1989 ZR-1 for sale at BJ

[LGAFF]

Originally Posted by PhillipsLT5

50 large + 10% fee + 500 bidder fee + possible in state tax + shipping to ???
Bag O Sh-t
Towed!!! onto stage
It will take Tyler & 200 K more
GM (Governmemt Motors) Salvage title, will not be able to insure or title

Eric,

Looks like you made a big mistake, I am willing to help you recoup some of your money by taking it off your hands for $10K, best to get this money pit off your hands ASAP before it gets worse

Seriously, car can be insured. Road worthy or not it is insurable under collector car insurance, there is obvious evidence of value via the auction. As to the title, you simply need to title the car as a kit car.

Great buy, but the the following are required:

1)Please describe the auction, since Speed screwed us, how many bidders, etc.

2)pics

3)pics

4)more pics.....

[1989ZR1#74]

Ha that's a good one. Well, no problem on the insurance. It was insured less then 1/2 hour after bidding ended. Last year I set up an insurance policy through one of the BJ approved companies. They can Insure it on site. So that part is done. Not too worried about title yet. Anyway it's not like I'm gonna use it for my daily driver anywas (that's what #74 is for!)

There was a lot of interest in the car. It didn't/won't start (big time and price difference between those two words) by the time they towed it up to the auction tent there was a crowd of 5 or 6 around it all the way. I knew enough about it so I was not part of the crowd. They delayed getting it up on the block due to the long tow rope and the sharp 90 degree angles needed to get in and out. It finally made it up. The bids started at $5K. when it got to $10K I took it to $15K and then rapid fire bid from there. There were many who felt it would be a "bargain" they dropped away quickly. It got to $1K incr. when it got to $47K I bid $50K to show the other guy I wasn't going away easy. Well they tried to get $51K for an eternity and then it was all over.

I don't blame speed for going to commercial. As the car sits it is not very well presented. I am sure they did not anticipate that it would end up tied for 5th highest on the day. Only a nut like me would pay $50K for a POS like that.

I will get it back to my shop today and the fun will begin. Already ordered window sticker and build sheet for it. I will order the dealer invoice (they even produce something if the car stayes at GM) today. It will be fun, and hopefully It I can get it together by the 20th Gathering.

I have already developed a ton of GM contacts researching #74 so hopefully I will be able to chip away at its early past.

More to follow... Eric

[-=Jeff=-]

cool deal, but yes Pictures please, even in its current condition

[1989ZR1#74]

Originally Posted by -=Jeff=-

cool deal, but yes Pictures please, even in its current condition

Will do. I took some last night, but will have many more once I get my hands on it.

[-=Jeff=-]

Originally Posted by 1989ZR1#74

Will do. I took some last night, but will have many more once I get my hands on it.

Eric,

I always wondered how that works for getting the car.. So once you win the auction for a vehicle, what are the steps that need to be taken before you get the car. meaning does the car have to stay at the Auction location until the very end?

I have never bought a car at an auction like thatbut I have watch Mecum Auctions at Bloomington Gold, so what happens after the 'win'

Thanks,

[Ccmano]

Originally Posted by LGAFF

Maybe some day, when I get to be Hans age, I can retire to CA on the money I make selling my Zs.

I resemble that remark!

Congrats Eric, nice buy, can't wait to see the picures. When I grow up want to be like you.
H

[Pete]

Hey, we don't care she's a little dirty we like them a little dirty.
Pictures please.

Is #74 the Snake Skinner?

Also anybody know the $47k bidder obviously he also is a ZR-1 enthusiast.

Congrats

Love to see it at BG.
Pete

[TommyL]

Congrats This is going to be another saved Z ... I for one would love to own it.

[1989ZR1#74]

Originally Posted by -=Jeff=-

Eric,

I always wondered how that works for getting the car.. So once you win the auction for a vehicle, what are the steps that need to be taken before you get the car. meaning does the car have to stay at the Auction location until the very end?

I have never bought a car at an auction like thatbut I have watch Mecum Auctions at Bloomington Gold, so what happens after the 'win'

Thanks,

After the Hammer Drops:

A guy runs out with a clip board. There is a form in duplicate that has all the information on it, lot #, hammer price, auctioneer, operator (bidders assistant). He adds your bidder number and you sign that form. Now you accept the 'contract' to buy car. They give you the yellow copy. They keep the white. They instruct you that you need to pay by close of business day. You wonder around in a daze for 30 minutes and answer fun questions like "What do you do with a car you can't drive?" "wow that seems a lot for a car that doesnt run what makes it so special?" "my uncle had a steel corvette!" (the last one was a joke)

You take that slip to the business office. They assign you a closing agent who pulls the cars file and your bidder file......

Part 2 to follow... Gotta run up to the Auction to get it towed.

Eric

[Eric870]

I bet there were a lot of heads poping up wondering what that car was after it sold for $55,000. Including Speed network...

Congrats...