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-   -   Mecum prices? (https://www.yenko.net/forum/showthread.php?t=165119)

Luvchevs 01-25-2021 03:17 PM

Quote:

Originally Posted by mprice (Post 1533435)
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.

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%?

Copo_Cartel 01-25-2021 03:28 PM

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

TimG 01-25-2021 03:36 PM

Frank, I hope you got my PM.

Lee Stewart 01-28-2021 12:51 AM

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

Quote:

With more than 2,000 collector cars crossing the block with a resounding 89 percent sell-through rate, Mecum Auctions racked up $122.8 million in sales from its massive 10-day Kissimmee, Florida, auction, the highest overall result for a single-event auction in the company’s history and “an unprecedented sales percentage for a reserve-based auction of this magnitude,” the company said.

Less than a week later, Mecum auctioned the Motor City Museum collection of 200 cars and automobilia lots in Punta Gorda, Florida, adding another $18.4 million to January’s results, for a total of $141.2 million (all results include auction fees).
https://journal.classiccars.com/2021...immee-auction/

WILMASBOYL78 01-28-2021 01:46 AM

Quote:

Originally Posted by 1969l78 (Post 1532521)
This Nova sold at $125,000...wonder what the market for a survivor 69 L78 Nova would be?

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:

300deluxe 01-29-2021 02:04 AM

Did a bunch of comments on this thread get deleted?

PeteLeathersac 01-29-2021 03:11 AM

'

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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