Lambrecht Chevrolet auction brought in $4.8 million

Article by Anita Panait, on October 2, 2013

A Lambrecht Chevrolet auction held on Sept. 28 and 29, 2013 at the small northeast Nebraska town of Pierce was a huge success, with around 15,000 people and TV auto show “Top Gear” flocking to a place populated by only around 1,800 people. Organizers VanDerBrink Auctions auctioned off nearly 500 unsold inventory of Lambrecht Chevrolet, which shut down in 1996 after 50 years of existence.

Chevrolet vehicles – mostly from the 1950s, '60s and '70s -- attracted buyers from as far as Brazil, Thailand and Europe. The Pierce County Sheriff's Office estimated the crowd at around 15,000, including 3,000 on-site bidders. Around 3,300 placed bids for the vehicles online. The two-day auction fetched a total of $4,792,455. The first day featured the big-ticket vehicles, with the first 10 cars fetching a total of $676,500.

One of them is a 1958 Chevrolet Cameo pickup with only 1.3 miles on the odometer selling, picking up $140,000. Another was a '78 Corvette with 4 miles selling for $80,000.

"Top Gear" was particularly stunned by a '77 Vega that was sold for $10,000.  Aside from the 1958 Chevrolet Cameo pickup and the 1978 Corvette Indy pace car, the other vehicles that fetched high prices were a 1964 Chevrolet Impala (11 miles, $97,500) 1958 Chevrolet Apache 31 Series Truck (5 miles, $80,000) and a 1964 Chevrolet Impala (4 miles, $75,000).

VanDerBrink Auctions, which held the event, does not release official sales totals. The Saturday auction involved 238 items, including memorabilia from the dealership, and fetched $1,951,030. The Sunday auction collected $2,841,425.

Topics: chevrolet, auction

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