Mecum Dallas 2016 – Auction Report

Mecum Dallas 2016 – Auction Report Page Six

1947 Studebaker M5 Pickup
Lot # S130.1 1947 Studebaker M5 Pickup; S/N 1M30499M530422; Cream/Black vinyl; Truck restoration, 3 condition; With Reserve; Hammered Sold at $17,000 plus commission of 10.00%; Final Price $18,700 – Hub caps and trim rings, wide whitewalls, wood bed, dash clock, floor shift. – Apparently owned by Don Johnson at some point. Older restored. Numerous paint runs on the grille. Two cracks below the hood. Uneven door gaps. Tires are old and dry. Paint coming off of the wheels, light wear on restored frame. Lightly pitted rear bumper. Good wood. Heavily worn steering wheel. Otherwise good interior that is claimed to be original. Interesting for what it is, but restored to barely truck standards, and that was years and many miles ago. – Sold at Barrett-Jackson Scottsdale in 2003 for $15,660 and in essentially the same condition today as it was then and the price is up by less than inflation (according to the Bureau of Labor Statistics’ CPI Inflation Calculator it would have to have brought $20,550 here to buy the same amount of groceries.)
1970 Plymouth 'Cuda Hemi 2-Dr. Hardtop
Lot # S131 1970 Plymouth ‘Cuda Hemi 2-Dr. Hardtop; S/N BS23R0B179117; Blue Metallic, Black stripe/Blue vinyl; Estimate $160,000 – $185,000; Recent restoration, 2+ condition; With Reserve; Hammered Sold at $112,500 plus commission of 10.00%; Final Price $123,750 – 426/425hp dual quad Hemi, automatic, hub caps, Polyglas GT tires, power steering, power brakes, hood pins, Rallye instruments, woodrim steering wheel, pushbutton AM radio. – Spotless like new engine bay with a ‘warranty replacement block’ and ‘date code and model correct 727 automatic. Excellent paint. Even gaps. Excellent interior. Fully restored to very high standards and looks barely sat in. – It is telling to compare this meticulous, high quality restoration of a ‘Cuda Hemi with the meticulously preserved survivor ‘Cuda Hemi that sold on lot number S96 earlier today for $286,000. Therein lies the value of originality, preservation, the original engine and a 4-speed.
1960 Mercedes-Benz 220SE Cabriolet
Lot # S133.1 1960 Mercedes-Benz 220SE Cabriolet; S/N 12803010002722; Dark Gray, Light Gray/Red leather; Black cloth top; Older restoration, 3 condition; With Reserve; Hammered Sold at $102,500 plus commission of 10.00%; Final Price $112,750 – 2195/134hp, 4-speed, wheel covers, Coker Classic whitewalls, Hella driving lights, column shift, Becker Mexico radio, VDO dash clock. – Restored in 2003. Dull bumper chrome. Good older paint. Doors do not fit flush with the body. Good top. Interior wood is scratching in several spots. Frankly, this restoration looks older than 2003. It is a gorgeous car for what it is, but could stand to be restored again to fully appreciate it. – Definitely on the low side for a cabriolet, but if the seller is the same person who bought the car at Mecum Monterey in 2014 for $97,200, then letting it go at this price won’t feel too bad even though the result doesn’t beat inflation after paying the entry fee and seller’s commission.
1967 Ferrari 330 GTC Coupe, Body by Pininfarina
Lot # S136.1 1967 Ferrari 330 GTC Coupe, Body by Pininfarina; S/N 9955; Engine # 9955; Rosso Corsa/Tan leather; Estimate $650,000 – $700,000; Visually maintained, largely original, 2- condition; With Reserve; Not sold at Hammer bid of $575,000 – Borrani wire wheels, Michelin XWX tires, Ansa exhaust, woodrim steering wheel, power windows, power brakes, Becker Europa radio, Veglia dash clock, factory air conditioning. – 1,000 miles on rebuilt engine. Excellent upholstery done in 2013. The rest of the interior is very good and without major flaw but older. Engine bay shows plenty of signs of age and use. Very good, not show-stopping paint. Some road dirt on the underbody and pitting on the exhaust. Represented as 45,966 miles (45,798 when cataloged), restored in the late 1990s and enjoyed. Really just a driver, but a pretty one. – Hammered not sold at Mecum Kissimmee earlier this year at a high bid of $600,000 and at Monterey in August on a $550,000 bid. 330 GTCs aren’t 275 GTBs, but they are sleek – in the Superamerica/Superfast sense – and comfortable. The consignor was reasonable to expect more in Kissimmee and Monterey for this car, and he still is here in Dallas.
1950 Mercury 0CM Station Wagon
Lot # S138.1 1950 Mercury 0CM Station Wagon; S/N 50LA43119M; Everglade Green, Wood/Dark Brown, Tan leather; Older restoration, 2- condition; With Reserve; Not sold at Hammer bid of $80,000 – 255/110hp, 3-speed, Wheel covers, wide whitewalls, heater, oil bath air cleaner, hood ornament, pushbutton AM radio, enclosed rear-mounted spare, three-row seating, column shift. – Tidy restored but used engine bay with some fuel on the carb and top of the engine. Very good paint and chrome. Inevitable wood issues with a handful of cracks and uneven panel gaps, but overall it’s very good. It’s very good on the inside as well. Quite hard to fault and a rare early station wagon with real wood panels to boot. – There’s room inside for a platoon of friends or a large family. Fold down the rear seats and it’s a fabulous surf wagon. It isn’t hard to see how this consignor sought more, but how much more? The bid here wasn’t unrealistic and the consignor may have trouble finding a more receptive audience except on the California coast.
1987 Ferrari Testarossa Coupe, Body by Pininfarina
Lot # S139 1987 Ferrari Testarossa Coupe, Body by Pininfarina; S/N ZFFSG17A8H0070755; Rosso Corsa/Black leather; Estimate $125,000 – $150,000; Visually maintained, largely original, 2 condition; With Reserve; Not sold at Hammer bid of $100,000 – Goodyear Eagle VR50 tires, dual mirrors, electric seat belts, leather-wrapped Momo steering wheel, power windows, air conditioning. – Recently serviced. Represented as 12,634 miles from new. There is a handful of tiny chips in the nose and a small scratch in the left side of the tail, but otherwise very good original paint. Very good, lightly worn interior. A well maintained, low-mileage car represented to have a ‘recent extensive service’ and provided with service records. – This is a solid Testarossa and it could have brought more without being out of line, but not a lot. There is an argument for taking the money and not looking back.
1968 Ferrari 365 GT 2+2 Coupe, Body by Pininfarina
Lot # S141 1968 Ferrari 365 GT 2+2 Coupe, Body by Pininfarina; S/N 11487; Silver/Beige leather; Estimate $300,000 – $350,000; Visually maintained, largely original, 3- condition; With Reserve; Not sold at Hammer bid of $220,000 – Centerlock wheels, Michelin XWX tires, Ansa exhaust, woodrim steering wheel, Clarion stereo, power windows, power steering, air conditioning. – Delivered new in Switzerland but came to the U.S. in 1980. Maintained but tired engine bay with black paint peeling off the valve covers, lots of scratches on the air cleaner and a big rip with insulation coming out on the underside of the hood. Fairly dull original chrome. Sound older repaint. Oxidation in the wheel centers. Four big, deep scratches on the right front fender. Big crack in the left rear fender. Front seats were replaced a while ago and are lightly worn, while the back seats are original and show light cracking. The rest of the interior is original and quite good. A strong candidate for a straightforward restoration. – The Dallas bidders were astute to recognize this as a fairly worn driver quality car and offer fairly worn driver money for it. There’s no reason for it not to have sold at this price which was ample and maybe a little bit more for its condition.
1963 Chevrolet Corvette Z06 (big tank) Coupe
Lot # S142 1963 Chevrolet Corvette Z06 (big tank) Coupe; S/N 30837S108672; Engine # 3108672 FI25RE; Sebring Silver/Black vinyl; Estimate $500,000 – $650,000; Older restoration, 2- condition; With Reserve; Not sold at Hammer bid of $500,000 – 327/360hp fuel injection, 4-speed, centerlock alloy wheels, Firestone tires, 36-gallon fuel tank, 3.70 Positraction, dash clock, radio delete. – Bloomington Gold certified and NCRS Top Flight. One of 63 big tank Z06s. The engine number recorded on-site was ‘RE’, but we’ll give the car the benefit of the experts and call it an ‘RF’ 360hp Fuelie. Fully documented history. Clean but not overly detailed engine bay. Some road dirt and peeling stickers. Excellent paint, chrome, interior and underbody. Only a small touched up chip right behind the driver’s side door. A gorgeous car. Not overdone and lightly used, but used and aged. – Sold at RM in Ft. Lauderdale in 2007 for $216,000, then post-block sold at Mecum Houston in April of this year for a beyond-market $605,000, it was a no-sale at Mecum Monterey in August at a high bid of $525,000. Having paid beyond-premium money in April there’s no easy way not to lose $100,000.