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Southlake collector's 75 classic cars, memorabilia sold at auction

SOUTHLAKE -- Jim Taylor came to Southlake driving a 2006 Aston Martin DB9 and left with a 1929 Ford Model AA Cretors Popcorn Truck.

Taylor, who paid $110,000 for the truck, was one of more than 200 bidders who attended the Wayne Davis auction on Saturday where over 75 classic cars and 45 pieces of automobile memorabilia were sold.

"It was just the time in life to sell my business and retire and I plan to travel some," said Southlake resident Wayne Davis, who built up his car collection over 20 years. "I have too much maintenance trying to keep up with them all and I'm trying to simplify a little bit."

The first item up for bid was a national self-service vending machine which sold for $172.50.

The memorabilia portion of the auction included a Big Boy statue, sold for $6,325, and a 32-foot neon Cadillac sign that hung above Frank Kent's downtown Fort Worth dealership. That sign went for $115,000.

All items were offered without reserves, meaning there was no minimum bid.

Once the cars went on the auction block around noon, the serious bidding began.

Davis, who began working and restoring cars when he was 14, watched intently as a bidding war broke out on a 1969 Ford Mustang Mach I R-Code 428 Cobra Jet Sportsroof that he bought after his high school graduation. That car sold for $88,000.

To keep bidding going on a 1964 1/2 Ford Mustang Convertible, the auctioneer told one bidder, "You're going to wake up in the middle of the night in a cold sweat and it's not worth it." The bidder declined to go any higher.

Multimillionaires weren't the only ones who could afford to bid on a car at the auction. A 1967 Oldsmobile Toronado sold for $19,250 and a 1952 Buick Roadmaster station wagon sold for $6,600, although it needed to be restored.

Taylor, himself a collector with over 100 cars in his garage in upstate New York, said he will have the popcorn truck towed back to his home.

"I thought it would be fun," Taylor said of his only purchase of the day. "I have grandchildren and I want to make them popcorn."