Mecum auction tops $31.4 million in Dallas

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The top-selling 1969 Corvette L88 convertible is one of two in black-on-black | Mecum Auctions
 The top-selling 1969 Corvette L88 convertible is one of two in black-on-black | Mecum Auctions
The top-selling 1969 Corvette L88 convertible is one of two in black-on-black | Mecum Auctions

After the rush of multi-million-dollar Ferraris and other seemingly unobtainable exotics at the recent Monterey collector-car auctions, it’s a relief to see the results of Mecum’s Dallas auction, where Chevys and Fords topped the bidding.

Total sales at Mecum’s fourth annual Dallas auction came to $31,428,039, with 766 of the 1,155 cars going to new owners, a 66 percent sell-through rate. That’s a drop from last year’s sale, which came to nearly $38 million, although that was with nearly 300 more cars crossing the block, including the top-selling 1967 Corvette L88 convertible that went for $3.2 million.

There were no million-dollar sales this year, although another Corvette L88 again led the pack. This one, a 1969 convertible race car that was ordered new by renowned L88 racer Tony DeLorenzo, hammered sold for $680,000, plus auction fees. The high-performance Vette is one of just two finished in black-on-black.

Four modern Ford GTs are among the top-10 sellers | Mecum Auctions
Four modern Ford GTs are among the top-10 sellers | Mecum Auctions

A couple of Camaros fill the next two top-sales slots: The first 1967 Camaro ever ordered by famed Yenko Chevrolet, which reached $300,000 (prices listed here do not include Mecum buyer’s fees), and an award-winning product of Yenko’s performance magic, a 1969 Yenko coupe, which hit $285,000.

Late-model Ford GT coupes, which have gained “instant collectability” status, made up no fewer than four of the top-10 spots at the Dallas auction, with impressive totals ranging from $280,000 to $255,000.

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Mecum Dallas auction 2014, top-10 sales (prices do not include buyer’s fees):

1. 1969 Chevrolet Corvette L88 convertible, $680,000
2. 1967 Chevrolet Camaro, $300,000
3. 1969 Chevrolet Yenko Camaro, $285,000
4. 2005 Ford GT, $280,000
5. 1967 Chevrolet Corvette convertible , $270,000
6. 2005 Ford GT, $260,000
7. 2006 Ford GT, $255,000
8. 2005 Ford GT, $255,000
9. 1971 Dodge Hemi Challenger R/T, $250,000
10. 2013 McLaren MP4-12C Spyder, $215,000

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Bob Golfen is a longtime automotive writer and editor, focusing on new vehicles, collector cars, car culture and the automotive lifestyle. He is the former automotive writer and editor for The Arizona Republic and SPEED.com, the website for the SPEED motorsports channel. He has written free-lance articles for a number of publications, including Autoweek, The New York Times and Barrett-Jackson auction catalogs. A collector car enthusiast with a wide range of knowledge about the old cars that we all love and desire, Bob enjoys tinkering with archaic machinery. His current obsession is a 1962 Porsche 356 Super coupe.

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