McCormick’s surge continues with $6.37 million in sales

McCormick’s surge continues with $6.37 million in sales

Cars from the ’50s and ’60s, convertibles dominate the top-10 list at Palm Springs

Palm Springs Exotic Car Auctions, aka McCormick’s, posted a 65 percent sell-through and $6.37 million in sales at its 64th semi-annual collector car auction last week.

“Sales have rebounded from a downtrend a few years ago,” Jason McCormick, auction manager, said in a news release, adding that cars from the 1950s and ‘60s are proving to remain in high demand.

McCormick’s surge continues with $6.37 million in sales | ClassicCars.com

Bidders and others check out the cars before they cross the block

The eight highest prices paid at the sale were all for cars from the ‘50s or ’60s, topped by a 1957 Porsche 356A cabriolet that sold for $180,600. Chevrolets and Fords from the ’50s and ’60s rounded out the top-8.

Eight of the top-9 cars were roadsters or convertibles.

McCormick’s auction No. 62 a year ago posted $5.8 million in sales with 304 cars going to new owners. The fall 2017 sale (No. 63) did $6.12 million with 322 vehicles hammered sold.

McCormick offered 530 vehicles for sale at the auction.

Top 10 sales, McCormick 64

  1. 1957 Porsche 356A cabriolet, $180,600.00
  2. 1965 Chevrolet Corvette (fuel injected) convertible, $78,750.00
  3. 1965 Ford Mustang GT fastback, $78,750.00
  4. 1955 Chevrolet Bel Air convertible, $67,200.00
  5. 1961 Chevrolet Corvette roadster, $63,000.00
  6. 1960 Chevrolet Impala convertible, $61,950.00
  7. 1965 Superformance Shelby Cobra, $57,750.00
  8. 1961 Chevrolet Corvette convertible, $57,750.00
  9. 1970 Ford Mustang GT 500 convertible, $53,550.00
  10. 2003 Bentley Azure Mulliner, $53,550.00

(Price includes buyer’s fee.)

The company’s next sale, its 65th, is scheduled for November 16-18, again at the Palm Springs Convention Center.

 

 

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