Mecum’s first-ever Austin, Texas, collector car auction held this past weekend was well-received by enthusiasts from the live-music capital of the world evidenced by excellent sales results with a near-70 percent sell-through rate and $14,668,347 in total sales. The anticipated offering of 600 vehicles was far exceeded as 660 vehicles crossed the auction block in just two short days, further demonstrating the enthusiasm collectors had for Mecum’s presence in Austin. Putting a cap on the 2014 auction schedule, sales from Austin brought totals for the year to a record $330 million with 76 percent of offered lots sold.
“The volume of consigned cars greatly exceeded our expectations for the inaugural Mecum Austin Auction, which resulted in a fantastic finish to a record year for Mecum Auctions,” said President and Founder Dana Mecum. “With more than 2,100 registered bidders and 10,000 energetic spectators, these stats are a testament to the strength of the collector car market in Austin and the state of Texas as a whole. The year 2014 was a banner year for growth and achievement for our company, and with big plans for 2015, we’re excited to continue raising the bar.”
Individual sales in Austin were topped by a one-owner 2006 Ford GT (Lot S99.1) with 267 miles that brought a $310,000 high bid. Other notable sales included a four-speed 1970 Plymouth Hemi Cuda (Lot S125) that gaveled at $275,000, a 1969 Chevrolet COPO Camaro(Lot S95.1) that brought $170,000 and an unrestored 1967 Mercury R-Code Comet (Lot S98) with just 2,004 miles that hammered at $169,000. A 2005 Ford GT (Lot S166.1) sold for $269,000 and a truly stunning and excellently executed 1955 Chevrolet 3100 Resto Mod pickup (Lot S106) brought $142,500.
The complete top 10 sales at Mecum’s Austin auction includes (all individual sales reflect hammer prices):
2006 Ford GT (Lot S99.1) at $310,000
1970 Plymouth Hemi Cuda (LotS125) at $275,000
2005 Ford GT (Lot S166.1) at $269,000
1969 Chevrolet COPO Camaro (Lot S95.1) at $170,000
1967 Mercury Comet 202 Sedan (Lot S98) at $169,000
1963 Chevrolet Corvette Split Window Coupe (Lot F156.1) at $165,000
1970 Chevrolet Chevelle LS6 (Lot S111) at $145,000
1955 Chevrolet 3100 Resto Mod (Lot S106) at $142,500
1968 Ford Shelby GT500KR Fastback (Lot F252) at $127,500
1955 Mercedes-Benz 190SL Roadster (Lot S116.1) at $125,000
Mecum will kick off 2015 with 750 vintage and antique motorcycles to be offered at the 24thannual Las Vegas Motorcycle Auction Jan. 8-10, followed by the world’s largest collector car auction in Kissimmee, Fla., Jan. 16-25 with 3,000 vehicles expected to cross the auction block at Osceola Heritage Park.
Mecum Final Auction of The Year
Source: www.mecum.com