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Million Dollar Cobras Top Mecum Indy Auction
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Million Dollar Cobras Top Mecum Indy Auction

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A pair of million-dollar Shelby Cobras took top honors at Dana Mecum’s 29th Original Spring Classic, at the Indiana State Fairgrounds, the largest muscle car auction in the world. A 1967 427 Roadster sold for $1,100,000, while a 1964 289 Roadster hammered for an even $1,000,000. With the Cobras leading the way the auction sales totaled just short of $49 million, with a 70-percent sell-through rate. As expected, American iron dominated the Top 10, with only a 1972 Ferrari Dino GT breaking the Yankee stranglehold on top-dollar sales as the nine other slots were filled by four Shelby creations, two Boss 429 Mustangs, two Yenko Camaros and a Plymouth Hemi Cuda.

The Joe McMurrey Collection of 17 cars, led by the top-selling Cobra 427 and the pair of GT350 Mustangs, brought in a total of $3,412,000.

“With an increase of more than 20 percent in car sales from last year’s event,” said Consignment Director Frank Mecum, “this was another undeniably successful auction for Mecum, and a great testament to this year’s continued growth and strong momentum.”

Top 10 Sales (hammer price):

  1. 1967 Shelby 427 Cobra Roadster – $1,100,000
  2. 1964 Shelby 289 Cobra Roadster – $1,000,000
  3. 1965 Shelby Mustang GT350 Fastback – $500,000
  4. 1970 Plymouth Hemi Cuda – $425,000
  5. 1972 Ferrari Dino GT – $310,000
  6. 1967 Shelby GT350 Fastback – $285,000
  7. 1969 Ford Mustang Boss 429 Fastback – $260,000
  8. 1969 Chevrolet Yenko Camaro – $260,000 (blue)
  9. 1970 Ford Mustang Boss 429 Fastback – $240,000
  10. 1969 Chevrolet Yenko Camaro – $225,000 (yellow)

For complete information please visit www.mecum.com

 

 

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Brand (Chevrolet)Brand (Ferrari)Brand (Ford)Brand (Plymouth)Brand (Shelby)Racetrack (IMS (Indianapolis Motor Speedway))The Market (Auctions & Market)The Market (Auctions)Vendor (Mecum Auctions)

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