Mecum Confirms Theory That Everything Is Bigger In Texas
$31.6 Million Total Sales at the Dallas Convention Center, Sept. 5-8
Walworth, Wis. – Mecum Auctions completed their second annual Dallas Auction, held September 5-8, 2012, packing over 1,200 vehicles into The Dallas Convention Center and experienced competitive bidding from start to finish throughout the 4-day event. Total sales for the Dallas auction were $31,618,778 and are expected to easily surpass the $32 million mark once the final totals from Bid Goes On sales are factored in later this week.
The Cars of Hallbrook were presented on opening day Wednesday, with the entire sale broadcast live on Discovery’s Velocity Network. An incredible group of 96 vehicles offered exclusively with reserves, The Cars of Hallbrook brought a fantastic collection of exceptional American automobiles worthy of a stand-alone sale together with the multi-day consignment auction. “We essentially had an auction within an auction,” said President and CEO Dana Mecum. “By offering the collection on its own day within a consignment auction on our regular schedule, the cars were able to benefit from all the additional promotion, higher bidder attendance and live national TV exposure associated with our regularly scheduled event, and the results speak for themselves.”
Total sales for The Cars of Hallbrook Collection surpassed $5.2 million, with 82 vehicles going to new homes thanks to an incredible 85% sell-through rate. Topping the list of sold vehicles was a 2005 Ford GT (Lot W49) with only 1,021 miles hammering for $187,500. In fact, three cars from the Hallbrook Collection made the list of top ten sales for the entire Dallas Auction, including Lot W46, a 1938 Lincoln K Semi-Collapsible Cabriolet with coachwork by Brunn & Company, and Lot W48, a gorgeously restored 1956 Lincoln Premiere Convertible.
The ensuing three days of the Dallas Auction saw huge crowds and intense bidding on a total of over 1,200 vehicles, 808 of which were hammered sold for an impressive sell-through rate of nearly 70%. The top sale price of the auction was garnered by Lot S86, a well-documented Triple Black 1967 Chevrolet Corvette 427/435 HP Convertible selling for $285,000. Coming a close second was Lot S136.1, a certified real-deal 1969 Yenko Camaro changing hands for $240,000.
The results showed that the Mecum Dallas Auction had doubled in size in just its second year, confirming that everything is bigger in Texas!
Dallas Auction 2012 Top 10 Vehicle Sales (all sales reflect hammer prices) were:
1. 1967 Chevrolet Corvette Convertible 427/435 HP (S86) at $285,000
2. 1969 Chevrolet Yenko Camaro (S136.1) at $240,000
3. 1967 Chevrolet Corvette Coupe 427/435 HP (S86.1) at $200,000
4. 2005 Ford GT (W49) at $187,500
5. 1969 Pontiac Trans Am Ram Air IV (F220.1) at $185,000
6. 1967 Chevrolet Corvette Convertible 427/435 HP (S73) at $170,000
7. 1970 Chevrolet Chevelle Resto Mod (S180) at $155,000
8. 1956 Lincoln Premiere Convertible (W48) at $152,500
9. 1938 Lincoln K Semi-Collapsible Cabriolet (W46) at $152,500
10. 1968 Shelby GT500 KR Convertible (S163) at $145,000
Complete auction results are available to Mecum InfoNet Members, which is free to join at Mecum.com. Members can login to see car-by car results by visiting the Results Page.
Next on the action packed event on the 2012 schedule is Mecum’s Fall Premier Auction, October 25-27 at the Pheasant Run Resort located in St. Charles, Ill. To become a registered bidder or to consign a vehicle, go to http://www.mecum.com or call the Corporate Office at 262-275-5050.
About Mecum Auctions
The Mecum Auction Company has been specializing in the sale of collector cars for 25 years, now offering more than 12,000 vehicles per year. Mecum Auctions is the world leader of collector car, exotics, vintage motorcycles and road art sales. Auctions are held throughout the United States and broadcast live on Velocity, Discovery Network. For further information, visit http://www.mecum.com or call 262.275.5050. Like, comment or share on Facebook at facebook.com/mecumauction or join the conversation on Twitter @mecum.
Source: Mecum Auctions