32 minutes ago
Wednesday, April 16, 2014
Found! and Lost!
Take a good hard look at this picture. Do you see a couple of million dollars in this picture?
I'm with you; I see an episode of "Hoarders".
But buried under all of that random junk is a 1966 Ford GT-40; the car that beat Ferrari at LeMans. Not this particular vehicle, but the design. This particular car has been owned by a now retired fireman since 1975, and hasn't run since 1977.
So no; its not worth a couple of million now. But when it is restored, the sky will be the limit. Of course, the cost of the restoration will be more than your average 1966 Mustang fleet of 2 dozen cars, but still; worth every penny.
Still skeptical? Maybe Hagerty can convince you.
I found this article on Road & Track today; and the article leaves a lot of questions unanswered. Like how much the new owner paid for the car, and how was a firefighter able to afford on these back in 1975?
I can pretty much guarantee you this GT-40 will not wind up buried under a pile of garbage again. Te new owner, Tom Shaughnessy will take good car of her; he is a well known car collector. Although he usually deals in Ferraris.
But the point of this post is that this is a car collector's dream; finding a valuable old car in a barn. Several books have been written about barn find cars.
Jay Leno has even found two very rare Duesenbergs as barn finds. The first a Model X is one of three left; his other was a 1934 model that was in a New York parking garage for 60 years before he tracked down the owner and bought it from him.
ARRRGGGHHHH!!!!! I just went to Jay Leno's Garage, so I could link to the videos of him find and restoring these two classic cars and the entire site has been redesigned- something I was aware of- and all of the archived videos have disappeared- something I was not.
And that SUCKS. Here I was all up; only two more this week, a classic GT 40 has been found, and then BAM! everything hits the dumper.
Well, you'll have to just take me word for on the Jay Leno videos; they were real, and they were SPECTACULAR!