News (305)

With 300 vehicles hammered sold on the auction block in just two days, Mecum’s inaugural Portland auction at the Portland Expo Center was a pronounced success. Held this past weekend, June 17 and June 18, the auction attracted vehicles from 17 states across the country and attendees from even more with total sales reaching more than $9.3 million. The city was electric and the buzz about Mecum’s arrival in Portland was inescapable in the days leading up to the auction. The local enthusiasm coupled with the event’s national reach resulted in a packed house both auction days. The collector-car enthusiasts…
Barrett-Jackson’s very first East Coast event took place this past weekend at Mohegan Sun, and the company has released big numbers from the sale: over $26m in total sales with 96% of lots sold, $755k in automobilia sales, and over $605k raised for charity.   Over 90,000 people came through the gates at Mohegan Sun — ticket sales were sold out by Thursday, and vehicle consignments closed well before the auction, which makes this the first double sellout in the company’s history.    Top seller of the event was a 1969 Chevrolet Corvette L88 at $624,800, followed by a 1969…

Ford GT Mule Heads to Barrett-Jackson Mohegan Sun

Written by Monday, 13 June 2016 16:23
Barrett-Jackson bidders will have a shot to own the first fully functional Ford GT — VIN 004 — built in 2003 as part of the late-model supercar’s development phase. The car, known as CP-1, has a bunch of unique components, such as a full carbon fiber rear clamshell, silver trim rings on the seats, and an aluminum headliner. It’s still fitted with test connections and monitoring equipment used for emissions testing and certification. The car is the real deal, and this is a rare opportunity to own a real development mule from Ford’s halo GT program. The car will cross…

Mecum Indy Closes In On $50m

Written by Tuesday, 31 May 2016 10:41
Dana Mecum’s 29th annual Original Spring Classic auction, held May 17-21, saw 1,567 vehicles cross the auction block. Of those, 1,094 hammered sold for a 70-percent sell-through rate and $48,873,590 in total sales, not including buyers' premiums. With post-auction sales continuing to close through Mecum’s “Bid Goes On…” program, final totals for one of the world’s most renowned muscle car auctions will likely exceed $50m when all is said and done. Top sales for the Indianapolis-based event were crowned by two ‘60s-era Shelby Cobra Roadsters, each proving its worth to be in excess of $1m. With more than a dozen…
World of Speed, an educational and interactive motorsports museum, announces its new exhibit celebrating the 100th running of the Indianapolis 500. Heroes and History, which opens Friday, June 10, will feature IndyCars from seven decades, spanning the race’s early era to modern cars that run today. Featured cars include Al Unser Sr.’s 1967 Lola and Mario Andretti’s 1981 WildCat. Interactive exhibits will tell the stories of the race and its drivers, all displayed with a replica of the Indianapolis Motor Speedway “Brick Yard.” This exhibit marks the museum's first major exhibit addition since opening in 2015.  “We are thrilled with…

RM Sotheby's Offers Tucker 48 in Monaco

Written by Monday, 02 May 2016 15:10
RM Sotheby's returns to Monaco on May 14 for its biennial Le Sporting auction, and this year's event includes an American rarity: a 1948 Tucker, S/N 1049. One of just 51 Tuckers built, this is the only example currently in Europe. It was the second to last Tucker built by the factory, and the final car produced with an engine. RM Sotheby's pre-sale estimate on the car is $1.5m-$2.1m. Read more about it here, and see RM Sotheby's complete list of Monaco consignments here. 
Russo and Steele rolls into Newport Beach, CA on June 10. The three-day auction will offer over 400 cars, including plenty of American iron. Chief among the early consignments is a completely restored 1970 Pontiac GTO Judge. The Judge is a true WT1 car — the cowl code that denotes Canadian-built Judges — and features a Ram Air III 400-ci engine and its original 4-speed and rear end. It has just 5,800 indicated miles since restoration, and has GM of Canada paperwork that shows all its original options and its Bill of Sale. Learn more about Russo and Steele's Newport…

Barn-Find Shelby GT350 Heads to Bonhams Greenwich

Written by Monday, 02 May 2016 10:36
Bonhams is delighted to announce the consignment of a very special car to its classic automobile auction in June: a recently discovered 1966 Shelby GT350 “Carry-Over Car.”   When new, the powerful GT Fastback was used as a demonstration and competition car by the Ford dealership of Framingham, Massachusetts. After being sold and logging a total of just 55,000 miles, it was driven into storage in 1976 where it has remained unmolested to this day.   Presented in its “as found” state, the car is in marvelous time-capsule condition and includes its five original Cragar Shelby mag wheels as well…
The first of two annual Auctions America Auburn auctions rolls cars across the block on May 5-7. Over 500 cars are expected.   Lots to watch include a 1968 Shelby GT500 estimated at $110k-$125k, a 1962 Chevrolet K10 pickup estimated at $50k-$60k, a 1948 Chrysler Town & Country convertible pegged at $100k-$125k, and a 1970 Ford Mustang Boss 429 estimated at $250k-$260k.    See Auctions America's complete list of cars to be sold here.
Sure-thing sales at Worldwide’s April 22-24 Houston Classic Auction include a 1965 Shelby Cobra 289, a 1932 Ford V8 roadster, a 1960 Corvette “Big Brake” fuelie, a 1967 Shelby Cobra 427, a 1969 Chevrolet Camaro ZL1, a 1968 Shelby GT500KR convertible, and more. In total, 47 no-reserve lots will cross the block in Montgomery, TX, and in each case, the last bidder standing will take them home.   View all the lots here, and read Worldwide's catalog here.
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