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I agree, lot 654, 29 thousand over what auction house placed value. Only takes two,caught up in the bid war !
*Wanted Pierce Pennant Petroleum*
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I saw the auction book on that auction,,, wouldn't know how many dollars this auction brought but it had to be in the many , many, millions... the book was 1-1/2" thick , all glossy pages, , I think the book was $150 and $250 for a bidders number., cars, Wulitzer organs, art, gasoline, etc.. just everything...huge !
Wes.......
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My god, they got the best prices for that material alright. The owners must still be jumping up and down. $40,000 for a Wayne 50 display? Need to contact them on some of my doubles and displays.
Craig
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Hey who was the second bidder as I'll sell my wayne 50 display for 50% off..... today only for $20K....
Last edited by vmc44; Mon Feb 27 2012 09:24 AM.
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One must take into account the provenance of these items. The buyer(s) now owns an item that came from the Milhous Museum collection. I saw the auction book on that auction,,, wouldn't know how many dollars this auction brought but it had to be in the many , many, millions... The top 10 items alone brought over $13 Million! $3.3 Mill for the 1912 Olds... http://www.rmauctions.com/auction-results-overview.cfm?SaleCode=MH12
Sell me your Gilmore Oil Co. stuff...
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I agree. I would pay more for a particular item based on provenance. Every piece I have in my collection has a story and I love to share those stories. That's what makes items interesting.
Dave GILL, Dave's Garage & Memorabilia, Inc.
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I think it's called respect of history and a willingness of some to pay for it.I'm not talking ebay or "picking & flipping" from anywhere to get something,I'm talking pieces with a documented history of it's source such as pictures of the piece in actual use in the industry.I can personally assure that kind of stuff,top grade or not,will bring top dollar from many collestors.I might add,when and if that stuff is ever offered for sale.
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I saw the auction book on that auction,,, wouldn't know how many dollars this auction brought but it had to be in the many , many, millions... the book was 1-1/2" thick , all glossy pages, , I think the book was $150 and $250 for a bidders number., cars, Wulitzer organs, art, gasoline, etc.. just everything...huge ! I made it to that auction to bid on some of the pumps and signs. Came home empty handed, but not for a lack of trying...There were some deep pockets there. As you can tell from the auction results prices were outrageous, but the pieces in the collection were top notch. Didn't hurt for R&M to have the auction down the street from the Concourse de elegance car show hosted by Jay Leno either. -Paul
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Wes.......
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I think the area where the auction took place has a lot to do with it and the types of buyers. Many overly restored items.
The most valuable commodity I know of is information-Wall Street
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One must take into account the provenance of these items. The buyer(s) now owns an item that came from the Milhous Museum collection.
[quote=Wes Hague]I saw the auction book on that auction,,, wouldn't know how many dollars this auction brought but it had to be in the many , many, millions... The top 10 items alone brought over $13 Million! $3.3 Mill for the 1912 Olds... PROVENANCE ??? That's very questionable when it comes to gas pumps don't you think ?
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Re:Provenance for pumps. A few years ago I had a gentleman approach me stating he had a barn full of his grandfathers items. His grandfather owned a Shell gas station during the 1920's and then his father ran it till the 1960's when they sold it. I purchased the original visible gas pump, old photo's of the pump in use, Coca Cola vending machines. Sales awards from Shell dated 1941 for 25 years of good service and a service award dated 1961 for 45 years of service. Old telephone directories and other advertising from the gas station. A pick-up truck full of shop tools dating back to the 20's. In this particular town there was a fire that destroyed the entire main street in 1922. You guessed it, the only building to survive was the gas station. How's that for provenance and a story.
Last edited by Dave's Garage; Tue Feb 28 2012 07:56 PM.
Dave GILL, Dave's Garage & Memorabilia, Inc.
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The Texaco Fry never looked like that. $9000.00 + ? What you have is a bunch of silly old rich man.
Last edited by blacktee; Tue Feb 28 2012 08:27 PM.
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