Rare Cars Found In Barn Estimated To Be Worth $700,000

A collection of rare cars found inside a Texas barn are estimated to be worth nearly $700,000. The incredible collection was originally owned by a man named Jack, who purchased the vehicles in the 1960s. Although he hoped to eventually restore the cars, they remained inside his barn, untouched, for more than 40 years.

The vehicles include a 1908 REO Model G Boattail Roadster/Sedan Tonneau, a 1923 Milburn Electric Model 27L, a 1932 Cadillac 370B V-12 Victoria Convertible, a 1933 Cadillac Model 370C V-12 Town Coupe, 1937 Kozy Coach Travel Trailer, and a 1938 Cadillac Series 90 V-16 Fleetwood Limousine — which was originally owned by the Wrigley family.

Examiner reports that the individual vehicles are worth between $45,000 and $350,000. Motostalgia auctions, which will manage the sale, estimates the entire collection to be worth at least $700,000.

As reported by NY Daily News, the most valuable of the cars is the 1932 Cadillac Victoria Convertible, which is actually a prototype. Although the model was eventually manufactured with a V-16 engine, Jack’s prototype has a V-12. It is estimated to be worth $350,000.

Jack’s 1923 Milburn Electric, which is worth an estimated $125,000, is one of the last fully electric vehicles manufactured by the company.

The 1908 REO Model G is unusual, as it includes a back seat and a boattail, which can be interchanged. It is estimated to be worth nearly $95,000.

Jack’s 1933 Town Coupe is also quite unique, as it is “one of only 952 built.” The vehicle, which still runs, is estimated to be worth $75,000.

Motostalgia founder Antonio Brunet said he was simply stunned when he walked into the barn.

“Opening the doors, seeing the cars covered in dust, untouched for years… It’s like you’re in a time machine… it’s like time stopped. The car’s haven’t changed, they’re just getting older… They’re just as they were when they were put away, right down to the smell. It’s incredible.”

Jack planned to keep the rare cars in his barn indefinitely, as he was hesitant to part with the unique collection. However, he was eventually forced to admit he simply does not have the time or energy to restore all the vehicles.

Jack retained ownership of two rare cars, which will remain in his barn. However, the others will be sold at a June 12 auction at Indianapolis Motor Speedway.

Brunet said the rare cars found in Jack’s barn were not a textbook “barn find,” as Jack was aware of the vehicles’ value. However, for car enthusiasts, the collection is an amazing treasure.

[Image via Shutterstrock/Harry H. Marsh]