sell for 1/2 of fair market value???

Pries do not include 10% premium

Auction site lists the BM Corvette sold for $115,500 and the BM 1973 Camaro automatic sold for $90,750.

1969 Daytona Yellow Yenko Camaro 4 speed restored in 1996 sold for $258,500

1969 RS COPO Camaro Hugger Orange w/automatic export car with Canadian docs sold for $165,000

1969 COPO Camaro 4 speed Green on Green 4 speed with 2 year old resto sold for $130K.

The site adds the fees on top of the hammer price.Tom

1973 CHEVROLET CAMARO BALDWIN MOTION PHASE III

https://www.mecum.com/lots/PA0819-37...ion-phase-iii/

HIGHLIGHTS
Documented Phase III Motion Camaro
Original owner was Joel Rosen's mechanic who built the car at Motion
Believed to be the last Baldwin Motion Camaro built
Signed by Joel Rosen
454 CI V-8 engine
Automatic transmission
Gold exterior
White stripes
Black interior
Motion installed roll bar
Bucket seats
Dual side view mirrors
AM radio
Mickey Thompson S/S Indy Profile tires
Has been featured in major magazines

1969 CHEVROLET CORVETTE BALDWIN MOTION PHASE III GT

https://www.mecum.com/lots/PA0819-37...-phase-iii-gt/

HIGHLIGHTS
1969 Baldwin Motion Phase III GT corvette
Believed to be 46,165 actual miles
Matching numbers 427/435 HP engine
1 of 10 Phase III Corvettes built
February of 2005 Corvette Fever magazine cover car
Factory side exhaust
M-21 4-speed transmission
Gold/Black exterior
Black interior
Tilt and telescopic steering column
AM/FM radio
14 Motion modifications
Only Phase III Baldwin Motion with Shelby side scoops
Featured in Marty Schorr's GT chapter of his book on the history of Baldwin Motion
Original 1970 Supercar Magazine cover car
Original 1970 Cars magazine with car advertisement for Motion products

This response will sound like a rant it isn't its just an opinion.

I think the reality of the current market for collector cars is well reflected in the two instances you mention.

I do not mean for my comments to reflect on these two cars their condition, their authenticity, etc., my comments are about the collector car market in general reflected I think by these sells.

In the collector car world when there exists other avenues to, grow or advance your portfolio that are returning better results than a tangible asset, many look to that opportunity. Many consider pruning there tangible assets if you will and attempting to recover their personal short fall from the investment in that tangible asset with the above mentioned opportunity.

When this starts happening the great cars stabilize, indeed may not grow in value at all, everything else falls and retracts. You have to define great cars here as the best of the best in each category, that may mean in reality there are only 150 cars nationwide possibly growing in value. The 32,500 cars being offered per year via online auctions typically include very few of these prime cars. You end up with a situation where the true collectors are looking to prune their collections or for only the best of the best, in that mode, these two cars gain no traction, seldom do any cars gain any traction.

The result, great cars are still great, but in truth they are few and far between, the others simply can’t cut the muster and the result is the overall market appears to be soft.

I’m not sure the strength of the collector car market will return until tangible assets are considered growth assets. Disposable income grows the collector car market for sure, but even disposable income in a general growth market may not look to tangible assets and in particular when the presence of tangible assets are impacted by the number of on line streamed auctions currently available offering 32,500 cars per year for sale.

Bottom line, I think the current economy and collector car auction environment are both working against cars like these two. The other side of this and again this is not directed at these two cars for sure, the online collector car auction model presents cars that are described with wording that is not accurate or identifiable as accurate and for everyone of those cars that sells to a potential new member in the collector car world which ends up with that individual burned, the collector car world has lost another potential new participant, most will not stick around and participate once a mistake like this is made.

Hard to say what is going on nowadays. I could understand that with the more common Yenko and Copo (not that they are common, but there are more of them), but those two are as rare as it gets.

The guy sold it so I guess he was satisfied. He didn't have to sell it. Auctions are you never know. That's what reserves are for

But the COPO and Yenko left the factory as COPO's. The Motion cars were converted as were many other dealer converted cars. I think people now put a premium on ones done by the factory.

Didnt the 67 yenko camaros leave the factory as 4k cars?