GT-E XR-7 Gonna sell at Mecum Indianapolis May 2012

Cougar Community Classic Cougar Community Discussion
1

Friday night at about 9:15 May 18th

Good luck to the seller and buyer!


http://www.mecum.com/auctions/lot_detail.cfm?CFGRIDKEY=SC0512-126359

2

John Baumann old GT-E

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Beautiful GTE. Didn’t this car sell a while back unrestored in the 60k neighborhood? What’s the thoughts on the price of this one? I’m guessing near the 100k mark closer to 90k.
Steven

I need it! Where’s my lottery ticket? :laughing:

4

This car was on Ebay just before Gunner sold…same pictures…

5

Where are the rest of the photos? No front seat pic?

6

John offered me that car $7500 just after he got it. It pains me to recall the conversation. He had two GT-Es at the time. Both were for sale. which ever one sold first, he was gunna keep the other. I think Royce as offered the car before John bought it (believed to be a 390 car) for $1500.

Gee, our old LaSalle ran great…those were the days. -Archie Bunker

7

Yup the car belonged to a used car lot in Texas. Guy called me and said he had a 390-4V XR-7 '68 Cougar, automatic with no air conditioning and hit on the passenger door post. Green with green interior and not running. Asking price $1500. I foolishly did not go look at it.

Then the guy calls John Baumann. John wisely asked what the VIN was and scored.


8

Royce: does this mean that the car has a replacement driveline or is it the original born with driveline?
Joe.

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It’s numbers matching according to Mecum’s website listing. I think the car lot that offered it to Royce had mistaken it for a s code 390 car instead of a w code 427 GTE.
Steven

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Wow, one of these days, I’m going to fall in a pile o pooh, and come out smelling like a rose that way…one o these days…:pray:…LOL.

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No it means the guy trying to sell me the car did not know the difference between a 390 and a 427. He also did not know that a W in the VIN means 427, and did not know that 7.0 Litres is 427 cubic inches. It also means I foolishly did not bother to go look at the car, and missed the deal of a lifetime as a consequence.

By the way several GT-E’s came with rear seat shoulder harnesses. This is the only Augusta Green / XR-7 / W code GT-E with the rear seat harnesses.


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Make room in that pile for me! :laughing:
Steven

13

Want!

Off to the store to buy an energy drink and a powerball ticket. :smiley:

14

We’ll it looks like the time is here. Anyone got a guess on what it will bring?

Mike

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I put my guess on the GT-E at 90-100k. I think closer to 90 though. A modified red 1967 standard with a 302 sold Thursday for 12,500. Clean looking car, I just wasn’t keen on the Eliminator hood scoop and rear deck spoiler.
Steven

16

Anyone know if there is a reserve on this one?

I believe I’ve seen this car within the past year. If it is the same car, it is a nice one. But I’m feeling a bit concerned about the market for this car. It’s not going to go B-J (at least I doubt it) and my gut tells me $70-$75K I have no idea why I feel this way, I just do. I think the price is going to be a major disappointment and may not hit the reserve (if it has one).

Good luck to seller and buyer! I wish I could be the winner, but I won’t even be a bidder. :frowning:

17

The Reserve thing has me a bit worried too…this could be very anti-climatic. Maybe


There are some cars doing very well, it seems. I think the market is just fine for rare original cars. And even the Dime a Dozen Camaros are still bringing rediculous $. However I also noticed a 427 Yenko just went today for less than 70K. Ouch. And Run of the Mill 350 cars are going for 35-55K. One never knows how original and well done a car is without being there in person, though.

I do know that the buyer of Gunner is there, as is the expert that inspected my car for him. He said he’s not a buyer of this Green car only because of the color. He and his friends are in-the-know with a lot of people with a lot of money, though…and this car is a good piece. This could be interesting.

18

I don’t think the reserve will hold it back. Mecum auction crew works the seller pretty good when a car gets close to the reserve price to drop the reserve. If this happens at the right time the bidding can take off.

I saw a trend at this auction where cars without their original engine (Chevelles,GTO’s,Mopars) bringing strong money well north of 50k. Fingers crossed I hope the GT-E does well.
Steven

19

This Fairlane 427 just sold…$ 92,500


Pretty good…


http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=SC0511-107375

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Bidding goes on at 70k. I wonder what it will bring, if it meets reserve. Was suprised to hear the auctioneer start the bidding at 150k.