Cautionary Notes for Auction Bidders

[PeteLeathersac]

‘

Wise words Myron also great advice, absolutely necessary if considering any high $ cars these days.
Thanks too for sharing Vins of what may be Rebody Z16’s, Googling each results in lots of past sales also online threads including discussions here over the years.
138375K167501
138375K175146
138375K169577

~ Pete

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[SPEEDYB]

Thanks. lots of great info for sure,
I think i'll stick to scrounging local Los angeles leads
and people, no Auction BS for me, not my kind of people.

[jeffschevelle]

Regarding the Z16's --

I suspect we all agree that all rebodied cars being sold should be disclosed as such. But unfortunately it rarely happens. And half the time when it is disclosed it is done with double speak and innuendo that make it far from crystal clear what they are saying.

The clip from FB above is confusing, as I don't recall Bob's two cars that were being sold back-to-back at Mecum being disclosed as rebodies at that time, at least they were not not on the Mecum website. But maybe they had it on the signs there, or said it during the auctions themselves.

The biggest issue on those two cars (IMO) was running them across the block back-to-back. Not a good strategy to optimize bidding ... Also closely study the VIN tag pics posted earlier, and see if you see anything of note about one of them as compared to the others ... Plus both cars were riddled with restoration errors, some poor quality repro parts, and some poor work.

The two guys who bought those cars corrected a ton of cosmetic and detail issues before reselling those cars, which (along with not being sold in consecutive Lots with another Z16) partially explains the higher resale amounts.

I don't know if the winner of the black top car this go-round knew it was a rebody or not. But as to the other car sold this go-round, the winning bidder knew exactly what he was bidding on. And at least one other bidder knew as well. So that would seem to place the current market on a nice restored, rebodied, non-original-engine Z16 in the $203 neighborhood.

Also, JR's comment in the FB post that $200K is all the money now for a Z16 is uninformed, IMO. Just watching auctions on TV does not give the whole story. Many good original body cars have changed hands in private sales for a lot more than that. And if you have one of the small number of Z16's that have their legit original born-with engines still in them, then that is another level altogether. I can't recall a legit original engine Z16 selling in a high profile auction since 2009. If you have one of those, and actually know what you have, you aren't likely to turn loose of it, and certainly not at a roll-the-dice no reserve auction!

[turbo69bird]

https://www.newsmax.com/us/antitrust...29/id/1244160/

Auction scam ! Thought it would fit well in this thread