Sunday, December 8, 2013

Update on Mecum car auction
Here's a look at how much some of the cars I posted went for at auction:
and some thoughts on how the auction went.

Lot S133.1
1970 Ford Mustang Mach 1 Twister Special: Sold for $100,000

Lot F179
1957 Chrysler 300C: Didn't sell, ended at $44,000

Lot S134
1947 Buick Century: Didn't sell, ended at $45,000

Lot S202
1969 Mercury Marauder: Didn't sell

Lot T152
1977 Ford LTD: Sold for $3,000

Lot F130
1940 Cadillac Series 60: Sold for $29,000

In this auction, the entry level classics were the best sellers. There were plenty of high dollar muscle cars (from Hemi Cudas to the 3 Mustang Twister Specials) but a lot of them didn't get high enough to sell. On the first day there were plenty of cars below $20,000 in great condition, and most of them sold. There was everything under the sun, from Mercedes S Class sedans to Chevy pickups. Overall the auction was a good mix, something for everybody. I like seeing the entry level classics the most because it shows that regular people are still out there buying classic cars. The rich guys who collect and restore cars will always be there, spending the big bucks, but I'm never sure about everyone else these days. The sales of this auction are impressive to me considering the struggling economy and a steady decrease in consumer spending this year. It's nice to see that there is still a lot of interest in classic cars.




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