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tv   Strange Inheritance  FOX News  March 15, 2015 9:00pm-9:31pm PDT

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♪ ♪ jamie: i'm jamie colby, and i'm just driving into enid,
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oklahoma, which is about 90 miles north of oklahoma city, population roughly 50,000. right here in enid they have the third largest storage capacity for grain on the planet. but wedged in between enid's silos lies the tale of a cantankerous legend who heft his grandchildren -- who left his grandchildren with a very entrance. >> my name is stuart, and in 2003 my brothers and sisters and i inherented something pretty unusual from my grandfather. his name was oliver jordan, and he died in '95. he was a child of the dust bowl. grandpa would hold onto just about everything that passed through his life, whether it was a tin can, an automobile, a piece of copper wire. jamie: and oliver jordan kept it all here for 60 years. this salvage lot was his home, his sanctuary, his fort knox. >> hi. welcome to paradise. jamie: i found it.
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the rusted old cars in this shed, some of them relics of the roaring '20s, are more than 200 that jordan accumulated during his lifetime. born in 1908, jordan was raised on a wheat farm, but his real interest was that fabulous new invention, the car. >> grandpa was around machinery all the time, and automobiles were beginning to happen. it was a lifelong passion. jamie: jordan grows up, gets married and then at 34 year wheres old abandons his wife and three kid for a 16-year-old girl in town. >> when my mother and her brother and sister were still children, by grandfather left the family for another woman. her name was ruby x that was quite a scanned -- and that was quite a scandal. everybody was hurt by it. ♪ jamie: in 1946 oliver buys a salvage yard in enid where he and ruby lived and where he makes money selling old cars and parts.
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oliver runs the salvage yard successfully for seven years, but then in 1953 he gets into a nasty argument with the town of enid over zoning and regulation, two words he detests. >> the city came in and told him he had to put in a bathroom and do some other things, and grandpa just didn't like to be told what to do. jamie: he was not a rule follower. >> he was like, fine, i'll close the doors. and that's what he did. jamie: oliver continues to hoard old cars and rarely lets another soul inside the shuttered salvage yard. >> pretty much everybody in this town would drive by grandpa's property and see all these old cars sitting right there, and some people -- they thought they were an eyesore, you know? jamie: enid native brad recalls venturing over as a young car buff in the 1970s. >> i walked across the street, and, mr. jordan, i'm looking for a starter for a continental six
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cylinder engine, do you have one? after a long pause, he basically said, well, it's going to be $50. well, came back about a month later with my $50, he said, nope, $75. i learned a little bit of horse trading at that point in time. jamie: as a boy, stuart never gets to know grandpa oliver. >>
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jamie: when stuart graduates high school in 1984, he decides the take a summer road trip back to enid. >> i got a greyhound bus ticket and went out to enid on my own. he took me over to his shop, and for the first time i got to spend some time with my grandfather. this was his grandfather's pride and joy, the centerpiece, the two depression era courts. >> grandpa had a it is fascinatn with them because they had done some ingenious things under the hood.
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>> >> for half a century junkyard owner oliver jordan and accumulates hundreds of cars some are rare in mostly intact the resting as he grows old. in the fall of 2000 his grandson gets a phone call but opus the door to a new relationship to estrange inheritance to make his companion of six years had fallen off of a ladder and broke her hip. she called worried because grandpa was that the house and was 94 years old and
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that was the open door. jamie: it took control his nineties? to make he didn't want to lead anybody. >> he hops on a plane to oklahoma not knowing what to expect. >> i knocked on the door 6.4 inches he has a commanding presence even at 94. he is covered from head to toe in for others. one of the dogs had torn of the featherbed. it just commanded respect even covered in brothers. jamie: in a terrible state he decides to stay to take care of his grandfather forgotten know him through the cars he was so proud to show them to me and he was so proud to show them to meet. jamie: becomes immediately clear first he knows he doesn't have much time left and he is worried about the fate of the cars.
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>> at one point he said thank god for you thank god for you he was so worried about what would happen. jamie: he is no car expert but he does his homework to confirm the centerpiece of a whole collection is the cord from the 30's that he remembers from the high school road trip. >> maybe only 400 or 500 were ever made i am thinking best case scenario restored maybe 300,000. jamie: now leads him down a road that takes more than a decade and will cost him plenty and he lays out tens of thousands of dollars to ship in secured containers to build a storage facility. >> is his life's work so why are they just brought in a way? somebody has to do something
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jamie: august 2003 he died at the age of 95 leading his collection to stewart and his siblings to read the original windows, the 1924 is a personal favorite it was popular among the bootleggers during prohibition as director our toggles to turn off the tail lights if they were being followed. jamie: it is just a snippet of the collection for or have never seen anything like this. >> is a "strange inheritance". jamie: before he dies against him business of vice >> don't sell all those cars and parts all of one's but one at a time you make more money. jamie: but then he realizes it would take the rest of
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his life to sell one by one. just getting the title for these takes months. jamie: you had to get title to every single one? how to do that? jamie: you have to find the id number. jamie: of ye gods period we had to polish it off but we could get titles for the majority of the cars. >> years? by and he keeps spending more to authenticate and protect the car plane trips to san francisco and back for public 2013 he has invested $400,000 getting the collection ready for auction. it is time to sell. contacting yvette to appraise the collection is he sitting on a of a pile of junk or a gold mine?
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direct air-to-air hundred 20 american cars before the war before 1942 very rare because they started to limit production usually get one from rations' direct aid make plans for though one day auction of a lot. work begins to spread and stuart learns that is not a good thing. >> we found somebody cut a hole in the side of the building and they stole over 250 anti-greeters, a chrome parts to meet those along were worth $40,000 but the biggest loss is the theft of the beloved harley-davidson possibly worth several hundred thousand dollars. >> there really set us back
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jamie: racing to auction off his "strange inheritance", hundreds of vintage cars his grandfather's lifelong obsession and has become his own investing 13 years and $400,000 in the collection i catch up with him at the association rally in oklahoma city. >> did you know, my grandfather? ricky works the crowd i will see if i can get behind the wheel. hello. tell me about the car. >> 37 chevrolet 77 years old. jamie: part of the family? >> digest bought becky's. let's go.
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is ensured? called on. to eric the auctioneer is also here. jamie: and yet you see the shiny red cars and you could tell there must be some value but some look like junk. >> there not junk there is said different trend in the car collecting have the -- hobby. jamie: the factory original page shows the ravages of time some rubbish and have a clear coat of varnish shot atop to preserve it spirit that could be good news. accords from the '30's but if you are like me wonder
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what they might look like restored. i didn't have to go far to find out. spending over 30 years restoring this car it is a stunning example of what it looks like in all of its glory. >> we went through the engine, painted it, a fixed the interior to restore history not just a nice paint job. jamie: june 7th, 2014 finally the big day the auctioneer welcome as the crowd of released 300 people jamie: his sister crosses her fingers.
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>> it has been a lot of hard work i hope at least gets back what he has put into it and read other siblings they get back. jamie: he put in 400 grand. jamie: he put in 400 grand. will he get back? [bell rings] you're not mr. craig. yeah, i'm confused, where's mr. craig? well, i'm sorta mr. craig. we're both between 35 and 45 years old. we both like to save money on car insurance. and we're both really good at teaching people a lesson. um, let's go. cool. sit down! alright. sorta you, isn't you. only esurance has coveragemyway. it helps make sure you only pay for what's right for you, not someone sorta like you. i think i blacked out from fear... did we ask him where mr. craig was? we did. esurance. backed by allstate. click or call.
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i'm sure you know what this meeting is about. yes, a raise. i'm letting you go. i knew that. you see, this is my amerivest managed...
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balances. no. portfolio. and if doesn't perform well for two consecutive gold. quarters. quarters...yup. then amerivest gives me back their advisory... stocks. fees. fees. fees for those quarters. yeah. so, i'm confident i'm in good hands. for all the confidence you need. td ameritrade. you got this. jamie: the buzz over the antique car of sheer rock collectors from all over the country to enid oklahoma summer looking for parts but others are here was plenty to spend for just the right vehicles than a decade with a trailer and a pickup but i will come back if i have to to haul more cars.
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jamie: you have to be quick in this game they can go with less than a minute. sold proposal proposal proposal. sold proposed directive is going pretty good. jamie: cautiously optimistic good to beloved cars are about to go up for bid. if fully restored each worth six figures but how much in this condition? it will need every little piece restored spirit 40,000.
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42,000. sold. it goes to new york. jamie: what about the second? 21,000. 22200500 through the anonymous telephone bidder paid $64,000 for both cars. he is not disappointed. >> is great because they will move on. jamie: after the emotional data grand total is $540,000.
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with the 400,000 that he invested in the profit of 140,000 jews split with the siblings. it is no windfall. but then again watching the grandchildren makes you wonder was that 13 year-old enterprise ever turning that into gold or was it a different kind that restores broken ties into a strong lifelong bond. >> we did not get to know her parents sat well so this brothers closer. jamie: what would grampus say? record i am proud of you.
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jamie: is that important to hear? direct definitely. i wanted to do right by him. jamie: he sold all the cars and regretted only boozing won the 1924 car that was a favorite of the prohibition bootleggers and 86 ruling came just to see it and explained her grandfather had driven it to the hospital the day she was born for of all the stories about the strange inheritance this may have been his favorite. he asked the man to let him know if the ever resells the. you might want to buy it back. thanks for watching "strange inheritance". and remember, you can't take it with you.
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site. -- go to our web site. >> a texas family inherits a house full of history, millions. >> bob davis was a world class collector. >> and speaking of love affairs. >> what is this gun? >> a sawed off shotgun that was carried by the barrow gang. jamie: like bonnie and clyde barrow? >> they spawn a legend. >> those images of young outlaws shooting up the highways of america, somehow touches people. >> it may yield a fortune. >> the place is packed, people on the telephones are bidding, in is interest in the bonnie and clyde story. >> a mind blower to watch

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