The Top 11 Corvette Sales of Mecum Indianapolis 2016

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The Top 11 Corvette Sales of Mecum Indianapolis 2016
1962 Corvette Styling Car S.O. 10224, Special Firemist Gold Paint. Sold for $150,000


The Mecum Auctions travelling road show stopped in Indianapolis, Indiana last weekend for Dana Mecum’s 29th annual Original Spring Classic. After the dust had settled and the red carpet was rolled up 1,094 (70%) of the 1,567 consigned cars found new homes. Total sales were just under $49,000,000 and that number will probably top $50M once all the Bid Goes On activity wraps up.

Of those 1,500+ cars offered, 147 were Corvettes. Of those, 84 (57%) were hammered as sold. Here’s our look at the top 11 Corvettes that changed hands last weekend.

Dissecting the top 11 list we again see C2 Corvettes in the majority. This time 8 midyear Corvettes cracked the top 11 followed by 2 first generation Corvettes and lone C7. Of those C2’s, 5 were from the 1967 model year. Last month at Barrett-Jackson Palm beach we saw 6 C2’s, 4 C1’s and 1 C7 in that top 11 list. Nine of the top 11 Mecum Indy cars were either restored or factory original. The other 2 were both modified – one by GM itself internally and the other a wild restomod with modern internals.

1963 Corvette Z06 NCRS Top Flight, 1 of 199 Produced
1963 Corvette Z06 NCRS Top Flight, 1 of 199 Produced. Sold for $210,000


The total cost of the Top 11 was $1,540,500 and the average cost per car was $140,045. Just to make our prestigious top 11 you would have had to lay down $93,000. These numbers are down slightly from Barrett-Jackson Palm Beach where the top 11’s total cost was $1,675,800 and the average was $152,345.

The top Corvette sold at Mecum Indy was a rare 1963 Z06. The red on black Z06 is a NCRS Top Flight award winner and one of just 199 produced. It hammered sold for $210,000. 2nd place went to a sinister 1967 restomod sporting a 600hp LS3 which sold at $205,000. A freshly restored 1967 437/435 came in 3rd place commanding $195,000.

Here are the top 11 Corvette Sales from Dana Mecum’s 29th annual Original Spring Classic.

F134 1963 Corvette Z06 NCRS Top Flight, 1 of 199 Produced $210,000
F218.1 1967 Corvette Resto Mod LS3/600 HP, 6-Speed $205,000
S89.1 1967 Corvette Convertible 427/435 HP, Tank Sticker $195,000
S170.1 1962 Corvette Styling Car S.O. 10224, Special Firemist Gold Paint $150,000
S136 1963 Corvette Split Window Coupe 4-Speed, Factory Air, Bloomington Gold $140,000
S105 1965 Corvette Convertible L78 396/425 HP, Bloomington Gold Benchmark $122,500
S183 1967 Corvette Coupe Tri-Power 427/400 HP, 4-Speed $110,000
S210 1957 Corvette Convertible Dual Quad 283/270 HP, 4-Speed $110,000
S53.1 1967 Corvette Convertible 427/390 HP, 4-Speed, Factory Air $105,000
F232 1967 Corvette Convertible Tri-Power 427 CI, 4-Speed $100,000
F5 2015 Z06 Coupe w/Z07, LT4, 8-speed auto, 24 miles $93,000
  Total $1,540,500
  Average $140,045


Some of the notable no sales last weekend in Indy included a green/green 1969 L88 convertible that bid to $500,000, a LS3 powered 1963 convertible at $200,000, and a black/black1967 427/435 coupe which topped out a $180,000.

Overall these results look to fall pretty much in line with what we’ve seen previously. Buyers are willing to spend big bucks on well done, high end restomodded Corvettes. There are still people lining up for 1963-1967 Corvettes (especially 67’s) with no end to that demand in sight. Documented restored and original cars still bring all the money and the market remains strong for both buyers and sellers.

1967 Corvette Resto Mod LS3/600 HP, 6-Speed
1967 Corvette Resto Mod LS3/600 HP, 6-Speed. Sold for $205,000


Once again we’d like to thank Marshall Fancher from Vette-N-Vestments for compiling all the Mecum results shown here so we can summarize them for our loyal readers. Be sure to swing by his website and signup for his monthly newsletter and mailing list so you can stay up to date on all the latest Corvette auction activity.


Source:
Mecum and Vette-N-Vestments

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