Mecum Auctions blows into the Windy City this weekend for their annual sale. This year they christen a new location with 1,000 vehicles including over 90 Corvettes. The 3-day event kicks off Thursday, October 10th and runs through Saturday, October 12th at the Schaumburg Convention Center. Velocity will have 16 hours of live coverage from Chicago.
A rare 1957 Corvette featuring the 283/283 hp (RPO 579E) fuel injection sold for $290,000 at Mecum’s 2013 Dallas Auction.
This Onyx Black roadster is one of only 43 “airbox” Corvettes produced in 1957 which offered a new fuel injection system helping the 283 Cubic inch engine attain the mythical “one-horsepower-per-cubic-inch” threshold for the first time.
The ’57 Airbox Corvette was part of the Buddy Herin collection which also saw the record-breaking $3.2 million sale of the 1967 L88 Corvette Sting Ray at the same auction.
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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.
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.
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.
The Mecum auction is one of the main attractions at Bloomington Gold each year. This year over 100 Corvettes representing all 6 generations arrived in Champaign in search of new homes. If you didn’t find what you were looking for in the Bloomington’s GoldMine, odds are that you could have found it running through the auction tent. Read on to see the top 11 Corvette sales at the 2013 Mecum Bloomington Gold auction.
Bloomington Gold’s long awaited move to Champaign, Illinois took place last weekend as the show celebrated its 40th anniversary there. It was a year of firsts in 2013: the first year in a new location, the first year for the GoldAutocross, the first year of a new judging schedule, and the first year for the C7’s to attend. Our wrap up from Bloomington Gold 2013 awaits you after the break.