1970 Oldsmobile Cutlass Supreme Indianapolis 500 Pace Car Convertible Track Car

Condition:	Used
Make:	Oldsmobile
Model:	442
SubModel:	Convertible
Type:	Convertible
Trim:	/Cutlass Indianapolis 500 Pace Car Convertible
Year:	1970
Mileage:	49,048
VIN:	342670M292926
Color:	Originally Code 10 Porcelain White
Engine:	Rocket 350/310 horsepower
Cylinders:	V8
Fuel:	Gasoline
Transmission:	Automatic
Drive type:	RWD
Interior color:	Black
Drive side:	Left-hand drive
Vehicle Title:	Clear
Item location:	Kenosha, Wisconsin, United States

Extras

Power Steering, Power Brakes, Air Conditioning, Cruise Control
Factory AM Radio, Bucket Seats, Console, Convertible

Listed by

Private seller

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Description of 1970 Oldsmobile 442 /Cutlass Indianapolis 500 Pace Car Convertible

1970 Oldsmobile Cutlass Indianapolis 500 Pace Car Convertible Documented As Car Number 28 on the track at the Brickyard on May 30th 1970 in the 54th running of the Indy 500 being sold at "No Reserve"

If you are going to restore one car in your lifetime you may as well make sure that the car you restore is numbers matching with documentation that you know will only escalate in value with every dollar you spend on the restoration. This 1970 Oldsmobile Indianapolis 500 was definitely car number 28 that sat on the Indianapolis 500 race track prior to the Infamous 54th running of The Great American Race. I was personally told by the Indy Pace Car OCA advisor that this was the exact convertible initially driven on and around the track during the Indy 500 Festivities week prior to the race assigned to Walter B. Kirkwood Jr. who was a board director. I was also told that this car would have had Walter B. Kirkwood Jr.'s name marked on the fender as reserved. I would assume that would have been a magnetic removable decal. Mr. Kirkwood's information is listed in the picture section.
If you simply double click on the main picture of this auction page then all 24 pictures will open up and be able to be viewed in the larger size by clicking the arrows on each side of the larger pictures. This Indy 500 Pace Car Convertible will sell to the bidder with the highest winning bid on Sunday evening.
Opportunities like this don't come around very often. It is no great secret that the 1970 Cutlass Supreme/442 Convertible has more than doubled in price over the last decade. This is an extremely rare genuine 1970 Oldsmobile Cutlass Indianapolis 500 Pace Car Convertible that was ordered from the factory in the extremely rare Y-74 code 10 Porcelain White. 1970 has proven to be one of the most expensive and highly sought after years to acquire from the pinnacle of the muscle car era with the highest investment grade value. There are plain and simply not many left in existence. They only made 268 Indy Pace Cars in 1970. I believe only 28 of those 268 were actually track cars and the other 240 had to be purchased from an Oldsmobile dealer, but I am not 100% certain on that number. Dealers were allowed to sell them, but very few were ever actually on the race track in that famous picture of all the 1970 Convertible track cars lined up on the track in 1970. I've only seen that picture once many years ago, and never counted how many were actually on the track.
Everything will be explained that was learned from the previous owner who had this convertible prior to my ownership.
This Rocket 350 engine is the original numbers matching block with the numbers matching transmission that did come with this body when it rolled off the assembly line. The numbers to verify this engine and transmission are shown in the picture section to prove that this pace car is the real deal. The Rochester 4-barrel Quadrajet carburetor is what creates the 310 horsepower from these Rockets directly from the factory. The W-25 ram-air hood disappeared somewhere over the years, but they do manufacture an aftermarket steel framed ram-air hood that is identical to the original ones made by General Motors back in the early 1970's. The engine is currently not wired up, so the efforts to make this rare gem back roadworthy will be left up to the lucky winning bidder.
This is not a project for a novice. It is for a classic car enthusiast or a muscle car restoration shop who knows how rare these cars are. It could be for a father and son project, but they would need a lot of time on their hands to bond as a family unit. I am selling this car as needing a complete restoration to bring it back to its former glory days. After this rare classic is restored I can say with confidence that these convertibles drive nice and straight down the road with finger tip control. I own and have owned several other restored 442's in my life, so I know exactly what they feel like after a full restoration. This model was factory ordered as a Cutlass, but was simply badged as a 442. As shown on the data plate this car is an actual Y-74 ordered Indy Pace car Convertible. At the end of the picture section is an example of what the finished look will be. This car can be the envy of the neighborhood once more.
There are several parts missing but they remanufacture just about every part that was ever made for these cars in identical replacement parts at a wide variety of suppliers around the country at rather reasonable rates. Basically what you see is what you get! The chrome on the car is mostly in driver's quality condition, although both bumpers will need to be rechromed. The rear-end is believed to be the original 12-bolt, but I am unsure of the gear ratio.
The fenders on this carare original 1970 fenders with no groves in the fender gutters unlike the 71-72 model year fenders that have little bumps on the fender gutters. The bottom of the fender on the drivers side could use a patch panel behind the wheel well. The body was simply primed with white primer as a rust preventative measure. As much as I would like to have this exquisite model be restored to the quality it deserves, I find myself in the midst of too many other projects to give this one the proper attention it deserves.
The floors are all relatively solid with very minor imperfections and were coated in Rustoleum 2X coverage gray primer under the carpet. It would be hard to find one of these cars with a nicer original trunk pan than the trunk pan shown in the picture section. The trunk pan was also coated with Rustoleum 2X coverage gray primer to make sure it stays in great shape. The entire frame is in very nice condition. I know how much Olds 442 purists know how valuable a clean 68-72 GM A-body convertible frame is worth. They don't come cheap! That's for sure! A new set of fourblack carpetedfloor mats were placed over the used carpet in preparation for the sale as well as a brand new trunk mat on the nice trunk floor.
This car did start out as a bench seat car but was upgraded with front bucket seats and a console with a floor shifter. The front bucket seats have the correct 1970 material, but will need to be reupholstered. Newer aftermarket seat covers were placed on the seats for protection. Hooking up the shifter to the transmission will be needed to be performed by the new owner. The process is not very complicated, so anyone who is mechanically inclined can make the conversion. The back seat is in fairly nice condition. The dash board is in very nice shape with no cracking and an original AM radio is still in the dash. This dash was never cut up like was typically done back in the day to fit aftermarket stereo's. The windshield will need to be replaced. This is an original cruise control car, but it seems as if several parts are missing, although the cruise control actuator is included inside the trunk with the cable.
The air conditioning was dismantled at some point, but the a/c box and an original air compressor is included in the trunk that spins freely. Having the air conditioning option was rather rare for back in those days, so that is a nice option to have reinstalled during the restoration process. Getting the a/c controls operable will be left up to the next owner. The convertible top material has been removed, so after the restoration a nice new white top would look fantastic. The top motor, lines, and top cylinders are all present in the car.
This Documented 1970 Indianapolis 500 Cutlass convertible sits on a like new set of four Firestone Firehawk Indy 500 P255/60R15 inch raised white lettered steel belted radial tires with very nice tread mounted on a set of four 15" inch Super Stock II wheels. All four wheels have all four center caps,all fourbeauty trim rings, and all chrome lug nuts. There is a brand new trunk mat on the trunk floor that has a jack, jack stand, and crow bar sitting on top of the new trunk mat. Also included in the trunk is a full size spare wheel.
This Oldsmobile came from thefactory with power steering, power brakes, and a power convertible top. I noticed inside the trunk lock there is a power trunk mechanism, but there is no switch inside the glove box.
This Olds is being sold with a clean and clear title issued from the State of Michigan. The actual mileagestated on the odometer reads just over 49,000 miles, so it is to be assumed that it may have rolled over once, but there is a slight chance that it may be original. There is no way to verify the mileage as original, although nowadays the mileagecomes upexempton a new change of ownership title when a car is more than 10 years old in most states.
These older classics that have survived for nearly half a century are becoming harder and harder to find with each passing year.
The Nada Classic Car Price Guide currently hasa genuine1970 Oldsmobile Cutlass Supreme Indianapolis 500 Pace Car Convertible with the Rocket 350/310 horsepower engine and the air conditioning option listed at $46,690 in high condition, which theyconsider an excellent overall vehicle that was completely restored, or an original vehicle showing very minimal wear. Note: This value does not represent a 100 point show car or a #1 vehicle. Those vehicles can reach much higher prices.
Nada has the average condition value at $22,910 which theyconsider in good overall condition that could be an older restoration or a well maintained original vehicle that is completely operable. The exterior paint, trim, and mechanics are presentable and serviceable inside and out.They say an average condition car is considered a20-Footer!
They have the lowest condition valued at $15,080 being considered a deteriorated restoration or a very poor restoration, but mostly usable "As-Is!" The lowest value does not represent a parts car, but would be considered as the price for a car needing a complete restoration.
The numbers don't lie! This 1970 Oldsmobile Convertible with the numbers matching Rocket 350/310 horsepower engine with the numbers matching transmission is an extremelyvaluable classic muscle car. When these cars are restored they are certainly capable of reaching much higher numbers depending upon the level of restoration performed.
Whatever this classicgenuine extremely rare 1970 Cutlass Supreme Convertible sells for in this quick 5-day "No Reserve" auction is a win/win investment. Don't miss out on the rare opportunity to own your very own Pace Car for a fraction of those prices.
This Oldsmobile is an investment that I believe will continue to rise as these Cutlass Supreme and 442 model'shaveconsistently shown to escalate in value with each quarter. I have never seen a decline in value, so every dollar spent should very likely increase the investment. Here is a prime opportunity to acquire your dream car at a nominal price. This description may be a little long winded, but everything was described as accurately as possible, so every potential bidder can make the most informed decision prior to confidently placing their bids.If you feel anything may have been left out please ask as many questions as you like. They will be answered in a timely fashion.
This convertible is being stored at my buddy's house in Kenosha, Wisconsin just over the Illinois/Wisconsin border and will need to be picked up or transported from there. The deposit is required within 24 hours and the balance is due within 72 hours. The title will be sent out by U.S. Priority Mail to the winning bidder as soon as the funds are clear. This classic is being offered at "No Reserve" on a quick 5-day listing. Please make sure your funds are in order prior to placing your bids. This Pace Car Track Car will sell to the highest bidder on Sunday evening at 5:00pm Pacific, 7:00pm Central, or 8:00pm Eastern time depending on your location.
Thank You for taking the time to read and view this auction!!!
Good Luck and Happy Bidding!!!