The Gas Monkey Garage owner made a pretty penny from selling all his old classics.
Gas Monkey Garage played host to one of the most successful car shows on Discovery for years. Now that the show has essentially migrated to YouTube, owner Richard Rawlings has had to adapt to the typical YouTuber style of presenting cars. He's created quite a collection of cool classics over the years (although he has had some modern toys too), but now the excitable entrepreneur has decided to get rid of these classics so that he can replace them with newer, more exotic cars. We covered the two-part explanation behind his decision to auction off most of his cars at the beginning of this month, and now the auction has closed, netting Mr. Rawlings a tidy sum of $1,080,903.
All of the cars in the collection were sold at no reserve, so some listings brought home a large chunk of change while others were less profitable. A 1957 Ford F-100 with a weatherbeaten body brought home just $7,700, the lowest number of any of the vehicles on offer. A 12,000-mile 1976 Jaguar XJ12L Series II didn't do much better, selling for just $10,750, but that's not a particularly popular car in the US. A car that is highly popular here is the Ford Bronco Badlands, and Rawlings' example had just 98 miles on the clock, selling for a respectable $73,000 - more than double the price of a base Bronco but still less than some car flippers have managed to get.
Rawlings also rid himself of some two-wheelers through the auction, selling a custom Harley-Davidson Panhead chopper for $24,999 and an Easyriders custom chopper for $44,444. But what caught our eye were cars like the 1962 Chevy Corvette that sold for $60,000 and a modified 1965 Ford Mustang Fastback K-Code five-speed that brought home $75,000. A 1978 Porsche 928 in an unusual beige hue was also sold, returning $46,000, but there weren't only vehicles for sale. A chassis for the C1 Corvette sold for $32,250, and an "exclusive Gas Monkey Garage experience" was auctioned off for charity, pulling $16,500. But what was the biggest winner?
Considering how many classic American cars Rawlings has had over the years, you'd expect one of his muscle cars to have been the biggest earner, but it was not so. Bear in mind, however, that Rawlings has still kept some of the cars that are closest to his heart. While a 1972 Oldsmobile Cutlass Supreme Convertible sold for $67,442, the only car to break the six-figure barrier was from Japan. The venerable A80 Supra stole the show, with a 1993 model with just 16,000 miles on the clock selling for $121,000. The only other Japanese car in the sale was a 25,000-mile 1990 Nissan 300ZX, which returned an impressive $48,000.
Rawlings will reportedly be looking to Europe for new toys to fill his warehouses, but what exactly he has in mind remains to be seen. With over a million dollars in his pocket, he has plenty of options.
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