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Mecum’s 26th Original Spring Classic reaches $49.2 million in sales

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What Is Luxury Without Speed?

“Go Baby Go” was the buzz phrase of the week and the talk of the town in Indianapolis during Dana Mecum’s 26th Original Spring Classic, May 14-19, 2013 at the Indiana State Fairgrounds as eyes from around the globe converged on Indy to take part in the largest muscle car auction in the world. The crowds were electric from start to finish and top sellers proved that million dollar American muscle cars are truly alive and well.

Six days and seventy-five hours of auction action saw a total of 2,350 lots cross the block including Road Art and racing memorabilia from the Grumpy Jenkins estate with total sales for the event reaching $49.2 million. 1,706 vehicles were offered of which 1,142 went to new homes achieving a 67% sell-through rate for the weeklong event. Top Sale honors go to legendary one-of-one Shelby Mustang supercar, the 1967 Shelby GT500 Super Snake (Lot F203) selling for a record-setting hammer price of $1.3 million. The most powerful Shelby GT500 ever produced now adds “most valuable Mustang” to its long list of rich history and accolades.

Those in attendance on Saturday May 18, witnessed one of the most energized crowds in the history of Mecum Auctions as the 1967 Ford Mustang Eleanor Hero Car (Lot S135) used in Touchstone Pictures’ “Gone in 60 Seconds” took center stage amongst a standing room only crowd. In addition to the 32 hours of live broadcast, Velocity and Discovery Channel featured a live simulcast for a full hour to cover the much-anticipated sale. As expected, the car received intense bidding from start to finish until the car finally exchanged hands at an astonishing $1,000,000.

The complete top 10 sales for Dana Mecum’s 26th Original Spring Classic auction include (all individual sales reflect hammer prices):
1. 1967 Shelby GT500 Super Snake (Lot F203) at $1,300,000
2. 1967 Ford Mustang Eleanor (Lot S135) at $1,000,000
3. 1967 Chevrolet Corvette Convertible 427/400 HP (Lot F197) at $610,000
4. 1965 Mercury Comet 427 SOHC A/FX Super Cyclone (Lot S154) at $410,000
5. 1965 Shelby Cobra Roadster CSX7049 (Lot S139) at $320,000
6. 1969 Ford Mustang Boss 429 Fastback (Lot F227) at $255,000
7. 1953 Chevrolet Corvette Roadster (Lot S150.1) at $250,000
8. 1963 Chevrolet Corvette Split Window Coupe (Lot F199) at $240,000
9. 1957 Ford Thunderbird Phase I D/F (Lot F225.1) at $230,000
10. 1969 Ford Mustang Boss 429 Fastback (Lot S225.1) at $225,000

For access to complete auction results and other member benefits, sign up for the free InfoNet service offered at www.mecum.com.

Mecum’s next auction is just around the corner. The Bloomington Gold all Corvette auction will be held June 29 at the new location of the University of Illinois Assembly Hall Grounds in Champaign, IL. To consign a vehicle or to pre-register to bid at one of Mecum Auctions’ upcoming events, visit www.mecum.com or call (262) 275-5050.

About Mecum Auctions
Nobody sells more than Mecum. Nobody. The Mecum Auction Company is the world leader of collector car and Road Art sales, hosting auctions throughout the United States. The company has been specializing in the sale of collector cars for 26 years, now offering more than 15,000 vehicles per year and averaging more than one auction each month. Established by President Dana Mecum in 1988, Mecum Auctions remains a family-run company headquartered in Walworth, Wis. For further information, visit www.mecum.com or call (262) 275-5050. Follow along with Mecum’s social media news and join us on Facebook, Twitter, YouTube, Pinterest and Instagram.



Source: http://luxvelocity.typepad.com/luxvelocity/2013/05/mecums-26th-original-spring-classic-reaches-492-million-in-sales.html


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