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Mecum

The Bid Goes On for the Featured Corvettes at Mecum's Seattle Auction

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.

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The Last C1 Corvette to be Auctioned at Mecum Seattle

by Keith Cornett on June 13, 2014

The Last C1 Corvette to be Auctioned at Mecum Seattle

Much of the hoopla surrounding Mecum’s inaugural Seattle auction this weekend is focused on the 1967 L88 Corvette, a ’63 Z06 tanker and several other prized Corvettes. But after reviewing their online catalog, we found this little gem cruising just under the radar.

On Saturday, Mecum will offer a 1962 Corvette was the last first generation Corvette ever built.

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Mickey Thompson's 1963 Corvette Z06 Up for Grabs at Mecum's Seattle Auction

Clearly Mecum’s Seattle auction is shaping up to be a blockbuster for Corvette enthusiasts. In addition to the L88 “double feature” we reported earlier this week now Dana Mecum and his team have added another rare Corvette to their first ever Seattle event, Mickey Thompson’s personal 1963 Z06.

On June 13th and 14th, Corvette collectors can bid on a 1967 L88, a 1969 L88, and Thompson’s 1963 Z06. These are some of the rarest, most coveted and most valuable Corvettes ever produced. There’s not much more Mecum could throw into the equation to make it any more exciting for Corvette collectors unless they could find a ZL1 or an original Grand Sport to add to their other three bluechip Corvettes.

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Mecum to Offer a Fathom Green 1969 L88 Corvette Coupe at its Seattle Auction

A few weeks ago we told you about an exceptional 1967 L88 Corvette Coupe scheduled to cross the block in Mecum’s inaugural Seattle auction

Anytime an L88 Corvette is scheduled to be auctioned it is worth the trip, if not to bid but just to drool. As we reported Mecum will be auctioning an impeccable 1967 L88 that might just shatter the current world’s record. And now if that weren’t enough Dana Mecum has decided to make this an L88 “double feature” adding a third generation L88 to be sold Saturday, June 14th. This one is a documented and restored 1969 Fathom Green coupe with 15,480 miles which are believed to be original.

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Mecum Cancels Bloomington Gold Corvette Auction

by Keith Cornett on May 27, 2014

Mecum Cancels Bloomington Gold Corvette Auction

In just one month, classic Corvettes from across the country will converge on the campus of the University of Illinois in Champaign, IL for the annual Bloomington Gold Corvette Show. Unfortunately, those looking to buy a Corvette during the annual auction will have to attend another venue as Mecum has announced they have canceled the traditional all-Corvette sale due to lack of interest.

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Blue Chip 1967 L88 Corvette to be Featured at Mecum Auction in Seattle

Now that Mecum has wrapped up their 27th Annual Spring Classic in Indianapolis, Corvette enthusiasts are looking forward to the latest addition to Mecum’s already extensive schedule of collector car auctions, this one in Seattle. And the reason for the anticipation is that one of the “bluest” of blue chip Corvettes will cross the block on Saturday June 14th, one of only twenty 1967 L88′s ever produced. Rarely do these special Corvettes ever change hands and when they do a world’s record price is usually at risk of being broken.

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Corvette ZR1's Invade Indianapolis in Mecum's Upcoming Spring Classic

Like a scene out of Steven King’s novel “Children of the Corn”, it’s not children but rather Corvette ZR1’s that will invade Indianapolis May 13th through May 18th at the Indianapolis Fairgrounds when Dana Mecum kicks off his 27th annual Spring Classic auction. Though only a portion of the consignments have been listed at this point it appears that Mecum has cornered the low mile ZR1 market and will be sending them across the block.

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1967 McNamara Corvette Sells for $725K at Mecum

Enthusiasts were treated to three days of excitement last week when Mecum presented their second major collector car auction of 2014, April 10th through the 12th in Houston.

The heavily promoted prototype Ford GT40 was hammered down at $7M and TV viewers got to see it on live TV. It was the highest price ever hammered down for an American car being broadcast on “live” TV. And though that was impressive, it was actually more exciting to watch former Viet Nam veteran Don McNamara’s pristine, 2997-mile Corvette hammered down for $725K ($797.5 including commissions). Along with the McNamara Corvette, Mecum sold 61 of the 101 Corvettes consigned, a strong sell through for Corvettes.

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Deciphering the Confusing 2014 Corvette Collector Market

In a few days two prophetic auctions will take place that collectors of Corvettes will want to keep their eyes on whether they plan to bid at these auctions or not. The two biggest sellers of collector Corvettes in the country, Mecum and Barrett-Jackson will be holding their second important collector auctions of 2014. The reason these auctions are important is because after some mixed and difficult to interpret first quarter Corvette auction results, we should get a better read on the Corvette collector market and where it is headed for this year. After a spectacular 2013 which saw new records set on “blue chip” Corvette prices, and while the Corvette segment of the collector market was strong for most rare and well optioned cars, at this point it is difficult determine whether last year’s strong market tends will continue for 2014.

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Via CorvetteVideos.TV

Corvette Nation’s Michael Brown (Director of The Quest) visits Mecum’s Dallas 2013 Auction and takes us inside a very unique car collection owned by the late Mr. Buddy Herin. This Corpus Christi, Texas resident was the seller of the 1967 L88 Corvette which set a world record price at $3.2 Million for a Corvette sold at a public auction. Also included in the collection is a 1957 “Air Box” Corvette, a 1962 big brake fuelie Corvette and a 1963 Red/Red Corvette Z06.

Visit CorvetteVideos.TV for the best selection of hand-picked Corvette videos.

 

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