Mecum car prices

[sixtiesmuscle]

As far as the "holy grail" status of the blue car, that may be the opinion of many people, but, I can assure you, not all people. I have cars that are worth less than half of that car that I would personally rather keep than trade for it. That is without regard to value of course. I might be dumb, but, I'm not stupid. I think.

Anyway, the crazy run up of prices for hemi Cuda converts dragged everything else up with them. That was a lot of blue sky IMO, and, the leaders on the way up have also led the pack on the correction. I think this sale has established a base for buyers to feel comfortable to start buying again. A good healthy market with reasonable increases in values is good for buyers, sellers, AND keepers in the long run.

[sixtiesmuscle]

One more thing. In the weeks leading up to the Mecum sale, I had heard about several high end collectors who planned to bid on the ZL1s. The rumors that they were going to buy those cars may very well have scared off some viable bidders. I think that happens more than we want to admit. The thought that "I want that car, but, I'm not even going to go because [insert name of rich guy] is going to pay whatever it takes to own it". Then "rich guy" doesn't show up, or, is able to steal something because nobody else with the wherewithal shows up.

[Canucklehead]

I thought the ZL1 corvettes are the holy grail!

[Stefano]

Great Auction!
I bought some cars, sold some cars. Spent time with good friends, from all over the world. The location and venue are very good for a muscle car auction. Much better than schlepping cars around in the Mud at B/J.

The Mecum Team "delivered the goods" once again!

See you there next year!!

[Vintageracer]

Either Dana or Dave lost their ass on the 70 GS Stage 1 Convertible. Somebody got a heck of a deal on real car for cheap money!

[P.J.]

In 1988 the 427 67 documented restored corvette was selling for $100,000 Canadian at auction.In late 1989 when the economy hit the skids that same car sold at a local auction for $50,000 Canadian. The car market is like the stock market. Buy low sell high.For some of us that are in this hobby for the sheer pleasure its not a problem because we are in it for the long run.
PJ

[wesyenko]

I too feel Mecum put on a First Class Event and has raised the bar for muscle car auction. I was able to buy the Yellow ZL1 for what I feel is way under the market value of these cars. Dave & Jill'S collection was one we all admired & will be missed. Thanks for all the hospitality & memories. Wayne

[Les Quam]

Wayne you stole that car you should have been wearing a mask. LOL

Mike , I think Dana always runs a great auction arguably the best out there IMHO. I just think the TV coverage was hard to find and INDIANAPOLIS sucks as a venue city. There I said it all you Indy residents and Indy lovers commence with the bashing. Indy may have been attractive to Dana but I have been to Indy and hope to never return. Chicago suburbs, Phoenix, Vegas, California all are places that would attract more buyers. Indy was a great place to hide an auction and a great place for dealers to pay wholesale.

Yeah I heard the rumors about the heavy hitters bidding on the ZL-1 and am kicking myself for listening to them.

And yeah I think the Colts suck also. Da Bearz rule.

[Charley Lillard]

"Hide an auction" ? Were you under a rock ? It was on directv for 7 hours. It was on Ebay. Plenty of us were there, just not you so you think it was hidden ? The economy is in the tank. Prices on everything has tanked except for the price of gas. I know one bidder that was set to buy a couple of the significant cars but is very unsure of things because his business involves transportation and the price of diesel is a big concern. He was prepared to pay more than the 800K for the ZL1 but didn't bid at all. There are tons of guys that say "I would have paid more than that" on certain cars but they didn't. There was a guy that supposedly was offering 6 mil for Daves collection about a week before Dave comitted to Dana. He was at the auction saying how much better it would have been for Dave. He could have bought the exact same collection at the auction and saved a million dollars but he bought nothing! So was he really going to pay 6 mil or was he just another stroke ?
The Olds converts had no paperwork and the front sheetmetal on the red car had fenders from a different year so that is why the prices were lower than some people expected.

People have been bitching for the last few years about how over priced the cars are. Now that the prices are dropping they are bitching about prices dropping. There are a bunch of cars that used to sell on the 60K-70K range that over the last few years have jumped over 100-200K that will probably come back down again.

[Xplantdad]

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There was a guy that supposedly was offering 6 mil for Daves collection about a week before Dave comitted to Dana. He was at the auction saying how much better it would have been for Dave.



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So, was it Mike S. that wante to buy the collection as a whole? I mean...at one time he said that he already had it.