Dallas Auction Successful
Mecum Makes Second Stop
Larry Jewett - September 14, 2012 09:03 AM
Mecum Auctions completed their second annual Dallas Auction, packing over 1,200 vehicles into The Dallas Convention Center. Total sales for the four-day event were $31,618,778 and are expected to easily surpass the $32 million mark once the final totals from Bid Goes On sales are factored in.
The Cars of Hallbrook were presented on opening day with the entire sale broadcast live on Discovery’s Velocity Network. “We essentially had an auction within an auction,” said President and CEO Dana Mecum. “By offering the collection on its own day within a consignment auction on our regular schedule, the cars were able to benefit from all the additional promotion, higher bidder attendance and live national TV exposure associated with our regularly scheduled event, and the results speak for themselves.”
Total sales for The Cars of Hallbrook Collection surpassed $5.2 million, with 82 vehicles going to new homes thanks to an incredible 85 percent sell-through rate. Topping the list of sold vehicles was a 2005 Ford GT (Lot W49) with only 1,021 miles, hammering for $187,500. Three cars from the Hallbrook Collection made the list of top ten sales for the entire Dallas Auction.
The ensuing three days of the Dallas Auction saw huge crowds and intense bidding on a total of over 1,200 vehicles, 808 of which were hammered sold for an impressive sell-through rate of nearly 70 percent. The top sale price of the auction was garnered by Lot S86, a well-documented Triple Black 1967 Corvette 427/435 HP Convertible selling for $285,000. Coming a close second was Lot S136.1, a certified real-deal 1969 Yenko Camaro changing hands for $240,000.
Dallas Auction 2012 Top 5 Vehicle Sales (all sales reflect hammer prices) were:
1. 1967 Chevrolet Corvette Convertible 427/435 HP (S86) at $285,000
2. 1969 Chevrolet Yenko Camaro (S136.1) at $240,000
3. 1967 Chevrolet Corvette Coupe 427/435 HP (S86.1) at $200,000
4. 2005 Ford GT (W49) at $187,500
5. 1969 Pontiac Trans Am Ram Air IV (F220.1) at $185,000
Complete auction results are available to Mecum InfoNet members, which is free to join at mecum.com. Members can login to see car-by car results by visiting the results page.
Next on the action packed event on the 2012 schedule is Mecum’s Fall Premier Auction, October 25-27 at the Pheasant Run Resort located in St. Charles, Illinois. To become a registered bidder or to consign a vehicle, go to mecum.com or call (262) 275-5050.