SOLD! At an automobile auction—like Barrett-Jackson in Scottsdale, Arizona, one of the largest and most prestigious car auctions held annually—the word can have two very different meanings. The Plastic Cup Boyz—members of Kevin Hart's Muscle Car Crew—are well into their journey of building a serious car club and think it's about time they learn about auto auctions and what "SOLD!" means to them.
Some of the most expensive and rarest cars in the world cross the blocks at auctions like Barrett-Jackson. For the lucky builder or bidder, hearing the auctioneer yell those four letters and bang the gavel means years of hard work coming together either as a completed car or the means to purchase that car. But for the unlucky, "sold" is a four-letter word that equates to loss.
Losing bidders miss out on dream cars they may never have a chance of owning again. Builders can put thousands of dollars and countless hours into their cars and sell them at a loss or not at all. Fortunes are won and lost and hearts are filled with joy or torn to shreds at car auctions like Barrett-Jackson. But what does it take to make it to one of the grandest stages in automobilia?
Clevenger Corvettes 1959 Chevrolet Corvette Restomod
For a top-level builder like Joe Clevenger, it started as a hobby, just a way to relieve stress from his electrical contracting business. Then he decided to bring one of his beautiful C1 Corvettes to Barrett-Jackson in 2008. It was a success. Every year since then, Joe builds one Corvette, then rolls the dice on a no-reserve auction. That means no matter how much time and money Joe put into his builds, the highest bid wins the car, even if it means Joe loses.
Joe Clevenger doesn't take on customers, either. Even after his record-breaking sale for a restomod Corvette ($440,000 in 2018 for a 1959 example), he doesn't want anyone else polluting his vision of what each Corvette should be—like the Franny Green 1959 convertible restomod he brought to Barrett-Jackson for 2021. It took him 10 tries to mix the custom PPG color, but it was worth the effort as the Plastic Cup Boyz couldn't help but stop to admire it.
Kevin Hart was particularly taken by the minty green 'Vette. The other Plastic Cup Boyz aren't considering bidding on a top-level build like Kevin Hart is with Joe's '59 C1, but a few of the crew members might raise their bidding paddles if the right car makes an appearance.
The Right Car for the Right Bid
The excitement of the auction floor is contagious, and it's easy to get carried away. Joey Wells, on the lookout for a 1968 Oldsmobile Cutlass, could throw his hat in the ring for the right car. Ron "Boss" Everline wants to focus on his 1964.5 Mustang convertible for now, but he might not be able to resist another pony car that shares his nickname (like a Boss 302 Mustang). Harry Ratchford already has two cars in his stable, but we asked him what car he would consider going all-in for: "That's easy, '56 Bel Air convertible. "
"That was my first time at a live auction. I would be fine with auctioning one of my cars, but not at no reserve," Harry told us. The risk is real, but it can pay off. Joe Clevenger made out big on the sale of his green '59 Corvette. The LT-1-powered restomod set a new record for the sale of a modified classic Corvette: $750,000 before the associated fees.
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