Mecum Kissimmee 2014 – Auction Report

Mecum Auctions, Osceola Heritage Park, Kissimmee, Florida, January 17-26, 2014

By my count 2,743 vehicles, by far most of them automobiles, crossed the Mecum Auctions auction block in Kissimmee, Florida during its nine-day run January 17-26, 2014 (nine days since only ‘Road Art’ was offered on Monday.)

It is a sea of cars, under a blanket of tents scattered across the Osceola Heritage Park site. The schedule overlaps the final three days of auctions in Arizona so many simply got on a plane in Phoenix on Sunday and headed straight to Orlando. An average of just over 300 cars crossed the block in Kissimmee every day. Three hundred a day. At an [optimistic] average of 20/hour that’s fifteen hours a day moving a steady stream of lots across the block. In clock terms that’s 10AM to midnight, day after day.

Mecum Kissimmee is an extravaganza of epic proportions which has come in just a few short years to dwarf Mecum’s signature ‘Spring Classic’ in Indianapolis. There are plenty of six-figure cars in Kissimmee, but the median transaction in 2014 was just $25,920, an amount affordable for many collectors and the antithesis of the seven-figure centric sales that dominate headlines.

The ratio between average transaction and median is even more significant, just 72.3%. That means that the total sale and average transaction are very close in value, not warped by a few mega-dollar cars. The vast majority of the cars in Kissimmee are accessible, affordable and reasonable. At high profile, high dollar auctions the ratio of median to average transactions often is 30-40% meaning their totals are dominated by really expensive lots.

That observation goes a long way toward explaining why Mecum Kissimmee’s auction report is two and half months late in appearing.

First, there are lots of cars: 90 in this report. Second, they’re especially significant, especially to the huge base of the car collecting hobby with values accessible to collectors who haven’t founded an Internet startup that got bought by Facebook. Third, there are so many auctions that compete for time.

In the first quarter of 2014 every weekend but four were on the road somewhere at auctions: Scottsdale, Kissimmee, Paris, Oklahoma City, Atlantic City, Amelia Island, Ft. Lauderdale. That leaves precious little time to complete the reports, sort and label photos and compile the results. The Alfa sits in the garage waiting for her spring wakeup, and it’s not likely to come ’til spring is nearly over as another marathon begins soon.

It’s not an excuse for tardiness, just an explanation.

Mecum Kissimmee
Cars Offered / Sold
Sale %
Average Sale
Total Sales
2014
2,743 / 1,754
63.9%
$35,843
$62,868,670
2013
2,592 / 1,797
69.3%
$39,337
$70,688,968
2012
2,158 / 1,564
72.5%
$37,404
$58,499,734
2011
1,411 / 1,062
75.3%
$38,686
$41,084,338
2010
1,071 / 701
65.5%
$37,320
$26,161,356

Mecum Kissimmee [and other auctions like it] is where car collectors can find cars that are within reach. Even a couple months late this is the heart of car collecting and the results are worth perusing.

Mecum Kissimmee 2014 – Auction Report

1964 Pontiac LeMans GTO 2-Dr. Hardtop
Lot # F136 1964 Pontiac LeMans GTO 2-Dr. Hardtop; S/N 824M26530; Black, Black vinyl roof/Black; Recent restoration, 2 condition; Hammered Sold at $41,000 plus commission of 8.00%; Final Price $44,280 – 389 with Tri-Power, 4-speed, Rally wheels with trim rings and red line radial tires, 3.23 Safe-T-Track, cassette stereo, woodgrain steering wheel, console, aftermarket A/C. – PHS documented GTO. Replacement engine block. Restored like new. Excellent paint, chrome, interior and glass. Sharp car. – Beautifully and honestly presented, this GTO should be highly satisfactory to own and drive, a reasonable value at this price.
1970 Chevrolet Chevelle SS 396 2-Dr. Hardtop
Lot # F137.1 1970 Chevrolet Chevelle SS 396 2-Dr. Hardtop; S/N 136370B149216; Black Cherry, White stripes/Black leatherette; Cosmetic restoration, 2- condition; Hammered Sold at $37,000 plus commission of 8.00%; Final Price $39,960 – 396/350hp, 4-speed, cowl induction, P/S, P/B, F41 suspension, Super Stock wheels, Radial T/A tires, bench seat, Positraction, AM-FM, bench seat. – Represented as matching numbers, documented with build sheet. Restored to nearly like new with better paint and new trim chrome and upholstery. Sharp and fresh underhood but less carefully finished and detailed where it’s harder to see. Underbody painted over old, peeled undercoat. Rusty right quarter window frame. An auction restoration that looks great from eight feet. – But doesn’t look anywhere nearly as good when up close and peering deeply into places easily overlooked. A desirable car, with a choice set of options. The seller may have been disappointed with the price, but the bidders got it right.

 

1957 Chevrolet Corvette Convertible
Lot # F138 1957 Chevrolet Corvette Convertible; S/N E57S103619; Venetian Red, Beige coves, Red hardtop/Red vinyl; Older restoration, 2- condition; Hammered Sold at $95,000 plus commission of 8.00%; Final Price $102,600 – 283/270hp dual quads, 3-speed, spinner wheel covers, whitewalls, two tops, radio delete. – Engine pad illegible but represented as numbers matching. NCRS Top Flight ten years ago, a little aged and storage dusty but still very good cosmetics on, in and under the car. – The bidders must have believed the implication on the car card that this was an original dual quad solid lifter 270hp Corvette. It’s encouraging to see that the 3-speed, so often replaced after introduction of the T-10, has survived. A handsome but not unrealistic price for a desirable Corvette.
1968 Shelby Mustang GT350 Convertible
Lot # F141 1968 Shelby Mustang GT350 Convertible; S/N 8T03J149431-01404; White, Blue stripes/Black; White vinyl top; Older restoration, 2- condition; Hammered Sold at $102,500 plus commission of 8.00%; Final Price $110,700 – 302/250hp, 4-speed, Hurst shifter, AM-FM, A/C, 10-spoke alloy wheels, Radial T/A tires, power top, P/S, P/B, Tilt-Away steering column. – Quality older restoration with very good paint, chrome and interior. An unusual and desirable 4-speed unit. – Yes, it’s believed to be one of 33 built in this configuration, but if this were a Mustang GT with the same 302/250hp engine it wouldn’t bring even half this price. Is Carroll’s name on the hood really worth double the money, even if the collector car community continues to say so with its bidder paddles?
1968 Pontiac LeMans Safari Styling concept
Lot # F143 1968 Pontiac LeMans Safari Styling concept; S/N 233698P109210; Light Yellow, /; Older restoration, 2- condition; Hammered Sold at $38,000 plus commission of 8.00%; Final Price $41,040 – 350, automatic, P/S, P/B, tilt steering column, AM-FM, Superlift rear shocks, Rally II wheels with trim rings and narrow whitewalls, bench seat. – Pontiac styling concept with a LeMans nose and dashboard on an El Camino body. At one point had a black vinyl roof. Cosmetically restored with very good paint, chrome and original interior. Underbody slathered in new sealer. – An intriguing piece of what-might-have-been GM history, it will bring startled double-takes anytime it drives onto a show field. While this result is nearly double the price of an El Camino in comparable condition the result is if anything a modest price for a unique GM styling exercise.
1966 Mercedes-Benz 230SL Roadster
Lot # F144.1 1966 Mercedes-Benz 230SL Roadster; S/N 11304212013769; Dark Blue, /White; Blue cloth top; Visually maintained, largely original, 3- condition; Hammered Sold at $43,000 plus commission of 8.00%; Final Price $46,440 – Automatic, Lear Jet cassette stereo, trim rings, narrow whitewalls. – Decent repaint and good new top and interior. Otherwise aged and neglected. Pitted door handles and mirror, weak interior chrome, chipped hood edges. Engine is untouched except for maintenance. – Sound, but has not lived a sheltered life, nor is originality an attribute. and this is an abundant price for it.
1958 Chevrolet Bel Air Impala 2-Dr. Hardtop
Lot # F149 1958 Chevrolet Bel Air Impala 2-Dr. Hardtop; S/N E58J176576; Red, White roof/Red, Black, Silver vinyl; Older restoration, 2- condition; Hammered Sold at $45,000 plus commission of 8.00%; Final Price $48,600 – 348 with three 2-barrel carbs, Powerglide, P/B, P/S, pushbutton radio, spinner wheel covers, whitewalls, skirts, continental kit. – Very good paint, chrome and interior. Nearly like new underbody and engine compartment. No engine block stamping. Restored to showroom condition a while ago with little evidence of use, just age and storage. A thorough detailing could result in a show quality Impala. – Only the appropriate engine number and a thorough detailing could make this ’58 Impala any better and it went home at an appropriate price for what it is.
1966 Ford Mustang Convertible
Lot # F150.1 1966 Ford Mustang Convertible; S/N 6F08C224221; Springtime Yellow, /Black vinyl; Black vinyl top; Older restoration, 2- condition; Hammered Sold at $21,000 plus commission of 8.00%; Final Price $22,680 – 289/200hp, 3-speed, 4-barrel added, 3-core radiator, A/C, cassette stereo, power top, styled wheels, narrow whitewalls. – Attractively restored throughout and relatively rare with the 3-speed manual. Sharp gauges. Very good paint and chrome. Underbody is painted chassis black but some surface rust is showing. – The 4-barrel is a no-harm upgrade, as is the 3-core radiator. Attractive color that’s perfect for top-down cruising next summer (a season we Northeasterners think may have been postponed until 2015.) There is never a bad time to buy a Mustang V-8 convertible, especially at this price.
1967 Chevrolet Corvette Convertible
Lot # F156 1967 Chevrolet Corvette Convertible; S/N 194677S106066; Silver Pearl, Black stinger/Black; Black vinyl top; Recent restoration, 3+ condition; Hammered Sold at $83,000 plus commission of 8.00%; Final Price $89,640 – 427/400hp, three 2-barrels, 4-speed, AM-FM, side exhausts, Rally wheels with trim rings and red line bias ply tires. – Very good paint, chrome and interior. Missing a seal over the left vent window and the top frame is rusty. Bowed hood. Underbody painted over peeled old underseal. Makes a good first, impression but doesn’t hold up under closer scrutiny. – The seller should be very happy to get this much money for a Corvette with many oversights and shortcomings.

1 2 3 4 5 6 7 8 9 10 Next

Show Comments (8)

Your email address will not be published.

  1. Rick: It appears that the XK120, Lot S180.1, has a cut down windshield. This could be why there is no top.

  2. It does look low, but the hooks for clamping a top down on the windshield posts are there. I think it just got lost somewhere.
    Nice catch.

    Rick

  3. Hey Rick, always a fan of your reports, especially on the Corvette and muscle car auctions. I appreciate your car by car descriptions and often go back to the auction catalog to see how the cars were presented in the catalog vs your description which often gives the actual condition number of the car. I find it very helpful and interesting noting the difference between what I perceived the car to be from the catalog and what it actually is after your inspection, especially since I am handicapped and cannot get to as many auctions as I’d like to see the cars for myself. The one request I would make is that you always list the condition number (sometimes that it missing) with the other details. I look forward your work each month. I might suggest you take a break and get the Alfa out and enjoy it, especially after such a brutally cold and much too long winter..

  4. Rick,

    Another great report, thanks for all the effort you put into it. I especially enjoy where you trace a cars auction history. Do you mind sharing where info from?

    1. The prior auction result data comes from my own personally compiled and maintained auctions result database. It contains results primarily from the early 90’s to the present but some from prior auctions which I have compiled from catalogs and a variety of sources for the sale and value data.
      I continue to build it, both forward and backward, as data sources and time permit.
      I’m happy to consult it on behalf of others, either with regard to a specific chassis number or for a specific year/marque/model. If I don’t have anything its free; if I come up with meaningful data it costs a little more.

      Rick

        1. Bill,
          No, I don’t do appraisals. It would be, I feel, expose me to conflict of interest situations, and I’m more than busy enough doing the auction reports and some articles.
          Having said that, I’m more than willing to compile and send comparable transaction background that lets you, or a qualified appraiser, form opinions of value.