57 Rag Top at Toronto Auction

bjburnout · Uber Guru

57 Rag Top at Toronto Auction

427carl · A Poncho Legend!

Lot : SP117

1957 Pontiac Laurentian Convertible

Offered Without Reserve

To be auctioned on Saturday, April 13, 2013

Engine Displacement: 283
Transmission: Automatic
Exterior Color: Yellow
Interior Color: Yellow

67BBSD · Canadian Poncho Superstar!

Bernie, were you there ? I was, sorry I missed you

67BBSD · Canadian Poncho Superstar!

seller's fee is the standard 10%, consignment can run anywhere from $275 to $550 depending on the day and time

remember the government get 13% and they don't have any part in the sale

-- Edited by 67BBSD on Sunday 14th of April 2013 08:25:01 AM

dualquadpete · Canadian Poncho Superstar!

Think it did well considering the today's market!!! Was there a sellers fee, or consignment fee as well????

bjburnout · Uber Guru

dualquadpete wrote:
Think it did well considering the today's market!!! Was there a sellers fee, or consignment fee as well????

I was surprised it sold for that high........but it really is a nice car. Then again 'no reserve'

the owner could have just been protecting himself at buy it back (he would just pay commissions)

I've seen this happen at Barrett Jackson and Mecum numerous times.

There is no shortage of fees there........if you're selling and want a good spot it's about $550.

If you sell, the seller's fee is around 6% but the worse is for the buyer.........10%

Ya Ken, I was there from about 11am to around 5pm....not very impressed.

A few nice cars but the venue has become stale and dirty.

When RM ran it had a nicer atmosphere but yesterday was pretty bad and car count was

way down, worse that the fall auction.........probably won't ever go back

bj

Canadian Poncho · A Poncho Legend!

I find it ironic that RM is based in Canada yet they don't hold any auctions here.

bjburnout · Uber Guru

Canadian Poncho wrote:
I find it ironic that RM is based in Canada yet they don't hold any auctions here.

Rob Myers (RM) realized a while ago that Canada's market was heading south (literally)

Most of our stuff went to US buyers when the dollar was way down, hey we did the same thing

back in the 70's to them.......remember the deluge of stuff coming north.

RM runs a high class world wide operation and must have seen the Toronto Auction as a sad reminder

of what happened to our market, albeit he was very instrumental in its demise.

Dan Spendick tries very hard to make the Toronto Auction work but sadly the market has really

nose dived. I bought and sold cars at the RM auction 15 - 20 years ago and made just

enough to have some fun, but those days I think are long gone.

bj

long stroke · Canadian Poncho Superstar!

A few years previous to this auction sale, this same car was offered and the bidding went up to $90,000. The owner turned it down because his expectations were for over $120,000. This is what greed gets you, he held out and ended up getting far less. I have been all over this car a number of times and it is a real nice car, no doubt about it but there is way too many things wrong and not original with this car to put it in the stratosphere realm of old car pricing. The buyer that got this 57 did very well for the money that he paid because the body looked sweet. All the things wrong with it could easily be fixed for............... you know more money. I hope she went to a good home. Cheers. George.

-- Edited by long stroke on Friday 11th of July 2014 11:43:36 PM

-- Edited by long stroke on Friday 11th of July 2014 11:45:26 PM

73SC · A Poncho Legend!

A hardtop version at Autofest last year.

long stroke · Canadian Poncho Superstar!

73SC wrote:
A hardtop version at Autofest last year.

I knew the the previous owner of this car that died (John). When John died, many people hounded his wife to sell it to them. She finally relented to the present owner of the car. This car is just as sweet underneath as it is on top. A real Canadian survivor and this car even has the ultra rare Turbo glide automatic transmission. Much of the paint is still original (1957). John was a mechanic by trade and did all the work. The present owner is one lucky guy. Cheers. George.