A 1959 Corvette Convertible Speeds Away For $82,600
Petroliana, Railroadiana, And Advertising Auction In Canada Was Held June 18
August 19, 2022
A powder blue, fully restored 1959 Chevrolet Corvette convertible sped off for $82,600, and a Canadian Red Indian Aviation motor oil sign from the 1930s changed hands for $47,200 in Miller & Miller Auction Ltd.s online-only Petroliana, Railroadiana and Advertising auction held on June 18. Overall, the auction grossed $628,674. All prices in this report are in Canadian dollars and include an 18-percent buyers premium. The 59 Corvette was originally a New Mexico car, later purchased in Canada in 1979 by Joe Byway, whose collection headlined the auction. He stored the car until 1985 and then commissioned Dave Harrison with a restoration. It was a meticulously maintained, rust-free car. Not all numbers matched, but the car boasted a correct 283 c.i. 230 hp V8 engine. The Canadian Red Indian Aviation motor oil single sided porcelain sign from the 1930s was a seldom seen sign promoting Red Indians Aviation brand of motor oil. The vibrant cobalt blue and blood red graphics popped against the white ground. The 26-by-72-inch sign retained the original flanged mounting ends and was graded 8.75 for condition. The Joe Byway collection featured petroliana (gas station collectibles), railroadiana and advertising tins and signs. Some toys were also sold. The top 50 lots met or exceeded our expectations, and the market for top-tier petroliana continues on an upward trajectory, said Ethan Miller of Miller & Miller Auctions Ltd., adding, All the vehicles sold at or above estimates. The vehicles he refers to included a 1937 Ford Model 78 Deluxe convertible sedan, a rare open-air car with rear doors and the original paint (except for the front fenders). The restoration included new upholstery, carpet and convertible top. The car was powered by the correct flathead V8 engine, and the odometer showed just 10,175 miles. It realized $32,450. Also sold was a 1972 GMC 1500 Custom pickup truck with 49,138 miles on the odometer. The rust-free truck featured a long box, three-speed manual transmission, the original interior and correct original 307ci V8 engine (undetailed). The restoration, by Ernie Droogers, included new paint, headliner and a re-chromed rear bumper. It sold for $30,680. It was a 299-lot auction, one in which 368 users registered to bid online, via MillerandMillerAuctions.com and LiveAuctioneers.com, and placed a combined 5,996 bids. One hundred percent of lots sold, and 86 percent of the top 50 lots exceeded estimate. It was a feel-good sale that energized the market, according to Miller. Among the railroadiana lots, bigger didnt necessarily mean better. A collection of rare badges rose to a combined $18,800, led by a group of six Canadian National Railway badges from the 1930s that blasted through their $300-$500 estimate to bring $7,080. Five of the nickel-plated brass and sterling silver badges were marked, J.R. Gaunt & Son, Montreal, Made in England. An Eco-Meter 150 Clockface Gasoline Pump (Canadian, 1930s), 82-by-22 inches and painted to Shell colors, with a reproduction globe, went to a determined bidder for $29,500. Also, a single-sided porcelain Red Indian Motor Oil sign (Canadian, 1930s), with a raised border, 26-by-72 inches, graded 8.75, hit $24,780. An Imperial 3-Star Gasoline double-sided porcelain service station sign (Canadian, 1940s) retained in the original porcelain oval ring, 41-by-60 inches, graded 9.5 and 9.25, rang up $7,080, while a Texaco Gasoline double-sided porcelain service station sign (Canadian, 1957), marked P&M Orillia 57 on the lower edge of one side, 5 feet in diameter, graded 8.75 on both sides, with minor scattered porcelain losses, hit $6,490. For additional information, email info@millerandmillerauctions.com or visit www.millerandmillerauctions.com.
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