Auctions & Results
Right on the heels of the record breaking 1967 L88 Stingray which sold for $3.2M at Mecum’s Dallas Auction September 7, Dana Mecum is out to break his own record for the price paid for a Corvette. The “Dealmaker” knew he’d have to do something spectacular for an encore at his upcoming Chicagoland Auction, October 10-12, and as if pulling a rabbit out of a hat he is magically offering the special modified 1963 Corvette given to Harley Earl by GM honoring his contribution to the corporation and Corvette, Harley Earl’s personal Corvette.
The PinkVette has generated a lot of green on its recent travels around the Northeast raising money to fight breast cancer.
The specially painted 1984 Corvette has spent the past 18 months as the cornerstone of the “Cruisin for a Cure” campaign that has already raised twice as much money as organizers had anticipated.
Dana Mecum’s favorite car has to be the Chevrolet Corvette, especially if solely based on the number of outstanding high dollar cars that were hammered down during the last four days of his third Dallas auction.
It was clearly evident that Corvettes carried the four-day auction and were the car of choice for collectors where a new record price was paid for a Corvette ($3.2M, a 1967 L88, fully documented former NHRA record holder and the only ’67 L88 to retain its original body panels).
Of the 172 Corvettes that crossed the block 106 were sold, a 61% sell through rate, for a combined hammer price of $9.106M. Though some buyers were able to grab some excellent bargains during the first two days of the sale, the last two days saw spirited bidding and prices well above average. Almost twenty Corvettes were hammered down above $100K. It seemed as though most restored second generation cars were selling between $100K to $150K and if the car had any rare options it was selling close to or above $200K.
Photo Courtesy of Mecum
On Saturday afternoon at the Mecum auction in Dallas, Lot #123 – a 1967 L88 Corvette Roadster from the Buddy Herin collection took center stage. After five minutes of auction banter, the documented 1-20 L88 Corvette Sting Ray became the highest selling Corvette to ever sell at auction with a gavel price of $3.2 million.
How would you like to drive a 1954 Corvette with approximately 500 horsepower?
Here’s your chance as a restomod version is currently up for sale on Ebay Motors, with a Buy It Now price of $49,500. As of 5 p.m. Thursday, there have been no bids on the car, which goes off the auction block on Saturday, Sept. 7 at 6:28 p.m. Pacific Time.
Right on the heels of his successful Monterey event which generated over $31M in sales, Dana Mecum is headed to the Lone Star state to host another auction extravaganza, September 4th through the 7th. This will be Mecum’s third year for his annual Dallas event held at the convention center and will be loaded with over 1400 collector cars featuring over a hundred Corvettes including several examples of the six generations.
One of our favorite models from the 1960′s is up for grabs this weekend at Mecum’s 2013 Dallas auction. It’s a rare Red/Red 1963 Corvette Sting Ray Coupe with the Z06 racing package. The Red Corvette Split Window comes from the Buddy Herin Collection which also is offering a 1967 L88 Corvette Convertible we featured last month.
We’ve been a little C7 heavy here lately so here’s a C2 to mix things up. Mecum Auctions will be offering an uber rare 1967 L88 convertible next month at their Dallas sale. The Marlboro Maroon on black roaster will be crossing Mecum’s red carpet about 2:30pm central time on Saturday, September 7th. It’s one of 11 cars being offered from the Buddy Herin collection that weekend in Texas. Get your banker on the phone now, because this one is going to be expensive, really expensive.
Barrett-Jackson’s 2013 tour rolls into Reno, NV this weekend for their first ever Hot August Nights auction. The event replaces their old Orange County auction from the previous few years. The diverse vehicle docket includes 34 Corvettes, all but one of which will be selling at no reserve. The three day event kicks off Thursday, August 8th and runs through Saturday, August 10th. SPEED and FUEL TV will have 18 hours of combined live coverage from the event.