https://vanderbrinkauction.proxibid.com/asp/AuctionsByCompany.asp?ahid=1530
Amazing mileages~!
I cant believe those morons parked brand new cars in the woods and in barns/garages instead of selling them at a discounted price when newer models came out. Pure stupidity.
if they still own them there going to make wayyyyy more money now. that cameo will pay for all them when they were new. thats truly amazing. if i was a chevy guy id be bidding
Learn more about why it was this way…
Owner didnt like to sell used cars, so he drove all home.
They did real we’ll with some big contracts…
Back then…your trade was worth a couple hundred bucks…
See this video - first video of them opening the dealership
[ame=“http://youtu.be/oZ9i9kBqFlA”]http://youtu.be/oZ9i9kBqFlA[/ame]
dammmmmmmmmmmmmmmmmmm
That has to be the coolest thing to experience though. It’s literally like walking into a place where time just stopped.
you are kidding right.
One of them has a window sticker of $2800 on it still… current bid last I checked was $26,000 with 8 days left… which is an %829 appreciation, for doing nothing but pulling a car into the field and letting it sit for 50 years! Talk about a retirement plan, or a good way to save to put your kids through college.
But yeah, selling one for $50 less back then is a way smarter idea. :rofl
Ok but who knew they would be worth anything in 50+ years? Im sure they didnt do it as an investment plan.
If you own a dealership then the value of a few cars a year is pocket change.
most of those cars were under $3000 new back in the 60s.
gold was about $30-$40 a oz in 60s
inflation on a new 1960s car? or is it worth the same today just bigger numbers?
epic how something like this chevy dealer is still out there. big money to be made.
From my calculations, $2,800 in 1956 has the same buying power as a little under $24,500 today based on inflation. So are the cars actually worth more? Barely, if anything at all. But at the same time, having $24,500 in your pocket is worth more than a car just sitting, collecting dust. Or at least that’s how I look at everything nowadays.
That’s the point I was trying to make.
OK so if they put the 2800 per car back in the 50’s in a shoebox and buried it in the yard, then dug it up today what would they have?
So based on inflation I understand your point… they didn’t gain much value. But what those cars did was carry your money along the inflation train of time, and then some. How many other places can you hide your money into that proved to surpass the inflation rated like these examples?
If they put that money into a savings account, 2800 @ what is the rate now like .05-.1% compounded monthly? I don’t have a clue what it was back then, but at that rate 63 years later you made $182.
What else was out there back then to “invest” in other than goods? Even now, if you have $24k (what $2800 was back then) to toss in a field where would you put it and be in the same shoes Lambrecht is now?
great way to look at it.
exactly
I don’t know if Eric is pulling my chain or what, but if 8 people actually called my shop yesterday to bitch about my reply above… your wasting his time and I would like to invite you to just call me personally. Just PM me and I will give you my cell number if you don’t have it already. If hes really busting my balls, you sunofabitch.
Suppose they put $2800/car in to the stock market back then? Got a feeling they would have been far better off.
as long as whatever stocks they invested in didnt go down the shitter.
Well the Dow Jones Industrial average has gone up about 2500% since 1960…Seems like a pretty good return…
making a good investment is hard to do nowadays. you need insider info to be rich dabbling in the stock market.
knowing people and hearing what people say and do will help this alot.
some people can just see it coming. thats why other people with money pay them for there opnions.
i couldnt of said it better. thanks for being able to write it so others could understand it.
inflation hits hard. esp in 2013
you would of needed insider info for this to happen.
if it was like back to the future and you could bring a sports almanac to the future you would win everytime.
lmk if you can get me a 2014 issue