The Mecum Auction Company, located in Walworth, Wisconsin, just completed its first major auction for 2016. For the 11th year Mecum held its first automobile auction at the Osceola Heritage Park facility in Kissimmee, Florida. Nearly 3,000 vehicles were available for sale and 78% sold. Sales exceeded $91 million and prices were up 20% compared to Mecum’s 2015 Kissimmee Auction. The company will hold 19 auctions this year that began in January at Las Vegas and will end in Kansas City in December. This is our first 2016 Mecum price check, so this report is a good way to trend current 2016 Corvette prices. Of the nearly 3,000 cars offered for sale, 254 (8%) were Corvettes and 170 sold (67%). One Corvette was among the top ten sellers of the event. Lot S160 was a big tank Z06 1963 coupe that sold for $710,000 and placed fifth in the Kissimmee’s top ten. We inspected the collection of Corvettes for sale from each generation and described our favorites in our photo captions.
Following is a breakdown of the low/high prices of Corvettes that sold at the 2016 Kissimmee Mecum Auction. Every Corvette that was not sold (84) was placed into the “Bid Goes On” category. This allows owners and potential buyers a chance to complete the sale in the future. Pre-buyers can browse Mecum’s website to inspect what is being offered. Lot numbers identify each car and the letter tells you what day it will be available for sale. C2 and C3 Corvettes were the top selling generations. Owner of Lingenfelter Performance Engineering, Ken Lingenfelter brought eight cars from his collection to sell at Kissimmee and two were Corvettes. The first (Lot S157) was a Nassau Blue 1965 convertible, equipped with a 396/425 big-block. It was restored by Werner Meier of Masterworks Automotive Services in Madison Heights, Michigan. It sold for $125,000. His second Corvette (Lot S249) was pure beast. It started life as a 2002 Electron Blue 405 hp Z06 and was fitted with a Lingenfelter Stage III C5R 427 Twin Turbo V-8. The new engine is rated at 830 hp and 855 ft-lb of torque on pump gas with a posted top speed of 230 mph! This extensively modified Z06 with 55,706 miles on its clock sold for a well bought $42,000. Here is a breakdown of the high and lows of each generation Corvette that crossed the block.
|Generation||Available||Sold||Percent||Low Price||High Price|
|C1-1953-1962||42||28||67%||$38,000 F70||$350,000 F183|
|C2-1963-1967||76||53||70%||$40,000 S39||$710,000 S160|
|C3-1968-1982||71||48||68%||$06,500 W11||$115,000 F181|
|C4-1984-1996||34||24||71%||$04,500 J110.1||$34,500 W213|
|C5-1997-2004||17||11||65%||$09,000 J85 & J86||$75,000 S75|
|C6-2005-2013||11||5||45%||$14,000 K31||$35,000 K92|
Mecum’s up to date website www.mecum.com is a good way to locate your special Corvette. The comprehensive site also allows you to register, shop and buy a Corvette. We encourage you to log on and look at Mecum’s remaining 2016 schedule to locate or sell your Corvette. Hope to see you at Kissimmee in 2017!