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.


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  • 36 Comments
      CJ_313
      • 1 Year Ago
      Keeping the unsold stock as investments could have been a much better idea had the owner been smart enough to invest in a clean, dry place to store his investments! I can't imagine someone making a business case for keeping so-called "investments" outdoors for decades & left to rot. Apparently he'll still make 7 figures after it's all said and done, but it doesn't change the obvious.
      macutty
      • 1 Year Ago
      Incredible find but too bad more care wasn't taken to preserve these classics. I think most of those farm stored vehicles will go for but a fraction of what they would have had they been stored in a clean dry place. Still very cool but just too bad.
      • 1 Year Ago
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      Kimura
      • 1 Year Ago
      Imagine how much more they would have appreciated in value he stored them all inside and not outside to be left to the mercy of the elements.
        • 1 Year Ago
        @Kimura
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          • 1 Year Ago
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      Alex Ellsworth
      • 1 Year Ago
      As other commenters have said... gee, are they really worth that much if they're in the condition pictured?! I mean, they may never have been driven, but they sure haven't been in a "time capsule" - more like left to rot! Couldn't they have been at least minimally cared for over the years, especially if the idea was for them to appreciate in value...? Hopefully some of the indoor ones will clean up a bit better (?).
      NightFlight
      • 1 Year Ago
      The cars inside are absolutely beautiful. Couldn't he have invested in some car covers for the ones outdoors, or at least built a covered shelter for the rare production models that were kept outside? It is hard to see some of those "brand new" cars just decaying in a field.
        Ryth
        • 1 Year Ago
        @NightFlight
        Yah if his thought was these would appreciate, then at least build a damn barn or something. I mean just basic coverage with 4 walls and a roof would have sufficed and where he lived, I'm sure labor and materials are cheap.
      robert
      • 1 Year Ago
      It's just a very cool auction! Yes, they're in bad shape , but any car enthusiast has to be fascinated! Can't wait to see what kind of prices they get on the low mileage cars that were never sold. There are some gems in there.
      btulliani
      • 1 Year Ago
      Rusty Gold and sure hope most can be restored. I love barn finds!
      x19x19
      • 1 Year Ago
      The Falcon looks the best - at least it's been in the shade part of the day.
      c_miller52
      • 1 Year Ago
      Sometimes you just like to hold on to quality... then let it go cheap.. I get it....yet... He could have preserved them a little better.. after all... it is a investment..
      Jason
      • 1 Year Ago
      Why now? Why didn't they try to sell these back in the '70s while they're in better condition. Damn hoarder!
      Jessica Rollins
      • 1 Year Ago
      That is so awesome!!! I'm in love w/ classic cars before the '60s and have 2 already.A '58 Thunderbird and a '26 Studebaker!!! That was a very smart move of him to hang on to those Chevrolets and all. they will definitely be pricey for sure!!! I hope I'll find some way to make it out there to see them at least!!!
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