Mecum car prices

[LITTLE TOMMIE]

last time i talked to Craig Jackson, witch has been some time ago he did still owen the silver rs zl1

[quick-bowtie]

Its definately hit and miss, so cars are bringing real good money and other feel way short, Charley and Stefano bought a few.

The ZL1's and the W30 Rag tops are the cars that fell way short in my opinion.

[SBR]

The Mopars seemed soft, although I am no expert on them.

[442w30]

[ QUOTE ]

The ZL1's and the W30 Rag tops are the cars that fell way short in my opinion.

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What did the Oldses get?

[quick-bowtie]

Jesus you'd swear I had to many beers in me with the spelling in my last post.

Anyways the Black X-Chandler W30 Convert brought in the low 80's and the Red w30 convert brought in the 50's.. Pretty sure those were the prices but I did have a couple beers in me..lol

Both cars were Autos but I still thought that was light considering a 72 olds convert brought in the low 70's later in the day..

Does anyone know who bought the Blue ZL1? He looked very familiar

[NovaMob03]

It's not rocket science...The, hit or miss scenario, seems to happen at Mecum because they have too many awesome cars & not enough high end buyers.
Awesome inventory + fewer bidders = lower prices...it's where shrewd buyers, like Stefano, Charley & others go to buy
Les, the sky is not falling

[SBR]

[ QUOTE ]
It's not rocket science...The, hit or miss scenario, seems to happen at Mecum because they have too many awesome cars & not enough high end buyers.
Awesome inventory + fewer bidders = lower prices...it's where shrewd buyers, like Stefano, Charley & others go to buy
Les, the sky is not falling

[/ QUOTE ] I agree, too many cars and waaay too many auctions. There is less excitement between auctions now because it seems like there is another one just around the corner. This is in no way a knock against the auction houses as they are in business to make money and if the demand is there they will have more of them, which will continue to hurt prices JMHO. Overall however I would say the market is still strong for quality no BS stuff, just not crazy money. Not too bad considering consumer confidence is at its lowest point in nearly three decades.
Regards,

[Les Quam]

I agree that high end stuff is still in some circumstances bringing great money. And in some cases crappy stuff is still bringing silly money as in the case of the black Boss 9 that brought 275K plus fees. That being said the pre auction estimates for Dave's cars were 5 million for the 23 cars. I doubt they brought 4 million? The W30 ragtops were expected to bring 200K each. The blue RS ZL-1 was expected to bring 1.5 million or more and the yellow ZL-1 800K to a million. That the two ZL-1 brought roughly half what was expected and the W 30 ragtops if the number reported on this thread is correct is way below market, or what people thought the market was? I think like others have said it was too many quality cars for too few buyers but I also think having the auction in a lousy area of Indy was not a great business plan. Most heavy hitters prefer a resort atmosphere or at least outside of a city like Chicago for their families to have some fun? I can't imagine Dana or Dave are very happy right now?