Overall Mecum’s first trip to Seattle was met with an over flow of enthusiastic bidders and collectors. Mecum obviously worked overtime to offer their customers a varied assortment of excellent collector cars. When the curtain came down Mecum had to be pleased with their initial foray into the Pacific Northwest setting a world’s record for a muscle car when a 1971 Plymouth Hemi Cuda was hammered for $3.5M. It was obviously a muscle car market since it definitely was not a Corvette market.
Mecum put together a dynamite docket of outstanding investment level Corvettes for their introductory event in the Northwest and though there was strong bidding for a some of the Corvettes, the majority of bids did not meet the consignor’s reserves and 65% of all Corvettes offered over the two day event went unsold and none of the four featured Corvettes sold.
Another indication of disappointing results for Corvettes was the fact only one Corvette was able to make the top-ten list, a 1958 restomod. That is almost unheard of for the world’s largest Corvette seller who typically has almost half of the top ten occupied by America’s sports car.
READ MORE →