Mecum Seattle 2014 – Auction Report

Mecum Seattle 2014 – Auction Report Page Three

1969 Chevrolet Corvette L88 Coupe
Lot # S120 1969 Chevrolet Corvette L88 Coupe; S/N 194379S710179; Engine # T1029MR 19S710179; Fathom Green/Green vinyl; Older restoration, 2- condition; Not sold at Hammer bid of $400,000 – 427/’430’hp L88, 4-speed, P/B, heater, Rally wheels with trim rings, red line tires, radio delete, tee tops. – Represented as numbers matching engine, documented with build sheet. The restoration is nine years old but hardly looks like it is older than a few months. – Reported sold at Russo and Steele in Scottsdale in 2006 for $187,000, then a year later at Barrett-Jackson Scottsdale for $264,000. Its impact here in Seattle was diminished by the presence of one of the fabled ’67 L88s and the lackluster bidding gave it little hope of selling. It’s worth every bit of half a million dollars.
1962 Chevrolet Impala Convertible
Lot # S122 1962 Chevrolet Impala Convertible; S/N 21867B257297; Engine # T0306QB; Twilight Turquoise/Black vinyl; Black vinyl top; Older restoration, 2- condition; Not sold at Hammer bid of $63,000 – 409/409hp, three 2-barrels, 4-speed, P/S, P/B, body color wheels, hubcaps, blackwall times, bench seat, rear antenna, pushbutton radio. – Ten year old AACA National First Prize restoration with 5,000 miles since but well-maintained, clean and sharp. Use and age are apparent but only validate the quality of the restoration. An Impala anyone would be proud to own and drive. – Reported sold at Barrett-Jackson Scottsdale in 2005 for $58,320. The engine is properly coded for its year and configuration, but nowhere is it claimed to be the original which makes the reported high bid an appropriate one to recognized the uncertainty, but reasonable also for a sharp ’62 Impala convertible with a legendary engine.
1968 Shelby Mustang GT500KR Fastback
Lot # S125 1968 Shelby Mustang GT500KR Fastback; S/N 8T02R215955-04186; Acapulco Blue, White stripes/Black vinyl; Older restoration, 2 condition; Hammered Sold at $160,000 plus commission of 8.00%; Final Price $172,800 – 428/335hp, 4-speed, P/S, P/B, 10-spoke wheels, Radial T/A tires, pushbutton radio. – Documented with its original build sheet and Marti report, represented as having its original engine and transmission. Very good paint, chrome and interior. A sharp, clean car with a few careful miles since it was done. – A highly desirable Shelby Mustang in attractive colors and benefiting from a sharp, fresh restoration and good documentation. The price it brought reflects its quality, and could even have been a little more without exceeding good sense.
1966 Chevrolet Corvette Coupe
Lot # S127 1966 Chevrolet Corvette Coupe; S/N 194376S115139; Engine # T0211IP 6115139; Yellow/Black leather; Recent restoration, 2- condition; Hammered Sold at $72,000 plus commission of 8.00%; Final Price $77,760 – 427/425hp, 4-speed, AM-FM, transistor ignition, side exhausts, F41 suspension, power antenna, spinner wheel covers, blackwall radials. – Very good paint, chrome and leather interior. Nearly like new underhood with no appreciable use, just some age. Sharp, clean gauges. Block number matches the chassis, but is not represented as matching numbers. – Overlooked in the sizzle surrounding the following year’s 427/435 engine the ’66 427/425hp represents solid value at this market-level price.
1936 Packard Eight Coupe Roadster
Lot # S130 1936 Packard Eight Coupe Roadster; S/N 919249; Black/Black leather; Tan cloth top; Older restoration, 2- condition; Not sold at Hammer bid of $135,000 – 320/130hp, 3-speed, Black wire wheels, wide whitewalls, rumble seat, luggage rack. – Very good older paint, chrome and interior. Not fresh but very well maintained. A standard Eight restored and maintained to Super Eight standards. – Bought only a few months ago at Gooding & Company’s Scottsdale auction at a mid-estimate price of $155,000 hammer, $170,500 with commission, the consignor professed little motivation to sell and the Seattle bidders did not come close to giving sufficient motivation with this bid. As a practical matter it is a $135-$150,000 hammer Packard that will have to be driven and enjoyed to extract some psychic income from ownership.
1963 Chevrolet Corvette Z06 Coupe Race Car
Lot # S140 1963 Chevrolet Corvette Z06 Coupe Race Car; S/N 30837S106844; Engine # 3106844 F0104RF; White/Black vinyl; Competition restoration, 2 condition; Not sold at Hammer bid of $520,000 – 327/360hp Fuel Injection, 4-speed, 36 gallon tank, radio and heater delete, polished aftermarket alloy wheels. – Originally owned by Mickey Thompson, used to promote the Mickey Thompson Rader wheels that do nothing for its appearance. Good paint, chrome and interior. Clean and orderly underhood. sympathetically redone and very close to like new. – A highly desirable Z06 with an interesting ownership history, restored to perfection that was reported bid to $450,000 at Mecum’s Monterey auction in 2012. Another $70,000 didn’t seem to be enough to separate it from its owner’s hands, although maybe it should have.
1992 Acura NSX Coupe
Lot # S148.1 1992 Acura NSX Coupe; S/N JH4NA1156NT000768; Red/Black, Red leather; Unrestored original, 3+ condition; Hammered Sold at $34,000 plus commission of 8.00%; Final Price $36,720 – 18 inch front, 19 inch rear Via modular wheels, Pioneer CD stereo, Momo steering wheel matching the Red/Black leather seats. – Well maintained, clean used car with very good paint and interior. Tidy, clean engine and underbody. Custom wheels and leather seats. – Mildly customized but impressively maintained and showing 81,937 believable miles on the odometer, the impending introduction of a new generation NSX (which Honda’s image badly needs) may provide some needed impetus to the values of the original NSXs. They are great driving cars and this is a healthy but not unreasonable result for a sound and well-maintained one.

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Show Comments (5)

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  1. Reading the fascinating review, one can’t help but have the impression that Mecum delivered market level results for many sellers who had unrealistic values for their cars. They should have sold and commissions should have been paid. Number 3-4 level condition on barely collectibles. Looks like (over)promises were made to bring cars to a new venue as most of these were clearly no reserve autos.

  2. Watched this auction streamed over the three days, and was amazed at the length of time it took to get a bid from the floor. There were some nice cars there, but Rick made a comment that I’d agree with – many cars should have sold at pass-in or before: overvalued, and some didin’t deserve the price they got. Mecums did a good job for their clients, that’s for sure.

  3. Danas comment about the Cuda never being a good car is puzzling. The rarity and performance speaks for itself. Perhaps more dime a dozen chevys is what he likes. Dan.

  4. I restored the 70 Boss 302. Finished it early 2008
    Too bad they never kept it up. A lot of NOS parts in that car.
    Back yard resto.. Az car since purchased from Ford late 1970