Two men paced back and forth as bid callers awaited the next move. The engine of the 1950 Oldsmobile 88 two-door hardtop hummed over the crowd, and the two bidders continued to up the ante into the $50,000 range.
After several minutes, the auctioneer called it sold at $58,250 to Rocky Santiago, who said he bought it for a friend in Houston.
The men weren?t the only two to square it off in the third annual Amarillo Collector Car Auction. Saturday?s auction at Vintage Autohaus and Imports, 8201 W. Amarillo Blvd., attracted about 100 bidders, said Santiago, who owns the auction. Car enthusiasts meandered from vehicle to vehicle to browse, inspect and mark which they would seek.
The auction drew more than 100 cars, trucks and motorcycles ? classic vehicles, including a 1978 BMW motorcycle with a sidecar and a 1951 Chevrolet five-window pickup, to newer models, such as a 2007 Mercedes and a 2008 Chevrolet Corvette Z06.
?Less is more in this case,? Santiago said. ?Instead of a 300- to 400-car sale, it?s more of a one-day sale. The facility can only hold so many, so there?s an opportunity to sell a lot of good cars.?
Amarillo Corvette Club members lined up the vehicles as they buzzed by the auction front for show and bids.
Don Houghton, a Corvette Club member, said he was helping with the auction, but checked out some of the older cars.
?They?re all so nice,? he said. ?It?s just a fun event. You get out and see people, there are good prices and you have fun.?
Dale Reim, of Enid, Okla., had his eye on about three or four vehicles, including a 1942 Chevrolet Special Deluxe two-door and 1957 Chevrolet C10 pickup. Reim said he likes to buy vehicles, restore them and sell them.
?I look for rarity and investments,? he said. ?Like that (1957 Chevrolet pickup) over there ? the bed of the truck is made out of fiberglass.?
A lot of the vehicles at car auctions aren?t completely restored, he said. ?They need a little TLC,? he said. ?So I take them, finish them up or add on to them.?
Reim said he has a 22-vehicle collection, but he hoped to expand.
?It?s something you enjoy doing, and if you pick up a dollar or two, that?s good.?
Santiago said vehicles typically run from $15,000 to $25,000 at auctions, but some hotter items may run for more.
His bidding competitor, Oldsmobile buff Bill Mercer, said that car was the only one he was interested in. ?Someone wanted it worse than me,? he said.
Source: http://amarillo.com/news/local-news/2012-10-27/burning-rubber-and-cash
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