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No Vegas jackpot this year for Mecum

No Vegas jackpot this year for Mecum

Recent collector car auction posts only $17.7 million in sales

The third time was not really a charm for Mecum Auctions when it came to selling collector cars in Las Vegas. After exceeding $22 million in sales in each of its first two visits, the auction company posted only $17.7 million in sales at its recent event in the Las Vegas Convention Center. 

The top sale of the event was the $159,500 paid for a 1959 Chevrolet Corvette convertible built on a custom chassis and with a new LS3 engine.

Mecum said 542 vehicles went to new owners with the auction posting a 70 percent sell-through rate. 

Just a smidge higher bid and this 1957 Ford Thunderbird could go to this bidder assistant’s client

Four private collections on the auction docket did perform very well, Mecum said in its post-auction news release. All seven cars in the California Collection sold, for a combined $367,400; 10 of the 11 cars in the Robert Thomas TA Collection of Pontiac Trans Ams brought $328,350;  all 12 of the cars in the Glen Richardson Collection sold, for $453,200; and the 16-car Nashville Collection brought $521,950, again with all of the cars selling.

Among items of automobilia that Mecum terms “Road Art,” the top sales were a Buick Sales and Service tin channel neon sign that brought $47,200 and a double-sided porcelain 1950s Sandman Motel neon sign with arrow that sold for $22,420.

Mecum did not report on its inaugural Mecum Presents Guitar Search by Domino offerings of vintage guitars.

Top 10 sales, Mecum Las Vegas 2019

  1. 1959 Chevrolet Corvette convertible, $159,500
  2. 1967 Ford Mustang fastback Eleanor tribute, $134,750
  3. 1957 Ford Thunderbird F-Code, $133,100
  4. 1967 Shelby GT500 fastback, $132,000
  5. 1967 Chevrolet SS 427, $118,250
  6. 1994 Porsche 911 Speedster, $115,500
  7. 1970 Chevrolet El Camino LS6, $115,500
  8. 1960 Chevrolet Impala resto-mod, $115,500
  9. 1966 Chevrolet Corvette coupe, $115,500
  10. 1970 Plymouth Barracuda convertible, $110,000

(Prices reported include buyer’s fee.)

Since the Las Vegas auction, Mecum has staged its annual Chicago sale in Schaumburg, Illinois, and concludes its 2019 collector car auction year December 5-7 in Kansas City.

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