Mecum Kissimmee 2016 – Auction Report

Mecum Kissimmee 2016 – Auction Report Page Nine

1961 Chevrolet Corvette FI Convertible
Lot # S126 1961 Chevrolet Corvette FI Convertible; S/N 10867S103477; Engine # 1103477 FTT17CS; Roman Red/Red vinyl; White top; Estimate $100,000 – $125,000; Cosmetic restoration, 2- condition; No Reserve; Hammered Sold at $95,000 plus commission of 10.00%; Final Price $104,500 – 283/315hp Fuel Injection, 4-speed, RPO 687 heavy duty suspension, metallic brakes, stabilizer bar, fast steering adapter, 3.70 Positraction, off road exhaust, power windows, hard top, WonderBar radio, heater, steel wheels with hub caps, Goodyear blackwalls. – Big Brake Fuelie. Represented as matching numbers. Paint chip right behind the driver’s door. Paint on the headlight bezels doesn’t quite match the rest of the paint. Very good paint otherwise. Clean, not fully restored engine bay with a mix of new and original bits. Clean but all original underbody. Very good interior. A decent cosmetic restoration. Its equipment is what makes it a standout, though, and it’s one of the hottest straight axle Corvettes you can buy. – Sold by Barrett-Jackson in Palm Beach 2007 for $84,700 and still an exceptional Corvette today when it was bought for an appropriate price. After commissions the buyer just about broke even from 2007.
1958 Porsche 356A 1600 Super Cabriolet, Body by Reutter
Lot # S132 1958 Porsche 356A 1600 Super Cabriolet, Body by Reutter; S/N 150523; Green/Tan leather; Tan cloth top; Estimate $175,000 – $225,000; Visually maintained, largely original, 3 condition; With Reserve; Hammered Sold at $120,000 plus commission of 10.00%; Final Price $132,000 – 1582/70hp, hub caps, Michelin tires, Blaupunkt radio, VDO dash clock, Porsche CofA. – Dull bumpers and brightwork. Several small cracks and chips on the tail. Good older repaint otherwise. Original switchgear and steering wheel, which is old and pitted. Good older interior. Correct carpets. Very good top. A little dirty underneath. Well kept, honest and mostly original with erratic cosmetic attention to keep it in usable condition. – Whew! This is serious money for a consistently mediocre Porsche Cab. The price values originality far more than condition.
2005 Ford GT Coupe
Lot # S133 2005 Ford GT Coupe; S/N 1FAFP90S45Y401528; Centennial White, Blue stripes/Black leather; Estimate $400,000 – $450,000; Unrestored original, 2 condition; With Reserve; Not sold at Hammer bid of $350,000 – All four options, power windows, air conditioning. – Aerodynamic package. From the Unique Collectibles collection. A standard, like-new GT with 100 miles on it. – Sold at Mecum Dallas in 2014 with less than 50 miles on it for $302,400. Every Mecum sale has at least one like-new GT, and this one had two. This white 100-mile example hammered not sold at $350,000, and another red one with 18 miles on it hammered sold later in the day for the exact same price. Both were appropriate prices. One seller just had more realistic expectations. If you ride the crest of the wave expect to get tumbled when it curls. This car is riding the crest.
1970 Ford Mustang Boss 302 SportsRoof
Lot # S136 1970 Ford Mustang Boss 302 SportsRoof; S/N 0F02G131715; Medium Lime Metallic, Black/Black vinyl; Estimate $65,000 – $80,000; Visually maintained, largely original, 2- condition; With Reserve; Hammered Sold at $62,000 plus commission of 10.00%; Final Price $68,200 – 302/290hp, 4-speed, 3.91 Traction-Lok, shaker hood, Magnum 500 wheels, Polyglas GT tires, rear spoiler, rear window slats, Hurst T-handle shifter, woodgrain console, Philco radio, Deluxe Marti report. – Mostly original paint. Original exhaust. Original engine. A few small chips and scratches in the black hood stripes. Touched up chip right on the nose. Dull paint on the hood scoop. Several scratches on the rear spoiler. Very good interior. Lightly used engine bay and underbody. Represented with 31,575 actual miles. – Sold at Barrett-Jackson Las Vegas in 2008 for $77,000, then at Mecum Dallas in 2011 for $50,350. It’s reached a better level here with some value added for its original paint, exhaust and probably original interior. A choice Boss 302 that got little respect for its originality in its price and generally well preserved condition. The buyer recognized quality and got a good value when many other bidders were looking for cubic inches.
1968 Chevrolet Corvette L88 Coupe
Lot # S140 1968 Chevrolet Corvette L88 Coupe; S/N 194378S417431; Silverstone Silver/Black vinyl; Estimate $700,000 – $900,000; Older restoration, 3+ condition; With Reserve; Not sold at Hammer bid of $550,000 – 427/430hp L88, M22 4-speed, tank sticker documented, off road exhaust, 4.56 Positraction, F41 suspension, power brakes, Protect-O-Plate, head restraints, Rally wheels, Goodyear Speedway Wide Tread tires, teakwood steering wheel, radio delete, dash clock. – Bloomington Gold certified 1988. NCRS Top Flight the same year. One of 80 1968 L88s, tank sticker documented. Body-off restored in 1987. Comes with judging sheets. Small paint crack on the right side of the hood and a small blister on the nose. Another small crack at the rear of the driver’s door. Otherwise a sound older repaint and chrome. Very good seat upholstery and carpets, but fairly dull original switchgear with some paint flaked off the console. Tidy but used engine bay and underbody. A high quality restoration, but done almost three decades ago and it’s showing its age. Even so, it’s a genuine, documented L88 so it’s hard to fault. – This is an epic L88 but with only originality and aged condition going for it the bid here is nothing if not reasonable. An old and rare car, one of 80 L88s in 1968, it has no history, only its performance and rarity going for it and that makes the reported high bid reasonable.
1959 Chevrolet Impala Convertible
Lot # S140.1 1959 Chevrolet Impala Convertible; S/N F59L121770; Rio Red/Red vinyl with Red and White cloth inserts; White vinyl top; Estimate $130,000 – $160,000; Recent restoration, 2+ condition; With Reserve; Hammered Sold at $105,000 plus commission of 10.00%; Final Price $115,500 – 348/280hp, 4-speed, Red steel wheels with spinner wheel covers, whitewalls, triple Holley 2-barrels, 6-way power seat, power steering, power brakes, power top, WonderBar radio. – Body-off restored last year and 342 miles ago. NOS trim. Very good paint, chrome, interior and underneath. Spotless trunk. Very clean engine bay and chassis. Not overdone, but brought back to like new and very impressively equipped. – A die and go to heaven ’59 Impala 348 convertible, restored to better than new condition although the consignor failed to mention if this was the way it emerged from the factory in 1959. Doubts aside, though, this is a superlative Chevy and an appropriate price for its configuration and presentation.
2005 Ferrari 575M Maranello Coupe, Body by Pininfarina
Lot # S146 2005 Ferrari 575M Maranello Coupe, Body by Pininfarina; S/N ZFFBV55A750139933; Red/Black leather; Unrestored original, 2 condition; With Reserve; Not sold at Hammer bid of $220,000 – Alloy wheels, Bridgestone Pilot Sport tires, paddle shifters, power windows, air conditioning, factory radio. – From the Unique Collectibles collection. Service records. Very good original paint and interior. Not quite like new, but more like a car that’s a couple years old and has been taken on a long trip or two while always being carefully kept. – With all the talk of modern classics and late model exotics commanding premium prices at auction, this 575M is still just a used car, albeit one that hasn’t depreciated by much. It would have cost about $250,000 when new.
1996 Porsche 911 993 Turbo Coupe
Lot # S150 1996 Porsche 911 993 Turbo Coupe; S/N WP0AC2991TS376031; Red/Red leather; Estimate $300,000 – $375,000; Unrestored original, 2- condition; With Reserve; Hammered Sold at $305,000 plus commission of 10.00%; Final Price $335,500 – Sunroof, rear wiper, cross-drilled rotors, air conditioning, power brakes, power seats, tinted glass, partial wood steering wheel rim and shift knob, factory cassette stereo. – Small paint bubble in the nose. Otherwise well kept original paint and lightly worn interior. Clean underneath. Not quite like new but more than good enough in condition that matches the 5,866 miles on the odometer that are represented to be all it has covered from new. – Even in today’s Porsche craziness, this is a big result that far surpasses this 20-year-old car’s original MSRP and approaches Turbo S money. The buyer here bid out of love for this car, and with its red paint, red interior, and red wheels, we can probably guess what his favorite color is.

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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.