Richard Petty charity Mustang sale wows Mecum’s Dallas auction

Richard Petty charity Mustang sale wows Mecum’s Dallas auction

With the crowd at Mecum’s Dallas auction electrified by the appearance of NASCAR legend Richard Petty, the charity sale raised $535,000 for Paralyzed Veterans of America.

A 2015 Ford Mustang GT customized by Richard Petty’s shop was the auction’s top seller | Mecum Auctions photos

A 2015 Ford Mustang GT customized by Richard Petty’s shop was the auction’s top seller | Mecum Auctions photos

With the crowd at Mecum’s Dallas auction electrified by the appearance of NASCAR legend Richard Petty, the charity sale Saturday of a 2015 Mustang GT customized by “The King’s” own Petty’s Garage raised $535,000 for Paralyzed Veterans of America and reigned as the top-selling vehicle of the Texas auction.

The one-of-a-kind Mustang, painted black with Petty Blue highlights, actually sold twice, the first time for $330,000, after which the winning bidder generously donated the Mustang back to the veterans’ group to run through the auction a second time for a sale of $205,000.

NASCAR great Richard Petty greets the crowd at the Dallas sale

NASCAR great Richard Petty greets the crowd at the Dallas sale

Mecum’s fifth-annual Dallas auction posted total sales of $24,809,893 (before auction fees) with 699 cars sold during the four-day event at the Kay Bailey Hutchison Convention Center. The sell-through rate was 65 percent.

Another highlight of the auction was the emotional sale of a one-owner, 3,200-mile 1992 Ferrari 512 TR, one of 378 produced for the U.S. market. After the original owner lifted the reserve at $220,000, a bidding war ensued that crept up in $5,000 increments to a hammer price of $295,000 (results do not include auction fees), the auction’s second-highest sale.

A candy-apple red 1969 Ford Mustang Boss 429 fastback came in third with a $250,000 result, followed by a classic 1957 Ford Thunderbird F-Bird, a factory-supercharged model restored by marque expert Amos Minter, at $225,000. Another NASCAR great, a 1969 Dodge Daytona powered by a 440 cid V8 and four-speed stickshift, rolled off the block with its towering rear wing held high after a $205,000 sale.

“This year’s lineup was very diverse with great examples from nearly every category of collectability,” Mecum consignment director Frank Mecum said in a news release. “Whether you were after a Ford or a Ferrari, the Dallas roster was jam-packed.”

The top-10 sales for Mecum Dallas auction were:

1. 2015 Ford Mustang GT Petty’s Garage at $535,000
2. 1992 Ferrari 512 TR at $295,000
3. 1969 Ford Mustang Boss 429 fastback at $250,000
4. 1957 Ford Thunderbird F-Bird at $225,000
5. 1969 Dodge Daytona at $205,000
6. 1967 Shelby GT500 fastback at $190,000
7. 2007 Ferrari 599 GTB Fiorano at $185,000
8. 1963 Ford Galaxie 500 Lightweight at $160,000
9. 1970 Mercedes-Benz 280SE Cabriolet at $157,500
10. 1964 Ford Galaxie 500XL convertible at $152,500

(Results reflect hammer prices and do not include auction fees)

Mecum’s next collector-car auction will be Oct. 8-10 with 1,000 cars offered at the Renaissance Schaumburg Convention Center in Chicago, followed by a 750-car auction Nov. 12-14 in Anaheim, Calif.

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