The 2014 auction season is off and running and if the first few days’ results are any indication this year is going to set records in prices and attendance. Barrett-Jackson kicked off the season on Sunday, January 12th, with their legendary auction extravaganza and so far have seen attendance jump by 25%. In addition the prices paid have set a precedent for the highest for initial first few days, days traditionally know for “bargains”.
When Harley Earl left General Motors in 1963, he was gifted with this unique Corvette Sting Ray Convertible that was customized to his interests by the style department he originally created. The Harley Earl Corvette was the featured vehicle at Mecum’s 2013 Chicago auction and a little after 3pm ET on Saturday afternoon, the hammer fell with the sold price reaching $1.5 million.
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.
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.
Mecum Auctions held their annual 2013 Spring Classic last month in Indianapolis. Over the course of the event, the Mecum team rolled 1,716 vehicles across the block. Of those, 1,156 were hammered sold for a 68% sell-through rate. We already told you about the black and blue 1967 convertible which sold for $610,000 to take top Corvette honors. Click past the jump to see the other top Corvettes from the 2013 Mecum Spring Classic.
Dana Mecum’s spectacular annual Spring Indy Auction is now history and though the auction set pricing records with two Mustangs that sold for over a million dollars each, it was more of a “mixed bag” when it came to Corvettes.
It was really no surprise to see the 200 quality Corvettes Mecum uncovered and offered for sale just prior to his Bloomington Gold Events which is totally Corvette focused. And it was the quality level of Corvettes which accounted for the good and bad news.
One of the most decorated mid-year Corvettes hit the auction block at Mecum’s 26th Annual Spring Classic last Friday and the results were nothing less than spectacular. Up for sale was the Triple Crown award winning 1967 Corvette Convertible known as “Black ‘n Blue” for its Tuxedo Black exterior highlighted with a Blue hood stinger, Blue convertible top and a Blue interior. When the hammer fell, the Corvette was sold for $610,000.
Mecum Auctions’ occupation of central Florida wrapped up last weekend after a 10-day bender of sunshine and vehicle sales. Their first event of 2013 tallied 2,610 cars traversing the red carpeted auction block with roughly 70% of those going to new homes. A total of 402 Corvettes (15% of the total docket) were available and 62 of them drew bids of $100,000 or more.