Before we talk about the auction results at Mecum's 2011 Kansas City auction, a big shout-out is due to Mecum for winning the Best Classic Car Auction in About.com's Reader's Choice awards! Our readers voted Mecum into first place by a wide margin.
At this year's Mecum Kansas City Auction, the top sale was $188,000 (hammer price) for a 1965 Corvette Convertible 396/425 horsepower, 4-speed. The car carries the hard-to-get Bloomington Gold Benchmark status, which means that the car must be pretty much perfect, and also unrestored, which means it has to have been kept perfect all its life.
The time capsule-worthy Rally Red big block '65 was part of a host of Corvettes that sold during the two-day event in K.C. Overall, the event was a celebration of the C2 years from 1963-1967. Top Corvette sales included:
- 1965 Chevrolet Corvette Convertible (Lot S65) at $188,000
- 1963 Chevrolet Corvette Coupe (Lot F111.1) at $78,000
- 1967 Chevrolet Corvette Convertible (Lot S64) at $60,000
- 1966 Chevrolet Corvette Convertible (Lot S130) at $56,000
- 1965 Chevrolet Corvette Convertible (Lot S82) at $53,000
- 1966 Chevrolet Corvette Convertible (Lot S51) at $51,000
What this shows is that C2 Corvettes are rightly favored by collectors, and as the economy recovers over the next few years, look to see the already high prices for quality C2 Corvettes head for low earth orbit. For upside potential, look to the C3 - when the C2 prices are out of reach, the C3 will get pulled along for some tidy gains.
Complete auction event results are available to Mecum InfoNet members, which is free to join at Mecum's website.
Mecum's next event is the company's annual flagship auction, Dana Mecum's Original Spring Classic, where 2,000 vehicles will cross the auction block from May 17-22 in Indianapolis, Indiana.