Richard Petty charity Mustang sale wows Mecum’s Dallas auction

A 2015 Ford Mustang GT customized by Richard Petty’s shop was the auction’s top seller | Mecum Auctions photos
A 2015 Ford Mustang GT customized by Richard Petty’s shop was the auction’s top seller | Mecum Auctions photos

With the crowd at Mecum’s Dallas auction electrified by the appearance of NASCAR legend Richard Petty, the charity sale Saturday of a 2015 Mustang GT customized by “The King’s” own Petty’s Garage raised $535,000 for Paralyzed Veterans of America and reigned as the top-selling vehicle of the Texas auction.

The one-of-a-kind Mustang, painted black with Petty Blue highlights, actually sold twice, the first time for $330,000, after which the winning bidder generously donated the Mustang back to the veterans’ group to run through the auction a second time for a sale of $205,000.

NASCAR great Richard Petty greets the crowd at the Dallas sale
NASCAR great Richard Petty greets the crowd at the Dallas sale

Mecum’s fifth-annual Dallas auction posted total sales of $24,809,893 (before auction fees) with 699 cars sold during the four-day event at the Kay Bailey Hutchison Convention Center. The sell-through rate was 65 percent.

Another highlight of the auction was the emotional sale of a one-owner, 3,200-mile 1992 Ferrari 512 TR, one of 378 produced for the U.S. market. After the original owner lifted the reserve at $220,000, a bidding war ensued that crept up in $5,000 increments to a hammer price of $295,000 (results do not include auction fees), the auction’s second-highest sale.

A candy-apple red 1969 Ford Mustang Boss 429 fastback came in third with a $250,000 result, followed by a classic 1957 Ford Thunderbird F-Bird, a factory-supercharged model restored by marque expert Amos Minter, at $225,000. Another NASCAR great, a 1969 Dodge Daytona powered by a 440 cid V8 and four-speed stickshift, rolled off the block with its towering rear wing held high after a $205,000 sale.

“This year’s lineup was very diverse with great examples from nearly every category of collectability,” Mecum consignment director Frank Mecum said in a news release. “Whether you were after a Ford or a Ferrari, the Dallas roster was jam-packed.”

The top-10 sales for Mecum Dallas auction were:

1. 2015 Ford Mustang GT Petty’s Garage at $535,000
2. 1992 Ferrari 512 TR at $295,000
3. 1969 Ford Mustang Boss 429 fastback at $250,000
4. 1957 Ford Thunderbird F-Bird at $225,000
5. 1969 Dodge Daytona at $205,000
6. 1967 Shelby GT500 fastback at $190,000
7. 2007 Ferrari 599 GTB Fiorano at $185,000
8. 1963 Ford Galaxie 500 Lightweight at $160,000
9. 1970 Mercedes-Benz 280SE Cabriolet at $157,500
10. 1964 Ford Galaxie 500XL convertible at $152,500

(Results reflect hammer prices and do not include auction fees)

Mecum’s next collector-car auction will be Oct. 8-10 with 1,000 cars offered at the Renaissance Schaumburg Convention Center in Chicago, followed by a 750-car auction Nov. 12-14 in Anaheim, Calif.

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