The Mecum Auction Company holds their largest auction each year in Kissimmee, Florida. In 2017, sales exceeded $86 Million and nearly 2,700 vehicles were offered for sale and 1,981 sold. This was a 75 percent sell-through rate for owners who brought their cars to the auction to sell. As a point of comparison in 2016 nearly 3,000 vehicles were offered for sale and 78 percent sold for a total of $91 million in sales. That sell-through rate was 78 percent. This slight downward trend however did not impact Corvettes.
This year 277 of our favorite sports cars were offered for sale and 191 found new homes. Corvette sell-through rate was 69 percent, which was a slight increase over 254 Corvettes offered and 170 sold at a 67 percent sell-through rate last year. Every Corvette that was not sold this year was placed into Mecum’s unique “The Bid Goes On Category”. This allows perspective buyers to negotiate an agreed upon purchase price with the owner. Many Corvettes found new owners after the Kissimmee finished.
Team Vette covers this auction each year to provide our readers the opportunity to spot price trends of your favorite ride. Mecum gives us a broad look at Corvettes from the inexpensive non-collector examples to top dollar NCRS or Bloomington Gold certified examples. So let’s dig into what we found. This is the 13th year that Mecum has held this auction at the Osceola Heritage Park complex. The site is perfect, because it offers easy access and the large park offers plenty of expansion room. During this price check we spotted three Corvettes that were among the top ten sellers of the event. The second highest sale of $775,000 was Lot S146.1 that was a completely restored 427/435 HP 1967 convertible. This is the only documented 1967 Corvette with a blue hood stinger, Bright Blue interior and a Tuxedo Black exterior. In fifth place was F101 an Onyx Black 1957 fuel injected air box convertible. This was only 1 of 43 Corvettes produced in 1957 with this rare racing option. It sold for $450,000. Coming in at #10 in the event’s top 10 list was a full custom 1963 split-window coupe S145.1 that sold for $300,000. It was built by American Speed Shop in Bloomington, Indiana and is packed with the latest go-fast hardware.
|Generation||Available||Sold||Percent||Low Price||High Price|
|C1-1953-1962||36||25||69 percent||$55,000 T121||$450,000 F101|
|C2-1963-1967||89||56||63 percent||$27,500 G121||$775,000 S146.1|
|C3-1968-1982||90||66||73 percent||$ 6,250 U29||$150,000 F180.1 & S202|
|C4-1984-1996||19||17||89 percent||$ 3,500 G4||$28,000 W108|
|C5-1997-2004||25||19||76 percent||$ 8,500 G228||$39,000 T202.1|
|C6-2005-2013||16||6||38 percent||$14,000 T54||$77,000 F105|
|C7-2014-2017||2||2||100 percent||$60,000 F105.1||$97,000 S205.1|
We inspected the massive Mecum collection of Corvettes for sale on display at the Osceola complex. We described our picks for you from each generation in our photo captions. Pre-buyers for any upcoming Mecum auction can browse their website at www.mecum.com 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. Here is a breakdown of the highs and lows of each generation Corvette that crossed the block.
Mecum’s up to date website www.mecum.com is a good way to locate your special Corvette. This comprehensive site allows you to sell or buy a Corvette. We encourage you to log in and look at their remaining 2017 schedule to keep current on Corvette selling prices.
Photography by Walt Thurn