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 Aumann Auction (Page 2)
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sslick68 Active Member Posts: 615 |
posted 01-30-2006 01:46 AM
  
Talked to Kim tonight and he said that the gloves were going very cheap?Has our hobby took a hit in the pockets or what?I am going totake a look at the results tonight!Hope Rex is happy,probably on his way to Hawaii!!!!! ------------------ IP: Logged |
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Seth Robbins Active Member Posts: 1470 |
posted 01-30-2006 07:12 AM
The high-end stuff brought high-end money, bottom-line. Globes can be rare as hen's teeth, but when they aren't picture globes and when there are hundreds of them, some are bound to start going cheap. That is the nature of an auction. In our auction last year, Rex himself bought some Crown globes that he considered rare for like the $300-$500 range, while a single Clipper lens brought $5000, a Tex Ethyl on glass brought $2500, a 1pc baked Sinclair brought $3500 and a Veltex brought $3000. I watched the sale....I saw the following including BP: Olds Globe=$5000+, Gargoyle $3000+, 1pc Red Crown=$11,000, Tower $2900, Magnolia $9000, Pontiac Sign $8000, Dodge Trucks Sign $6600, Olds Rocket Sign $9000+. Then I saw a bunch of capco, text only, 1-color globes bring $200-$400. It all seemed pretty typical to me....and as far as pumps go, I've never had good success with restored stuff in an auction. Here's a good example: 2 years ago I had an unrestored Roman Column bring $10,000 at my sale. The following year, I restored one (Roman) to Pollygas and it brought $10,900. What I am saying is, most times my experience has been that pumps will bring about what they should if they were unrestored regardless if they are restored or not. Last year, I sold a 541 restored to Shamrock for $1200 and 5 minutes later sold an unrestored for 541 for $900. Auctions are odd...just like I typed to Rex last week, "Some stuff is going to go really high, some stuff is going to go really low, but at the end you are going to get a big check". Sounds like buyer & seller alike won in this auction. IP: Logged |
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midway oil Active Member Posts: 311 |
posted 01-30-2006 08:54 PM
That's kind of scary Seth, on the value of restored pumps. I watched a Wayne Cut 615 in shabby condition sell for three grand at a sale in Des Moines last summer. The pump really needed to be taken apart, stripped completely, and totally re-done. But there were two guys bent on owning the pump, and I guess that is what an auction is all about!! So more power to 'em. I have a VERY solid and original Rush Model K (minus the cylinder that I broke taking the pump apart) that still had original Phillips 66 black and orange paint. Looking back I guess I should have just left it alone, but it looks a lot better now sandblasted and re-painted.... IP: Logged |
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hotcidr Active Member Posts: 380 |
posted 01-30-2006 09:34 PM
I hope many of you are going to be at Seth's auction. I've gone every year since it started and always come home with something. Some good buys and some bad but Seth has some GREAT stuff this year Ray IP: Logged |
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Seth Robbins Active Member Posts: 1470 |
posted 01-30-2006 09:55 PM
Midway...I think the thing about restored pumps and auctions is that the kind of person who is going to pay top dollar for a restored gas pump is not the kind of person who is going to travel 1/2-way across the country to go to a collectibles auction. Most of the pump buyers that come to my auction are also restorers. I know as a restorer, that I generally don't buy other restorations, unless they are cheap. Also, most guys that buy pumps at the oil and gas auctions seem to be buying them for resale. It's a weird phenomenon, but for the most part, I'm money ahead to sell unrestoreds at auction. Thanks for the encouragement Ray. IP: Logged |
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