Worldwide Houston Classic 2012 – Auction Results

1931 Cord L29 Cabriolet for sale
1931 Cord L29 Cabriolet sold for $220,000

Worldwide Auctioneers held its Houston Classic Auction 2012 on Saturday, May 5th at the La Torretta Lake Resort in Montgomery, Texas, resulting in more than $7 million in sales and an 85% sell-through rate.

The 11th annual Houston Classic Auction saw nearly 120 motor cars cross the auction block, in addition to a selection of memorabilia from the Paul J. Meyer Estate Collection. The Full Classics were top sellers at the 2012 Houston Classic Auction, with high sale going to a 1932 Duesenberg Model J LWB Speedster that sold for $297,000. An ACD Category 1 certified 1937 Cord 812 “Sportsman” Convertible Coupe brought $242,000 and a 1931 Cord L29 Cabriolet and 1979 Duesenberg II Boattail Speedster each sold for $220,000, the latter setting a new record.

Other notable sales included the Bloomington Gold-certified 1953 Chevrolet Corvette Roadster, which found a new home for $209,000, a 1958 AC Ace Bristol Roadster that brought $181,500 and a special order 1968 Porsche 911S that sold for $118,250. The auction also featured a selection of 1936 Fords from the Paul J. Meyer Estate Collection, which along with memorabilia from the same collection realized a total of over $800,000 donated by the family to the Paul and Jane Meyer Family Foundation which supports more than 30 charities across the world.

“Great cars, great people and a fantastic venue made this one of our most enjoyable Houston Classic Auctions ever”, said Rod Egan, Principal and Chief Auctioneer of Worldwide Auctioneers. “Our wholehearted thanks go to old friends and new for their ongoing commitment. We also have to thank the folks here at La Torretta, who provided not just a superb new venue, but also unwavering support and enthusiasm during the weekend and in the months leading up to it. We look forward to welcoming our customers back here to Montgomery for many years to come.”

Worldwide Houston Classic 2012 – Top Ten Auction Results

1. 1932 Duesenberg Model J LWB Speedster – $297,000
2. 1937 Cord 812 “Sportsman” Convertible Coupe – $242,000
3. 1931 Cord L29 Cabriolet – $220,000
3. 1979 Duesenberg II Boattail Speedster – $220,000
5. 1936 Packard Twelve Convertible Victoria – $214,500
6. 1953 Chevrolet Corvette Roadster – $209,000
7. 1935 Packard Twelve Convertible Sedan – $203,500
8. 1958 AC Ace Bristol Roadster – $181,500
9. 1911 Packard 30 Limousine – $176,000
10. 1957 Cadillac Eldorado Biarritz Convertible – $170,000

For complete auction results, visit www.worldwide-auctioneers.com.

The 11th annual Houston Classic Auction was held in conjunction with the inaugural Concours d’Elegance of Texas as part of the Houston Classic weekend, a three-day celebration of vintage motoring held on the grounds of La Torretta Lake Resort. Next stop for the Worldwide team is the Auburn Auction, scheduled to run over Labor Day Weekend 2012 from August 31 to September 1, at company headquarters in Auburn, Indiana.

For additional information, visit www.worldwide-auctioneers.com.

[Source: Worldwide Auctioneers]