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Hot Rods Mecum Auction

Discussion in 'The Hokey Ass Message Board' started by Binkman, Aug 15, 2018.

  1. Binkman
    Joined: Nov 4, 2017
    Posts: 191

    Binkman

    I watched a bit of the Mecum Auction tonight on the TV.
    I saw a really nice '39 Ford coupe sell for 18,000 and a really well done AC Cobra replica sell for 25,000.
    That AC cobra was an expensive build.
    I can't believe how much some of the cars are dropping.
    It looks like the pickup truck, bronco, corvette market is hotter than ever.
    Demographics are dictating values more now than ever.
     
    chryslerfan55 likes this.
  2. Mr48chev
    Joined: Dec 28, 2007
    Posts: 25,544

    Mr48chev
    ALLIANCE MEMBER

    It's who's there to bid and if the auction was live today and not a rerun it's Wednesday and the cars that get sold on Wednesday don't always bring what you think they would. I'd think a good number of the bidders today were dealers looking for fresh rolling stock to put on their lots. The Cobra kit car could have been an old build and most old Cobra kit cars used MII suspension pieces and that might knock the price down several thousand bucks compared to a newer one with a custom setup with tube A arms.
     
    stillrunners and lothiandon1940 like this.
  3. Gman0046
    Joined: Jul 24, 2005
    Posts: 5,608

    Gman0046
    Member

    If your going to sell a car at Mecum pay the $1000.00 premium to bring your car across the blocks on Friday night or Saturday. Thats when the higher prices are paid and when the big money people show up to start bidding. Also start with a fairly high reserve as when the initial bidding peaks out they'll try and get you to drop it anyway. Mecum gets 10% with a reserve and 5% without.
    Mecum is coming to Kentucky early in September. I was going to list my avatar 63 Impala but just sold it yesterday. I've got nothing else I want to sell right now and probably just go as a spectator.

    Gary
     
    Last edited: Aug 16, 2018
  4. BamaMav
    Joined: Jun 19, 2011
    Posts: 3,353

    BamaMav
    Member
    from Berry, AL

    From what I've seen, Mecum sales seem more realistic on prices than Barrett-Jackson. Maybe it's a different crowd, but even the high dollar cars at Mecum are usually less than BJ. BJ seems to cater to the restored wine and cheese crowd, Mecum to the beer and pretzels hoodlums. :D
     
    stillrunners, Texas Webb and Sky Six like this.
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  5. jimmy six
    Joined: Mar 21, 2006
    Posts: 4,655

    jimmy six
    ALLIANCE MEMBER

    If you don't know what's under the shiney paint or under the car it's not worth $.10 to me...
     
  6. chinarus
    Joined: Nov 9, 2010
    Posts: 492

    chinarus
    Member
    from Georgia

    I think somebody got a real deal on that 39 coupe.
    I have watched several Mecum auctions this year and the Harrisburg PA prices this month seemed to be much lower across the board. There were a few exceptions but a lot stuff , including Friday and Saturday, appeared to be way under prices from the auctions earlier this year.
    Some of the stuff appeared to be inventory from local car dealers and at times it looked almost like a dealer's wholesale auction.
     
  7. nochop
    Joined: Nov 13, 2005
    Posts: 1,004

    nochop
    Member
    from norcal

    Cars are not good investments, or retirement funds
     
  8. Gman0046
    Joined: Jul 24, 2005
    Posts: 5,608

    Gman0046
    Member

    Daily drivers are a depreciating asset. You can make money on collector cars if your smart. I buy, build and sell cars all the time. I don't try to get rich but try to supplement my retirement income by $5,000.00 to $10,000.00 a year. The key is to deal in cars that are currently in demand. I mostly deal in Tri 5 and X frame Chevy's. Right now Chevy Nova's are about the hotest thing going. Might go there next.

    Gary
     
    Last edited: Aug 17, 2018
  9. 1934coupe
    Joined: Feb 22, 2007
    Posts: 3,405

    1934coupe
    Member

    EXACTLY!

    Pat
     
    Just Gary likes this.
  10. krylon32
    Joined: Jan 29, 2006
    Posts: 5,924

    krylon32
    Alliance Vendor
    from Nebraska

    After watching the recent auctions, my wife and kids can give away my 6 finished deuces and Corvette when I die. I'll enjoy them even after I have to quit driving! It took a long time and a lot of hard work to get them and I'll be damed if I give them away while I'm alive.
     
    Kan Kustom, seadog, 40FORDPU and 4 others like this.
  11. nochop
    Joined: Nov 13, 2005
    Posts: 1,004

    nochop
    Member
    from norcal

    I told my kids my 32 is not going to any of them, instead all my stuff is going to be sold off to help put me in a home, now if any of you want to take me in and wipe my butt when the time comes,here’s the keys.....no takers (smart kids)
     
    belair and stillrunners like this.
  12. 5window
    Joined: Jan 29, 2005
    Posts: 6,774

    5window
    Member

    I'd find a way to hasten the time. Say a week or so. OOPS!
     
    nochop likes this.
  13. mercman@bulldog
    Joined: Mar 16, 2009
    Posts: 676

    mercman@bulldog
    ALLIANCE MEMBER

    I agree.


    Sent from my iPad using H.A.M.B.
     
  14. Unless you invested in a bunch of brand new Thunderbolts, Boss 302's, Boss 429's etc maybe a few 426 Challenger hemis, and rat holed them for a few decades.
     
  15. Like what I have....maybe they will be surprised - at the on-site auction - what my junk might bring....they have the option - IN BIRTH ORDER - what they would like to have....kinda have about 5 in line with 8 of their/my greats behind them....
     
  16. mammyjammer
    Joined: May 23, 2009
    Posts: 490

    mammyjammer
    Member
    from Area 51

    Saw some decent deals at the Hot August Nights MAG auction in Reno as well.
    Best deals seemed to be on nice driver quality cars..
     
  17. FrankenRodz
    Joined: Dec 20, 2007
    Posts: 886

    FrankenRodz
    Member

    Don't Judge/Assume/Reference, unless you've seen a vehicle in person. Everything looks good on TV.
    I ran my '50 Pickup through Barrett Jackson Palm Beach a few years ago, and being there for the duration of the Show, I will say only about 10% of the inventory was quality. For every genuine person I met, I met 3 dirt-bags selling vehicles with bad paint jobs with tons of clear coat, interior that stunk of mold, and misrepresented models.
    A Smokey-and-the-Bandit Trans Am was pushed in place beside my truck, looking like it was driven hard and put away wet, with a bad lifter noise. The car sat there for days, and a few hours before it went across the block it was whisked-away and detailed. It sold for way over retail value!
    I'm not saying Auctions are bad, you just have to appreciate that everything isn't as it appears. I was in the Retail Car Business for several years, and we called it "Selling the Sizzle". When you go to a Ball Game, you know there are a dozen reasons why buying a sausage from a Street Vendor isn't a smart idea, but the smell, and the sound of those several-day-old dogs sizzling on the grille are calling your name...
    There are always exceptions, but if a vehicle doesn't draw decent money, there is almost always a reason.

    I'll be running my '49 Styleline through Mecum in Kissimee next year!

    DSCN0446.JPG
     
  18. nochop
    Joined: Nov 13, 2005
    Posts: 1,004

    nochop
    Member
    from norcal

    I’m hoping when they close the casket my bank account click 0
     
  19. choptop40
    Joined: Dec 23, 2009
    Posts: 3,432

    choptop40
    Member

    Got this local here in the tri state area...no need to buy at auctions...deals are everywhere image.jpg
     
  20. 5window
    Joined: Jan 29, 2005
    Posts: 6,774

    5window
    Member

    I can help you with that! :)
     
  21. nochop
    Joined: Nov 13, 2005
    Posts: 1,004

    nochop
    Member
    from norcal

    Doing fine on my own, thanks though.....
     
    5window likes this.

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