Mecum Original Spring Classic 2013 – Auction Report

Mecum Indianapolis Original Spring Classic 2013 – Auction Report Page Ten

1970 Plymouth Road Runner Superbird
Lot # U087 1970 Plymouth Road Runner Superbird 2-Dr. Hardtop; S/N RM23V0A177604; Alpine White, Matte Black hood, Black vinyl roof/White; Cosmetic restoration, 3+ condition; Not sold at Hammer bid of $140,000 $140,000. – 440/390hp Six Barrel, 4-speed, P/B, P/S, Magnum wheels with chrome rims, Goodyear race tires, Hurst pistol grip shifter, pushbutton radio, painted Road Runner graphics, gauges – The car card says this Superbird was raced in NASCAR by Roger McCluskey but its race history has been subsumed by a superficial cosmetic restoration in street car condition and some tacky Road Runner graphics. Very good paint, chrome and interior. Chassis is generously coated in road grime. Underbody has old undercoat. – Now it’s neither fish nor fowl, just a mediocre restoration with pointless graphics. Its NASCAR history is tenuous at best and ultimately irrelevant. A money offer over $100K should have been sufficient to see this Superbird loose and selling.
1969 Dodge Charger Daytona
Lot # U091 1969 Dodge Charger Daytona 2-Dr. Hardtop; S/N XX29L9B355105; Yellow, Black tail band and wing/Black; Recent restoration, 2 condition; Not sold at Hammer bid of $155,000 $155,000. – 440/375hp upgraded with Six Pack, automatic, P/S, P/B, Magnum wheels with trim rings, redline tires, dual outside mirrors, woodgrain steering wheel and console, cruise control, P/W, gauges – Freshly restored to showroom condition. Excellent attention to detail and cosmetics but the tail band is vinyl that doesn’t match the wing paint. 6,080 miles from new, documented with broadcast sheet. – The seller describes this as a ‘dealer-installed 440 Six Pack’ which is an essentially meaningless distinction. This was the last of the nine winged Mopars at Mecum Indy and with this configuration, even with the high quality restoration, it does not show good sense not to let it go, least of all if there was money anywhere near this bid. The same car before restoration but sound and usable was sold at Russo and Steele in Scottsdale in 2006 for $156,000, which may explain the sellers’ reluctance to part with it after adding significantly to its cost basis with the restoration. The sad fact is that the market’s appetite for expensive Charger Daytonas has slipped, and this handsome car is now perpetually under water. The sellers just need to accept the changed circumstances.
1963 Porsche 356B Cabriolet
Lot # U100 1963 Porsche 356B Cabriolet, Body by Reutter; S/N 156107; Engine # P607603; Cream (738)/Black leather; Black cloth top; Cosmetic restoration, 3+ condition; Hammered Sold at $102,000 plus commission of 7.00%; Final Price $109,140. – Blaupunkt multiband radio, silver painted wheels, Knecht air filters, clock, T6 twin grille body – Sound, presentable repaint, good new interior and older top. Lace-on leather steering wheel cover. Driver’s door isn’t flush, but close enough. Sound, straight California body. Pitted engine cover grilles and some other trim items, particularly the windshield lock strip. Engine compartment is orderly but not restored. A sound and presentable Porsche driver. – The chassis number would put this 356B in late ’61 production, as would the engine. This price is where Speedsters were not so long ago although in a Cab you get comfortable seats, headroom and rollup windows. A sound Porsche, the price pushes the envelope for this car’s condition.
 1966 Pontiac GTO 2-Dr. Hardtop
Lot # W156 1966 Pontiac GTO 2-Dr. Hardtop; S/N 242176P252405; Engine # 429942WT; Blue-Green/Blue-Green vinyl; Cosmetic restoration, 3+ condition; Hammered Sold at $34,000 plus commission of 7.00%; Final Price $36,380. – 389/335hp with Tri-Power added, 4-speed, P/B, buckets, no console, publication radio, black steel wheels, hubcaps, red line bias ply tires – Sound repaint, chrome, upholstery and glass. Sound, orderly engine compartment showing some use and age. Attractive colors. Cosmetically restored to good standards, an attractive and usable driver quality GTO. – The prices of GTOs are still a little surprising, lagging Chevelles by a considerable margin. That makes them a relatively good value even though, as in this case, their prices are in line with similar GTOs. The new owner could look long and hard before finding a less expensive way to gain the Muscle Car experience.
1967 Dodge Charger Hemi 2-Dr. Hardtop
Lot # W198 1967 Dodge Charger Hemi 2-Dr. Hardtop; S/N XP29J72136088; Green/None; Recent restoration, 5 condition; Hammered Sold at $8,500 plus commission of 5.88%; Final Price $9,000. No Reserve – 426/425 Hemi, automatic. – Burnt to a crisp on the day its picture was taken for its feature/star car presentation in the Mecum Indy catalog. – This is scrap money and a discount (for hauling away the toasted junk body and chassis) on the value of the block core and heads for a non-matching numbers Hemi restoration project, but this is a thoroughly destroyed, incinerated, fried, immolated scrap Charger. The fact that the block is matching numbers to the Charger is, at this point, irrelevant.
1955 Buick Century 2-Dr. Hardtop
Lot # W200.1 1955 Buick Century 2-Dr. Hardtop; S/N 6B2054746; Red, White/Rid, White leatherette; Cosmetic restoration, 3- condition; Not sold at Hammer bid of $25,500 $25,500. – Automatic, P/S, P/B, P/W, spinner wheel covers, whitewalls, pushbutton radio – Shiny old repaint, thin trim chrome, rust blisters along hood front. Good interior. Engine is orderly but aged. Chassis is dirty. Makes a good first impression that doesn’t hold up. – With the Century Buick foreshadowed the big engine/small body Muscle Car by years, even before the mid-50’s when this Century was the banker’s hot rod. Neglected and superficially dressed up, this Century should have been on its way to a new owner well before it reached this price.
1935 Chevrolet Standard Coupe
Lot # W220 1935 Chevrolet Standard Coupe; S/N 1EC121269; Ivory/Brown mohair; Recent restoration, 2- condition; Hammered Sold at $30,000 plus commission of 7.00%; Final Price $32,100. – Body color wire wheels, hubcaps, blackwall tires, trunk, rear-mounted spare, fog lights – Good paint, chrome, interior, glass and engine. Restored like new but with poor woodgraining on dash and windowsills. Goose hood ornament has lost its head. Chassis and underbody are like new. – There must be a dozen ’35 Fords for every ’35 Chevy that survives. That doesn’t translate into value, however, and this is a realistic price for this Standard Chevy with its basic appointments and live axle suspension.
966 Chevrolet Corvette Coupe
Lot # W246 1966 Chevrolet Corvette Coupe; S/N 194376S125339; Engine # T0622IP 6225339; Marina Blue/Blue; Older restoration, 3+ condition; Hammered Sold at $95,000 plus commission of 7.00%; Final Price $101,650. – 427/425hp, 4-speed, 4.11 Positraction, P/S, P/B, AM-FM, spinner wheel covers, narrow whitewalls, woodgrain steering wheel, side exhausts, power antenna – An older restoration with miles evident on the engine, chassis and interior and a fresh repaint to make it look good for the auction. – The repaint paid off. This mid-year Corvette was offered by Mecum at Bloomington Gold in 2010 where it brought a high bid of $59,000. This result would be generous for a Roadster in this condition. For this Coupe it is excessive.
1956 Chevrolet Bel Air 2-Dr. Hardtop
Lot # W273 1956 Chevrolet Bel Air 2-Dr. Hardtop; S/N VC56K001986; Matador Red, Dune Beige/Red vinyl, Beige cloth; Older restoration, 2- condition; Hammered Sold at $37,000 plus commission of 7.00%; Final Price $39,590. – 265/162hp 2-barrel, 3-speed, pushbutton radio, tissue dispenser, wire wheel covers, whitewalls, grille guard, sill trim, door handle guards, stoplight viewer – An older restoration to like new condition showing a little age but little use, too. Paint is very good except for cracks on top of the left front fender. A few other details need attention but it won’t take much to be back in showroom condition. – All credit to the honest restoration of this ’56 Bel Air. It could have been given a Power Pack 4-barrel intake, or even dual quads, and there would be no way to tell it hadn’t been built that way. This is a quality restoration that will be even better after some remedial detailing and maybe some attention to the fender’s prep and paint. It is a sound value at this price.
1986 Ferrari Mondial 3.2 Cabriolet
Lot # W293 1986 Ferrari Mondial 3.2 Cabriolet; S/N ZFFXC26A3G0060531; Red/Tan leather; Black cloth top; Visually maintained, largely original, 3+ condition; Not sold at Hammer bid of $20,000 $20,000. – TRX wheels and tires, P/W – Good paint with a few nose chips. Good top and lightly worn interior. A clean and well maintained used Mondial. Good tires with lots of tread. 12,465 miles showing could be real. – This may be the most frequently traded Mondial in the world. Sold for $39,960 at Barrett-Jackson Scottsdale in 2004 and 2005 (yes, the same price), then $43,200 in 2006 and $28,600 in Las Vegas in 2008 and $26,400 back in WestWorld in 2012. Not surprisingly it didn’t find a home at this bid in 2013.
1979 Porsche 930
Lot # W302 1979 Porsche 930 Turbo Coupe; S/N 9309800346; Black/Black leather; Unrestored original, 3- condition; Hammered Sold at $41,000 plus commission of 7.00%; Final Price $43,870. – Sunroof, Clarion CD changer stereo, P/W, BBS modular wheels – Tired, musty-smelling used car. Worn original interior, sound but unattractive paint. An unappealing, neglected Porsche. – The bidders shrugged off the deficient condition of this 930 Turbo and planted a big kiss on the seller with this price.
1947 Lincoln Convertible
Lot # W308 1947 Lincoln Convertible; S/N 7H159982; Metallic Green/Brown, tan leatherette; Bleached cloth top; Visually maintained, largely original, 4+ condition; Hammered Sold at $48,000 plus commission of 7.00%; Final Price $51,360. – Radio, P/W, power top, heater, clock, skirts, hubcaps, trim rings, wide whitewalls – Sound, clean, orderly largely original old car with a decent recent repaint. Scratched window trim, sound older upholstery but not very attractive. Top is old, frayed and fragile. Thin interior chrome. Has many needs. – This price should have bought a real restored car, not this tired, erratic, aged superficial cosmetic restoration. It is overvalued by a third at this result.

[Source: Rick Carey]