Old Car Auction Nebraska
  • Old Car Auction Nebraska
  • In this Aug. 12, 2013 photo, old Chevrolet automobiles fill the showroom of the former Lambrecht Chevrolet car dealership in Pierce, Neb. Next month, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • In this Aug. 12, 2013 photo, old Chevrolet automobiles fill the showroom of the former Lambrecht Chevrolet car dealership in Pierce, Neb. Next month, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • In this Aug. 12, 2013 photo, old Chevrolet automobiles, including a 1956 Chevrolet Bel Air, right, are seen at the showroom of the former Lambrecht Chevrolet car dealership in Pierce, Neb. Next month, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • In this Aug. 12, 2013 photo, auctioneer Yvette VanDerBrink stands in front of a brand new, old 1963 Chevrolet Impala and a brand new, old 1958 Cameo pickup truck, right, at the former Lambrecht Chevrolet car dealership in Pierce, Neb. Next month, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • A 1958 Chevrolet Biscayne is lined up with others at a field near the former Lambrecht Chevrolet car dealership in Pierce, Neb. in an Aug. 12, 2013 photo. Next month, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • In this Aug. 12, 2013 photo, Chevrolet automobiles are lined up in a field near the former Lambrecht Chevrolet car dealership in Pierce, Neb. In September, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • In this Aug. 12, 2013 photo, rare Corvairs and pickup trucks are lined up in a field near the former Lambrecht Chevrolet car dealership in Pierce, Neb. In September, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • In this Aug. 12, 2013 photo, a tree grows through the bumper of a 1962 Ford Falcon at a field near the former Lambrecht Chevrolet car dealership in Pierce, Neb. Next month, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • In this Aug. 12, 2013 photo, Art Nordstrom holds a sign at the former Lambrecht Chevrolet car dealership in Pierce, Neb. In September, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • In this Aug. 12, 2013 photo, vintage General Motors posters appear on display in the former Lambrecht Chevrolet car dealership in Pierce, Neb. Next month, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Nati Harnik)
  • Image Credit: Associated Press
  • Old Car Auction Nebraska
  • This family photo which was provided by Jeannie Stillwell, daughter of Ray Lambrecht of the Lambrecht Chevrolet car company in Pierce, Neb., shows Mildred Lambrecht, wife of Ray, and their son Mark in a brand new 1953 Corvette, in front of the dealership. In September 2013, bidders from at least a dozen countries and all 50 U.S. states will converge on Pierce, a town of about 1,800 in northeast Nebraska, for a two-day auction that will feature about 500 old cars and trucks, mostly Chevrolets that went unsold during the dealership?s five decades in business. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price. The most valuable could fetch six-figure bids. (AP Photo/Jeannie Stillwell Family)
  • Image Credit: Associated Press

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    The hotly anticipated auction for a cache of vintage cars and trucks stashed by a Nebraska Chevrolet dealership took place over the weekend, and as expected, many of the low-mileage classics fetched high-dollar bids. Close to 500 former new cars and dealer trade-ins that have been sitting in and around Lambrecht Chevrolet for decades finally had their day in the sun – or mud rather, as Autoweek tells it – and on the first day alone, the vehicle lots on offer sold for more than $1 mil

    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 dealer

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