Throughout The Car Industry
Lambrecht Chevrolet Auction Results
In case you missed it, last weekend's Lambrecht Chevrolet auction was huge, colossal, monumental. Over 10,000 people descended on the tiny town of Pierce, Nebraska, all hoping for a glimpse of the 500+ cars that a small town Chevy dealer had been squirreling away since 1946. By Sunday night, some 3,400 bidders had participated in automotive history, as they paid record prices for the cars from this now-famous collection. So how did the Lambrecht's retirement fund fare? Let's find out...
In the collector car world, records are usually set by millionaires at Pebble Beach, not mechanics in a muddy cornfield. Despite its agrarian setting, the Lambrecht Chevrolet auction broke lots of molds along the way to becoming a national sensation. The story centers around a Chevy dealer in Pierce, who horded 500+ cars over 50 years. Ray Lambrecht didn't sell many of his trade-ins; he put them in storage 'for a rainy day'. He did the same with the unsold new inventory too. Tucking brand new Chevys into warehouses and barns around Pierce. Plastic still on the seats, window stickers in place.
Now 95 years-young, Mr. Lambrecht finally decided to let it all go. VanDerBrink Auctions was hired to conduct the sale, and the PR began in earnest. Auctioneer Yvette VanDerBrink did interviews with all the major media outlets, blogs posted stories, and newspapers printed tales of Ray's collection. By the morning of the sale, over 10,000 people (some estimates put the total closer to 20k) had converged on the tiny Nebraska farm town. This collection put antique cars within reach of average collectors, and they were happy to pay for a piece of automotive history.
Lambrecht Chevrolet Auction Highlights-
Chevrolet Leftover New Inventory:
1958 Chevrolet Cameo Pickup – 1.3 miles - $140,000.00 *Record price
1963 Chevrolet Impala 2-door - 11 miles - $97,500
1978 Chevrolet Corvette Indy Pace Car - 4.3 miles - $80,000
1958 Chevrolet Apache pickup - 5 miles - $80,000
1964 Chevrolet Impala 2-door - 4 miles - $75,000
1965 Chevrolet Impala - 12 miles - $72,500
1960 Chevrolet Apache pickup - 2 miles - $46,000
1965 Chevrolet Impala - 12 miles - $45,000
1963 Chevrolet Corvair Monza - 17 miles - $42,000 *Record price
1963 Chevrolet Corvair Monza - 17 miles - $40,000
1965 Chevrolet Impala – 6 miles - $15,500
1977 Chevrolet Vega – 6 miles - $10,500
1990 Chevrolet Lumina minivan – 50 miles - $5,900
1980 Chevrolet Monza – 9 miles - $4,000
1956 Chevrolet Bel Air - $14,500
1959 Chevrolet Biscayne - $12,500
1966 Chevrolet Chevelle - $11,250
1954 Chevrolet 6100-series truck - $10,500
1951 Chevrolet 3600-series pickup - $9,500
1957 Chevrolet sedan - $9,500
1949 Oldsmobile convertible - $9,500
1957 Chevrolet Bel Air - $9,000.
At the end of the two-day event, 503 vehicles were sold, and Ray Lambrecht walked away with an estimated $2.8 million!
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