Mecum Florida

[mchriscad]

Let me start this post by saying that my two year learning curve with selling cars through auction services has led me to only put the Mecum auctions on my calendar next year. That is about as nice as I can be about some of the other auction services out there.

The prices were through the roof in Florida for the quality, no issue, muscle cars. The Vettes in my opinion were still a little soft however a beautiful 67 435 sold for over $200,000. I watched a non X-code 69 Z sell for $74500. A NOM crossram sold for $97500. It was a relief for me and several others down there to see the reaffirmation of the market prices. I sold all four of my cars for over my reserve price so I was happy.

The sun was shining, the cars were selling, and the beer was flowing...It is amazing how much more fun this is when cars are selling!

[mchriscad]

Let me also add that the no-sale of ZL1 #36 was a disappointment. I like many others (including the owner) thought this car would break the 7 figure mark. It says nothing about the car, but only that the guy with the million in his pocket there wanted a Cobra instead!

[Enoch]

Do you know if the fathom green 69 L-89 camaro convertable sold or what it bid to?
Thanks, Rich.

[mchriscad]

I believe it was run up to the low 100s and it took $150? to buy it.

[Charley Lillard]

Green L89 convert bid to 150 and did not sell.

[Charley Lillard]

# 36 ZL1 bid to 525K and did not sell.

[Enoch]

Thanks Clill

[sYc]

How did the Turq. Gibb Nova do?

[SSJunkie68-69]

Is this the one that has been residing in New Jersey for the last couple of years that has only owner history with no other documentation? I believe the owner is a member on the board here.

[mchriscad]

I was busy when the Nova went across and did not get to see what it did. Complete auction results will be posted soon at www.mecumauctions.com (http://www.mecumauctions.com)

[L72COPO]

Tom, the turquoise Gibb/Harrell bid to 165 with a reserve north of 200.
Over all I thought the prices were strong with the good cars bringing top dollars and the not so good just sitting there. There appeared to be a lot of pressure on the owners to lower the reserves if the auction company thought they were close, I'm sure at that point they were negotiating lowered selling commissions. The best buy I saw was a 69 HO Z-28 that had been through all the judging at Carlisle and scored 92% sold for $84,000. The car was super nice and very correct. Most all the problems discovered at Carlisle had been corrected. Reserve was $90K but lowered on the block to get the sale.

[mchriscad]

A local guy here in Dayton, Ohio owned that Z. One of the best 69 Z's I have ever seen.
There is always alot of pressure on the block to sell a car, after all that is what we are all there for. The auction company knows the resereves are inflated in most cases and the seller knows the auction will negotiate if they are close. It is all part of the game.

[rich p]

Hey Don I was there and really didnt see to many top dollar cars sell. I felt like dealers were selling to each other and a few high dollar cars sold..
My guy bought the H.O Camaro and it is real sweet piece.
A lot of Vettes !!!
Everybody tells me about the Cobra but what other big dollar car sold ???

http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[L72COPO]

Others that were nice:
66 L79 Nova $65,000
70 442 W-30 convt $175,000
70 Nova L-78 $60,000
69 Z-28 White $96,000 nice but not as nice as the HO one at 84,000
66 GTO Conv $60,000
71 Cougar XR-7 429 CJ Ram Air $85,000
62 BelAir 409 409 $85,000

[stevenjuliano]

[ QUOTE ]
Hey Don I was there and really didnt see to many top dollar cars sell. I felt like dealers were selling to each other and a few high dollar cars sold..
My guy bought the H.O Camaro and it is real sweet piece.
A lot of Vettes !!!
Everybody tells me about the Cobra but what other big dollar car sold ???

HEY RICH....Please enlighten the world on what that cobra really was. there were 4 factory small block cobra dragonsnakes built. that car is NOT one of them. the purple car at mecum was advertised as a dragonsnake but in all reality it was just one of about 450 street cars. this one was converted to a successful drag car by its owners NOT from shelby american.

www.stevenjuliano.com (http://www.stevenjuliano.com)

[Stefano]

I heard that very nice L78 '69 Camaro Coupe was bid to approx. $100,000.00 and was a no sale across the block and that a nice Z28 with X-RAM brought about the same.

[rich p]

Im not saying stuff didnt sell. I just watch the Very High dollar cars and Phil's W-30 convert was one of the highest price cars besides the Cobra.
People are calling me about the auction and asking what did a car get up too. I cant answer that because its a RESERVE auction. Its not real bidding most of the time.
The car world is still strong but im my opinion when it comes to the HIGH priced muscle cars, their is not a big line to buy these cars. Like the ZL1 Camaro,nobody was in the house that would have paid 600-700K which we all know that would be a GREAT price for a 4 speed ZL1 unless there is problems with the car(im not aware of any on that car)The car will sell for his price but not like a year ago.
My phone has been ringing off the hook and so is other owners of some rare cars. These guys are in search of PEDIGREE cars.
Last year I was putting out fires with buyers who have gotten burned with cars(re-bodies,fakes etc) Guys are getting smarter and its harder to sell a car that has issues. The market is getting better, cause guys are not on planet Pluto with prices and are getting back to planet Earth and you will see buyers coming out.
Cars that are under 100K are moving but in my opinion at Mecum, they were a lot of dealers and a few collectors buying.

If you have a Highend car I would like to hear from them cause I might have your buyer and if you are a buyer I might have your car that you have been looking for...

Just my opinion guys!! http://www.yenko.net/ubbthreads/images/graemlins/flag.gif

[sixtiesmuscle]

Well said Rich.

[YENKO DEUCE REGISTRY]

Good comments Rich. If you dare, can define 'Pedigree'? Are there degrees of 'Pedigree'?

[mchriscad]

I am not saying this speaks for the rest of the auction, but of the 4 cars I sold 3 were to private "retail" buyers and of the 3, 2 were over $100000.

[PPPJJJFFF]

Thanks Rich for your opinion! It helps confirm some of my own thoughts.

Patrick

[njsteve]

[ QUOTE ]
Good comments Rich. If you dare, can define 'Pedigree'? Are there degrees of 'Pedigree'?

[/ QUOTE ]

I would imagine it would consist of a real car with no issues or rumors surrounding it, no gaps in ownership or miraculous resurections from the dead with no restoration photos to back it up (rebody). A car that has been known through a series of legitimate owners or one owner for an extended period of time. Real original paperwork and photos from the original owners. Legitimate low mileage that can be corroborated/documented by registration or warranty paperwork. Personally I'd prefer an unrestored car with a bunch of original grease, dirt and oil on the bottom so you could definitively say no one has messed with it over the years. I've never bought a finished car in 30 years of playing with these things. I always prefer the "diamonds in the rough." That way I know what I'm getting into.

[TimG]

I undrstand that the 1969 Corvette that Terry Carney owned sold for over $100,000. It was a very nice car with great ownership history and paperwork. http://www.yenko.net/ubbthreads/images/graemlins/smile.gif

[Rixls6]

That's great news Tim. http://www.yenko.net/ubbthreads/images/graemlins/biggthumpup.gif
I was hoping that car would sell to help his daughter out.

[redeuce]

I wonder how his War Bonnet Yellow Vette and Judge did.

[TimG]

I heard they did OK, not as well as the '69 Corvette. I understand that they brought $33,000 for the '73 and $66,000 for the Judge. They were both very nice cars, Terry offered the '73 to me in the low 30's and I always thought that was a good car at a fair price. I was temped to drive it home from Road America last summer, that was the first time I saw the '73. I'm sure it will be at Bloomington going for Benchmark soon.

[rich p]

Is that the original unrestored 73 Vette ? Cause a friend of mine bought that car if thats the one..

[TimG]

Yes, 454 four speed with AC and lots of other options. If I remember, it had 42,000 miles and original paint. Warbonnet Yellow with black leather. A very nice car that should be a Benchmark car. I hope to see it again some time.

[olredalert]

Tim,,,Glad to hear that Terrys cars did well. Im sure that will really help his daughters bottom line. Now, all there is to my knowledge are the Beswick Judge models. I have been wondering about the pro-mod style 37 Ford he had. I forgot all about it but know that it was last in Florida somewhere on consignment or in storage or something........Bill S

[redeuce]

I think he sold "Fatso". I think they still have the Black Vette in the garage and the big U Haul truck. I went by his house last week- I didn't stop, but it looked like no one was around. I can't remember if I saw his old "Monte Carlo in the bubble"

[Camaro Billy]

I posted this in the "other events" forum, but this thresd is more active-
Here is a link to the shots I took at the Mecum auction last week.Almost all were of the Camaros being sold.On most of the cars I tried to get a shot of the car, then the auction description, trim tag, and then any misc. shots of the car. They are not all in order, but mostly follow this format.
Billy
http://www.dotphoto.com/Go.asp?l=lynnmckee&P=B817&AID=4284815&Pres=Y