Auctions America by RM’s Spring Carlisle Auction Reunites Original Mustang Owner with his Car

Nearly five decades after Leon Fake bought a new 1965 Ford Mustang GT, the Silver Blue convertible is back in his garage thanks to the Auctions America by RM Spring Carlisle auction in Carlisle, Pennsylvania. Fake was one of several bidders chasing a dream car during the April 26-27 event in which 267 collector vehicles were offered with a 53% sell-through rate for more than $2.5 million* in total sales.

“I put 85,000 miles on this Mustang and sold it,” said Fake. “I tried to buy it back a few years ago for $30,000, but the owner wouldn’t let it go. It’s a good thing the bidding stopped when it did, because I was at my limit.”

His Mustang, which sold at Carlisle for $34,100, was part of the 15-car John E. Craft collection that also included a 1955 Ford Thunderbird (sold for $20,350) and 1968 Cadillac deVille ($16,170) – all of which were offered at no reserve.

David Selle was another bidder attending Spring Carlisle with his eye on a specific lot.

“My first new car was a 1963 Ford Falcon,” said 71-year-old Selle, “and I’ve been trying to find another one like it for years. I called Auctions America because I saw one on their website that I liked. This was my first time to ever bid on a car, and I was ecstatic at the outcome.”

Of course, Falcons have gone up in value since 1965. Selle bought his Rangoon Red 1963 Ford Falcon Sprint convertible with V-8 power during the Spring Carlisle auction for $23,650, or about $21,000 more than he paid for his first one a half-century ago.

“Auctions America is all about getting people into the collector cars they love,” said President Donnie Gould. “The standing-room-only crowd cheered when Mr. Fake won the bid because word had gotten around that he was the car’s first owner. Mr. Selle thanked us many times while we were processing his paperwork after the sale. It means a lot for us to see how happy he is.”

Fake and Selle had a lot of competition as the auction attracted bidders from 28 states, Canada, the Netherlands and Switzerland, in addition to numerous phone and internet participants. The highest-selling automobiles of the weekend included:

         Lot no. 395 – 1957 Chevrolet Corvette ($99,000)

         Lot no. 382 – 1969 Buick GS 400 convertible ($78,650)

         Lot no. 188 – 1969 Shelby GT350 ($77,000)

       Lot no. 398 – 1956 Jaguar XK 140 ($72,050)

         Lot no. 111 – 1950 Cadillac Series 62 ($62,000)

A 2000 Plymouth Prowler was another offering that garnered attention with all proceeds from the convertible’s $32,450 sale price going to the Antique Automobile Club of America Museum in Hershey, Pennsylvania. With only 30 miles on the odometer, the silver Prowler is a true time capsule, its 3.5-liter V-6 engine not yet broken in.

“We’re happy any time we can help the AACA,” said Gould. “We certainly benefit a lot from their efforts to educate the public about collector cars, and we enjoy giving back to help them in their endeavors.”

Large crowds for the two-day auction reflected the record-setting attendance for Carlisle Events’ collector swap meet and car corral at adjacent Carlisle PA Fairgrounds. With more than 8,100 vendor spaces, the event is the largest car corral and swap meet in the world. During the five-day (April 25-29) automotive extravaganza, enthusiasts from around the country converged on the small Pennsylvania community, many of them attending the Auctions America sale.

“From the time cars started rolling into Carlisle on Tuesday for the auction, swap meet and car corral, we knew the week would be something special,” noted Carlisle Events Auction Manager Bill Miller III. “The enthusiasm of the day carried over to the Expo Center, and before the cars even crossed the block we knew this auction was going to be one of the best yet. The collector car auction experience has moved to the next level.”

Full results from Auctions America’s Spring Carlisle auction are posted online at www.auctionsamerica.com. Auctions America continues its 2012 auction season at the company’s headquarters in Auburn, Indiana, for the June 1-3 Auburn Spring event.

* All sales figures are listed in U.S. dollars and include the 10% buyer’s premium.