What's it Worth Thoughts on V Code Roadrunner Vert @ Mecum Indy Value?

[XS22J8R]

I had been watching the Indy Mecum listings for several months , but somehow this one never appeared on my radar screen. There were actually 2 B5 70 roadrunner verts there, and I'd seen the other one, a 383 "6 footer" grade example, but not the V code. I went there last Thursday and saw the perfumed one, but the V code had sold and was gone by then. The 383 still brought decent money considering the thrown together grade resto on it, I think it was around 73K all in.
The V code sold for $123,750 after buyers premium, which seems awfully cheap for a V code convertible. Was that because it ran way too early in the event and a buyer got real lucky, or did it have skeletons in its closet?
1970 Plymouth Road Runner Convertible For Sale At Auction - Mecum Auctions

This car was the subject of a Your Car Story video a few years ago. It was right here in my area but I've never seen it at any events I go to or do I know the owner.

 

[WileE]

Agree, it DOES seem cheap.... "a buyer got real lucky, or did it have skeletons in its closet", or have Mopar values tanked ? It seems shocking to see a ONE OF 20 6-barrel/CONVERTIBLE car go for a buck & a quarter ? I would've plunked that down in a hearbeat.

 

[gtx6970]

I thought the car looked familiar

I looked it maybe 30 plus years ago.
In either Lexington or maybe Louisville ( Been to long to remember which )

I just asked a friend of mine whom used to own it ( the outdoor photos Im almost sure of, and maybe some of the indoor pictures being used are from when he owned it actually )

Car was non matching numbers,
Had aftermkt quarters and trunk pan installed many years ago . And No build sheet

Real car but those might have held it back Im sure from big money.

 

[XS22J8R]

Thanks for the info.
Despite the not #s and bodywork, it still sounds like it was well bought. Somehow the car didn’t end up being well publicized by Mecum, and the early days of the auction where this car ran are not “prime time”, so this ended up being a situation where the holes in the Swiss cheese lined up for someone to get a decent deal.

 

[XS22J8R]

This is interesting. This convertible that showed sold at the Mecum Indy auction just a few weeks back is now up again listed at their Tulsa auction this coming weekend.
The link for it when at Indy is now vanished. And it shows part of the "Schroeder" collection, which is some car broker place (maybe owned by distant relatives of mine since they have my last name), who now seem to list several dozen cars at every Mecum auction. And in the course of its travels it seems to have picked up dust trails too! Or did it have them when at Indy a few weeks ago, I don't recall? It didn't have them when the guy owned it in the My Car Story video.
1970 Plymouth Road Runner Convertible For Sale At Auction - Mecum Auctions

 

[autoxcuda]

This is interesting. This convertible that showed sold at the Mecum Indy auction just a few weeks back is now up again listed at their Tulsa auction this coming weekend.
The link for it when at Indy is now vanished. And it shows part of the "Schroeder" collection, which is some car broker place (maybe owned by distant relatives of mine since they have my last name), who now seem to list several dozen cars at every Mecum auction. And in the course of its travels it seems to have picked up dust trails too! Or did it have them when at Indy a few weeks ago, I don't recall? It didn't have them when the guy owned it in the My Car Story video.
1970 Plymouth Road Runner Convertible For Sale At Auction - Mecum Auctions

Funny how you mention the "collection" is nothing buy a car broker place.

I see the collection term being thrown out at these auctions. I'm sure some are real collections. Others obviously not.

 

[DeltaV]

This is interesting. This convertible that showed sold at the Mecum Indy auction just a few weeks back is now up again listed at their Tulsa auction this coming weekend.
The link for it when at Indy is now vanished. And it shows part of the "Schroeder" collection, which is some car broker place (maybe owned by distant relatives of mine since they have my last name), who now seem to list several dozen cars at every Mecum auction. And in the course of its travels it seems to have picked up dust trails too! Or did it have them when at Indy a few weeks ago, I don't recall? It didn't have them when the guy owned it in the My Car Story video.
1970 Plymouth Road Runner Convertible For Sale At Auction - Mecum Auctions

For posterity:

Odometer reads: 62,398 miles

VIN: RM27V0G196699

 

[DeltaV]

It didn't sell at Sotheby's back in 2012.


Auburn Fall 2012
Lot 5162

1970 Plymouth Road Runner convertible, "V" code. 440 Six Barrel / 4-speed / 3.54 dana. 1 of 34 total production and 1 of 20 4-speeds. One year only production run and only two years for a Road Runner convertible. B5 Bright Blue / White and Blue two - toned interior. Options : Power steering, Disc brakes, Power top, Bucket seats, Console, Tic-Toc-Tac, Dual mirrors with drivers remote, 15x7 Rallye wheels, Hood turn signal indicators and wood grain steering wheel. Also it is a Trak-Pak car. Recent rotisserie restoration on a very solid car - O.E type restoration. Original fender tag, Door vin decal, Vin tag and body numbers as well as owners manual. Very rare and desirable multi - carbureted moper ragtop that is a one car collection by itself.

 

[PLMHEMI]

Interesting, i owned an identical V-Code RR vert but with a Black interior. Its on the East Coast now....

 

[Some Car Guy]

Funny how you mention the "collection" is nothing buy a car broker place.

I see the collection term being thrown out at these auctions. I'm sure some are real collections. Others obviously not.

Yep, and a lot of these “collections” are flip crt tax schemes. Same thing with “dealers.” I had one guy that laid it out to me after his son died and he was actually selling the cars since he was old and lost the fire. He made tons of money in finance and the car lot held his personal cars, splrinled with a few they sold to keep it licensed. A local guy got busted because his wasn’t even doing the bare minimum to qualify. State got him for millions in taxes and fines.

 

[68BabyBlue]

Yep, and a lot of these “collections” are flip crt tax schemes. Same thing with “dealers.” I had one guy that laid it out to me after his son died and he was actually selling the cars since he was old and lost the fire. He made tons of money in finance and the car lot held his personal cars, splrinled with a few they sold to keep it licensed. A local guy got busted because his wasn’t even doing the bare minimum to qualify. State got him for millions in taxes and fines.

I bought GTX number three from a GM collector like this. He explained the deal to me. He sold the GTX for a neighbor. Was a good deal for all of us.

 

[XS22J8R]

Shows sold today for $162,500. ~$40K more than what it supposedly sold for a month ago?
Something seems fishy, but at auctions that is often the case!

 

[DeltaV]