Big $$$ for Classic Pickups at Top Auctions

Auction-lead II
By Mike Magda; Photos courtesy of Barrett-Jackson

A 1932 Ford pickup went under the hammer for $250,000 and set the pace for a record truck sale at last week’s 2012 Barrett-Jackson Scottsdale auction.

Overall, buyers paid almost $5.4 million (including the auction commission) to take the keys of 149 trucks and pickups sold at the auction last week. That equates to an average of $36,241 per truck.

“Barrett-Jackson has always been a marker for collector car trends, and this year we experienced the growing fascination with pickup trucks,” said Craig Jackson, chairman and CEO of Barrett-Jackson.

The top-selling custom pickup (Lot 1305.5, shown above on the auction block) was built by Stinger’s Hot Rod Shop. The truck emulates a Harry Miller Indy racing truck if such a class existed in the 1930s. It was estimated that 90 percent of the truck was hand-built. It features a Donovan inline-four-cylinder, Tremec five-speed transmission, quick-change rear end, Bendix-style brakes, 19-inch Dayton wire wheels and paint from Rad Rods by Troy. With the 10 percent auction commission, total price to the buyer was $275,000.

In all, 25 trucks sold for more than $50,000 (including commission). A 1953 Ford F-100 (Lot 1259) built about 10 years ago by Ford Racing and McLaren Performance Technologies went for $132,000. Called the FR100, this unique truck features a stretched cab, independent front and rear suspensions from a Mustang and a 5.0-liter dual-overhead-cam engine rated at 425 horsepower. Ford actually built two trucks: A silver one that was featured at SEMA and in many magazines, and this black one that was introduced at the 2003 F100 Super Tour, according to auction records. This FR100 had been to Barrett-Jackson before, selling for $226,800 in the 2006 auction.

Auction-70Chev1239 II
Another six-figure sale was a 1970 El Camino LS6 (Lot 1239) that sold for $106,700. Other top sellers included a 1948 Chevy cab-over (Lot 430.2) for $97,900; a 1958 Chevy Cameo (Lot 701.1) for 93,500; a 1956 Ford F-100 (Lot 956) for $77,000 and a 1940 Ford (Lot 1235.1) for $71,500.

“We have been watching classic pickup values steadily go up for a few years now, and this was definitely the year of the pickup in Scottsdale,” said McKeel Hagerty of Hagerty Insurance, which tracks auction sales throughout the country. “Compared to 2011, the average prices are up, and the buzz around pickups was talked about just as much as the multimillion-dollar sales.”

Besides Barrett-Jackson, four other major auctions were held last week around Scottsdale, Ariz. Analysts say more than $180 million in total sales were registered, up considerably from $157 million last year. Jackson says trucks made up more than 10 percent of the consignments and sales at Barrett-Jackson, but that percentage is likely to be lower at the other auctions. Just one truck sold at the prestigious Gooding  & Co. auction, where an aluminum-bodied 1955 Mercedes-Benz 300SL sold for more than $4.6 million. The lone truck entry was a 1957 Chevy Cameo (Lot 116) that sold for $49,500.

Auction RS-47ChevS718 II
Over at Russo & Steele, nearly 40 trucks were sold. Official final results weren’t available to us, but Hagerty analysts said the top seller was a 1947 Chevy (Lot S718) at $132,000. Based on reports from Hagerty and Russo & Steele, a sampling of other top-selling trucks at Russo included a 1948 Ford (Lot S706) for $126,000, a 1940 Ford (Lot S626) for $66,000, a 1949 Ford (Lot SN825) for $63,250 and a 1930 Ford (Lot TH337) for $53,250.

More pickups crossed the block at Silver Auctions. A 1935 Ford (Lot 330) drew a top bid of $37,260, followed closely by a 1948 Chevy (Lot 260) at $36,990, according to Hagerty analysts.

Overall, analysts said trucks accounted for more than $6.8 million in auction sales last week, well up over last year.

“Classic pickups are currently one of the hottest trends in collecting,” Hagerty said. “For many years, old trucks were primarily used for utility purposes, but collectors are now buying them to restore and show. The great thing about classic pickups is they are affordable, easy to work on, have great style similar to the cars of the era, and appeal to a wide audience.”

Auction-48Chev430.2 II
For more info, click below:

Barrett-JacksonRusso & SteeleSilver AuctionsGooding & Co.

Here is a list of all trucks that sold for more than $50,000 at the Barrett-Jackson auction:

Price*

Lot#

Year/Model

Barrett-Jackson

$275,000

1305.5

1932 Ford

$132,000

1259

1953 Ford F-100

$106,700

1239

1970 Chevrolet El Camino LS6

$97,900

430.2

1948 Chevrolet cab-over-engine (COE)

$93,500

701.1

1958 Chevrolet Cameo

$77,000

956

1956 Ford F-100

$71,500

1235.1

1940 Ford

$66,000

413.2

1954 Chevrolet 3100

$66,000

1242.2

1955 Ford F-100

$66,000

704.2

1958 Dodge Sweptside

$63,800

423.2

1946 Chevrolet

$62,700

1045

1956 Ford F-100

$60,500

1555

1956 Ford F-100

$58,300

75

1956 Ford F-100

$57,200

700

1936 Ford

$57,200

71.1

1957 Chevrolet Cameo

$57,200

713.1

1956 Ford F-100

$56,100

708

1941 Ford tanker truck

$55,000

1554

1954 Ford F-100

$55,000

410.1

1936 Ford

$55,000

1551.1

1930 Ford roadster

$55,000

409.2

1955 Chevrolet Cameo

$52,800

705.2

1955 Chevrolet Cameo

$51,700

702.2

1949 Diamond T

$50,600

705

1957 Chevrolet 3200

*Includes 10% auction commission. To determine the hammer price, multiply the final sale price by 0.90909.   

Auction-58Chev701.1 II

Auction RS-48FordS706 II

Comments

It must be nice to have all that money.

Beautiful Trucks!

Where are the classic Toyota's... oh yeah nevermind. LOLOLOL

That 1948 Chevrolet Truck was sold in Australia. They look very similar to British Trucks of the same vintage.

A Bedford Truck(part of Vauxhall, GM in England)
http://t1.gstatic.com/images?q=tbn:ANd9GcTkDA9k8RiQqQFrZRZtTCRyf1eXU94qtr9tLxg1CyEEyZbmNlldf6SslwURIg

A Leyland Comet
http://image76.webshots.com/176/3/80/78/2056380780044442179zHNizs_ph.jpg

A Commer Truck
http://truck-photos.net.s3.amazonaws.com/996.jpg

Leyland Comet ..again.
http://www.ian-oxley.co.uk/bigimages/Leyland%20Comet.jpg

@DB

I was thinking something similar reading the Dakar coverage--where are all of the Fords, GMs, and Fiats?

Oh yeah, there are hardly any... .

There are those that race and those that wax... .

@ Dav - looks like the one's that wax are making more money ;)

@Lou,
Not really. VW who "waxed" this year is making a fortune. In real terms No1,in the world.(Contrary to the "creative accounting"from GM) BMW who had the "Funny Car" Mini, is the world's Largest Luxury car maker; Toyota in real terms is about No.2 or No.3 fighting with GM.Globally. Nissan/Renault, that had a few Pickups racing is up to 4th. Hyundai/Kia, no pickups and do not contest the Dakar 5th. Ford is now 6th, down one place.

The reason you don't see any Toyotas at those auctions is because they aren't worth any money. There' so many of them still on the road that they just aren't rare enough to be worth the same as an old f.o.r.d. or GM etc.

Nice...but really? Me thinks...more money than brains. Just my 02.

@Robert Ryan - I was refering to the private owners ;)
I do agree that VW is probably the biggest. Too many NA people have myopic views of the world.

Neat old trucks. Robert thanks for your pictures as well. I do see the similarity between the 48 Chevy overcab and the British trucks in your pictures. I think that is great that these old trucks are being restored and are becoming sought after. Makes me wish I kept my 63 IH 1000 series with the Continental straight 6, three on the tree, 1 barrel Holley carburetor, and the stepside bed. Boy that was a neat old truck (no idiot lights just gauges) and it ran great.

@Jeff There are a lot of people here interested in some of the now defunct European , US and Canadian makes. A lot of the European makes were absorbed into the big European Multinational Truck makers. Trucks from Studebaker, Willy's etc are very much collectibles. Now defunct British maker Foden eventually absorbed by DAF(who is now owned by PACCAR) built the Kenworth Oil Rig Trucks for the Middle East.
A Seddon Atkinson, an assembled truck, using a Cummins engine. Still see these being used as Quarry Trucks pulling a Dog Trailer in Australia.
http://www.flickr.com/photos/semmytrailer/2435172755/

@Robert Ryan-Yes there is a lot of interest in the defunct makes. I googled International and found a website for an International Harvester club for collectors with old IH trucks. They were sponsoring a young man in either Maine or New Hampshire who was restoring a 1962 International dump truck. They had pictures of the restoration and pictures of some of the members old Internationals. It was neat. If I had my old 63 IH I would join it. I hope that whoever has it now is taking good care of it. It was all original down to the rims and the IH logo hubcaps. If I had children I probably would have saved it for them since it was my Granddad's truck that he bought new for about $1,600. Oh well what is done is done. Thanks Robert for the pictures.



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