Mecum auction tops $31.4 million in Dallas

 The top-selling 1969 Corvette L88 convertible is one of two in black-on-black | Mecum Auctions
The top-selling 1969 Corvette L88 convertible is one of two in black-on-black | Mecum Auctions

After the rush of multi-million-dollar Ferraris and other seemingly unobtainable exotics at the recent Monterey collector-car auctions, it’s a relief to see the results of Mecum’s Dallas auction, where Chevys and Fords topped the bidding.

Total sales at Mecum’s fourth annual Dallas auction came to $31,428,039, with 766 of the 1,155 cars going to new owners, a 66 percent sell-through rate. That’s a drop from last year’s sale, which came to nearly $38 million, although that was with nearly 300 more cars crossing the block, including the top-selling 1967 Corvette L88 convertible that went for $3.2 million.

There were no million-dollar sales this year, although another Corvette L88 again led the pack. This one, a 1969 convertible race car that was ordered new by renowned L88 racer Tony DeLorenzo, hammered sold for $680,000, plus auction fees. The high-performance Vette is one of just two finished in black-on-black.

Four modern Ford GTs are among the top-10 sellers | Mecum Auctions
Four modern Ford GTs are among the top-10 sellers | Mecum Auctions

A couple of Camaros fill the next two top-sales slots: The first 1967 Camaro ever ordered by famed Yenko Chevrolet, which reached $300,000 (prices listed here do not include Mecum buyer’s fees), and an award-winning product of Yenko’s performance magic, a 1969 Yenko coupe, which hit $285,000.

Late-model Ford GT coupes, which have gained “instant collectability” status, made up no fewer than four of the top-10 spots at the Dallas auction, with impressive totals ranging from $280,000 to $255,000.

Mecum Dallas auction 2014, top-10 sales (prices do not include buyer’s fees):

1. 1969 Chevrolet Corvette L88 convertible, $680,000
2. 1967 Chevrolet Camaro, $300,000
3. 1969 Chevrolet Yenko Camaro, $285,000
4. 2005 Ford GT, $280,000
5. 1967 Chevrolet Corvette convertible , $270,000
6. 2005 Ford GT, $260,000
7. 2006 Ford GT, $255,000
8. 2005 Ford GT, $255,000
9. 1971 Dodge Hemi Challenger R/T, $250,000
10. 2013 McLaren MP4-12C Spyder, $215,000

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