Mecum Auctions held their 2nd annual Dallas, Texas auction on September 5-8, 2012 at the Dallas Convention Center, resulting in total sales expected to surpass $32 million and a sell-through rate of nearly 70%.
The Cars of Hallbrook were presented on opening day Wednesday, with the entire sale broadcast live on Discovery’s Velocity Network. A group of 96 vehicles offered exclusively with reserves, the Cars of Hallbrook brought a collection of American automobiles worthy of a stand-alone sale together with the multi-day consignment auction.
Total sales for the Cars of Hallbrook Collection surpassed $5.2 million, with 82 vehicles going to new homes thanks to an 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. 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 and Company, and Lot W48, a 1956 Lincoln Premiere Convertible.
“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.”
The next three days of the 2012 Mecum Dallas Auction saw bidding on a total of over 1,200 vehicles, 808 of which were hammered sold for a sell-through rate of nearly 70%. Total results for the Dallas auction were $31,618,778 and are expected to surpass $32 million once all post-block sales are complete.
The top sale price of the auction was garnered by Lot S86, a Triple Black 1967 Chevrolet Corvette 427/435 HP Convertible selling for $285,000, followed by Lot S136.1, a 1969 Yenko Camaro changing hands for $240,000 and the 1967 Chevrolet Corvette Coupe 427/435 HP that made $200,000.
Mecum Dallas 2012 – Top Ten Auction Results (all sales reflect hammer prices)
1. 1967 Chevrolet Corvette Convertible 427/435 HP (S86) – $285,000
2. 1969 Chevrolet Yenko Camaro (S136.1) – $240,000
3. 1967 Chevrolet Corvette Coupe 427/435 HP (S86.1) – $200,000
4. 2005 Ford GT (W49) – $187,500
5. 1969 Pontiac Trans Am Ram Air IV (F220.1) – $185,000
6. 1967 Chevrolet Corvette Convertible 427/435 HP (S73) – $170,000
7. 1970 Chevrolet Chevelle Resto Mod (S180) – $155,000
8. 1956 Lincoln Premiere Convertible (W48) – $152,500
9. 1938 Lincoln K Semi-Collapsible Cabriolet (W46) – $152,500
10. 1968 Shelby GT500 KR Convertible (S163) – $145,000
For complete auction results, visit Mecum.com. Members can login to see car-by car results by visiting the Results Page.
Next 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 Mecum.com or call 262-275-5050.
[Source: Mecum]
