Corvette auction season heats up at Mecum Kissimmee

The Bid Goes On

Walt Thurn Jul 1, 2013 0 Comment(s)
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Mecum Auctions, headquartered in Walworth, Wisconsin, holds numerous events around the country each year. They are all very visitor friendly, and for a small entrance fee, you can wander throughout a huge collection of cars that are available for sale to the highest bidder. Mecum is famous for its slogan, “The Bid Goes On,” which indicates that while a particular car did not meet its reserve price, it is still very much for sale.

These events typically feature a large number of quality Corvettes from every generation, making them the perfect place to find the Vette of your dreams, or simply gauge the current state of the market.

Mecum’s first auction of the year is held at the massive Osceola Heritage Park in Kissimmee, Florida, in late January. More than 3,000 cars were up for bids this year during the nine-day event. Among this group were 431 Corvettes, 265 of which—or 63 percent—found buyers. Last year the Kissimmee show saw 340 Vettes offered for sale, with 239—or 70 percent—sold. In spite of the weak economy, sales in this segment of the collector-car market appear to be relatively steady.

Here’s a breakdown of the Corvette generations that crossed the block this year in search of new owners:

C1—91 available/55 sold
C2—130 available/93 sold
C3—102 available/75 sold
C4—49 available/36 sold
C5—32 available/4 sold
C6—36 available/12 sold

Now let’s take a look at the high and low selling prices for each generation:

The C1 high was $242,000, for a ’62 big-tank, fuel-injected convertible. The low was $31,500 for a clean but non-correct ’60 convertible.
The C2 high was $310,000, for a Rally Red ’63 Z06 coupe. The low was $32,000, for a ’63 convertible.
A C3 set the highest sale price for a Corvette at the show. A Bloomington Gold– certified, one-owner ’68 L88 convertible sold for $550,000. The low was $6,500, for a ’77 coupe.
The C4 high was $34,000, for an ultra-low-mileage (226) ’90 ZR-1. The low was $4,500, for a ’92 coupe with 110,000 miles on its clock.
The C5 high was $90,000, for a Classic Reflections Coachworks conversion of an ’04 convertible into a ’61 replica. The low was $13,000, for a previously crashed ’01 coupe with a “Rebuilt” title.

Finally, the highest selling price for a C6 was $61,000, for the 79th Ron Fellows Z06 built in 2007. The low was $22,000, for an ’05 six-speed convertible.

Mecum auctions continue to be the perfect place to browse and get an informal price check on your Corvette—or, better yet, register to bid and drive home in your very own dream car. Visit Mecum’s excellent website (www.mecum.com) for a show schedule, or to check out some of the cars that will be offered at upcoming events.

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