Lambrecht Chevrolet Auction: Classic Cars Bring in $2.5M

Image: Lambrecht Chevrolet Auction: Classic Cars Bring in $2.5M

Monday, 30 Sep 2013 03:14 PM

By Morgan Chilson

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Thousands of people poured into muddy fields around Pierce, Neb., for the Lambrecht Chevrolet Sale this past weekend, as one of the top collections of classic cars ever to go up for auction generated more than $2.5 million.

Saturday, or Day 1 of the popular sale, had the biggest sales. A 1958 Chevy Cameo brought in a whopping $140,000, and a 1978 Chevrolet Corvette Indy pace car sold for $80,000, Autoweek reported.

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Day 2 featured fixer-upper cars that went for $2,000 to $10,000, and many cars had as few as 1 mile on their odometers. In fact, the top selling Chevrolet Cameo had just 1.3 miles on it. 

The auction comes from the liquidation of small-town dealership Lambrecht Chevrolet, which grew from a 16-car-per-year lot to a prominent space for car enthusiasts from around the world, thanks to the work of proprietors Ray and Mildred Lambrecht. They sealed the dealership, including all the cars, in 1996 when the dealership closed.

Lambrecht’s daughter, Jeannie Lambrecht, was at the auction and told Autoweek her parents planned to have an auction like this and considered the saved cars an investment.

The auction drew many collectors but also people who made memories in some of the cars. This couple bought back a car they sold to Lambrecht decades ago.

Here's an aerial shot from the auction.

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Related stories:

$27 Million Ferrari: Rare Sports Car Sold at Auction Sets Record

Steve McQueen's 1952 Camping Pickup Goes Up for Auction

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