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Mecum Auctions

By   /   February 20, 2012  /   1 Comment

Mecum Car Auction

Mecum marked its 25th year in business at the 2012 Kissimmee auction, which offered 2,158 vehicles – the most in the company’s history. It broke records in almost every category, including the number of people attending, auctioned vehicles, registered bidders, purchased vehicles and total sales.

1963 Shelby Cobra Dragon Snake

The most expensive car sold at the Mecum auction was a 1963 Shelby Cobra Dragon Snake that sold for $850,000. This model was the 93rd Cobra built and has the distinction of being among only eight cars customized with Shelby’s Dragon Snake package, designed to optimize its performance in drag races. This classic car, called “the winningest competition Cobra in history,” won numerous races including seven NHRA national events and the 1966 NHRA World Championship.

The second most expensive car sold was a 1969 Chevrolet Corvette L88 convertible, which sold for $610,000. This Daytona yellow convertible with a black interior and a black vinyl hardtop has its original 427/430 horsepower L88 engine and four-speed transmission. Moreover, it is among only 116 L88-equipped Corvettes built in 1969 and has a mileage of only 20,000 miles. This costly Corvette received numerous honors including the 2009 NCRS Top Flight award.

Top-Priced Corvettes Sold

1969 Chevrolet Corvette L88 Convertible

Almost 300 Chevrolet Corvettes were offered and several were among the highest-priced cars sold. For instance, a 1967 tuxedo black L71-equipped Corvette coupe sold for $275,000. This 1967 coupe features a rare saddle leather interior.

A 1969 LeMans blue Corvette L88 coupe with a bright blue leather interior sold for $270,000. The L88 pumped out 560 horsepower and was among the most powerful automobiles to come out of Detroit. This model, restored by Houston’s renowned Nabers Brothers, was one of only 116 built.

Another high-priced Corvette featured at the auction, a custom red 1963 Corvette split-window coupe built by Rich Lagasse, sold for $255,000. This work of art, which required more than 15,000 hours of labor to complete, was named “America’s Best Vette-Rod” by “Corvette Fever.”

A marina blue 1967 Corvette convertible with a bright blue interior sold for $ 227,500. This car lover’s dream is entirely original inside and out. Incredibly, it still has the original factory-installed non-DOT Uniroyal Laredo whitewall tires, owner’s manual, radio instruction tag and keys.

Additional Top-Priced Classics

Additional top-priced cars purchased at the auction include a very rare 1930 Packard 745 Waterhouse, which sold for $225,000. Only three of these models are known to exist in the world, which makes this 1930 Packard – even with its high-price tag – a bargain. Another Packard model, the 1941 Packard Darrin 180 convertible Victoria, sold for $220,000. The Darrin, designed by automotive stylist Howard “Dutch” Darrin, was deemed “The Glamour Car of the Year” by the “Saturday Evening Post.”

Whether car enthusiasts were searching for a classic muscle car or a glamorous automobile from past eras, the Mecum Auction in Kissimmee offered a vast number of choices. With record-breaking sales of nearly $60 million, this event proved to be one of the best car auctions of 2012.

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1 Comment

  1. Saidi says:

    It depends on the type of genornmevt auction. If it is an auction by the federal genornmevt, then it is probably property that is being held by the bankruptcy trustee. This happens when someone (individual or corporation) files for bankruptcy. The other way it happens is if the genornmevt (say the DEA) seizes the property. In either event, the genornmevt will auction the property. If it does not sell then the genornmevt will either use the property itself (such as the IRS using cars seized by the DEA), or it will sell the property for scrap. If this isn’t possible, then the property may be thrown away. State and local auctions are similar.

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