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Buyers geared up for deals at classic car auction

By Kathy Antoniotti
Beacon Journal staff writer

The auctioneer opened the bidding on the 1978 burgundy Corvette at $62,000.

Although it was in mint condition, potential buyers for the car from Chevy's 25th Anniversary Collection didn't offer more than $8,000 for the classic.

Owner Bob Krabill of Louisville wasn't deterred. But neither was he selling. He said that amount didn't meet the reserve price he wanted for the car he bought as an investment four months ago.

''I'll just take it home and set it out on the lot,'' Krabill said after lackluster bidding Sunday for the car at the Ohio Summer Classic Car Auction at the John S. Knight Center in Akron.

Bob Lichty, owner of Classic Motorcar Auctions in Canton, said the weekend auction is the first he's promoted in the area.

Until recently, it was illegal to hold private consignment auctions for classic cars in Ohio. State Sen. Kirk Schuring, R-Jackson Township, sponsored the law that now allows cars 26 years and older to be sold at auctions.

Lichty, 62, is an Akron native who grew up in Firestone Park and graduated from Garfield High School. He said he learned to identify cars ''before I learned my colors.''

''At 3, I could sit on my front porch and name every car that came by,'' he said.

He said his personal classic car is a 1948 Nash Rambler that has been in his family for 45 years.

''It's not for sale at any price,'' he said.

Sellers came from a 600-mile radius and serious buyers traveled from as far away as California to bid on the restored classic and antique cars, some selling just one car, others buying in multiples.

''I'll buy as many as I can,'' said Dan Newcomb, owner of Golden Classics of Clearwater Fla., who attended the sale with his wife, Barbara.

Newcomb, whose classic car sales are done exclusively online, said he purchased five cars at the auction, including a white 1963 Oldsmobile 98 for $12,600, a 1951 Chevy pickup truck rebuilt from the frame up and a 1975 red Volkswagen beetle.

''I'm like a woman. I got the shopping gene. I love to shop and spend,'' he said.

Megan Boyd, marketing director and public relations director for Classic Motorcar Auctions, estimated 600 to 800 people attended the event on Saturday and 300 to 500 attended on Sunday.

Chubb Group Insurance was on site to handle insurance needs so new owners could drive their cars home, she said.

''There are definitely deals to be had,'' she said.

There were 160 cars up for sale at the auction, with prices ''somewhere in the middle'' of industry averages, she said.

While exact figures were not available Sunday, Lichty said the highest confirmed sale was made Saturday.

''A 1957 Oldsmobile Super 88 sold for $92,000,'' he said.

Karen Ranney of Salem, was pleased she could sell her late father's 1969 Cadillac Coupe de Ville convertible for slightly under her asking price.

Al Sarginger, who died four years ago at age 76, bought the car from his best friend in 1975, Ranney said. He and his wife, Bonnie, toured the state with friends who also owned convertibles.

Bonnie Sarginger, who grew up in Salem, lost her business, People's Lumber, last year, forcing Ranney to bring the car to the auction.

''It stood in a car dealership for a while, then she gave it to me,'' Ranney said.


Kathy Antoniotti can be reached at 330-996-3565 or kantoniotti@thebeaconjournal.com.

The auctioneer opened the bidding on the 1978 burgundy Corvette at $62,000.

Although it was in mint condition, potential buyers for the car from Chevy's 25th Anniversary Collection didn't offer more than $8,000 for the classic.

Owner Bob Krabill of Louisville wasn't deterred. But neither was he selling. He said that amount didn't meet the reserve price he wanted for the car he bought as an investment four months ago.

''I'll just take it home and set it out on the lot,'' Krabill said after lackluster bidding Sunday for the car at the Ohio Summer Classic Car Auction at the John S. Knight Center in Akron.

Bob Lichty, owner of Classic Motorcar Auctions in Canton, said the weekend auction is the first he's promoted in the area.

Until recently, it was illegal to hold private consignment auctions for classic cars in Ohio. State Sen. Kirk Schuring, R-Jackson Township, sponsored the law that now allows cars 26 years and older to be sold at auctions.

Lichty, 62, is an Akron native who grew up in Firestone Park and graduated from Garfield High School. He said he learned to identify cars ''before I learned my colors.''

''At 3, I could sit on my front porch and name every car that came by,'' he said.

He said his personal classic car is a 1948 Nash Rambler that has been in his family for 45 years.

''It's not for sale at any price,'' he said.

Sellers came from a 600-mile radius and serious buyers traveled from as far away as California to bid on the restored classic and antique cars, some selling just one car, others buying in multiples.

''I'll buy as many as I can,'' said Dan Newcomb, owner of Golden Classics of Clearwater Fla., who attended the sale with his wife, Barbara.

Newcomb, whose classic car sales are done exclusively online, said he purchased five cars at the auction, including a white 1963 Oldsmobile 98 for $12,600, a 1951 Chevy pickup truck rebuilt from the frame up and a 1975 red Volkswagen beetle.

''I'm like a woman. I got the shopping gene. I love to shop and spend,'' he said.

Megan Boyd, marketing director and public relations director for Classic Motorcar Auctions, estimated 600 to 800 people attended the event on Saturday and 300 to 500 attended on Sunday.

Chubb Group Insurance was on site to handle insurance needs so new owners could drive their cars home, she said.

''There are definitely deals to be had,'' she said.

There were 160 cars up for sale at the auction, with prices ''somewhere in the middle'' of industry averages, she said.

While exact figures were not available Sunday, Lichty said the highest confirmed sale was made Saturday.

''A 1957 Oldsmobile Super 88 sold for $92,000,'' he said.

Karen Ranney of Salem, was pleased she could sell her late father's 1969 Cadillac Coupe de Ville convertible for slightly under her asking price.

Al Sarginger, who died four years ago at age 76, bought the car from his best friend in 1975, Ranney said. He and his wife, Bonnie, toured the state with friends who also owned convertibles.

Bonnie Sarginger, who grew up in Salem, lost her business, People's Lumber, last year, forcing Ranney to bring the car to the auction.

''It stood in a car dealership for a while, then she gave it to me,'' Ranney said.


Kathy Antoniotti can be reached at 330-996-3565 or kantoniotti@thebeaconjournal.com.

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