Auction report: Searching for gold amongst metallic mayhem

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margin-right: 9px;">Motorcycles</a> </div> <h1 id="ar_title">Auction report: Searching for gold amongst metallic mayhem</h1> <div class="summary_details_left"> <p>By <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/author/somer-hooker/" rel="author">Somer Hooker</a></p> <p><em>June 3, 2015</em></p> </div> <div class="summary_details_right"> <div class="has_pictures"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures">49 Pictures</a> </div> </div> </div> <div id="hero_box"> <a id="hero_link" href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures" name="hero_link"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/hero/trash-and-treasure-jwood-auction-cuba-missouri.jpg" data-at2x="https://web.archive.org/web/20150604171920/http://images.gizmag.com/hero/trash-and-treasure-jwood-auction-cuba-missouri@2x.jpg" alt="Despite a judge originally ordering the contents of the farm scrapped, the extraordinary auction in Missouri last month netted $850,000"/> </a> <div class="pic_caption"> <p> Despite a judge originally ordering the contents of the farm scrapped, the extraordinary auction in Missouri last month netted $850,000 (Credit: Somer Hooker/Gizmag) </p> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures" id="gallery_link" name="gallery_link">Image Gallery</a> (49 images) </div> <div class="clear_both"></div> </div>  <div class="article_body"> <div id="first_paragraph"> <p>An extraordinary auction took place last month in Cuba, Missouri. Five buildings full of old motorcycles, cars, outboard motors and antique advertising signage went under the hammer – all without reserve. There was so much stuff that much of it was gathered into job lots on pallets ... but there was gold to be found amongst this mass of metal and rust.</p> </div> <ul id="gallery_images"> <li> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#1" class="image"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/gallery_tn/trash-and-treasure-jwood-auction-cuba-missouri-28.jpg" title="Unknown early single engine" alt="Unknown early single engine"/> </a> </li> <li> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#2" class="image"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/gallery_tn/trash-and-treasure-jwood-auction-cuba-missouri-20.jpg" title="Pre-view was active for two days" alt="Pre-view was active for two days"/> </a> </li> <li> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#3" class="image"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/gallery_tn/trash-and-treasure-jwood-auction-cuba-missouri-33.jpg" title="There was a sea of humanity during the sale" alt="There was a sea of humanity during the sale"/> </a> </li> <li> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#4" class="image"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/gallery_tn/trash-and-treasure-jwood-auction-cuba-missouri-51.jpg" title="Jerry's auction was not the place for the mechanically feint-of-heart" alt="Jerry's auction was not the place for the mechanically feint-of-heart"/> </a> </li> </ul> <div class="clear_both"></div> <p> Jerry L. came back from the Vietnam War a changed man. Stress was common in his job as a demolition expert, and stress had taken its toll. One symptom of Post Traumatic Stress Disorder is a desire to move away from people and that was Jerry's first move when he got home, purchasing a large secluded plot of land in rural Missouri.</p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#39" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-49.jpg" alt=""> </a> </div> </p> <p>That's the entrance to the land above. Unless you were going there specifically, you'd never find it. </p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#40" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-50.jpg" alt=""> </a> </div> Then buildings went up, and cars and motorcycles were acquired. </p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#22" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-29.jpg" alt=""> </a> </div> Lots of cars and lots and lots of motorcycles.</p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#45" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-54.jpg" alt=""> </a> </div> </p> <p>Jerry soon began living as cheaply as possible, preferring to spend his money on more and more vehicle purchases. One picker who was actually able to buy bikes from him years ago reported that "he had a drop cord with one bulb in it and a hotplate for cooking."</p> <p>Ten years ago, he decided it was cheaper to live with no utilities at all: no electricity and no sewer. He began living on raw hot dogs and carbonated drinks. If he went out to eat with people, he would drink water and then eat the scraps off their plates at the end of the meal. </p> <p>The vehicles were always cheap. He knew his bikes because he'd been a Triumph dealer before the war, and he could often be seen lowballing at the end of swap meets buying motorcycles, automobiles, bicycles, outboard motors, signs, license plates, and oil cans. </p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#27" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-34.jpg" alt=""> </a> </div> It was often more appealing for people who'd hauled their old gear to a swap meet to take a few dollars and be rid of it than load it back into the truck and do it all over again. So Jerry accumulated a lot of stuff.</p> <p>All the available space was utilized to house the growing collection, moreso when Jerry began disassembling the bikes. Curiosity? Anti-theft measures? Who knows? Maybe it was designed to enable him to get more into each space. When he ran out of space, another building was erected and filled, a pattern that went on for years.</p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#47" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-55.jpg" alt=""> </a> </div> Jerry then became upset that spaces were being utilized by people he hadn't authorized. He felt that people “were living in the walls.” One shed seemed particularly infested so he burned it down. There were a couple of Porsches in there, and a Norton Manx.</p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#57" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-61.jpg" alt=""> </a> </div> To ensure these imagined people did not live in the cars he had acquired, he broke out the windows. </p> <p>Sadly, as his mental state deteriorated, authorities had to move in and Jerry was hospitalized. </p> <p>Auction firm <a href="https://web.archive.org/web/20150604171920/http://www.jwoodandcompany.com/" target="_blank">J. Wood and Company</a> was called in to liquidate his assets.</p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#17" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-22.jpg" alt=""> </a> </div> “We got it all out and weren’t sure if we were doing the right thing,” said Jerry Wood of J. Wood and Company.</p> <p>"It looked better crammed in the buildings! It took about three weeks to move it to a warehouse and that left us a week to sort it out."</p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#50" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-58.jpg" alt=""> </a> </div> When auction time arrived there were still items on pallets left unsorted and occasionally bidding on a particular pallet would sky rocket when someone noticed a buried Goldstar engine or HD KR wheels. </p> <p>Here are some of the highlights:</p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#32" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-40.jpg" alt=""> </a> </div> A “bitza” Moto- Guzzi Astore sold for $30,000.</p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#35" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-45.jpg" alt=""> </a> </div> The fire-damaged Norton Manx with the wrong frame and forks was hammered down for $18,000. On day two, the frame was found in the weeds at the farm. It sold for $3,000. </p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#36" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-46.jpg" alt=""> </a> </div> A mismatched Panther fetched $30,000</p> <p><div class="article_img"> <a href="https://web.archive.org/web/20150604171920/http://www.gizmag.com/auction-motorcycle-car-barn-find-missouri/37778/pictures#38" target="_blank"> <img src="https://web.archive.org/web/20150604171920im_/http://images.gizmag.com/inline/trash-and-treasure-jwood-auction-cuba-missouri-48.jpg" alt=""> </a> </div> An NSU 601 attracted a lot of attention. Everyone wanted it; one guy won it for $30,000 plus 10 percent buyer’s premium.</p> <p>When the dust (or rust) settled, the sale netted $850,000. Not a bad result, considering that the judge who had been presiding over the case had originally ordered the contents of the farm scrapped! </p> <p>He just didn't see the gold in there.</p> <p>There were no shortage of buyers who did, however. 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Auction report: Searching for gold amongst metallic mayhem