prolly better return than the stock market
Posted on 08/21/2013 8:21:35 PM PDT by Doogle
Seventeen years have passed since Ray Lambrecht closed his Chevrolet dealership, a small-town operation in northeast Nebraska with a big and valuable secret.
For decades, the owner of the Lambrecht Chevrolet Co. in Pierce held on to new cars and trucks that didn't sell right away. He stashed them in warehouses, at his farm and in other spots around the town he worked in for 50 years.
Now, his automotive nest egg — about 500 vintage cars and trucks — will go on the auction block. Next month, visitors from at least a dozen countries and throughout the U.S. will converge on the 1,800-resident town, or bid online.
The two-day auction will feature mostly unsold Chevrolets that have sat untouched for decades. They'll go on the block in as-is condition. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable, including a rare Chevy Cameo pickup, could fetch six-figure bids from collectors who view them as works of art to display or as restoration projects
(Excerpt) Read more at foxnews.com ...
Wow is right. What a smart guy.
Story:
http://www.thetruthaboutcars.com/2013/06/the-story-behind-the-lambrecht-chevrolet-collection/
Video:
http://www.youtube.com/watch?feature=player_embedded&v=rRFiSUH4gdQ
And most amazing:
http://www.vanderbrinkauctions.com/auction_images/135/documents/Inventory.pdf
ping
Drool.
I wish I had more money, I wish I had more money....
Whoa....
“Wow is right. What a smart guy.”
Not really. Had he taken that money and invested well in real estate or stocks, he could have died owning nice shiny new Ferraris. Cars, for the most part, are a terrible investment, and they require storage, care and maintenance whether or not they are driven.
He didn’t regard them as an investment. He was saving them so that people in the future could see what those cars were like brand new, which they otherwise could never see. He was doing people a favor, not trying to make money. See the reactions from other people on this thread. They are grateful he did it.
prolly better return than the stock market
sfl
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