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Corvette Auction Results: Dana Mecum’s Spring Classic

by Keith Cornett on May 22, 2008

1969 427/435 L89 Corvette Coupe

For six previous weekends, Dana Mecum has been holding court at the Indianapolis Fairgrounds and doing what he does best – selling Corvettes and muscle cars. Two weeks ago Mecum’s Muscle Cars & More series that aired on the HD Theater network ended with a night of Corvettes. So it was with some interest that I tuned in over the weekend of May 15-17th to see the group of Corvettes offered at the newly relocated Spring Classic. What struck me the most about the Spring Classic Corvettes was how affordable some of these cars were.

Over the four day auction we counted 53 Corvettes offered with 37 selling. That’s 70% of Corvettes that were offered were sold for a total of $1,457,300. That’s an average of $39,386 per Corvette.

The top sale and the only Corvette to break the $100,000 barrier was a White 1968 Corvette Coupe with an L89 427/435 aluminum-head engine, which sold for $115,000. This Corvette features just 9,865 original miles and comes with a bevy of awards and certifications including NCRS 4 Star Bowtie, NCRS National Top Flight, Bloomington Gold Survivor and Bench Certification and the Triple Crown Award.

Second on the top selling list was a 1962 Fawn Beige Corvette with a 327/360 Fuel Injected engine coupled to a 4-speed transmission. Sold for $90,000, the ’62 features a fresh body-off restoration by an NCRS member who has been judging solid axle Corvettes since 1997.

We also saw a number of midyear Corvettes selling at prices not seen recently. However we were not at the auction and the descriptions of some of these Corvettes are severely lacking in details. Having said that, 5 midyears out of 14 offered sold for under $40,000.

Early C3 Corvettes models were out in force at the Spring Classic. Six Corvettes from 1969 were offered with 5 selling. Helped by the high price of our L89 Top Seller, these Corvettes sold for an average of $55,900.

Here are the full results from the Mecum Spring Classic in Indianapolis:

LOT YEAR MODEL SOLD HIGH BID
S84 1954 Corvette Resto-Mod   $70,000
T155 1956 Corvette Resto-Mod – 350/370 $60,000  
S164 1956 Corvette Convertible   $70,000
S27 1958 Corvette Convertible $65,000  
S161 1959 Corvette Convertible Resto-Mod $80,000  
T143 1962 Corvette Convertible – 327/360   $78,000
S199 1962 Corvette Convertible – 327/360 FI $90,000  
T56 1963 Corvette Convertible $36,000  
T144 1963 Corvette Convertible – 327/360 $85,000  
F204 1963 Corvette Convertible $55,000  
S51 1963 Corvette $51,500  
T100 1964 Corvette Convertible $35,000  
F250 1965 Corvette Convertible – 327/375 $72,500  
S20 1965 Corvette Convertible $38,250  
S21 1965 Corvette Convertible   $22,000
S85 1965 Corvette Coupe – 327/365 $62,500  
F133 1966 Corvette Convertible $36,500  
F182 1966 Corvette Coupe – 327/350 $50,000  
T31.1 1967 Corvette – 427/400   $115,000
S24 1967 Corvette Convertible $78,500  
S50 1967 Corvette Convertible $38,000  
T119 1968 Corvette – 427/435   $60,000
S168 1969 Corvette Coupe – L89 427/435 $115,000  
F164 1969 Corvette Convertible $27,000  
F176 1969 Corvette Convertible $33,500  
S15 1969 Corvette Convertible $52,500  
S89 1969 Corvette Coupe – 427/435 $51,500  
S167 1969 Corvette Convertible – 427/390   $94,000
T1 1971 Corvette – 454/365   $25,000
F36 1972 Corvette Coupe – 350 ci   $14,000
F41 1972 Corvette Coupe – 350 ci $18,000  
F74 1972 Corvette Coupe – 350 ci   $16,500
F109 1972 Corvette Convertible $26,000  
F177 1972 Corvette $18,000  
S72 1972 Corvette Convertible   $57,000
F76 1973 Corvette Convertible – 350 ci $20,500  
F165 1973 Corvette Convertible $28,000  
F240 1973 Corvette $9,300  
F268 1974 Corvette Coupe – 350/200 $16,000  
F285 1975 Corvette – 350 ci $8,500  
F95 1976 Corvette $16,250  
T102 1977 Corvette – 350 ci $9,500  
F13 1977 Corvette $10,000  
F150 1978 Corvette Pace Car $15,500  
T95 1980 Corvette   $10,500
T126 1981 Corvette – 350 ci $10,500  
F66 1982 Corvette   $15,000
T26 1986 Corvette Convertible Pace Car $10,000  
F190 1989 Corvette $13,000  
T137 1993 Corvette Coupe – 350/380   $13,500
F136 1995 Corvette   $26,000
F57 1998 Corvette Coupe $15,000  
F260 2005 Corvette Convertible Pace Car   $58,000
         
    Total Corvette Sales $1,457,300  

Mecum’s next auction event is the St. Paul High Performance Auction held June 20-21st and then the team will be off to St. Charles, Illinois for the Bloomington Gold Auction on June 27-28th.


Source:
Mecum Auctions

Related:
[VIDEO] Mecum Auction Results: 1963 Corvette Z06 Tanker
Friday’s Featured Corvettes for Sale: Mecum’s HD Theater Edition

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