Mecum Kissimmee 2016 – Auction Report

Mecum Kissimmee 2016 – Auction Report Page Eleven

1955 Chevrolet Bel Air 2-Dr. Hardtop
Lot # S187 1955 Chevrolet Bel Air 2-Dr. Hardtop; S/N VC55L051547; Light Blue, White/Blue vinyl, Beige cloth; Estimate $90,000 – $120,000; Concours restoration, 1 condition; With Reserve; Hammered Sold at $78,000 plus commission of 10.00%; Final Price $85,800 – 265/180hp, 4-barrel, Powerglide, body color steel wheels with wheel covers, Silvertown whitewalls, hood ornament, rear fender skirts, power steering, bench seat, column shift, power brakes, pushbutton radio, dash clock. – AACA Senior Grand National in 2014. Concours restored in 2006. Excellent paint, chrome and interior. Beautiful, highly detailed engine bay and clean underbody. Technically it’s an older restoration, but has never really been driven and is still thoroughly showable and gorgeous. – Above reproach in all respects, except for collectors’ appreciation of its value which is if anything steadily declining after years of being one of the most sought of all American collector cars. The price it brought is a tribute to the quality of its decade-old restoration as much as it is to the ’55 Bel Air.
1953 Cadillac Eldorado Convertible
Lot # S189 1953 Cadillac Eldorado Convertible; S/N 536219617; Aztec Red/Red, White leather; Estimate $175,000 – $225,000; Recent restoration, 2 condition; With Reserve; Hammered Sold at $200,000 plus commission of 10.00%; Final Price $220,000 – 331/210hp, automatic, chrome wire wheels, whitewalls, fender skirts, Continental kit, pushbutton AM radio, dash clock, parade boot, bench seat, column shift, dash clock, heater. – Very good paint and chrome and excellent, like new interior. Claimed 100 miles since a full restoration, and it looks it. – Sold by Mecum in Anaheim two years ago in essentially the same condition for $226,800 and offered there last November were it attracted a bid of only $152,500. The consignor wisely turned that down and brought it here to Kissimmee where the car stood out even among 2,000+ vehicle offering. It is a superb Eldorado, bought for an appropriate price.
2005 Porsche Carrera GT Targa
Lot # S190 2005 Porsche Carrera GT Targa; S/N WP0CA29805L001525; Guards Red/Black leather; Estimate $900,000 – $1,100,000; Unrestored original, 2 condition; With Reserve; Not sold at Hammer bid of $650,000 – Yellow calipers, carbon fiber removable roof, ceramic brakes, ceramic clutch, magnesium wheels, Xenon headlights, wood shift knob, air conditioning, power windows. – Two owners, like new with 2,720 miles. – Not Silver. The second of two Carrera GTs offered at Kissimmee and the second one to no-sale. It continued the search for a receptive audience at Barrett-Jackson in Palm Beach ten weeks later, and again no-saled. There are too many Carrera GTs chasing a shrinking pool of buyers to sustain the price expectations of the sellers.
1965 Sunbeam Tiger Mk IA Roadster
Lot # S192 1965 Sunbeam Tiger Mk IA Roadster; S/N B9472881; Carnival Red/Red vinyl; Estimate $80,000 – $110,000; Unrestored original, 3 condition; With Reserve; Not sold at Hammer bid of $65,000 – Original 260/164hp, 4-speed, wheel covers, Silvertown narrow whitewalls, woodrim steering wheel, console. – Grimy but complete engine bay and underbody. Sound original paint with chips around the headlights, a small scrape on the passenger’s door, and several scratches on the tail. Very good original interior with newer upholstery. Single family ownership until 2015, thoroughly documented back to the original purchase paperwork. A quite well kept original showing 22,773 miles and powered by its original 260. Many owners of early Tigers couldn’t resist the temptation to retrofit a 289. – The Ford V-8-powered Tiger ceased being the poor man’s Cobra some time ago and is now just a less rich man’s one, with prices over 100 grand for very good ones. This car is far from the best, however. The bidders accorded an appropriate premium for originality, but it isn’t really worth any more than the reported high bid.
1967 Toyota 2000GT Coupe
Lot # S200 1967 Toyota 2000GT Coupe; S/N MF1010100; Red/Black vinyl; Estimate $800,000 – $1,000,000; Cosmetic restoration, 2 condition; With Reserve; Not sold at Hammer bid of $750,000 – Wire wheels, Michelin tires, dual mirrors, Borrani wheels, woodrim steering wheel, console, power windows, AM/FM radio. – Used but very clean engine bay. Very good paint other than a small blister on the tail. Straight body, even gaps. Very good interior. Not overdone. Sympathetically restored and just right. A rare US market lefthand drive car from new, one of 62 examples equipped for sale here. Owned by racer Otto Linton and subsequently in several private collections. Cosmetic restoration on a sound example done in 2007. – Sold by Mecum in Monterey last August for $1,017,500. After the surge in interest and values for 2000 GTs, they have become relatively regular sights at auction. This is fourth one at auction in the States just since the start of the year, the tenth one since the start of 2015. Values have dipped in recent months as the supply on the market has risen to respond to demand and headline prices. The Toyota 2000GT market is nothing if not thin so what was a high six- or low seven-figure car two years ago is now moderate six-figures and will be until they disappear from the market and become rare again. Most multi-store Toyota dealers probably already have one.
1970 Plymouth 'Cuda Convertible
Lot # S209 1970 Plymouth ‘Cuda Convertible; S/N BS27U0B194936; Lime Light, White/White vinyl; White vinyl top; Estimate $500,000 – $600,000; Concours restoration, 1 condition; With Reserve; Hammered Sold at $350,000 plus commission of 10.00%; Final Price $385,000 – 440/375hp Magnum engine, TorqueFlite, Polyglas GT tires, 8.75-inch Sure Grip rear end, 3.23 gears, power steering, power front disc brakes, hood pins, power windows, rally gauges, console, white vinyl top boot, Music Master radio. – 2-year concours restoration. Restored to better than new concours condition. Spotless interior and trunk. Not a scratch anywhere. Highly detailed and spotless underbody, with the kind of shiny presentation that the “chassis cam” was made for. One of 34 440 Super Commando Cuda convertibles in 1970, documented with its original broadcast sheet. – This is as good as a Muscle Car restoration gets, and what’s under the hood is pretty darn good, too, but not good enough to be worth more than this price, despite the gushingly optimistic estimate range.
1954 Austin-Healey 100/4 Roadster
Lot # S210 1954 Austin-Healey 100/4 Roadster; S/N 1B213967M; Red/Black vinyl piped in Red; Black top; Estimate $40,000 – $60,000; Cosmetic restoration, 3 condition; With Reserve; Hammered Sold at $30,000 plus commission of 10.00%; Final Price $33,000 – 2660/90hp, overdrive 3-speed, painted centerlock wire wheels, tonneau cover, banjo steering wheel. – Poor trunk fit. Dull brightwork. Bad door gaps. Average quality older repaint. Very good interior. An older cosmetic redo that’s gotten intermittent attention. – An immaculately restored early Big Healey can be a six-figure car, so those of us on more of a budget have to settle for cars like this one. That’s not such a bad thing, though. It’s flawed but honest with no apparent major needs, and most people would be perfectly happy being seen in it. The seller knew what the car was and what it wasn’t, and set a realistic reserve that was met for an appropriate result.
1997 Porsche 911 993 Turbo Coupe
Lot # S213 1997 Porsche 911 993 Turbo Coupe; S/N WP0AC2991VS375867; Guards Red/Black leather; Estimate $275,000 – $250,000; Unrestored original, 2- condition; With Reserve; Hammered Sold at $140,000 plus commission of 10.00%; Final Price $154,000 – Alloy wheels, sunroof, rear spoiler, cross-drilled rotors, power windows, sports seats, cruise control, factory stereo, rear wiper, Continental tires. – Handful of tiny rock chips on the nose. Otherwise very good original paint. Good, lightly worn interior with small crack on the screen of the radio display. An overall very good final year 993 Turbo with 16,520 miles from new. – A well kept example with low miles is the norm among 993 Turbos that are coming to auction, so this isn’t particularly special. The result it brought wasn’t special, either, just market appropriate at the time sold. Then again, it’s a car that’s less than 20 years old that’s selling above its original MSRP, so unless the seller acquired the car very recently, he made out pretty well with this transaction.
1979 Ferrari 308 GT4 Dino Coupe, Body by Bertone
Lot # S244 1979 Ferrari 308 GT4 Dino Coupe, Body by Bertone; S/N F106AL14970; Rosso Corsa/Black leather; Estimate $100,000 – $130,000; Unrestored original, 2- condition; With Reserve; Not sold at Hammer bid of $50,000 – Alloy wheels, Michelin TRX tires, sunroof, air conditioning, Momo leather-wrapped steering wheel, Alpine CD stereo, power windows, tools, jack, manuals, warranty book. – Good, straight bumper plastic on the front, but a bit scratched up on the rear. Very good paint. Beautiful original interior. Used but clean underneath. Showing 28,838 believable miles. The cheaper Ferraris don’t always get the royal treatment, but this all original car really has. There’s no mention of service history, but on the surface it has been carefully used. – While less overtly sporty and less attractive than a 308 GTB, the GT4 has similarly gained appreciation in recent years and seen values pulled up by a generally growing Ferrari market. While Mecum’s presale estimate on this car was unrealistic, it’s still a commendably kept example, equipped with the desirable sunroof, and in today’s market deserved $15-20,000 more.
1994 Dodge Viper RT/10 Roadster
Lot # S270.1 1994 Dodge Viper RT/10 Roadster; S/N 1B3BR65E0RV100249; Red/Gray leather; Black cloth top; Unrestored original, 2 condition; With Reserve; Hammered Sold at $50,000 plus commission of 10.00%; Final Price $55,000 – Side exhaust, power windows, Chrysler cassette stereo, side curtains. – Other than light scratches on the plastic side windows, this looks every bit the climate control stored, like new Viper it is advertised as. Showing 48 miles and in showroom condition. – Bought at the very top end of RT/10 values. More collector’s item than car, this is a Viper that we may very well see pop up at auction every few years, never moving anywhere but on a trailer and with “48 Original Miles” stickers still proudly displayed on the windshield. It was offered at Mecum’s Chicago sale in October with a reported high bid of $60,000.

[Source: Rick Carey]

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Show Comments (3)

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  1. Was it worth sitting on that idle Viper for 22 years, paying to store and maintain it, for a price of $50-60K? Seems a dose of reality that more value can be derived by just driving it and having fun.

  2. Rick I just wanted to tell you I love reading your honest assessments and insightful commentary. I learn a lot every time. Keep up the great work.