Saratoga Auto Auction announces addition of the no-reserve Dammerman Collection for the 2018 auction

Forty-four vehicles, all offered at no reserve, consigned from the exclusive collection of the late former Vice Chairman of General Electric, Dennis Dammerman

Aerial shot of the 44-car Dammerman Collection (photo credit: Relentless)

SARATOGA SPRINGS, N.Y. (Aug. 13, 2018) — The Saratoga Automobile Museum has announced the addition and consignment of all 44 vehicles at no reserve from the collection of Dennis Dammerman, the late Vice Chairman of General Electric. The auction will once again take place at the Saratoga Performing Arts Center (SPAC) in Saratoga Springs, N.Y. on Sept. 21 and 22.

The collection, comprised largely of a variety of mid-century domestic convertibles, coupes, and sports cars, is the largest single consignment in the auction’s history. All vehicles will be offered at no reserve.

“The Saratoga Automobile Museum is thrilled and privileged to have the opportunity to feature the Dammerman Collection at this year’s Saratoga Auto Auction,” said Gary Brown, treasurer of the board of trustees for the Saratoga Automobile Museum. “I, along with the board of trustees and the staff at the Museum, could not thank Marsha Finn Dammerman enough for consigning this incredible collection of motor vehicles for the auction. Mrs. Dammerman’s generosity and support of the auction will help fulfill the Museum’s mission for years to come.”

“We are incredibly honored and excited to have the Dammerman Collection featured in our Fall 2018 auction. We are fortunate to have earned the confidence of Mrs. Dammerman to promote and sell the collection on the stage at SPAC this September. This has taken our auction to the next level with the offering of all 44 cars of the Dammerman Collection being offered at no reserve,” said Jeff Whiteside, auction director.

An Iowa native raised in Grand Mound, Dammerman — who passed away at the age of 67 in 2013 — was the late vice chairman of General Electric. Mr. Dammerman was 38 when Jack Welch named him GE’s chief financial officer in 1984, the youngest CFO in company history. He held the position until 1998, when he became a Vice Chairman and Executive Officer of GE and Chairman of GE Capital Services, Inc. The same year, CFO Magazine honored Dammerman with its first Life Achievement Award for CFO Excellence.

Dammerman joined GE in 1967, shortly after graduating from the University of Dubuque in his native Iowa. He joined GE’s financial management program and held various financial assignments in several GE businesses. He was appointed to lead GE Capital’s real estate financial services division in 1981, a job he held until Welch named him Senior Vice President-Finance and CFO.

Dammerman was not only a car collector and enthusiast, but a trustee, supporter, and advocate for the museum. In 2009, Dammerman displayed 16 of his vehicles in an exhibit entitled, “Mid Century Marvels.” Now with this generous consignment, the Dammerman Collection sale at the Saratoga Auto Auction will help support the museum’s educational programming, including its Distracted Driving Safety Program.

“The addition of the Dammerman Collection to the auction will undoubtedly help support the museum’s array of educational programming,” said Carly Connors, executive director. “We cannot express enough gratitude toward Mrs. Dammerman for her trust and support of the auction and the Museum.”

Dammerman remained active in business after retiring from GE, serving on the boards of directors of BlackRock, Inc., one of the largest publicly traded investment management firms in the U.S.; Swiss Reinsurance Company Ltd.; Capmark Financial Group Inc.; and Discover Financial Services. He also served on the boards of various entities associated with his summer hometown of Saratoga Springs, including the New York Racing Association, Skidmore College, and Adirondack Trust.

In addition to his service on numerous boards, Dammerman spent his retirement years indulging his passion for horses and automobiles, both classic and contemporary. Following his retirement, he and his wife, Marsha, made their primary home in Wellington, Fla., where Dammerman was a founding partner of Wellington Equestrian Partners, which developed the Winter Equestrian Festival into the largest and longest-running event in the sport. He enjoyed watching his wife compete in the Winter Equestrian Festival and throughout the Northeast.

The collection includes the following vehicles:

1936 Ford Street Rod

1948 Lincoln Convertible

1953 Buick Skylark Convertible

1955 Buick Roadmaster Convertible

1955 Chevrolet Convertible

1956 Chevrolet Convertible

1956 Ford Thunderbird

1957 Chevrolet Bel Air Convertible

1957 Chevrolet Corvette

1957 Ford Thunderbird

1957 Jaguar XK 140M

1957 Oldsmobile 98 Convertible

1958 Chevrolet Impala Convertible

1959 Chevrolet Impala Convertible

1961 Oldsmobile Starfire Convertible

1962 Oldsmobile Starfire Convertible

1962 Chevrolet Corvette

1962 Pontiac Grand Prix Convertible

1963 Chevrolet Corvette Convertible

1963 Chevrolet Impala Convertible 409

1964 Plymouth Fury Convertible, Resto Mod

1965 Austin Healey 3000 Convertible

1965 Ford Mustang 2 Door Hardtop

1966 Chevrolet Chevelle SS Convertible

1966 Pontiac GTO Convertible

1967 Chevrolet Corvette 427

1967 Ford Mustang GTA

1967 Pontiac GTO Convertible

1967 Pontiac GTO Convertible

1968 Buick GS Convertible

1968 Chevrolet Camaro RS SS Convertible

1968 Mercedes Benz 280 SL Roadster

1969 Dodge Super Bee

1969 Mercedes Benz 280 SL Roadster

1970 Pontiac GTO Convertible

1970 Mercedes Benz 280 SE Convertible

1970 Oldsmobile 442 Convertible

1975 MGB Roadster

1976 Cadillac Eldorado Convertible

1984 Datsun 300 ZX Hatchback

2003 Ferrari 360 Spider

2008 Ford Mustang Shelby GT 500 Convertible

2013 Chevrolet Corvette 427 Convertible

For more information about the Saratoga Auto Auction or to register to bid, visit saratogaautoauction.org. To consign a vehicle for the auction, contact Jeff Whiteside at (518) 587–1935 x22 or at jeff.whiteside@saratogaautomuseum.org. For learn more about the Saratoga Automobile Museum, visit saratogaautomuseum.org.

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About the Saratoga Automobile Museum: The Saratoga Automobile Museum was organized in 1999, and opened to the public in 2002. The Museum’s mission is to preserve, interpret and exhibit automobiles and automotive artifacts. We celebrate the automobile and educate the general public, students and enthusiasts regarding the role of the automobile in New York State and in the wider world. In addition to technical and design aspects, our educational focus is on the past, present and future social and economic impact of the automobile.

The Museum is located within the 2,500 acre Saratoga Spa State Park, in the heart of historic Saratoga Springs, New York, world famous for its legendary, much honored one-mile thoroughbred track. The museum’s facility is the totally restored and renovated Saratoga Bottling Plant, a beautiful neo-classic structure built in 1934. The Museum is adjacent to the Saratoga Performing Arts Center and near the landmark Gideon Putnam Hotel. Within walking distance in the Park are the National Museum of Dance, the Spa Little Theatre and the lavish Hall of Springs banquet facility. saratogaautomuseum.org