BobT-47P15 Posted January 24, 2010 Report Posted January 24, 2010 (edited) As many may know, there was a big windstorm in Scottsdale, AZ on Fri night that blew down two huge tents at the Russo & Steele auction site. One of the tents even blew out onto the 101, closing it down for a while. A number of the nice quality cars there to be auctioned were damaged, perhaps to the tune of 1.5 million dollars. Insurance adjustors are on the site. Among cars there was the recently completed one and only Tucker convertible. After the storm, officials wouldn't let owners back in til they got some stuff cleaned up and secured. Lots of rain, I think some hail along with the wind. Many cars had windows open and/or tops down - they definitely got wet. Are some videos on YouTube about it. There were at least two other antique car auctions going on as well, but they apparently didn't receive the same damage. Just posting this in case someone hadn't heard. Link to an article on MSN......http://www.azcentral.com/community/scottsdale/articles/2010/01/22/20100122barrett-jackson0123.html Edited January 24, 2010 by BobT-47P15 Quote
Dennis Hemingway Posted January 24, 2010 Report Posted January 24, 2010 Here are some photos from the HAMB. Dennis https://sites.google.com/a/allclassicsllc.com/www/home/2010-russo-and-steele-damages Quote
RobertKB Posted January 24, 2010 Report Posted January 24, 2010 Here are some photos from the HAMB. Dennis https://sites.google.com/a/allclassicsllc.com/www/home/2010-russo-and-steele-damages OUCH!! Quote
Young Ed Posted January 24, 2010 Report Posted January 24, 2010 I'd say 1.5 million sounds low. Lots of roofs damaged. Expensive repairs. Those caliber cars will all require entire repaints after the repairs. All the cars with wet interiors require removing all the material rinsing it with clean water then letting it dry and reassembling. Gotta get the dirty stuff from the rain water out of there or the car will stink Quote
Plymouthy Adams Posted January 24, 2010 Report Posted January 24, 2010 I have but two questions..who is finiancially responsible for the tents and how do they ascertain the direct damage that resulted from them....(I see some feet shuffling here already) number two is concerning some of the cars with extesive roof repairs..will these cars be repaired under a "salvage title" it would only be fair considering the fact they were there for the exchanging of hand to another owner. it appears that the high dollar acution has quickly become a scratch and dent sale Quote
JerseyHarold Posted January 24, 2010 Report Posted January 24, 2010 A lot of those cars are going to end-up being totaled by the insurance companies. They won't want to get involved with complicated repairs even if the car can be fixed. Quote
Young Ed Posted January 24, 2010 Report Posted January 24, 2010 Totalled by the ins co has nothing to do with whether it gets repaired or not. Even if all these were totalled either their owners would keep them and take less from the ins to fix them or the ins companies will auction them off as salvage cars. Quote
Plymouthy Adams Posted January 24, 2010 Report Posted January 24, 2010 If totaled, as some will be...the owners will probably elect to keep the car and repair them themselves over time..thus the need to reflect said extent by issuance of a salvage title..that will put a screetching halt on top dollar sale after the fact.. it is very sad that this happened as there was a very extensive selection of cars present..this event may also put a damper on such auctions in the future.. I also forsee to some extend the people that insure their cars through the antique/collector insurance companies will see an increase in preminum to offset the losses..My policy has been stable for 4 years..I bet 1.00 to a doughnut the increase in next years preminum would be at minimum 15 percent. Quote
desoto1939 Posted January 25, 2010 Report Posted January 25, 2010 I guess this should be a popint for everyone to look at their policy to see how their car is covered at an event like BJ and other auctions. Is the aution house the one responsible for the coverage on each car. I would also assume that you sign some kind of liability waiver so be careful are read and ask questions. Prior ro going to an auction I would always raise the coverage onthe car just to be sure you are covered. Rich Hartung Quote
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