$850,000 camaro

[hotwheels]

Not sure how many have seen this yet, but i was stunned to see so many bid's on this car: http://cgi.ebay.com/ebaymotors/Chevrolet-Camaro-ZL-1-40-1969-Chevrolet-Camaro_W0QQcmdZViewItemQQcategoryZ6161QQitemZ45688 64225QQrdZ1

know what's even crazier? The reserve isn't met..........hotwheels :(

[XcYZ]

There's some talk that the reserve won't be/cannot be met, that the car isn't really for sale. HeartBeatCity.net is getting A LOT of advertising for the $40 insertion fee of the auction.

There are a few guys here that are in the know, maybe they'll give some insight.

[Edward Bednar]

Looks like he pulled it early. Maybe he was afraid reserve would be met even though it was astronomical. Anyone who is diappointed that their bid didn't land them the car I'd be more than happy to talk with them regarding building a 69 they could actually feel comfortable driving. lol Ed

[rwhite692]

A buddy of mine made this observation, when we were talking about this auction/car:

It seems fishy and I’m guessing it’s staged more to market the car and create Camaro hysteria than to actually sell it. I can’t imagine a car like this actually selling through eBay. Wouldn’t there need to be lawyers and brokers and contracts on a deal like this?
You don’t just paypal somebody a million bucks.

The high bidder just bought t-tops for a late 70’s trans am for $43 dollars that “need cleaning”. Now why is a guy who’s putting together a 79 trans am and buying dirty t-tops be in the market for a million dollar Camaro?
I can’t find a single substantial item in any of the active bidder’s histories. One of the guys is a hobby dealer, and another mostly buys a lot of soft core porn DVD’s.

Look at the first bidder. He goes $775,001 and is outbid at a maximum of $775,427. He’s willing to go $775,000 but not another $500?

The next guy’s window is $200. The 3rd guy’s window is $300 and then 2 guys at $100 each. The bids make no sense. Based on these bids the bidders are capping their bids at 0.02% of their initial bids.

"I’ll go $776,000, but not a penny more than $776,200!!!!"

The rich guys at Barret Jackson that bid on cars at this level would be dammed if they’d loose a car like this over $100k, let alone $200. It’s wacky.

When cars like this (or any really big ticket item) hit Ebay, you get knuckleheads who will just make ridiculous bids on the items for fun or to thumb their noses at the seller. I'm surprised someone didn't bid 200 million.

IMHO..There isn't a Camaro, ZL-1 or otherwise, that is going to hit 1M anytime soon, not when there are many examples of even more rare cars (several historically significant Corvettes come to mind) that have not managed to even come close to doing so.

[SPIKER1]

or you may be-able to win one herehttp://www.stop-als.org/wincar.aspx

[race-rodz]

i wonder if the guy ever sent the pics of his wife.... for the "weekend trade" :D

[XcYZ]

or you may be-able to win one herehttp://www.stop-als.org/wincar.aspx

Spiker, that's a great car for a great cause. :thumbsup:

http://www.stop-als.org/assets/wincar_bigger.jpg

[Edward Bednar]

Wasn't the only 1st gen Z-28 convertible, a car made for Pete Estes by product development at GM, not too long ago offered at auction and didn't it receive a serious million dollar bid but didn't sell because the reserve was like 1.2 million? Anyone remember the details or was I dreaming? Truly a one of a kind. Ed

[clill]

Before anyone buys raffle tickets for that COPO...the fine print on the ticket states that if something like 100,000 tickets are not sold , the raffle turns into a 50-50 raffle.

[XcYZ]

Charley, I looked around the site a little but I didn't see where they talked about a minimum amount of tickets that need to be sold.

[trapin]

There's some talk that the reserve won't be/cannot be met, that the car isn't really for sale. HeartBeatCity.net is getting A LOT of advertising for the $40 insertion fee of the auction
If that's the case, it wouldn't surpise me. The username of the seller says Heartbeat City. That would be Heartbeat Jim (as he's known around the 'D'). I don't have a lot of repect for those people over at Heartbeat City...they're crooks as far as I'm concerned and the rudest business I've ever dealt with.

[Steve Chryssos]

If the reserve can't be met, why don't we all just start a bidding war? Who wants to go first?
/Steevo

[DCreations]

I will bid 1 million if I dont get introuble :D

[rwhite692]

Yep Ed that's the 68 Z-28 convertible, one of one, built for Pete Estes. He only drove convertibles and so it was built for him to leverage approval for a true "volume" Z-28 in 68. Supposedly the car is well documented but has not reached some very optimistic price targets at auction. Some info on the car here:


http://www.holisticpage.com/camaro/camaros/rare.htm

[clill]

The part about the car being built so Estes would approve regular production of the Z28 is a myth. By the time that convert was built the Z28 was already in production. All the orig paperwork was stolen out of their tow rig at one of the auctions and has not been recovered.

[Steve Chryssos]

The part about the car being built so Estes would approve regular production of the Z28 is a myth. By the time that convert was built the Z28 was already in production. All the orig paperwork was stolen out of their tow rig at one of the auctions and has not been recovered.

Oof! I guess the thief has figured out that the paperwork is kinda hard to sell on its own.

[jonny51]

Is that the car where the paperwork was stolen recently?(within the last year or two?)

[907rs]

The part about the car being built so Estes would approve regular production of the Z28 is a myth. By the time that convert was built the Z28 was already in production. All the orig paperwork was stolen out of their tow rig at one of the auctions and has not been recovered.

That'd be the one, Jon. :D

[jannes_z-28]

Will that mean that we soon will see another Z/28 'vert on sale on eBay soon. With paperwork presumably. http://www.colorconsult.se/users/camaro/links/clonk.gif


Jan

[rwhite692]

Hey Charley I hadn't heard about the "stolen paperwork" thing. Quite a tale of woe (insert sad violin music here)...:(

The whole "stolen paperwork" thing sounds real hokey. I wonder if there really ever is/was "paperwork" to document the car....

How would a would-be theif even know where to find papers for the car and know what he was stealing? Seems highly unlikely to me.

Also, you would think that an owner of such a car would have:

A: Kept the documentation at home in a secure location, or, if necessary to have the originals at the auction, in a secure place away from the car

B: Have at least made some copies of all the documentation.

C: Have had Ed Cuneen research and document/certify the car at some point...

In short...Fishy.:rolleyes:

[jonny51]

Hey Charley I hadn't heard about the "stolen paperwork" thing. Quite a tale of woe (insert sad violin music here)...:(

The whole "stolen paperwork" thing sounds real hokey. I wonder if there really ever is/was "paperwork" to document the car....

How would a would-be theif even know where to find papers for the car and know what he was stealing? Seems highly unlikely to me.

Also, you would think that an owner of such a car would have:

A: Kept the documentation at home in a secure location, or, if necessary to have the originals at the auction, in a secure place away from the car

B: Have at least made some copies of all the documentation.

C: Have had Ed Cuneen research and document/certify the car at some point...

In short...Fishy.:rolleyes:

It was pretty well talked about.I believe it was shown many times with the original paperwork.I read about it over at Yenko.net awhile back.I think he had the paperwork in a locked briefcase that was stolen if I remember correctly. :_paranoid

[rwhite692]

Wow. Just seems so...unlikely.

[evilzee28]

Hey Charley I hadn't heard about the "stolen paperwork" thing. Quite a tale of woe (insert sad violin music here)...:(

The whole "stolen paperwork" thing sounds real hokey. I wonder if there really ever is/was "paperwork" to document the car....

How would a would-be theif even know where to find papers for the car and know what he was stealing? Seems highly unlikely to me.

Also, you would think that an owner of such a car would have:

A: Kept the documentation at home in a secure location, or, if necessary to have the originals at the auction, in a secure place away from the car

B: Have at least made some copies of all the documentation.

C: Have had Ed Cuneen research and document/certify the car at some point...

In short...Fishy.:rolleyes:

Hey,you should be a detective, they ain't gonna get one past you, I especially liked the observations you made regarding the bidding on your previous post, you're not a detective are you? FBI?, IRS? Naaah can't be, you gotta cool car :unibrow:

[clill]

He does have copies of the paperwork. My understanding is the theif grabbed his wifes purse and whatever was contaning the paperwork. Probably trashed the paperwork when it didn't turn out to be money. Nothing Hokey going on. I think they brought it to give to the new owner if it sold. It and the purse were on the front seat of the tow rig while they were unloading the trailer. Just didn't think about locking their rig while they were 25' away from it.

[jonny51]

He does have copies of the paperwork. My understanding is the theif grabbed his wifes purse and whatever was contaning the paperwork. Probably trashed the paperwork when it didn't turn out to be money. Nothing Hokey going on. I think they brought it to give to the new owner if it sold. It and the purse were on the front seat of the tow rig while they were unloading the trailer. Just didn't think about locking their rig while they were 25' away from it.


Ok my story was off a bit but i knew it there wasnt any funny business going on. :D

[rwhite692]

Charley and Jonny thanks for setting the record straight, a shame to hear that something like that really happened to those folks....Sorry to sound cynical...we just hear so much wierd stuff all the time, it's getting hard to know what to believe anymore...

[hotwheels]

so those guy's ended the auction early? I think you are right scott, it was to draw attention to their business......sad way to do business, but it bet it has alot of people checking em out.....