This is a great info article from Nationwide. Check it out - How to Store a Classic Car
On Dec. 31, 1963, W.H. Bennett Sr., a worker at the Studebaker factory in South Bend, Ind., wrote a note in his smooth longhand.
He then folded the note, stuffed it into an envelope marked “To Whom It May Concern” in the same script and placed it beneath the liner in the trunk of Studebaker Avanti No. R-5643, the last car to come off the line there.
The note read:
“This 1964 Model Avanti was the last one built in South Bend, Ind. Serial #5643 Body #3902 Line 717 W.H. Bennett Sr. 4739. Happy New Year.”
About a year later, George E. Westin, the assistant vice president of the Land Title Guarantee and Trust Company in Warren, Ohio, found the letter in the trunk of the car that he had ordered at Jerry’s Auto Sales of Warren in October 1963.
On Dec. 15, 1964, he sent a letter to Studebaker asking the company to confirm that his car was indeed the last one off the assembly line.
Studebaker confirmed on Jan. 5, 1965, that R- 5643, which had been completed on Dec. 26, 1963,
was the last Avanti it built.
According to documents provided by the Western Reserve Historical Society,
where the car is now on display,
Mr. Westin placed an ad for the car in Motor Trend magazine two weeks later.
His asking price was $7,000 or best offer.
Documentation from Studebaker shows that R-5643,
which was equipped with a supercharged R3 engine,
manual steering, front and rear seatbelts and twin traction,
Studebaker’s version of limited slip, was originally listed for $4,883.48.
It was one of only a few with the high-performance engine option.
Mr. Westin didn’t sell the car until late 1966 or early 1967, to Joe Erdelac,
who owned an American Motors dealership in Cleveland.
A letter from Mr. Westin to Mr. Erdelac on Dec. 14, 1966,
provides a list of documentation included with the car.
But no one knows the exact date of the sale.
Mr. Westin and Mr. Erdelac are both dead, and neither Connie Erdelac,
Mr. Erdelac’s daughter, nor Derek E. Moore,
curator of transportation history at the Western Reserve Historical Society,
knows when the transaction took place.
But Ms. Erdelac said that it was probably in early 1967.
She recalled going with her father to collect the car in Youngstown.
“On the way back to Cleveland, we went over 105 miles per hour on a country road in that car,
just to test it out,” she said.
Ms. Erdelac said her father, who owned a Studebaker dealership in the late ’40s,
had an affinity for Studebaker Avantis.
At one time, he had as many as 12.
When the Avanti Motor Company, a separate entity from Studebaker,
emerged in the mid-'60s and began building the Avanti II with leftover Studebaker parts
and parts from other manufacturers.
Ms. Erdelac said her father obtained a license to sell the cars at his AMC dealership.
“Was my dad sentimental about being a Studebaker dealer in the 1940s? Probably,” she said.
“But that’s why he took on this car.”
But she said the last Studebaker Avanti sat in a service garage, covered up, for years.
Then, in 1977, Mr. Erdelac decided it was time to sell the car.
He took out full-page ads in Cleveland Magazine, Connoisseur Magazine and other publications.
His asking price for R-5643 was $100,000.
Nobody bought the car, and in 1979,
Joe, Elsie and Connie Erdelac (all of them, together, Ms. Erdelac stressed)
donated the car to the Western Reserve Historical Society,
which runs the Crawford Auto Aviation Museum in Cleveland.
It has been part of the museum’s display ever since,
and although Ms. Erdelac says it is never driven –
the odometer still shows fewer than 10,000 miles –
it comes out of retirement for guest appearances elsewhere from time to time.
In 2012, for example, the car was shipped to South Bend, Ind.,
for a 50th anniversary Studebaker Avanti celebration.
It was also brought to the National Mall in Washington in May
as part of the Historic Vehicle Association's “Cars at the Capital” event,
after spending about five months on display at the Studebaker National Museum in South Bend.
Mark Gessler, president of the association,
which works with the United States Interior Department to compile the list,
said that his team was working on getting R-5643 included on the National Historic Vehicle Register.
While the car was parked on the National Mall, they made a 3-D scan of it,
which will be included with its documentation when it is listed.
To qualify for inclusion,
a vehicle must satisfy one of four conditions:
be associated with an important event in American history;
be associated with an important person in American history;
be unique or significant in terms of design, craftsmanship, engineering or aesthetic value;
or be the first or last produced,
or a well preserved or restored survivor.
Mr. Gessler said that the Avanti definitely checks the boxes for design significance
and being the last-produced car of its type.
Also, Raymond Loewy, a prominent industrial designer,
was the creative force behind the Avanti,
which was considered cutting edge at the time.
And Andrew Beckman, the archivist at the Studebaker museum,
said that R-5643 was one of only nine Avantis built with the supercharged R-3 engine.
“It was the fastest production car at that time,” Mr. Gessler said.
written by: By BENJAMIN PRESTON
DECEMBER 19, 2014
for New York Times
Buick was founded in 1899 in Jackson, MI. It is one of the oldest automobile brands in the world, and the oldest in America. It was founded by David Dunbar Buick, as the Buick Auto-Vim and Power Company, an internal combustion engine manufacturer.
Buick introduced the Model F in 1906. When production ended in 1910, a total of 1,200 Buick Model F cars had been built. In 1906, the Model F was entered in a 1,000-mile relay run from Chicago to New York and was the only car to travel the entire distance, earning the nickname "Old Faithful." Buick was also the first car to travel across South America, driven from Buenos Aires, Argentina, over the Andes to Santiago, Chili, in 1914. Buicks won hill climbs across the country - including one in 1904 with one of the first 40 Buicks ever built.
The Auburn Automobile Company grew out of the Eckhart Carriage Company, founded in Auburn, Indiana, in 1874 by Charles Eckhart (1841–1915). Eckhart’s sons, Frank and Morris, experimented making automobiles before entering the business in earnest, absorbing two other local carmakers and moving into a larger plant in 1909. The enterprise was modestly successful until materials shortages during World War I forced the plant to close.
In 1919, the Eckhart brothers sold the company to a group of Chicago investors. The new owners revived the business but failed to realize their anticipated profits and in 1924, they approached Errett Cord, a highly successful automobile salesman, with an offer to run the company. Cord countered with an offer to take over completely, the Chicago group accepted. Cord aggressively marketed the company's unsold inventory and completed his buyout before the end of 1925.But styling and engineering failed to overcome the fact that Cord's vehicles were too expensive for the Depression-era market and Cord's stock manipulations that would force him to give up control of his car companies. Cord sold his shares in his automobile holding company.
In 1937, production of Auburns, along with that of Cords and Duesenberg's, ended.
This GTO might be up your alley! It has been repainted at least once, but quite some time ago. The seller has documents all the way back to when the car was sold new at McDonald Pontiac in Morristown, New Jersey, so it shouldn’t be too difficult to trace all of its history. The seller claims it is otherwise original, but I wouldn’t be surprised if it wasn’t fully restored when it was repainted. A closer inspection and some detective work should reveal more of the story.
If you ask me, ’69 was a good year for the GTO. I really like the styling, especially in the bright Carousel red of the Judge! I don’t mind the current blue, it’s a little less flashy and shows the lines well. The seller claims this car runs and drives well, but at this price I would want to take a closer look at it. So do you think this GTO will be worth the work or is the rust in the trunk and floors a deal breaker?
This old truck runs and drives. I think it looks really cool, but perhaps that’s just me! Luckily for me it’s far away in Duluth, Minnesota. There’s no information provided beyond that and it has a clean title. We’ve watched demand and thus prices of prewar vehicles fall, and this is an example of bargains to be had.
Can you imagine seeing this in your rear-view mirror driving down the highway? You’d have to be driving pretty slow. With the same 40 HP engine as the Model A, it wasn’t going anywhere very fast.
The bed is a newer creation. I hope someone finds a more productive use for this than for shade.
It looks complete and original from here, but it could be hiding lots of interesting things. It could have a very rusty underside and no floors. I can’t imagine doing anything to this truck except repairing any mechanical issues and enjoying it. It would make a perfect parade and hay ride truck. I would enjoy just driving it around town. Do you think this old truck deserves another life?
Stored inside for over 25 years and held within a private collection, this 1923 Model T is in remarkable shape and runs great. The wood body was built by two brothers who only had a 3rd grade education. They constructed it from a large tree that was cut using a long saw by the both of them. The tree was hauled out of the woods by a steam tractor that the two brothers had also built.
This ’23 T has had its oil changed, a new battery, and coils cleaned. Three of the four coils are strong, with one that doesn’t spark to full capacity, but still works fine. It’s seat has no rips and was redone in the mid 80’s. The headliner is good and the wood has no major imperfections.
These Model T’s are making a huge comeback in popularity and price. Although they can be found, they typically need a lot of work and are not running. Most of them are used for parts vehicles. This one can be driven and needs nothing.
If you are interested, this Model T is located in Mansfield, Arkansas and Jason would like to get $9,500.
This Iconic 1957 Chevrolet Corvette has been parked since 1974. Looking the car over shows what looks to be a remarkably original 57. This Vette has the hardtop and it features a 4 speed gear box. Having the 4 speed gearbox is a plus and it would be cool to leave as is and put some numbers on it to replicate a factory built racer. The seller is looking to trade it, and is in search of many different iconic muscle cars.
The engine bay looks original with minimal wear and surface rust. The 283 cubic inch engine is present, although its condition is currently unknown. The 283 was known for producing 1 horsepower per a cubic inch, indicating 283 hp. Hopefully the engine is not locked up and could possibly be brought back to life, or at the least be rebuilt. There is also no indication as to whether this is a matching numbers Corvette. But it looks Barn fresh so we can hope.
The interior of this corvette looks good aside from the carpet being removed. The dash looks unblemished, almost as if the cockpit became a bit of a time capsule. The steering wheel looks undamaged aside from some minor rust on the hub. The 4 speed shift lever and its mini console with shift pattern are present and shiny. We are assuming someone along the line decided to remove the carpet due to potential mold issues. We can’t think of any other logical reasoning to remove it.
This Corvette has potential, we would love more information on this Vette to better understand what we are looking at. The overall patina of the car is nice, there is no major damage apparent from the photographs. The car appears to have been stored indoors, as there is a fine layer of dust on the car in a couple of the photos. The hard top looks to be in good shape as well, and appears to feature all of its hardware and seals.
We would love to see this Corvette be revived and preserved in its current condition assuming it is as original as it looks. There would be nothing more fun that than rowing the gears in this great American classic. What would you do with this Corvette? Preserve it? Resto-mod it to look like a factory racer? Restore it? Tell us what you think would be best for this 1957 Chevrolet Corvette.
Classic Car Market Shows More Growth Than Hedge Funds
Confirming what many of us usually joke about, a new report from the Financial Times reveals the values of significant vintage and collector cars have handily outperformed a number of top global hedge fund managers "over the past decade."
FT cites a study from the Knight Frank Luxury Investment Index, outlining the meteoric rise of collector cars over the past 10 years. Apparently, if you bought into the market a decade ago, you might have seen a return of 161 percent after five years, and a whopping 467 percent after 10. Not convinced? Average hedge funds returned 4.75 percent and 7.83 percent over five and 10 years. If you shrink that down to a one-year span, the growth figure drops to a 17-percent increase, whereas hedge funds saw a decrease of 2 percent.
Before you rush out and plunk down hard cash on that rusted-out Beetle down the street, it's important that those interested in sinking significant chunks of money in the collector car market realize these growth percentages primarily represent sales of investment-grade vehicles. While you might see the value of a 1965 Ford Mustang raise slightly, you are much more likely to make large profits on cars that are well into the six- and seven-figure range.
As a result of this market rise, there is a noticeable surge in supply as well, and many more collectors are willing to offer up their valuable assets than ever before. This results in an uncertain future for the market, as investors might slowly back out as values gradually dip down.
"If you think that you will buy a Ferrari and it will double or triple in price over the next two or three years, I'm not sure that would be the best advice," Fritz Kaiser, executive chairman of a wealth management firm told FT. " But if you are a collector, then now is a good time to buy."
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