Classics Happy New Year, Mecum! Kissimmee Collector Car Auction Sees $96.6 Million in Sales

19:02  29 january  2018
19:02  29 january  2018 Source:   hotrod.com

1956 Jaguar D-Type Could Go For $10 Million At Auction

  1956 Jaguar D-Type Could Go For $10 Million At Auction It was owned by Bernie Ecclestone and is almost completely original. Arguably one of the most iconic Jaguar vehicles ever built, the D-Type made its debut in 1954. Though production of the sports car lasted just three years, the Jag recorded wins at Le Mans, Sebring, and various other tracks before hanging up its helmet for good. All told, just 53 customer cars were built alongside the 18 factory team cars – and at least one of those examples has come up for sale. Research Research New Used New & Used Make (e.g. Cadillac) Model (e.g.

This year ’s sales totaled $ 96 . 6 million and counting, as some sales are still being finalized in the process that Mecum calls The Bid Goes On. This is one of the largest collector car auctions on the planet. The Mecum format puts between 275 and 300 cars on the auction block on a full day, with

Kissimmee Collector Car Auction Sees $ 96 . 6 Million in Sales . Car Craft’s List of the 27 Coolest Things at the 2018 Mecum Auction in Kissimmee .

The hammer falls, the auctioneer yells, "SOLD! SOLD! SOLD!" and everybody is happy. This year Mecum's Kissimmee auction featured more than 3,000 vehicles, with more than 2,200 of them sold over a 10-day window that started January 5, 2018. The event in Osceola Heritage Park on the outskirts of this Florida town has become an annual destination for both serious car collectors and general enthusiasts. This year's sales totaled $96.6 million and counting, as some sales are still being finalized in the process that Mecum calls The Bid Goes On. Those are big numbers, although it appears there's some ongoing market correction at the moment.

World’s largest collector car auction takes place in Florida

  World’s largest collector car auction takes place in Florida Over 3,000 collector cars to cross the block in Florida The classic cars to buy now before it’s too late

Happy New Year , Mecum ! Kissimmee Collector Car Auction Sees $ 96 . 6 Million in Sales . Car Craft’s List of the 27 Coolest Things at the 2018 Mecum Auction in Kissimmee .

(January 18, 2018) — Mecum Auctions ’ annual collector - car auction in Kissimmee , Fla., has long held the title of “world’s largest,” and this year ’s auction again raised the bar, taking the collector - car auction market to new heights.

Research

chevrolet camaro
chevrolet camaro

This is one of the largest collector car auctions on the planet. The Mecum format puts between 275 and 300 cars on the auction block on a full day, with the event running from a 9 a.m. opening time to sometime in the evening. The crew puts in a long stretch, with auctioneers rotating out often and all workers getting a break every hour. The idea is to display enthusiasm, and the Mecum people spend what it takes to offer an experience as trouble-free as possible for buyers, sellers, and attendees. So even if you don't have a spare million to bid on big-ticket iron, you can come in on a general admission ticket to see a "car show" with someplace above a potential $100 million in value, enjoy a thrill ride in a new Dodge, watch special activities, check out the midway and sponsor displays, and witness the flurry of action from the stadium-level seats as the cars cross the block.

1966 Shelby 427 Cobra S/C Sells at $2.94 Million at RM Sotheby’s Scottsdale

  1966 Shelby 427 Cobra S/C Sells at $2.94 Million at RM Sotheby’s Scottsdale Preston Tucker’s Tucker 48 is runner up at $1.79 millionAs bidding fell flat at $9.8 million on Saturday evening, it became clear that the reserve would not be met, leaving RM Sotheby's high sales award with the '66 Shelby 427 Semi-Comp Cobra and its $2,947,500 winning bid, some half-million dollars over the top estimate. Semi-comp Cobras are rare—the result of Carroll Shelby converting left-over competition cars for street use, after failing to meet FIA homologation requirements.

WALWORTH, WI – January 17, 2018 – (Motor Sports Newswire) – Mecum Auctions ’ annual collector - car auction in Kissimmee , Florida, has long held the title of “world’s largest,” and this year ’s auction again raised the bar, taking the collector - car auction market to new heights.

New shows on Motor Trend on Demand! Hot Rod Network - 5 hours ago Just when you thought there was tons of See more news matching 'streetoutlaws'. This RSS feed URL is deprecated. - 21 minutes ago (By Greg Rourke) – Day Two cars …I love ’em. Today so many cars from the Golden Age of

How is muscle faring in 2018? Let's take a look.

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Money Talks

There were some big sales in 2018, led by a pair of ZL1 Camaros that found a new home on Friday with final selling price of $1,210,000. This was an interesting offering featuring two of the mere 69 aluminum-engined COPO machines as a single lot. Considering what a single example has done in the past, this was a pretty solid sale. Both retained their original engines, amazing when you consider that most of them were damaged in rpm-related incidents. Both now restored, one was from the small group of 13 that dealer Fred Gibb sold himself (most of Gibbs' 50-car order was reassigned by Chevrolet), and the other came from a Virginia dealer and showed only 361 miles. It would be the highlight of American muscle this year and the third highest value lot of 2018 behind two Ferraris.

Hitler’s 1939 Mercedes 770K limo spotted in tony Seattle suburb

  Hitler’s 1939 Mercedes 770K limo spotted in tony Seattle suburb Just what it was doing there is a mystery — the buyer is "far, far away."Well, according to the Seattle Times, it was spotted recently in a neighborhood in Medina, Wash., a wealthy enclave home to the likes of Bill Gates and Jeff Bezos. It's the same Tourenwagen, license plate "1A 148 461," that went on the block back in January in Scottsdale at Worldwide Auctioneers.

Mecum Auctions ’ annual collector - car auction in Kissimmee , Florida, has long held the title of “world’s largest,” and this year ’s auction again raised the bar, taking the collector - car auction market to new heights. The World’s Largest Collector - Car Auction Continues Climbing to New Heights.

Sports Car Digest - The Sports, Racing and Vintage Car Journal. Auctions . Auction News. The Mecum Kissimmee 2018 auction was held January 5-14 at Osceola Heritage Park in Kissimmee , Florida, resulting in $ 96 . 6 million in total sales and a 73 percent sell-through rate.

Top-selling Ford was the 1965 Gas Ronda A/FX Ford Mustang from the Nick Smith collection. Again, a factory-associated car with a rare motor (the SOHC 427), this car was built by Holman-Moody as the car show display vehicle, but Ronda got it early in the year after wrecking his first example in pre-season testing. The car sold for $324,500. Fords were among the healthiest sellers this year. Mercury sales were led off by an unrestored Boss 302 Cougar Eliminator from the Wayne Schmeeckle collection, which hammered out at $121,000.

Aero cars would be the chart-toppers for the Mopars, with a Hemi Superbird selling for $275,000 and a 440ci Daytona finishing at $253,000 for Plymouth and Dodge, respectively. There was a solid selection of Chryslers at this year's event, though a number of owners decided to wait another day when the cars did not reach reserve. Top car in The Bid Goes On category was the 1965 Dick Landy Dodge, also from the Nick Smith Collection. This car was heavily promoted (as was the whole collection), but a $500,000 final call was not enough to find new ownership.

Barely Driven Bugatti EB110 GT Estimated To Auction For $950,000

  Barely Driven Bugatti EB110 GT Estimated To Auction For $950,000 A mere 2,820 miles (4,540 kilometers) have been driven.At the upcoming RM Sotheby’s Arizona auction in January, this rare and well-kept Bugatti EB110 will cross the auction block. It’s had only one owner since new, and has driven a mere 2,821 miles (4,540 kilometers). Under the hood is the factory-derived, quad-turbocharged 3.5-liter V12 producing 550 horsepower (410 kilowatts). From a standstill the EB110 has the ability to sprint to 62 miles per hour (100 kilometers per hour) in just 3.6 seconds, and continue on to a top speed of 213 mph (343 kmh).

While that $ 96 . 6 million figure appears to fall just shy of the 0 million mark, unlike most auction companies, Mecum does not include buyer’s fees in its sales reports, so in more typical collector car auction terms, the Kissimmee 2018 sales total more likely would be around 5 million

Mecum Auctions ’ annual collector - car auction in Kissimmee , Florida, has long held the title of ‘world’s largest,’ and this year ’s auction again raised the bar, taking the collector - car auction market to new heights.

Top of the GM charts after the Chevrolets was $242,000 for a beautiful 1962 Super Duty Pontiac Catalina, which was not a vintage race car. A 1971 Olds 4-4-2 W-30 convertible took home a winning total of $134,750, and top muscle Buick was the very rare (one of two) 1970 GS455 Stage II race car, whose $115,500 tally was behind two 1950s-era Buicks that brought a bit more. AMC's top seller was a SC/Rambler at $66,000.

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What Market?

Frankly, the stock market. There was some price market correction this year, but with the stock market at record highs and the overall economy soaring, the "big money" was not flowing freely. History bears out that collectors who have a balanced portfolio are presently investing their money in the stock market, in real estate, and, in anticipation of the upcoming tax benefits, in business.

For example, let's look at the Hemi Mopar market. The two Superbirds that sold were both Hemi models, both column-shift automatics, and both under $300,000. Several Hemi E-Bodies were on hand, none topping the $300,000 margin at auction, with a very original 1970 model in orange at $225,500 as top seller. The $143,000 purchase price on a one-of-one Plum Crazy four-speed Super Track Pack 1970 Coronet R/T hardtop was also stunning. Although the car was available for the first time ever and promoted at both MCACN and in event advertising, no high-rollers pushed the car into the stratosphere. With the Hemi market at its hottest in recent years, this adjustment is likely temporary, but it seems to be a real-world change for now. Nonetheless, solid restored B-Body midsize Hemi models sold all week long in the $70,000-$100,000 range or better, so for people looking to sell, there were buyers.

2017 Ford GT Nets $2.55 Million for Charity at Barrett-Jackson

  2017 Ford GT Nets $2.55 Million for Charity at Barrett-Jackson Porsche 918 Spyder and Ferrari 212 Europa top for-profit salesBarrett-Jackson is just one of the several auctions running during what's become known as Scottsdale Auction Week, but no other auction house touches this kind of volume. With over 1,700 vehicles crossing the block all through the week, Barrett-Jackson sold $106.8 million worth of cars, plus another $10 million in charity vehicles and automobilia.

Walworth, WI --. Mecum Auctions ’ annual collector - car auction in Kissimmee , Florida, has long held the title of “world’s largest,” and this year ’s auction again raised the bar, taking the collector - car auction market to new heights.

AUCTION WRAPUP: Mecum Kissimmee . Mecum Auctions ’ annual collector car auction in Kissimmee , Florida achieved million in growth over last year ’s auction , Mecum Kissimmee 2018 saw 2,208 vehicles hammer sold from Jan.

Prices realized on other brands followed suit, with the traditional postwar classics (such as Mustang and Corvette) faring solidly. Fords in general were strong this year, including an R-code Galaxie 500XL convertible, the one-off New York World's Fair display car, which topped $200,000. Low-mileage unrestored or lightly touched models of any brand continue to be in demand.

A fair number of higher-valued cars ended up in Mecum's The Bid Goes On program this year when prices did not materialize to the seller's desired level. That said, from the auctioneer's platform would come an announcement like, "We just sold the Corvette" (or Mustang or GTO or whatever), showing that buyers were quickly making successful offers at the Bid Goes On office to buy cars they wanted even if a second bidder had not been interested in pushing the price forward on the block. In the end, prices overall seemed to be reflecting that people were buying but were not "investing" in the way they have in recent years. In our opinion, that money is likely on Wall Street right now.

Collections Sell Well (But Some Get Dragged Home)

This event is noted for groups of cars from single collections being offered on specific days, and three muscle collections in particular were highlights. Wayne Schmeeckle of Colorado had a wonderful group of low-mileage Fords and Mopars, and Kayo Erwin from Chattanooga likewise had several low-mileage muscle Chevrolets in his mix. Nick Smith's Factory Lightweight Collection showcased some of drag racing's most historic cars. All three owners sold cars for excellent prices, though all took a few home as well. Schmeeckle's amazing 823-mile 1971 Boss 351 topped his sales at $192,500, but his two Bill Stroppeprepped Broncos also impressed when they both topped $100,000 each. For Erwin, a Z-16 Chevelle was top-seller at $280,000, but his incredible 1966 L79 Nova SS with less than 7,000 documented miles powered up to $187,000, and then $172,500 allowed a new owner to take home his 7,900-mile 1963 409 Impala SS.

There's an All-Original 1970 Plymouth Superbird Headed to Auction

  There's an All-Original 1970 Plymouth Superbird Headed to Auction This is a rare chance to own muscle car royalty.The Plymouth Superbird is muscle car royalty. When it came out back in 1970 with its aerodynamic nose cone, ridiculous spoiler, and a horn that made the same sound as the famous Road Runner cartoon, it stunned the motoring community. Legend says the whole reason the car was built was to motivate Richard Petty to race for Plymouth again—and it worked.

Mecum Auctions ’ annual collector car auction in Kissimmee , Florida achieved million in growth over last year ’s auction , Mecum Kissimmee 2018 saw 2,208 vehicles hammer sold from Jan. 5-14 for overall sales totals of $ 96 . 6 million . With 3,023 vehicles crossing the auction block, the

20, 2017 – Mecum Kissimmee 2017, the world’s largest collector - car auction held Jan. 6-15, at Osceola Heritage Park in Kissimmee , Florida, achieved more than million in total sales (including buyers premium).

However, Erwin took home a good portion of his vintage drag cars, and Smith sold just a handful of his, with the aforementioned Gas Ronda 1965 A/FX and a 1964 Thunderbolt for $302,500 being the top sellers. The upper-end vintage drag car market seems to have cooled, perhaps partly because of the older age of their true enthusiasts. Also, they're not practical drivers and require some maintenance to keep in top tune; it's not a place for everybody. Smith's cars were among the most famous in drag racing history; several, had they sold at the final bids tendered, would have easily made the Top 25 of all sales for the event. As it is, he decided to wait for another day.

To Mecum's credit, the racing collections were well advertised and beautifully presented to the public, but they simply were not what buyers wanted this time around. Whether there's a more permanent correction to this sector of the market remains to be seen; it wasn't for a lack of trying.

An interesting approach Mecum had this year was to offer an assorted group of cars each morning in a Special No Reserve collection. Far from discount window goods, these were Shelby Mustangs, big-block convertibles, some nice modifieds, even a 1966 Hemi Charger. The top seller was a yellow G.T. 500KR at a reasonable $137,500, with most selling in the $30,000-$70,000 range. These groups brought buyers to the show and were a popular display on the midway.

One additional note is in order. Modified muscle cars, vehicles with show-level prep and remotoring to modern engine designs or larger-displacement legendary engines, showed big spark in 2018. Several topped the $100,000 mark, perhaps a harbinger that some new owners are looking for fun rather than chasing after OE authenticity.

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Finish Line

We normally showcase the higher-valued sales, but many deals at midweek sold for less than $30,000. Should you buy now? Well, if a seller is planning to cash out, there are some real possibilities to be found. While not at giveaway prices, there may currently be the opportunity to get the car you want. The stock market never rallies forever, and collectability will remain for these icons of performance going forward. Honestly, the collector's marketplace seems to do better when confidence is lacking in more traditional investments. That said, there are established bottom lines on many noted muscle models. Most will not fall below those margins, as the sale of the Special No Reserve collection showed.

Conversely, should you sell now? That's a relative question. Those same buyers who are looking for cars will be in attendance at events like this, and the auction format remains one of the best ways to get true market value for your car. The corrections are usually more exponential at the top of the marketplace, and cars in the $20,000-$60,000 range did not seem to see any huge shift. Mecum's reserve format protects you, allowing you to decide if it is time to sell. Good cars can usually find good homes regardless, and at prices that satisfy both buyer and seller.

For full Kissimmee results and info on upcoming Mecum auctions, visit mecum.com.

You can Buy the Last Dodge Viper and Demon as a Matching Set .
One for the race track, one for the drag stripDodge announced today that it plans to offer the cars as a matching pair at this June's Barrett-Jackson auction. They'll both be painted the same color red and will come with special badges, VIN documentation, and "one-of-a-kind memorabilia." The proceeds will then be donated to the United Way.

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