Mecum Auctions rolled through Chicago last month for their annual fall sale. A total of 795 cars crossed the red carpet with 72% of them finding new homes. Once the dust had settled, Mecum had achieved $12.6M in vehicle sales.
On the Corvette front, 71 of Zora’s offspring were offered for sale. Of those, 54 sold to new owners for an impressive sell through rate of 76%. 21 of the 54 Corvettes were sold at no reserve.
We see a diverse collection of Corvettes on the Top 12 list this time around. The list consists of 5 C1’s, 5 C2’s, 1 C3, and a lone C6. The Top 12 lists from Kissimmee and Indy were dominated by midyear Corvettes. The other big difference from the earlier Mecum auctions are the actual sales numbers. Chicago had just 2 six-figure sales whereas the other auctions had over a dozen. The sum of the Chicago Top 12 was just $881,000. Compare that to Indy and Kissimmee each of which totaled more than $2.8M. The average price for the Indy Top 12 was a palatable $73,417.
The top Corvette sale went to a fabulous red/black 1967 427/400 convertible with Bloomington Gold Certification at $115,000. A white/saddle 1963 327/300 A/C coupe finished second at $110,000, and a black/red 1957 283/270 convertible came in third hammering at $85,000.
Here’s a closer look at the Top 12 Corvette sales from the 2017 Mecum Chicago auction.
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5. Lot #S188.1 1961 Chevrolet Corvette Convertible – $70,000
Top 12 Sum: $881,000
Average Price: $73,417
Once again, 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.
Main Attraction: 1953 Corvette VIN 91 Headlines Mecum’s Chicago Auction
The Top 12 Corvette Sales of Mecum Indianapolis
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