Here is one that I find incredible!

https://www.mecum.com/lots/FL0121-44...tte-resto-mod/

Sold for $412,500 with the buyer fee.

THE EXACT SAME CAR sold at the Mecum auction 6 months before for less than half that - $200,250 with the buyers fee!

https://www.mecum.com/lots/NC0420-41...tte-resto-mod/

----Lynn,,,While this Buick is pretty clean, I have never seen any GM vehicle with a totally blue interior except for the seats. That, to me, is very strange. The seats look nice, but so out of place!......Bill S

I've been wondering where all the money for crazy prices like this came from in a, supposedly, depressed economy. Is it foreign buyers having Americans bid fro them to hide their identity ? Did they give these people free rein to bid to win, so they just kept bidding ? Many of the prices are insane to me too. Hard to comprehend.

It will be very interesting to see if this frenzy carries over to Rick's auction. I'm betting he is very excited to see this come to him.

That CT70 was insanity. I love them, but whoosh.

L-88 corvettes
 

i like to hear from corvette guys on the 2 L-88 convertables. 290-300k seems really low on L-88 verts. The metal cars looked very strong. One 69 yenko brought about 80k less than the other too??

............................

... I do not think that Yenko sold

... it has "The Bid Goes on "

... :biggthumpup:

...

The two L88 Corvettes are the ones that Mecum ran through as a pair for quite a while. They loose their luster after going through a dozen auctions.

Wow! As a kid, watched our red/white Honda Z50 catch fire and burn. The gas tank developed a hole in it and began to leak. And that was that.

My brother and I shared it. I would imagine myself as a Trial rider in the woods. See how long I could crawl over things without putting my foot on the ground.

After the Z50 burned, we acquired a couple of used Trail 70s. A gold and blue one. Traded the Hondas off when we stepped up to some Yamaha MX bikes.

I evaluated 8 Musclecar City cars for myself and others. Only 1 was a decent car. Lots of re-pop trim tags & bad re-stamps. They really need to hire inspectors to more accurately describe the cars (like BJ). I feel badly for all of the successful bidders who got way less than what they thought they were getting based on the auction descriptions. Hard to believe that bidders are so cavalier with their money though. One ‘66 427/425 Corvette had so much grime on the stamp pad that it couldn’t be read. Up until the car went on the block - no one bothered to even wipe off the pad!

I was just talking to Bill about that, wondering if Mecum offered any inspection services like BJ does, with so many fake tags going across the block for big money. Apparently they don't. The buyers don't care? :dunno:

My thoughts on the big $$ are that... These cars are being bought by guys in their early 60's and up who are not "car knowledgeable" , they remember the cars from when they were young, never turned a wrench and now they have a disposable income.
They want something to look cool in going to cruise night...

My .02 cents worth

And when they find out they've been burnt they will sell their acquisition off and never buy another old car again. It's a shame that they don't arm themselves with information and make a wise purchase. They are folks that will be lost to the hobby forever in some cases. I see this often.

TimG, I sent you an email.

My observation at the typical Mecum Auctions has been that a very high percentage of the cars are bought and sold by dealers trading amongst themselves. I don't think that this was so much the case in Florida. The 2 day auction that just concluded in Florida was even more insane. I would caution everyone to not run out and buy a car based on the results of these two auctions. The results of these two auctions is completely opposite of what I would expect to be seeing in light of the recent leadership change in DC and the people that have already lost their jobs due to the indiscriminate signing of executive orders. I want to see at least one more auction before I jump.

So true. There is a gentleman near by that had that happen on a '67 big block Vette. I have been able to keep him in the collector car community by helping him make corrections to the car and improve it. Through this he has met many good friends and enjoyed improving the car through his stewardship. Now he is much more knowledgable and considering buying his next car.

An expensive lesson but one that can be learned from and make a person better for it.

To your point all this stimulous money has created quite a lot of liquidity and it's showing in hammer prices. Lot's of folks in dire straits, but a lot have made windfall income. Let's see where we are at in fall when the free money and pandemic are waning and we actually total up the level of devastation to the ecomomy. American's are 57 Billion behind in mortgage/rent currentely.

I would also add to this statement that many cars "appear to sell" but don't go to a new owner. Collections like the one being discussed are most often purchased by Mecum and then run through as if they were still owned by the "collector". Don't be surprised if you see many of them show up at future Mecum auctions and selling for less....

Does anyone know if the 67 Z/28 (lot A24 on Friday) really is an unrestored original with original engine, trans and rear?

If that is an original paint car with all original power train, then I would say it is the exception to the outrageous prices. $110k seems pretty reasonable to me.

Anyone know the story?

E36 M3's have nearly doubled in price in the last 2 years as well... I was thinking about picking one up and then saw the market had gone crazy... good examples could be had for $7500 -10k as few as 18 months ago.... now they are 15-20k

The '69 GTO Judge was THE most overpriced auction buy I have seen, probably ever. The car was a mediocre restoration with many wrong parts. INSANE. If it were a time capsule survivor, Ram Air IV with hideaways, being sold by the original owner, sure. But not this.

I have also noticed a lot of dealers buying and selling at the auctions. I just don't understand how they can do this with the auctions getting such a large cut - 20%?

I am sure that 20% is negotiated down to a more desirable number for dealers

Frank, I hope you got my PM.

Mecum breaks own sales records at huge Kissimmee, Florida, auction

https://journal.classiccars.com/2021...immee-auction/

Can't believe that price...repop door panels, wrong headlite bezels, Hurst shifter, radial tires, looks like a hi-rise intake. All I can say is, I must have sold a few cars cheap :smirk:

Did a bunch of comments on this thread get deleted?

'

Are you perhaps thinking of the other Mecum thread?:hmmm:...
https://www.yenko.net/forum/showthread.php?t=165266
:beers:
~ Pete


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