The Key To A Profitable Dealership Is To Abandon It For Decades And Then Earn $3 Million In One Weekend
The event is named Lambrecht Chevrolet and it lasted 2 days. During that weekend almost 15,000 people went to see what is offered in this auction. The Lambrecht Chevrolet auction took place in a small Nebraska town where an abandoned Chevrolet dealership auctioned its inventory after it was being abandoned for 50 years. 500 Chevrolets mostly from the 50s, 60s and 70s were gathered there and all were sold for the total amount of $2.8 million.
The dealership closed its doors back in 1996 after 50 years. The unsold inventory of Lambrecht Chevrolet – 500 vehicles. Those cars attracted attention from all over the world – USA, Europe, Thailand and Brazil. There were a total of 3,000 on-site bidders during the weekend and another 3,300 placed bids for the cars on-line. That’s not all – The Pierce County Sheriff’s Office stated that the crowd at the auction was estimated at around 15,000 people.
The first 10 cars were sold for a total of $676,500. Here are some of the most interesting rides sold on the first day of the auction: a 1978 Chevrolet Corvette with 4 miles on the odometer selling for $80,000, ’58 Chevrolet Cameo pickup with 1 mile on the odometer selling for $140,000, 1964 Chevrolet Impala with 11 miles on the odometer selling for $97,500, 1958 Chevrolet Apache 31 Series Truck with 5 miles on the odometer selling for $80,000 and last but not least – 1977 Chevrolet Vega that sold for $10,000.
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Lambrecht Chevrolet auction event was hold by VanDerBrink Auctions managed to gather $2,841,425. According to the official sales totals released by VanDerBrink Auctions, the Saturday’s auction involved 238 vehicles and the amount of $1,951,030. During the second day the remainder of the inventory was sold and in the end of the day $890,395 was collected. Here are some of the most interesting cars from Day 2: 1956 Chevrolet Bel Air with 72,477 miles on the odometer selling for $14,500, 1956 Chevrolet C10 pickup with 3 miles on the odometer selling for $27,000 and a 1956 Chevrolet Biscayne with 25,112 miles on the odometer selling for $12,500.