Vannoy ConstructionCEO Eddie Vannoy’s massive car collection has been auctioned for $15 million.
The northwestern North Carolina business based in Jefferson has thrived through the decades – with annual volumes reaching $500 million or more – and has a succession plan involving family members and employees.
But Vannoy’s equally impressive car collection demonstrated his passion — and success — in collecting cars.
The most expensive car at the Mecum Auctions, Inc. event turned out to be this 1969 Dodge Daytona, which sold for $231,000. It was one of only 503 produced, for NASCAR racing, and went through a nut-and bolt-restoration..
Other cars auctions included several examples of classic cars including the Ford Mustang Shelby GT350R, Dodge Challenger Hellcat, Chevy Camaro ZL1 and Challenger SRT Demon.
The collection also included motorcycles, trucks, art, gas pumps and other artifacts.
Eddie, now in his 70s, built the business with his younger brother Mark. The enterprise has survived ups and downs, including recessions that tore into its original markets – but the company adapted and responded to the environment.
Vannoy Construction serves clients in the health care, retail, higher-education, highway and other sectors. A key client has been home-improvement retailer Lowe’s. The Vannoys have built more than 200 Lowe’s stores, the more recent ones at an estimated $20 million each, Business North Carolina reported in a 2019 profile.