Led by a quartet of Ford performance cars, Mecum Auctions sold $21.7 worth of collector vehicles, not including auction fees, during its three-day Houston sale last weekend, up from last year’s $20 million Houston auction. The sell-through rate was a solid 70 percent with 554 cars sold out of 793 offered.
A 1969 Ford Mustang Boss 429 fastback reigned as top seller, achieving $325,000 on the block (Mecum results do not include buyer premiums), followed by a 1969 Ford Shelby GT500 convertible for $250,000. Next came a low-mileage, supercharged 2005 Ford GT boasting 550 horsepower that went for $245,000, while a 1967 Ford Shelby GT500 fastback hit $190,000.
The top 10 represented a mix of late-model exotics and classic American muscle. The LaQuay collection of 54 vehicles sold for a total of $3.3 million, and the Emalee Burton Collection of seven cars bringing $800,000.
Mecum reported a strong crowd of bidders and spectators at the auction held April 6-8 at the NRG Arena in Houston.
The top 10 sales at the Mecum Houston 2017 auction were:
1. 1969 Ford Mustang Boss 429 fastback at $325,000
2. 1969 Shelby GT500 convertible at $250,000
3. 2005 Ford GT at $245,000
4. 1967 Shelby GT500 fastback at $190,000
5. 1967 Chevrolet Corvette resto mod at $185,500
6. 1970 Plymouth Hemi ‘Cuda at $180,000
7. 2008 Lamborghini Murcielago LP640 at $170,000
8. 1989 Ferrari Testarossa at $162,500
9. 2003 Ferrari 575M Maranello at $150,000
10. 1963 Chevrolet Corvette split-window coupe at $140,000
(Results do not include buyer’s premiums)
Mecum’s next auction is its 30th anniversary Original Spring Classic sale at the Indiana State Fairgrounds in Indianapolis, with as any as 2,000 vehicles expected to cross the block. For information, visit the auction website.