1959 "CADMAD" wagon...a potential bargain!

[jwwseville60]

For sale again!
Check out the details on this precocious pink petunia:

"Meticulous $2.3 million 15-year custom build
- Known as CadMad, a 1959 Cadillac and a 1956 Chevrolet Nomad merged through a 4,000 hour build
- Winner of the prestigious 2019 Autorama Ridler Award
- Originally no. 85 of 99 Pininfarina designed 1959 Cadillac Eldorado Broughams
- Chopped 18-inches in length, narrowed by 4 inches and 2 inches sectio/Users/laptop3/Desktop/Screenshot 2023-10-11 at 10.28.34 AM.pngned 2 inches from lower body mass
- Acid dipped and handcrafted two-door body
- Tom Nelson Racing Engines specially built Warrior Series V-8 at a cost of $97,000
- Unique two-tone exterior at a cost of $300,000.
- Designed to run on racing fuel
- Custom tubular space frame chassis
- 1 5/8-inch-diameter steel tubing
- 632/1,025 HP twin-turbocharged V-8 engine
- Peak horsepower at 7.5 PSI of boost
- Twin 88mm NRE turbochargers...."


Yikes! And I thought my Caddy restorations were expensive....

https://www.hemmings.com/classifieds/listing/1959-cadillac-eldorado-kissimmee-florida-2735811

[badpoints]

What a waste

[Cadillac Jack 82]

Eh its interesting to look at but to own?  Pass...

[David Greenburg]

But think of all the fun you'd have driving around and having people tell you it's not a '59; it's a '60!

[Eric DeVirgilis CLC# 8621]

Car sold at Barrett Jackson Scottsdale in 2020 for $302,500 (incl buyer's fee), then again earlier this year at Mecum Indy 2023 for $429,000 (incl buyer's fee). So at least one guy made a nice chunk on it. The same can't be said for the guy who spent over $2M on it who I believe passed away before he could see his car win the Ridler award in 2019.

If I ever took a $2M hit on a car that I had $2.3M in, I think I would have done the same thing.   Oh, but he (or more accurately, his estate) did win the $10,000 Ridler prize.


https://www.barrett-jackson.com/Events/Event/Details/1959-CADILLAC-ELDORADO-BROUGHAM-CUSTOM-STATION-WAGON-CADMAD-234562

https://www.mecum.com/lots/554505/1959-cadillac-eldorado-brougham-custom-station-wagon/

[jwwseville60]

Thats a lesson for anyone restoring and customizing a Caddy to above concours condition.
Me especially.

But a $2M hit? Wow.
There's a lesson here somewhere...

[The Tassie Devil(le)]

Well, all I can add is what a waste of two different vehicles.   Plus, one would think that for the money, they could get the front bumper bar correctly positioned.

Bruce.

[Roger Zimmermann]

Plus, one would think that for the money, they could get the front bumper bar correctly positioned.

Good catch, Bruce!

[badpoints]

The big winner is the shop that milked 2.3 million out of the owner over 15 years. Don't know how old the owner was but he died before the car was done. Sounds like they were taking advantage of an old man.

[Eric DeVirgilis CLC# 8621]

The big winner is the shop that milked 2.3 million out of the owner over 15 years. Don't know how old the owner was but he died before the car was done. Sounds like they were taking advantage of an old man.

Here's the obituary of the man who commissioned the car. It would appear he was well aware of what he was getting into.

https://www.legacy.com/us/obituaries/lvrj/name/stephen-barton-obituary?id=7244465

[jwwseville60]

Going to Mecum again in 2024.
My bid? $3M.

[Cadillac Jack 82]

Ooo ya really going after it John?  I'm not a fan but it is very unique.

[Lexi]

My wallet is crying. Clay/Lexi

[Cadillac Jack 82]

Clay I mean it would truly be an awful problem to have.  My wallet burnt up between reading that and the next order of parts for the 59.

[Lexi]

Clay I mean it would truly be an awful problem to have.  My wallet burnt up between reading that and the next orders of parts for the 59.

Yep I agree. Mine scooted away and hid under my desk.    Clay/Lexi

[jwwseville60]

Ughhh...not my style.
But it might make a good winter beater car for the snow.

[David King (kz78hy)]

I have the rear end that came from that car.  It is available if any one needs a 59/60.

[James Landi]

''Check out the details on this precocious pink petunia:''   John, I missed this the first time around -- brilliant alliteration and a fitting metaphor for this beast.   James

[Eric DeVirgilis CLC# 8621]

Round 3 in as many years for "Cadmad" - $325,000 no-sale.

*It's ironic how Mecum refers to no-sales as "The Bid Goes On..." when the reason for a no-sale is that the bidding didn't go on long enough.

https://www.mecum.com/lots/1102848/1959-cadillac-eldorado-brougham-custom-station-wagon/?aa_id=508633-0

[2011DTS]

Eric. Mecum has guys and gals that go to the seller to get the bottom line and the top couple of bidders to get their top line and try to negotiate a deal after the bidding stops especially on the high value cars. I fact on the six and seven digit cars that don't sell on the block sometimes Mecum will negotiate fees if it is a sticking point. Not on the run of the mill condo cars, however you can go to the office and make an offer on any unsold car and they will contact the seller to see if the seller will accept or if the seller wants to meet the buyer to hash out a deal.