While the news is full of economic woes it seems the market for both new and used vehicles has stayed strong. While this is largely due to availability and supply chain issues, one would argue that the availability (or lack thereof) of daily drivers in the form of new and used vehicles really should not impact the classic and collector car market.
With a 50% increase over previous Mecum Dallas Auction records – specialty vehicle sales are booming!
-That Car Lady – Lynn Beckwith
However, “car fever” must be contagious and the supply and demand based price increases of the new and used vehicle market has also effected this formerly small market segment. Check out this recent announcement from Mecum as record breaking sales indicate a huge demand for specialty vehicles.
Record-Setting $55.2 Million at Mecum Dallas 2022
Record-Setting $55.2 Million at Mecum Dallas 2022
50% Increase Over Previous Dallas Auction Record and 84% Sell-Through Achieved
Walworth, Wis. – Sept. 15, 2022 – Mecum’s Dallas 2022 classic and collector car auction lent credence to the claim that everything is bigger in Texas with a record-setting total achieved at the 12th annual event in one of the Lone Star State’s most populous cities. A total of 1,191 vehicles hammered sold in just four days, Sept. 7-10, for an 84% sell-through rate and more than $55.2 million in sales, which amounted to a 50% increase over the auction’s previous record total of $36.8 million. The number of consignments increased by 45% over last year’s Dallas event, and ticket sales saw a 60% increase.
Top-selling vehicles in Dallas were led by a trio of Ford GTs, including a highly coveted 2006 Heritage Edition (Lot F85.1) with just one owner and 420 miles that sold for $704,000, a 2005 (Lot S102) with 2,945 miles that brought $467,500 and a 2006 model (Lot F88) with 513 miles that reached $434,500. The ’06 GT was offered from the auction-headlining Mile High Collection, which achieved total overall sales of more than $3.5 million as 100% of its 26 vehicles hammered sold.
Desirable Mopars also landed among the top 10 list with a rare, one-of-503 1969 Dodge Daytona (Lot S148) that achieved a final sale price of $418,000 nabbing the fourth spot and a 1970 Plymouth Superbird (Lot S187) with 13,900 miles landing seat five with $324,500. From the prewar era was a 1935 Packard 1204 Victoria Custom Convertible (Lot S111) that sold for $319,000, which was followed by a 1993 Ferrari 512TR (Lot S141.1) that brought $312,400 and a 2012 McLaren MP4-12C Gemballa GT (Lot S134.1) that demanded a final sale price of $308,000.
More than 10 private collections were offered in Dallas with the headlining, no-reserve Butler Estate offering reaching a grand total of more than $8.43 million in all and multiple other collection offerings achieving aggregate seven-figure totals as well.
The complete top 10 collector car sales at the Mecum Dallas 2022 auction include:
- 2006 Ford GT Heritage Edition (Lot F85.1) at $704,000
- 2005 Ford GT (Lot S102) at $467,500
- 2006 Ford GT (Lot F88) at $434,500
- 1969 Dodge Daytona (Lot S148) at $418,000
- 1970 Plymouth Superbird (Lot S187) at $324,500
- 1935 Packard 1204 Victoria Custom Convertible (Lot S111) at $319,000
- 1993 Ferrari 512TR (Lot S141.1) at $312,400
- 2012 McLaren MP4-12C Gemballa GT (Lot S134.1) at $308,000
- 1962 Chevrolet Bel Air Custom Bubble Top (Lot S157) at $280,500
- 1969 Plymouth Road Runner Custom Hardtop (Lot F115) at $275,000
For access to complete auction results, sign up for a free MyMecum account at Mecum.com. Mecum’s next live auction event will be held this weekend in Fountain City, Wisconsin, featuring cars and collectibles from Elmer’s Auto and Toy Museum. Following that will be a feat never before achieved by a single collector car auction company: two classic and collector car auctions will be held over the same weekend in different cities. One of the events will be Mecum Chicago, Oct. 13-15, in Schaumburg, Illinois, and the other will be the second-annual Mecum Chattanooga auction, Oct. 14-15, held in conjunction with the Chattanooga Motorcar Festival. For more details on upcoming auctions, to consign a vehicle or to register as a bidder, visit Mecum.com, or call (262) 275-5050 for more information.
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