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.
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.
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.
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.
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A ZR1 coupe, one of the rarest Corvettes ever produced, will cross the block in Houston at Mecum’s three day auction April 10th through 12th. The 1972 Corvette ZR1 is one of only twenty produced and one of less than ten actual numbers matching production cars known to exist.
The Elkhart Green with saddle interior award winner is fully documented and has two tank stickers and is part of the Bloomington Gold Special Collection. With only 16,300 miles the car has the matching numbers LT1 engine, M22 “Rock Crusher” 4-speed transmission, J56 and F41 heavy duty brakes and suspension. It will cross the block on Friday, April 11, at Houston’s Reliant Center.
It appears that Mecum is off and running for 2014 after a weather induced slow start in Kissimmee. Their Houston event is shaping up to be typical of the high quality consignments that usually characterizes their events with some outstanding Corvettes scheduled to cross the block from Thursday, April 10th through Saturday, April 12th.
As I was reviewing Mecum’s latest on-line catalog, two Corvettes jumped off the page to capture my attention.
Certainly no Corvette enthusiast could ignore the Bunkie Knudsen Corvette, after all it is not only the auction headliner, it is one of the most interesting Corvettes ever made, as well as the personal car for then Chevrolet General manager Bunkie Knudsen. The second Corvette, perhaps not as well known, is the stunning 1967 Corvette coupe once owned by former Marine and Viet Nam veteran, Don McNamara, and put into storage with less than 3K miles on it, has a bullet proof provenance and literally may be the finest 1967 “survivor” in existence.
The January collector car auctions in Arizona and Florida each year help set the tone for the rest of the auction year. Once again there were plenty of high end Corvettes and eager bidders to go around as 6 and 7-figure bids were quite common. We’ve already taken a look at the Mecum Kissimmee results, but how do they stack up against all of the other January sales? Click past the jump to find out.
The “Real McCoy” $2.3M Sale Postponed During Dispute of Ownership on Parts
More than the weather failed to cooperate for the world’s largest collector car auction, Dana Mecum’s 2700 car Kissimmee event held January 17th through January 26th. Each year hundreds of Corvettes change hands during the ten day event as thousands of collectors and enthusiasts leave the cold weather blanketing most of the country and make their pilgrimage to the event in sunny, warm Florida. This year, though hundreds of airline flights were cancelled due to the weather, the pilgrimage still managed to take place even though the pilgrims were greeted with sunny but not very warm weather in Florida, the attendance slipped by over 6% and sales dropped by over $8M, down 11.4%.
We knew that the 1956 Corvette that some have dubbed “the Corvette that saved the brand” should go for big money when it was auctioned at Mecum Kissimmee and we were not disappointed.
The hammer fell on Saturday afternoon with “The Real McCoy” reaching a high bid of $2.3 Million, catapulting the little white roadster with the rumbling V8 engine into the top five list of Corvettes sold at auction.
America may never know a time like the 1960s when our nation was on a frantic race to reach the moon before the end of the decade.
This weekend at Mecum Auto Auctions in Kissimmee, Florida, someone will be able to buy a piece of space exploration history when Virgil I. “Gus” Grissom’s 1967 Corvette goes on the block.