1969 427 L71 going to auction
#1
Drifting
Thread Starter
1969 427 L71 going to auction
After 17 years of owning my 1969 427/435hp numbers matching Corvette Coupe I have decided to try the auction route to sell my car. I thought about Barrette Jackson but the no reserve scares the hell out of me so I decided to try Russo Steele Auction which is 5 miles from my house in Scottsdale. Both of the auctions run the same week so there will be a lot of potential buyers in town I paid $300.00 to list my car and set a reserve with a 10% commission and with that they will do all of the advertising like Hemming’s, Auto Trader and others. I will not know what day and time they have assigned my car until 10 days before the auction. Best case scenario is I sell my car for reserve worst case is I get to keep my car but out $300.00. I will keep this post undated from start to finish.
11/06/2013 Registered at Russo Steel
11/20/2013 Appeared in Hemming’s
http://www.hemmings.com/classifieds/...e/1611538.html
11/27/2013 Appears in the Russo Steele online catalog
http://www.russoandsteele.com/collec...Corvette/67642
12/9/2013 Appears in Autabuy
http://www.autabuy.com/Vehicles/Deta...Model=Corvette
1/15/2014 Auction starts
11/06/2013 Registered at Russo Steel
11/20/2013 Appeared in Hemming’s
http://www.hemmings.com/classifieds/...e/1611538.html
11/27/2013 Appears in the Russo Steele online catalog
http://www.russoandsteele.com/collec...Corvette/67642
12/9/2013 Appears in Autabuy
http://www.autabuy.com/Vehicles/Deta...Model=Corvette
1/15/2014 Auction starts
Last edited by 69FASTFUN; 12-11-2013 at 07:31 PM. Reason: new link
#6
Safety Car
I'm interested in following your auction experiance... always curious about the sellers side. $300 is cheap if you value your time. 3 or 4 tire kickers and you have wasted $300 in time.
#7
Drifting
Thread Starter
They had a early special that was 75% off. You are right about the tire kickers. Just the advertising that they do is worth the $300.00
#8
Drifting
Thread Starter
#9
Melting Slicks
Member Since: Mar 2007
Location: Frederick Maryland
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I'm interested in seeing how this ends up. I have a '69 L71 convertible that's matching numbers and am always interested in seeing what territory they're selling for, though one auction doesn't always make for an accurate value...just a snapshot in time.
#11
Drifting
Thread Starter
I have been cleaning and fixing little things on the car for the last 3 weeks. My car is scheduled to go through the auction on Friday the 17th at 4:30
I was hopeing for a little later around 8:00 would have been good
http://www.russoandsteele.com/collec...Corvette/67642
I was hopeing for a little later around 8:00 would have been good
http://www.russoandsteele.com/collec...Corvette/67642
Last edited by 69FASTFUN; 01-08-2014 at 08:59 PM. Reason: sp
#12
Drifting
Roughrider and I will be watching with great interest. I hope you are successful in your quest. We are right behind you.
Not sure if they telecast Russo & Steele, but hope we can get timely results. Mecum has a bunch of L71's up for auction around that time also.
Again, good luck. Ralph
Not sure if they telecast Russo & Steele, but hope we can get timely results. Mecum has a bunch of L71's up for auction around that time also.
Again, good luck. Ralph
#13
Drifting
69FASTFUN, any feedback you would like to relay from your experience. I realize this can be a sensitive experience, but just curious if everything went as expected, and what advice you might want to share.
Ralph.
Ralph.
#14
Drifting
Thread Starter
I had a great experience at the Russo Steele Auction they were very good and I was able to sell my car for above my reserve. I have to admit though I was very nervious Friday leading up to the auction but when I started my car and drove it onto the stage just the sound of my 427 was calming. They did not hound me to lower my reserve because it hit my reserve and then some. I am happy what my car sold for. I talked to several people and they thought that I could have gotten more at Barrett Jackson.
#15
Administrator
Member Since: Jul 2000
Location: About 1100 miles from where I call home. Blue lives matter.
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Congrats on the sale!
#16
Team Owner
You might have gotten more at B-J, but I kinda doubt it. They have so many 'perfect' or 'near perfect' cars going through there that it is tough to get a very nice car to sell on Friday or Saturday evening. And, if it doesn't sell at those times, the 'Big Buck$' folks aren't there. And, it has seemed to me [on occasion] that there is some risk of nice cars being stuck to 'off' days and being bought by "acquantences" of the B-J folks for less than expected money.
If you got somewhat more than you had hoped, you should be very pleased. Not everyone has that positive outcome.
If you got somewhat more than you had hoped, you should be very pleased. Not everyone has that positive outcome.
#17
Drifting
Thread Starter
You might have gotten more at B-J, but I kinda doubt it. They have so many 'perfect' or 'near perfect' cars going through there that it is tough to get a very nice car to sell on Friday or Saturday evening. And, if it doesn't sell at those times, the 'Big Buck$' folks aren't there. And, it has seemed to me [on occasion] that there is some risk of nice cars being stuck to 'off' days and being bought by "acquantences" of the B-J folks for less than expected money.
If you got somewhat more than you had hoped, you should be very pleased. Not everyone has that positive outcome.
If you got somewhat more than you had hoped, you should be very pleased. Not everyone has that positive outcome.
#19
Pro
Had thought about taking my 71 LT1 to Mecum this week but was worried about what sale day they would give me. Their sale last 10 days and a room in Florida for 10 days would be expensive. The web site did not list a LT1 for the sale. Good job with your sale.