The Auto Gallery Car museum in Spring Grove is closing (owner is moving to Colorado), and it gives us Midwest car enthusiasts a unique opportunity to bid on museum quality cars and memorabilia. The auction will on Saturday June 6th starting at 9 A.M. in far north suburban Spring Grove (in McHenry County), near the Wisconsin border.
Now true we get the Mecum auction every fall in Schaumburg but that’s a hot rod auction, what makes the Auto Gallery auction unique is that this is an entire collection up for grabs with no reserve. This has been in other Mecum & Barret Jackson Auctions in Arizona & Florida with essentially an estate out for the highest bidder.
Now last summer I had my father’s estate up for auction downstate and though it was much smaller and not nearly the dollar amounts as these but there is nothing like a competitive auction.
I had my dad’s auction as a “no reserve auction” (just like this one), what this means is there is no “floor” or expected price and I sold a truck and lots of farm equipment in my dad’s auction and even without the reserve I got more than I expected.
Say we are auctioning a 1987 Buick Grand National in great condition (as there are two in the Auto Gallery auction and one is pictured), and I don’t want the car to sell cheap, so I put a “reserve” on it. Let’s say I make the reserve $ 30,000 because the car is in good condition and that’s the lowest price I want for it.
Once the bidding reaches the reserve (the auctioneer will announce “the reserve is off”), then the car will sell to the highest bidder. If the bidding does not reach $ 30,000 then it’s a “no sale”, no one gets the car and I take it back home.
Often in a collector car auction once the bidding gets close to the reserve the auction house will ask the owner if he wants to take the reserve off early for this usually will get more people bidding on the car knowing it will sell.
So with that known here’s some of the cars selling in the auction and like I said, this is museum quality cars and some unique signage and other auto memorabilia.
Two 1987 Buick Grand National Coupes, one with 30,000 miles and one with 56,000 miles. This is worth talking about, the value on these cars has easily doubled in the last 15 years (its a personal favorite), and finding these cars in good condition (and not having been raced or heavily modified), is rare, so these cars are a find.
1950 Pontiac Streamline 8 Sedan Delivery, rare vehicle, looks like a Cadillac hearse but its a Pontiac.
1965 Pontiac Tempest 2dr Post, now the thing to remember with this car, the Tempest was the predecessor to the famed GTO and this has a hurst shifter.
1954 MG TF Roadste, this is a rare car, only 6,200 were ever built. And a 1970 MGB GT Coupe, when I was little these MG's were really popular and are now really desirable.
1967 Sunbean Tiger Series 1-A Roadster, another rare car, only 2,700 of these were ever built.
1955 Messerschmitt KR200 & 1962 Messerschmitt KR200 Cabriolet, these are rare European micro cars, definitely will have draw some interest.
1937 Chevrolet Master Deluxe Business Coupe, 1940 Cadillac 60 Special Touring Sedan-Fleetwood, 1948 Cadillac Series 62 Sedan & 1955 Ford F100 Pickup, these are the kind of original classic cars that you usually see in the aforementioned bigger auctions.
There are also gas pumps, garage and advertising signage in this auction to go along with these great cars, so it is a full service auction that will create a lot interest and is worth following.
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Filed under: Cars