Tucker "Convertible" at Auction

Discuss the infamous Tucker "Convertible" and the whereabouts of other Tucker oddities

Moderators: Tuckerfan1053, TuckerCar, Phantomrig

Forum rules
The views expressed by users of this forum are their own and do not reflect the position of the Tucker Automobile Club of America, Inc., its members, officers or directors. Each user is responsible for the content of his/her own posts.

By utilizing these boards you are agreeing to these terms and agree to hold harmless Tucker Automobile Club of America, Inc. and its members, officers or directors from any part in the outcome of your use of these boards.

The Tucker Automobile Club of America, Inc. reserves the right to delete, edit or otherwise modify posts as it deems necessary for the organization or primary purpose of the site. Please report any activity which is libelous, inflammatory, or in violation of common decency to the forum administrator immediately.

Re: Tucker "Convertible" at Auction

Postby Prototype » Sat Jan 23, 2010 1:40 pm

Tucker Fan 48 wrote:Maybe the hot air finally got out of the convertible story and caused the tent to collapse. I wonder if the convertible
gets destroyed does Cole have it insured for 5 million?

Thought the post by mframe4646 was interesting. If it's true, the information about the doors tells a lot "the doors
look to have been wire welded when stretched out- He had some pretty advanced technology to have wire welded them up"
Maybe it is because the doors weren't done until years later when they had the technology and like everything else about
the car they were never convertible doors while at the Tucker plant.


To answer the $5,000,000 insurance question; NO. I have insured a few care through Hagerty and you must provide all receipts and show real verifiable proof of a cars provenance as to it's historical value. I had to do this with an early #'s '69 Dodge Daytona I restored years ago, before they would even "write" the policy. The car was rare, but they would "only" value it at $500,000, not "fair market value", that some of the other's were being sold as high as $900,000! Same goes for ANY Mustang that is claimed to a genuine Shelby car, say an early '68 GT 500, with any sort of history, must be authenticated through Shelby America! With a fairly decent amount of clones and "tribute" cars, documentation is key to protect the industry from fraudster's flooding the market with some very convincing fakes! I have seen some pretty good ones, but with a little investigating, any cars true history can be found. Almost all cars have a dupicate VIN stamped backwards underneath inside the bodyshell or frame. Accessable through body hole and plugs, they can be read with a mirror. I wonder if there is the actual hidden number stamped on the Con-Vera-Tible somewhere ....I guess we will never know, will we? Now, as to the door question, you can clearly see in several of the restoration/con-struction photos that the doors were in fact cut, stretched and welded back together. I have welded many quarter sections, doors, hoods and the like together, and with the skill of many years experience, welding, hammering the joint and grinding, a repair can be almost impossible to find.
Last edited by Prototype on Tue Jan 26, 2010 2:58 pm, edited 1 time in total.
If you didn't get dirty, then nothing was accomplished!
Prototype
Tucker Fan
 
Posts: 108
Joined: Fri Feb 06, 2009 10:09 pm
Location: Corbett, Oregon

Re: Tucker "Convertible" at Auction

Postby Tucker Fan 48 » Sat Jan 23, 2010 3:14 pm

Cole said that the Tucker club's newsletter acknowledged the existence of the convertible in the early 1990s but that the leadership has since shifted its position.
The club has gone back and forth with Cole over the authenticity of his car.

I guess we are back to that bunch of B.S. again. Shirley Tucker got it right. Why this guy hasn't been charged with fraud is beyond me. Maybe once
it's sold the new owner will show what the car really is and put this guy where he belongs.
User avatar
Tucker Fan 48
Tucker Fan
 
Posts: 608
Joined: Thu Mar 26, 2009 6:34 pm
Location: Maui

Re: Tucker "Convertible" at Auction

Postby Randy Earle » Sat Jan 23, 2010 5:34 pm

TuckerCar wrote:
Randy Earle wrote:Cole...., "If this car is not what I said it is, may the heavens open up and take revenge on me" oooops!


LMAO :lol:


I have my moments. LOL
Randy Earle
 

Re: Tucker "Convertible" at Auction

Postby ebres63081 » Sat Jan 23, 2010 6:54 pm

The Tucker Convertible has its own section in the front of the first car tent. It was NOT in the tent where the auction was held. It for sure had a heck of a wind and rain attack as it was at the corner end of the front of the tent. Russo says they will resume Sunday-Monday but at this point all the serious collectors have departed. The "big" money is at Gooding and RM (over 1 mil) with Barrett having the big muscle car money... Thank god Russo is a ALL RESERVE auction otherwise those sellers would get slammed tomorrow and Monday.

On a side note Hagerty covers the Tucker convertible from what I hear... They cover my collection also... It's an agreed upon value but as earlier stated if you have a Tucker sedan and put 750k agreed coverage that would "pass" but if you said I think my Tucker is worth 2 mil they would most likely say no that exceeds market value.

Im home and will try and post some pics... I may not have a Tucker but I did pick up a one owner all original exeptional 1969 MGC-GT for my british collection!

Best,
Eric
www.breslowcollection.com
ebres63081
Tucker Fan
 
Posts: 33
Joined: Wed Jul 30, 2008 12:58 pm
Location: Northridge, California

Re: Tucker "Convertible" at Auction

Postby TuckerCar » Sat Jan 23, 2010 8:34 pm

From Russo and Steele's Facebook page:
"The 1948 Tucker Convertible WILL BE SOLD at Russo and Steele Auction Sunday!"

Does that now mean without reserve?
Vice President
Tucker Automobile Club of America, Inc.
User avatar
TuckerCar
Administrator
 
Posts: 691
Joined: Wed Mar 07, 2001 7:05 am
Location: Chicagoland

Re: Tucker "Convertible" at Auction

Postby Tuckerfan1053 » Sat Jan 23, 2010 8:50 pm

TuckerCar wrote:From Russo and Steele's Facebook page:
"The 1948 Tucker Convertible WILL BE SOLD at Russo and Steele Auction Sunday!"

Does that now mean without reserve?

Well, I'd have reservations about paying more than $1 million for the car!
Image
User avatar
Tuckerfan1053
Moderator
 
Posts: 622
Joined: Fri Apr 08, 2005 1:00 am
Location: Gallatin, TN

Re: Tucker "Convertible" at Auction

Postby MD » Sat Jan 23, 2010 9:56 pm

Thanks for the update Eric,

Congrats on adding the '69 MG to your collection!

Martyn
TACA Car Historian
User avatar
MD
TACA Member
 
Posts: 69
Joined: Sun Mar 19, 2006 9:24 pm
Location: So.Cal

Re: Tucker "Convertible" at Auction

Postby Tucker Fan 48 » Sun Jan 24, 2010 3:00 am

Justin Cole, President of Benchmark Classic Restoration, is providing the new owner with a guarantee that Benchmark Classic Restorations, a world-class restoration company, will restore 100 percent of the minor damages caused by the storm.


World class???? Their 28 year old owner has been in business a year and a half? Hardly a record unless you are Conan O'Brian.

The new owner gets a "guarantee" from Justin Cole.... That certainly is worth a lot ! From the same guy that "guarantees" that the car is real.
User avatar
Tucker Fan 48
Tucker Fan
 
Posts: 608
Joined: Thu Mar 26, 2009 6:34 pm
Location: Maui

Re: Tucker "Convertible" at Auction

Postby TuckerCar » Sun Jan 24, 2010 9:39 pm

$1.4 Million. Did not meet reserve.
Vice President
Tucker Automobile Club of America, Inc.
User avatar
TuckerCar
Administrator
 
Posts: 691
Joined: Wed Mar 07, 2001 7:05 am
Location: Chicagoland

Re: Tucker "Convertible" at Auction

Postby Prototype » Sun Jan 24, 2010 9:42 pm

The 1948 Tucker Convertible in Scottsdale has not been sold as of yet, Cole is holding out on the reserve. It currently stands at $1,400,000.
If you didn't get dirty, then nothing was accomplished!
Prototype
Tucker Fan
 
Posts: 108
Joined: Fri Feb 06, 2009 10:09 pm
Location: Corbett, Oregon

Re: Tucker "Convertible" at Auction

Postby Prototype » Sun Jan 24, 2010 9:45 pm

Prototype wrote:
Tuckerfan1053 wrote:Here's a question: Has anyone contacted the club (or one of its members) and said that they intend to bid on the car and would like the name of someone to bring with them to inspect the car? I'm not looking for names (either of the bidder or the expert), just if this was done. I know that if I was going to plunk down some serious amounts of money for a car with a controversial history behind it, I'd do this. If it hasn't been done, then it seems likely to me that this indicates nobody is serious about spending large amounts of money for the car.
This is very good question! If this has not alreadybeen done, then any potential buyer(s) must live under a rock or is buying this story hook, line and sinker! I wonder if they want to buy the 300 car underground garage I have for sale? Considering this guy will have to be very stinkin' rich to buy this albatross, he could afford it. I myself, think the car will have a reserve so high, that it will remain unsold anyway.



I guess no one was willing to go over $1,400,000.00. Coincidence? I think not.
If you didn't get dirty, then nothing was accomplished!
Prototype
Tucker Fan
 
Posts: 108
Joined: Fri Feb 06, 2009 10:09 pm
Location: Corbett, Oregon

Re: Tucker "Convertible" at Auction

Postby TuckerCar » Sun Jan 24, 2010 10:28 pm

I'd say it went exactly as planned.... 8)
Vice President
Tucker Automobile Club of America, Inc.
User avatar
TuckerCar
Administrator
 
Posts: 691
Joined: Wed Mar 07, 2001 7:05 am
Location: Chicagoland

Re: Tucker "Convertible" at Auction

Postby Prototype » Sun Jan 24, 2010 10:34 pm

I think Cole is on the hook for a lot more than $1.4M. Supposedly he still owes Reinart a large chunk for the car, the actual cost to finish it and the buyer's premium he would have to pay R&S if were sold. I would not put it passed Cole to employ "shill" bidders to drive up the price and then not lift the reserve. I have personally seen that done, although frowned upon, and if you are caught, there are consequences, it does occur. Even if it sells for an undisclosed higher (or lower) price, there is still the matter of misrepresentation on the table and Cole knows it!!
If you didn't get dirty, then nothing was accomplished!
Prototype
Tucker Fan
 
Posts: 108
Joined: Fri Feb 06, 2009 10:09 pm
Location: Corbett, Oregon

Re: Tucker "Convertible" at Auction

Postby Prototype » Sun Jan 24, 2010 10:42 pm

I did notice that the viewer's on Ustream hovered around 350 for most of the day, but when it got close to when the 'Vert was to go on the block, it jumped to around 500. They managed to stay close the posted run list until they got to lot# S723, they skewed for about 5 or 6 cars and then rolled it up. as soon as the next car came in, it dropped to it's current level of about 332.
If you didn't get dirty, then nothing was accomplished!
Prototype
Tucker Fan
 
Posts: 108
Joined: Fri Feb 06, 2009 10:09 pm
Location: Corbett, Oregon

Re: Tucker "Convertible" at Auction

Postby Phantomrig » Mon Jan 25, 2010 1:17 am

Correct me if I'm wrong but if it sold for 1.4Mil wouldnt that be a new record high sale price for a Tucker?
Image
User avatar
Phantomrig
Moderator
 
Posts: 162
Joined: Mon Sep 15, 2008 10:33 pm
Location: Brook Park, Ohio

PreviousNext

Return to Tucker Fact or Fiction

Who is online

Users browsing this forum: No registered users and 1 guest