Mecum Auction events are coming to the Lone Star state with the launch of a new Dallas Auction, scheduled for Oct. 7-8, 2011 at the Dallas Convention Center. Mecum plans to offer 600 classic and collector cars for sale during the two-day event. Proving that big-time auto auctions are becoming as much reality TV as a collector's meeting - the auction will be broadcast nationally on the company's popular television series "Mecum Auto Auction: Muscle Cars & More" airing on Discovery Communications HD Theater.
"The past few years have marked exciting growth for Mecum Auctions as we have successfully expanded across the country with new auction locations, more days at each event, and increasing car counts to best serve our customers," Mecum said. "There has been a high demand from enthusiasts and collectors to come to Texas, and we look forward to adding this event to our annual schedule."
Mecum's Spring Auction, recently completed in Indianapolis, Indiana, yielded over $50 million in total sales, although only 1,249 vehicles sold, out of the 1,918 vehicles that crossed the block. That means only a 66% sell-through rate at a total hammer price of about $47 million. Additionally, 1,463 lots of memorabilia were offered, with 1,416 or 97% items selling through at the hammer price of $906,605.
Top Corvette sales for the event were a 1969 L-88 coupe at $210,000, and a 1967 427/435 convertible at $157,500.