Mecum Kissimmee 2014 – Auction Report

Mecum Kissimmee 2014 – Auction Report Page Nine

1967 Chevrolet Corvette Convertible
Lot # S206 1967 Chevrolet Corvette Convertible; S/N 194677S100732; Goodwood Green, White stinger/Saddle leather; White vinyl top; Cosmetic restoration, 2- condition; Hammered Sold at $135,000 plus commission of 8.00%; Final Price $145,800 – 427/400hp, 4-speed, AM-FM side exhausts, alloy wheels, A/C, P/S, P/B, P/W, narrow whitewalls. – Good cosmetics and orderly underhood if not fully restored. A quality driver but unusually thoroughly equipped. – Highly desirable, if not represented as matching numbers, the Kissimmee bidders accorded it a restored Corvette price, generous to a fault.
1956 Chevrolet Corvette Convertible
Lot # S207 1956 Chevrolet Corvette Convertible; S/N E56S001598; Black, Silver coves/Red vinyl; Cosmetic restoration, 3+ condition; Not sold at Hammer bid of $53,000 plus commission of; Final Price $53,000 – 265/225hp, dual quads, Powerglide, black hardtop only, WonderBar radio, spinner wheel covers, whitewall bias ply tires. – Mediocre old restoration with oversights and shortcuts. Good paint and interior, scuffed hardtop trim. Dash, instruments and steering wheel left ’til last and not done well. Disappointing. – Not quite Nasty, but not far beyond that. It’s hard to sell near-nasty cars when there are nearly 3,000 others from which to choose.
1954 Nash-Healey LeMans Coupe
Lot # S208.1 1954 Nash-Healey LeMans Coupe, Body by Pinin Farina; S/N 3082; White, /Maroon leather; Cosmetic restoration, 3- condition; Not sold at Hammer bid of $70,000 plus commission of; Final Price $70,000 – 252/140hp, 3-speed, wire wheel covers, turn signals, whitewalls. – Sound older repaint, upholstery and chrome. Areas on the body are generously filled. Engine compartment, underbody and chassis benefited only from a generous application of matte black. Dash and gauges superficially redone. A desirable car that deserves better. – You’d think this Nash-Healey was restored from the consignor’s decision to turn down even 2/3 of the reported high bid. It’s not restored, or anything close, and has lost most of the appeal of original by misconceived attempts to dress it up. A project car, it should have been sold for no more than 2/3 of the reported high bid.
1957 Chevrolet Corvette Convertible Big Brake Fuelie
Lot # S219.1 1957 Chevrolet Corvette Convertible Big Brake Fuelie; S/N E57S105868; Engine # F624EL; Venetian Red, /Red vinyl; White vinyl top; Older restoration, 2- condition; Hammered Sold at $107,500 plus commission of 8.00%; Final Price $116,100 – 283/283hp fuel injection, 4-speed, RPO 684 Big Brakes, radio and heater delete, blackwall tires. – Engine number stamping is inconsistent in the characters’ impressions and no representation of original engine is made. Very good paint, chrome and interior. Shows some age but very good care and no appreciable use. – This girl has been traveling the country in search of a new owner for a while. It crossed the block here in 2012 with a reported high bid of $135,000, then a year later with a bid of $130,000, and at Mecum Monterey last August with a $110,000 bid. It shows 24 miles on the odometer, most if not all of them going on and off transporters and auction blocks. Let’s hope if found a caring new home here where the mis-stamped engine number doesn’t make any difference.
1988 March 88C Indy Car
Lot # S220 1988 March 88C Indy Car; S/N 88C-6; White, Signet Red, “Marlboro”/Black; Competition car, original as-raced, 3- condition; Hammered Sold at $55,000 plus commission of 8.00%; Final Price $59,400 – USAC #0820, Advanced Composites # 88C 4274N023 – 2nd at Indy in 1988 driven by Emerson Fittipaldi. Reportedly a two-race winner driven by Emmo. Shiny paint but dull old running gear with surface rusted steel suspension arms. Tired and neglected as last raced, not used since 1989. Richard Berry collection. – It will take immense, and expensive effort, to make this March run again. Until then it’s wall decor, and this is plenty to pay for it. Sold by RM in Monterey in 2002 for $57,200, then again in 2004 for $78,100, this is what static display will do for value.
2004 Crawford DP03 Daytona Prototype
Lot # S234 2004 Crawford DP03 Daytona Prototype; S/N 001; Black, Boss Snowplows/Black; Modified for competition during restoration 3- condition; Not sold at Hammer bid of $55,000 plus commission of; Final Price $55,000 – – Tired, used, as last raced. – Someday the opportunity to race old Daytona Prototypes will open up. Until then they’re places to park money.
1946 Ford Super Deluxe Station Wagon
Lot # S241.1 1946 Ford Super Deluxe Station Wagon; S/N 99A835001; Burgundy, Brown composite roof/Brown leatherette; Older restoration, 3+ condition; Not sold at Hammer bid of $59,000 plus commission of; Final Price $59,000 – Columbia overdrive, radio, heater, clock, hubcaps, trim rings, wide whitewalls, grille guard, enclosed rear spare, 3-row seating. – Good older paint, chrome, upholstery and interior wood. Exterior wood appears to be original but is dark on the doors and light on the rear. Varnish is good, but showing age. Underbody was redone like new but now shows age and some miles. – Rerun of L140.1, no-sale at $62,000, re-run again on Sunday as U193, also a no-sale at $50,000. Three strikes and you’re out, a surprising disinterest in a sound and largely original Ford Woodie even with the mis-matched wood. It should have sold, even at the Sunday price.
1982 Toyota FJ43L Land Cruiser Utility
Lot # S257 1982 Toyota FJ43L Land Cruiser Utility; S/N FJ43106730; Yellow, White roof/Grey vinyl; Unrestored original, 3 condition; Not sold at Hammer bid of $40,000 plus commission of; Final Price $40,000 – CD stereo, A/C, P/B, Warn winch, center facing rear seats, roof rack, snorkel engine air intake (not connected), locking front hubs. – Sound repaint and upholstery. Engine and chassis are clean but aged and lightly grimy with oil mist and road dirt. In good, ready to off road, condition. – The Land Cruiser phenomenon is striking, maybe even astonishing. They have gone from nowhere to high-five and even low-six figure vehicles on an exponential value curve in less than two years. This is a mediocre example but of the unusual FJ-43. It’s not surprising that the Kissimmee bidders didn’t favor it, but if the reported high bid was even close to real money the seller should have given it serious consideration.
1966 Sunbeam Tiger Convertible
Lot # S264.1 1966 Sunbeam Tiger Convertible; S/N B382001867LRXFE; Red, /Black vinyl; Unrestored original, 4 condition; Hammered Sold at $35,000 plus commission of 8.00%; Final Price $37,800 – Alloy wheels, hardtop only. – Ratty barn find, not running but all there and sound. Needs everything, but a good basis on which to begin the restoration. – Rerun of K154.1, a no-sale at $27,000. It needs, at the very least, ‘everything’ and the seller is the winner at this price. Restored better than new it could bring six figures (in a few years on a generally upward trajectory) and that leaves room to do what it needs. Barely.

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Show Comments (8)

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  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.