12 February 2013

Auction Results: Mecum’s 2013 Kissimmee Sale

Mecum Auctions headed south in January once again for its annual Kissimmee, Fla., auction. Last year this sale set a world record for the largest collector car auction ever conducted, while this year’s event raised the bar even higher. Mecum fell short of its ambitious goal of 3,000 cars for the 10-day sale, but still assembled an incredible 2,539 vehicular lots. From this pool, 1,769 of them sold — a 70% rate — for a total of $68.4M. This number compares very well with 2012’s $58.3M and 2011’s $41.1M, and is impressively ranked as the fourth highest-grossing North American auction to occur during the past 12 months. It was also the highest American sale total ever recorded outside of Monterey and Scottsdale.

The auction’s top seller was a Shelby Cobra CSX3301, a restored 427, that traded for $779,100, with commission. A 1968 L88 Corvette traded post-block for $583,000, and an unrestored Mustang Boss 429 placed with a very strong $442,020. Also of note, a 2005 Ford GT sold for $233,200, which underscores the keen interest these cars continue to receive. Sale prices above $200,000 are more and more common for Ford GTs, and these modern supercars seem to have finished depreciating less than 10 years after production.

Top 10:

  1. 1966 Shelby Cobra 427 CSX3301 Roadster sold for $779,100
  2. 1968 Chevrolet Corvette L88 Convertible sold for $583,000
  3. 1969 Ford Mustang Boss 429 Fastback sold for $442,020
  4. 1966 Ford Mustang SCCA Group 2/A Race Car sold for $424,000
  5. 1970 Plymouth Hemi Cuda sold for $339,200
  6. 1963 Chevrolet Corvette Z06 sold for $328,600
  7. 1963 Chevrolet Corvette 327/340 Coupe sold for $291,500
  8. 1967 Chevrolet Corvette 427/435 Convertible sold for $265,000
  9. 1962 Chevrolet Corvette 327/360 Big Brake Tanker Convertible sold for $256,520
  10. 2005 Ford GT Coupe sold for $233,200

Mecum’s next sale will be of Fran and Ron Green’s Verde Classics Museum collection in Boynton Beach, Fla., on Feb. 22-23, 2013. Its next annual event is April 4-6, 2013, in Houston, Texas.

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