We were in Indianapolis, Indiana a couple weeks back for the Mecum Spring Classic auction. While we weren’t able to add to the Motor City Bureau’s Corvette count, we did end up having a great couple of days with 1,665 collector cars and some of our great Corvette friends.
Now that the dust has settled on Litavsky 8,533 mile 1967 427/435 coupe which hammered at $675,000. The silver medal went to a 1963 big tank Z06 at $410,000 and an unrestored black/black 1967 427/435 convertible hammered for $310,000.
This time the Top 12 is dominated by C2 Corvettes with 11 of them on the list. The lone C1 is a 1962 big brake fuelie. Of those 11 C2’s, 9 of them are 1967 big blocks whose appeal appears to be just as strong as ever.
The total cost of the Indy Top 12 was $2,866,000. That’s up significantly from Indy’s 2016 $1,540,500 Top 11 total even when you throw out the extra Corvette on this year’s list.
It’s also down slightly from the $3.1 million Top 12 in Kissimmee in January of this year. The average price of the Top 12 list was up also from $140,045 last year to $238,833 this year.
We didn’t really see any big surprises in our Top 12 list. We’ve all known that big block 1967’s are the most coveted of all the Corvettes and the numbers above reflect that. We also continue to see unrestored cars continue their surge in desirability as several made their way into the Top 12. There does seem to be a gap growing between the average cars and the exceptional cars. The average cars look to be appreciating more slowly than the higher end cars. We’ve still got many more auctions to go yet this year so we’ll see if the industry continues on its current climb.
We’d like to give a hat tip to Marshall Fancher from Vette-N-Vestments for compiling all the Mecum results via his daily email summaries during the sale so we can summarize them for you here. 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.
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