This isn't the first car dealer turned time capsule, but it might be the biggest. Ray Lambrecht stashed about 500 new cars from 1958 to 1980 that didn't sell at his Pierce, NE, Chevrolet dealership before he closed shop in 1996, Yahoo News reports. His reasoning? Instead of selling previous model-year inventory at discounted prices, he kept the cars thinking they'd appreciate over time. Soon we'll find out how his unique business strategy worked, as all of the old/new cars - stored in the dealership and at a farm - will hit the auction block next month. We think old Lambrecht will be making some good money - perhaps as much as six figures on some cars - as many vehicles in the collection are über rare and word of the auction has spread worldwide.
It is reported that visitors from all over the US and at least a dozen countries will descend upon the 1,800-resident town for the auction to buy old Chevys with negligible miles. The cars with the fewest miles in the collection are a 1959 Bel Air and 1960 Corvair Monza with only one mile on their odometers. A 1958 Cameo pickup truck with just 1.3 miles sits in a corner with some damage to the roof and a thick layer of dust. About 50 vehicles have 20 miles or less, including the newest vehicle in the collection, a 1980 Monza with nine miles. While the cars in Lambrecht's collection can be a bit rough on the outside, the ones that were stored in the dealership still have pristine interiors.
So what will happen to the vehicles once they're sold? Jay Quail, executive director of the Classic Car Club of America, says many collectors who buy the low-mileage vehicles likely will put them on display as works of art. "It's like having a Picasso in your garage," he says. "Collectors will pay for a car that's totally unmolested."
UPDATE: Take a better look at this time-warp collection with the new Associated Press video added below.