A self-storage auction buyer recently purchased the contents of a unit at Pond Springs Storage in Austin, Texas, for $51 and discovered 500 separate pieces to a 1959 Cadillac under a greasy tarp. In restored condition, the two-door coupe could be valued at more than $50,000, according to MyAustinStorage.com, which owns the facility.
Pat Jones bid uncontested on the unit and knew he was onto something good when he found two restored white bumpers with classic 1950s-style fins. "When I saw that fin, I knew it was a classic car part, but one part doesn't make a whole car, he said. As I started getting a grasp on the volume of parts, I realized we had an entire car here, just in more than 500 separate parts."
The VIN numbers on the parts revealed they belonged to the same vehicle. "It appears the previous owner was using the storage as a second garage and restoring the car in the storage unit, Jones said. He had gotten so far as to have re-chromed and restored over half the parts. It is quite a mystery how and why this car arrived here in pieces."
MyAustinStorage.com holds storage lien auctions about four times a year. Its next auction will likely be held in March, officials said. The company owns two additional self-storage facilities in Austin.