Mecum’s Indianapolis sale wrapped up a little over a week ago and the numbers are in. The 32nd annual Spring Classic brought in a record $70.4 million with 1,189 cars finding new owners. While the Steven Juliano collection headlined the show, Corvettes had a strong showing in Indy commanding a total of $4,856,775 in sales. Once again, our good friend Marshall Fancher from Vette-N-Vestments has summarized the results for our perusal and analysis.
Once the dust settled 101 of the 184 Corvettes in Indy sold which translates into a healthy 55% sell through rate. Interestingly, 25 of those Corvettes bid to over $100,000.
The top Corvette seller was a superb LT4-powered 1967 restomod coupe which hammered for $330,000. A yellow 40k-mile Bloomington Survivor 427/435 convertible ended up in second place at $187,000 while stunning Blue/Blue 340hp 1963 coupe came third with a strong $143,000 bid.
The average price of the top 12 Mecum Indy Corvettes was $130,167. The least expensive Corvette to change hands was a 1985 coupe that sold for just $3,850.
The top 12 Corvettes in Indy were all C1 or C2 Corvettes. 1963 and 1967 cars continue to be hot as they occupied 8 of the top dozen slots. Previously we’ve seen a bias toward restomods topping the charts, but only 2 of them – the 1967 already mentioned and a black 1954 – made the top 12 this time. The other 10 cars were either unrestored original or meticulously restored back to stock form.
Notable no-sales included the 1969 L88 pair that did not meet reserve at $725,000. A 1966 restomod failed to sell at $200,000 and the 1967 restomod we previewed fell short at $190,000.
Here’s a closer look at the top 12 Corvette sales from Mecum Indy 2019:
Next up Mecum heads to Portland, Oregon June 21st and 22nd where they plan to offer 500 or so cars.
Source:
Vette-N-Vestments
Related:
1967 Corvette Restomod Convertible Up for Grabs at Mecum Indy
Pair of 1969 Corvette L88 Convertibles Being Offered as One Lot at Mecum Indy
[GALLERY] Midyear Monday! Mecum Kissimmee Edition (62 Corvette photos)
-
