| Author |
Message |
L. Wayne Ausbrooks (Lwausbrooks)
Member
Username: Lwausbrooks
Post Number: 295
Registered: 8-2002
| | Posted on Thursday, September 05, 2002 - 4:23 pm: | |
Horsefly, if it makes you feel any better, these cars are not typically considered "fine collectible cars." There are at least nine of these Franken-LMs (3 each of s/n 5149, 5899, and 6045) and they are generally considered replicas and frowned upon by serious collectors. In the case of each of the 3 s/n's, there is one car that has more original material (and perhaps the original engine) than the others and that car seems to attract buyers who are deperate enough to own an LM that they are willing to pay hundreds of thousands of dollars (There's one born every minute!). In general, though, the cars are a tough sell and not highly praised. |
Bill Sawyer (Wsawyer)
Member
Username: Wsawyer
Post Number: 445
Registered: 2-2002
| | Posted on Thursday, September 05, 2002 - 3:40 pm: | |
Horsefly:
Quit holding back, man. Let us know what you really think! |
Horsefly (Arlie)
Junior Member
Username: Arlie
Post Number: 194
Registered: 5-2002
| | Posted on Thursday, September 05, 2002 - 2:29 pm: | |
In any other collector car circle, that car would be called a butchered up piece of garbage, a mongrel with no pedigree, a fishy car with flakey serial numbers. But because it had a prancing horse logo on it, it's a fine collectible car? What a double standard piece of hogwash! Hey, if I chop my 1966 Corvette in two pieces and sell both pieces, does that mean there are now 2 cars instead of one? Holy celular mitosis Batman! |
Bill Sawyer (Wsawyer)
Member
Username: Wsawyer
Post Number: 443
Registered: 2-2002
| | Posted on Thursday, September 05, 2002 - 7:16 am: | |
I saw this car at Symbolic in La Jolla in October, 2000. At that time Symbolic was unsuccessful in selling it at the listed price of $900,000. Bill Noon told me that he had just dropped the asking price to $600,000. It was in their inventory for several more months, so the selling price may have been less than $600k.
I believe it was in one of the recent auctions. Don't know what it sold for, but if it was $1 million someone was seriously ripped off.
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L. Wayne Ausbrooks (Lwausbrooks)
Member
Username: Lwausbrooks
Post Number: 289
Registered: 8-2002
| | Posted on Thursday, September 05, 2002 - 12:14 am: | |
Peter, sorry, you posted while I was typing. The car was parted out by Ron Kellog and the front half of the frame went back and forth (Europe, Japan, Europe again) and eventually was rebuilt in Europe.
The back half changed hands and ended up with Richard Freshman who collected many of the original parts (engine, transaxle, suspension bits) and sent them to Germany where they were assembled into another car.
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L. Wayne Ausbrooks (Lwausbrooks)
Member
Username: Lwausbrooks
Post Number: 288
Registered: 8-2002
| | Posted on Thursday, September 05, 2002 - 12:05 am: | |
Tim, you're referring to s/n 6045. There are quite a few more 250 LMs now than were originally built as there are at least 2 other cars out there that seem to have multiplied as well. Even the story about the accident isn't clear on this one. Apparently the fuel tank was ripped in two during the accident (which happened in near Griffith Park in L.A.) and someone blamed someone else for flicking a cigarette, that someone else blamed an emergency road flare, either way, the car burst into flames and, well, you know the rest.
Only 32 250LMs were made. Compare that to 39 GTOs and 21 250TRs. The LMs enjoyed racing success, as did the TRs and GTOs. They should be worth abouth the same. But...
250GTO = $6.5 million - $8 million
250TR = $4.5 million - $8 million
250LM = $1.7 million - $3 million (for unquestionable history)
Interestingly, all of the Franken-LM's out there have actually hurt the values of good cars. |
'75 308 GT4 (Peter)
Intermediate Member
Username: Peter
Post Number: 1991
Registered: 12-2000
| | Posted on Thursday, September 05, 2002 - 12:01 am: | |
Is the car S/N: 6045 (which was at the recent auction in Monterey)?
The car's original owner was Bill Harrah. He sold it a few years later to a doctor who got into a severe accident with the car. From then on, it passed through quite a few hands as a collection of parts (some going to other cars, some being made into mailboxes...). Some Euro dude finally got all the parts sorted and made a replacement body for it. |
Tim Gendreau (Tim)
Junior Member
Username: Tim
Post Number: 176
Registered: 3-2002
| | Posted on Wednesday, September 04, 2002 - 10:16 pm: | |
Your right, Holy something. another option is the guy here in Phx I use. it is an all steel trailer so it weighs more but costs less. same guy that built my stacker you saw. |
Cmparrf40 (Cmparrf40)
Member
Username: Cmparrf40
Post Number: 404
Registered: 3-2002
| | Posted on Wednesday, September 04, 2002 - 10:10 pm: | |
Tim,
hey thanks for the pictures, sorry I did not thank you sooner.
I got a price on the new "trailer" from the guy you reccomended........
I told him I wanted a "Holy Sh t" trailer with everything on it including living quarters.......
Well, Holy Sh t! $65,000!
I guess I will go to a "Holy Cow" trailer!
I will call you soon and get your advice, thanks, Chris |
Tim Gendreau (Tim)
Junior Member
Username: Tim
Post Number: 174
Registered: 3-2002
| | Posted on Wednesday, September 04, 2002 - 10:01 pm: | |
a buddy of mine is making new mufflers for a 250 LM. cool looking car with great sound. crazy history on the car. I guess it was in an accident, someone tossed a cigerette and it caught on fire. car was sold and new owner hacksawed it in half and sold each half to different people and sold the engine to someone else. there are now three cars with the same VIN running around. crazy thing is this car sold for over $1m. |