The Ray Evernham Collection - Mecum Indy in May 30+ cars No reserves

[gtx6970]

I have to say that watching the #88 DC-93 bidding made me SICK!
When it stalled out at $400,000.00 with no reserve I thought the history behind it was worth more!
It finally made it to $500,000.00 and sold!
If the most significant car in our AERO history with that amount of detail is only worth that we are in trouble!
MJ

I think the #88 car deserved a little more money.   But the connection between the street cars and race cars is sort of apples to oranges.    The street Hemi Daytona is a blue chip collectible and a portfolio type car.   It is a car with known history and although not the most sexy color combo,  it was a safe buy.   So that is  what a Hemi Daytona is worth at this moment.    The market has spoken.  Amen.

The race car will always take a special buyer.   It has been for sale for a year,  although I am sure there were interested people who were watching it, no one stepped up.    The car is not usable on the street.   But it's the perfect bookend for a street Hemi Daytona owner.   It will also get you invited to just about any car event on the planet.    The history is unimpeachable.   The car has been brought back as close as possible to how it was on 3/24/70.    The thing is really flippin' cool.     It's an ultimate Daytona and a museum worthy car that you can look at in your own garage.

Let's put the #88 winning bid into perspective.    There are only two recent comparables out there:   the Petty 1971 Road Runner and the Petty 1974 Charger that sold pre-covid.   The 1971 Road Runner sold at $412k with fees.    The 1974 Charger sold for $495k with fees.   It was a small block car, but was sold direct from the hand of The King.    So there was value there.   The #88 brought $550k.     So it beat the other two Petty cars.     It landed at the low end of where I thought it would.   Congrats on the sale.   This was an over twenty year labor of love.    

How tough can vintage stock cars be to sell?     The Jim Vandiver survivor 1974 Charger was sold as part of the Evernham collection.     This was a car with good NASCAR and ARCA history (win at Talladega),   a good sounding race Hemi (ex-Marvin Hughes) and authentic patina.  It would be criminal to restore this car.    The auction estimate was a very modest $40k to $60k.     It was bid to only $35,000, ($38,500 all in) .   That is like buying the engine and getting the rest of the car for free.     I wish I had taken a home equity line of credit as that car is super cool.    The sale result was inappropriate, but that's who was in the room and on the phone that day.   

I just found out over the weekend . thus car is here in Tucson AZ . Dealer bought it

[held1823]

I was under the impression that Scott Borchetta (music executive and owner of Big Machine racing) bought it?

[gtx6970]

Its about 20 minutes from me

https://tucsonclassics.com/vehicle/1974-dodge-charger-426-hemi-nascar-time-capsule/

[held1823]

ah, you are talking about the 1974 car

[426HemiChick]

DC-93 back on track for the first time in 45 years.   An incredible moment.   

Hi Aero426,               22 June 2022

Thanks for the info. Being a dumb-ass, could someone please answer my previous questions:

"Who owns her, who was driving her, where did her return to the track take place and how fast did they have her?"

Hope someone can answer these questions.

Best Always

Christine

[Aero426]

DC-93 back on track for the first time in 45 years.   An incredible moment.   

Hi Aero426,               22 June 2022

Thanks for the info. Being a dumb-ass, could someone please answer my previous questions:

"Who owns her, who was driving her, where did her return to the track take place and how fast did they have her?"

Hope someone can answer these questions.

Best Always

Christine

The car did demonstration laps at Indy driven by Scott Borchetta - fast enough to run through the gears for the crowd.    Scott is a race car collector and a very good vintage racer.    By all accounts, all the systems on the car worked as expected. 

[426HemiChick]

The car did demonstration laps at Indy driven by Scott Borchetta - fast enough to run through the gears for the crowd.    Scott is a race car collector and a very good vintage racer.    By all accounts, all the systems on the car worked as expected. 

Hi Aero426,             24 June 2022

Thanks for the update. Guess we're not good at picking tidbits from numerous posts and making sense of it all.

You did say DC 93 #88 is here in Arizona, Tucson to be exact. Well, it sure won't rust away while living there. The US Air Force thinks enough of the area to keep mothballed aircraft there at Davis Monthan Air Force Base.

Best Always

426 Hemi Chicks

[Aero426]

The car did demonstration laps at Indy driven by Scott Borchetta - fast enough to run through the gears for the crowd.    Scott is a race car collector and a very good vintage racer.    By all accounts, all the systems on the car worked as expected. 

Hi Aero426,             24 June 2022

Thanks for the update. Guess we're not good at picking tidbits from numerous posts and making sense of it all.

You did say DC 93 #88 is here in Arizona, Tucson to be exact. Well, it sure won't rust away while living there. The US Air Force thinks enough of the area to keep mothballed aircraft there at Davis Monthan Air Force Base.

Best Always

426 Hemi Chicks

No, the car that is for sale in AZ is the Jim Vandiver 1974 Charger, car #31.     

[426HemiChick]

No, the car that is for sale in AZ is the Jim Vandiver 1974 Charger, car #31.
     

Hi Aero426,                22 June 2022

Think we've finally pieced everything together. Scott Borchetta of Nashville TN, bought Greg's DC93 #88, Ran it around the Indy track for a demonstration run then took it home to his collection/museum in Nashville.

Best Always

426 Hemi Chicks