FORT WORTH (CBS 11 NEWS) – Some of the world’s best and rarest vehicles are going up for auction tomorrow in Fort Worth.
Business man Don Davis, who owns the Don Davis Auto Group and several car dealerships that bear his name, has been collecting vintage cars for more than 25 years.
“I left the dealerships 15 or 16 years ago so I had to have something to do. I love cars,” he said. “It’s the chase of finding the cars.”
Davis has chased down an assortment of the automotive rarities, including some with historic significance.
“He’s got a car that was the pacemaker for the 1941 Indianapolis 500 and that’s survived since 1941 so that’s fairly impressive,” said Ian Kelleher, an automotive expert, and president of RM Auctions.
The Chrysler Newport is one of only five that were made.
Davis has collected an assortment of European and American sports cars and unusual finds.
Others, like a 1965 Rolls Royce, are simply an indulgence of sorts.
“This was the pinnacle of elegance in 1965, just as Rolls Royce is today,” Kelleher said.
But Davis’ collection grew to more than 90 vehicles. Too much for him to handle, he said. He decided to sell 64 of his vehicles at auction on Saturday in Fort Worth. Potential buyers must pay $150 registration fee.
“People are coming from all over the world, mostly because of the rarity of the cars, the condition,” said Kelleher. “A lot of these are exceptionally restored, most the very best of their marque.”
The entire collection is worth an estimated $15 million but the crown jewel of the lot is a 1963 Ferrari GTS, one of only 99 ever built.
There has been a lot of buyer interest in that vehicle and auction organizers expect it may fetch more than $1.5 million, which would be a record breaking amount.
One vehicle that Davis’ said he’ll have trouble parting with is a 1955 Mercedes-Benz 300 SL Gullwing, worth an estimated $1 million.
But Davis said part of his reason for downsizing, of course, is so that he can collect even more.
“I love buying and selling,” he said.
What he plans to buy next, remains a mystery.
The auction begins at 1 p.m. April 27th.
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