Mecum Auctions held their inaugural Dallas, Texas auction on October 6-8, 2011 at the Dallas Convention Center, resulting in total sales in excess of $20.5 million and a 77% sell-through rate.
Mecum offered nearly 650 cars during the three-day Dallas sale, with top sale going to the Bloomington Gold Survivor 1969 Corvette L88 Coupe that made $562,500. Other top results included a 1964 Ford Fairlane Thunderbolt that sold for $245,000 and a 1971 Pontiac GTO Judge Convertible at $217,300.
“The excitement and enthusiasm expressed by everyone who participated was very positive,” said President Dana Mecum. “We had nearly 3,000 registered bidders, more than 1,200 of which were attending a Mecum Auction for the very first time! We set out to serve our customers by bringing the Mecum experience to the Texas market, and we did just that. With over 75% of our cars selling on the block, buyers were happy, sellers were happy, and it all made great entertainment for our spectators.”
The second highest price was achieved by the Operation Mend Camaro – a 2011 Camaro convertible customized with a blend of camouflage colors by West Coast Customs that sold for $333,000. An additional $13,000 cash was raised by the audience, along with $10,000 donations from both Tom Abrams of Reliable Carriers and Ray Claridge of Cinema Vehicle Services. A total amount of $366,000 was raised at the auction for Operation Mend, a partnership between Ronald Reagan UCLA Medical Center, Brooke Army Medical Center in San Antonio, Texas, and the Veterans Administration-Greater Los Angeles Healthcare System established to help treat U.S. military personnel severely wounded during service in Iraq and Afghanistan.
Mecum Dallas Auction 2011 – Top Ten Results (all sales reflect hammer prices)
1. 1969 Chevrolet Corvette L88 Coupe – $562,500
2. 2011 Chevrolet Camaro Convertible – $333,000
3. 1964 Ford Fairlane Thunderbolt – $245,000
4. 1971 Pontiac GTO Judge Convertible – $217,300
5. 1964 Ford Galaxie 500 Lightweight – $200,000
6. 1955 Porsche Speedster – $167,000
7. 2007 Chevrolet Corvette Custom – $160,000
8. 1970 Plymouth Hemi Cuda – $160,000
9. 1969 Chevrolet Yenko Camaro – $140,000
10. 2005 Ford GT – $140,000