Barrett-Jackson Auction Co. refuses to auction 1958 Chevy Impala

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Jan 13, 2010 | 12:38 AM
  #1  
http://www.azcentral.com/news/articl...2hollycar.html

Quote:
Jan. 12, 2010 05:41 PM

With doubts lingering about its authenticity, the Barrett-Jackson Auction Co. is refusing to auction a 1958 Chevrolet Impala the seller said was purchased new by the late rock and roll music legend Buddy Holly.

The coral-colored Chevy was a featured car at the Barrett-Jackson Collector Car Auction next week in Scottsdale.

"We still don't feel comfortable with the car," Barrett-Jackson President Steve Davis said Tuesday after checking the classic car's documentation. "We're not going to run the car across the auction block. It's a painful decision I have to make."

Davis said a 2001 magazine article he became aware of raised questions about the car's authenticity that were unresolved.

Holly, who died in a plane crash in 1959, reportedly had his record producer buy the Impala at a dealership in Clovis, N.M., and later gave it to his father.

The car was restored in Holly's hometown of Lubbock, Texas, in 1997. The seller is Bill Clement.

The Chevy was signed on the fender skirt by Peggy Sue Gueron, who was the subject of Holly's hit song "Peggy Sue."

She was to appear at the auction with the Impala and to sign her book, "Whatever Happened to Peggy Sue?"
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Jan 13, 2010 | 12:43 AM
  #2  
I can respect their decision. They'll wait until they're 100% sure.
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Jan 13, 2010 | 06:03 AM
  #3  
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Jan 13, 2010 | 06:07 AM
  #4  
Yeah, this is why I respect BJ. (That sounded weird - LOL). They do their homework to make sure everything checks out.
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Jan 13, 2010 | 08:25 AM
  #5  
Even if its a bogus story, the car itself should still be worth decent money...
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Jan 13, 2010 | 08:35 AM
  #6  
I would rather BJ wait until proper documentation is available.
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Jan 13, 2010 | 09:04 AM
  #7  
Without a doubt that was the best move to make.

When and/or if the documentation comes back that verifies the authencity of the car's previous owners, I'm sure it will make a reapperance on the auction block.
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Jan 13, 2010 | 09:07 AM
  #8  
Quote: Yeah, this is why I respect BJ. (That sounded weird - LOL). They do their homework to make sure everything checks out.
class all the way
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Jan 13, 2010 | 07:24 PM
  #9  
You can always sell it next year, you can never repair the damage done by selling a mis-represented vehicle, that sticks like glue.
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Jan 13, 2010 | 08:11 PM
  #10  


and even without a history, that car is worth beaucoup $$$$$$.
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Jan 13, 2010 | 08:16 PM
  #11  
Good. Otherwise who knows what kind of shit storm will result...much like the issue with the alleged Jefferson wines in the 80s from Christies.
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Jan 13, 2010 | 08:47 PM
  #12  
It's cheaper to sell the car later than to misrepresent it and weather the shit storm that would inevitably follow. I think they did the right thing.

If it does turn out to be Buddy Holly's car it's going to sell for a FORTUNE.
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Jan 13, 2010 | 09:34 PM
  #13  
Am I imagining that BJ was accused of having people in the crowd to jack up sale prices, weren't putting cars on the block for the full 3 minutes like they advertised, and selling cars at one price and publishing them at another?

Funny how they find the Flying Spaghetti Monster when times are tough.
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Jan 14, 2010 | 12:49 AM
  #14  
Quote: Documentation and provenance are what makes a collector all that more special. Many cars are purchased because of the history associated with them.
Hehe....years ago I almost bought a Mercedes convt - 450SL - originally owned by Hans Wiemann, the hair replacement guy. No lie
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