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Old 01-20-2010   #42
1989ZR1#74
 
Join Date: Jan 2009
Location: Scottsdale, AZ
Posts: 700
Default Re: 1989 ZR-1 for sale at BJ

Ha that's a good one. Well, no problem on the insurance. It was insured less then 1/2 hour after bidding ended. Last year I set up an insurance policy through one of the BJ approved companies. They can Insure it on site. So that part is done. Not too worried about title yet. Anyway it's not like I'm gonna use it for my daily driver anywas (that's what #74 is for!)

There was a lot of interest in the car. It didn't/won't start (big time and price difference between those two words) by the time they towed it up to the auction tent there was a crowd of 5 or 6 around it all the way. I knew enough about it so I was not part of the crowd. They delayed getting it up on the block due to the long tow rope and the sharp 90 degree angles needed to get in and out. It finally made it up. The bids started at $5K. when it got to $10K I took it to $15K and then rapid fire bid from there. There were many who felt it would be a "bargain" they dropped away quickly. It got to $1K incr. when it got to $47K I bid $50K to show the other guy I wasn't going away easy. Well they tried to get $51K for an eternity and then it was all over.

I don't blame speed for going to commercial. As the car sits it is not very well presented. I am sure they did not anticipate that it would end up tied for 5th highest on the day. Only a nut like me would pay $50K for a POS like that.

I will get it back to my shop today and the fun will begin. Already ordered window sticker and build sheet for it. I will order the dealer invoice (they even produce something if the car stayes at GM) today. It will be fun, and hopefully It I can get it together by the 20th Gathering.

I have already developed a ton of GM contacts researching #74 so hopefully I will be able to chip away at its early past.

More to follow... Eric

Last edited by 1989ZR1#74; 01-20-2010 at 07:45 AM.
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