Mecum Auctions, Osceola Heritage Park, Kissimmee, Florida, January 17-26, 2014
By my count 2,743 vehicles, by far most of them automobiles, crossed the Mecum Auctions auction block in Kissimmee, Florida during its nine-day run January 17-26, 2014 (nine days since only ‘Road Art’ was offered on Monday.)
It is a sea of cars, under a blanket of tents scattered across the Osceola Heritage Park site. The schedule overlaps the final three days of auctions in Arizona so many simply got on a plane in Phoenix on Sunday and headed straight to Orlando. An average of just over 300 cars crossed the block in Kissimmee every day. Three hundred a day. At an [optimistic] average of 20/hour that’s fifteen hours a day moving a steady stream of lots across the block. In clock terms that’s 10AM to midnight, day after day.
Mecum Kissimmee is an extravaganza of epic proportions which has come in just a few short years to dwarf Mecum’s signature ‘Spring Classic’ in Indianapolis. There are plenty of six-figure cars in Kissimmee, but the median transaction in 2014 was just $25,920, an amount affordable for many collectors and the antithesis of the seven-figure centric sales that dominate headlines.
The ratio between average transaction and median is even more significant, just 72.3%. That means that the total sale and average transaction are very close in value, not warped by a few mega-dollar cars. The vast majority of the cars in Kissimmee are accessible, affordable and reasonable. At high profile, high dollar auctions the ratio of median to average transactions often is 30-40% meaning their totals are dominated by really expensive lots.
That observation goes a long way toward explaining why Mecum Kissimmee’s auction report is two and half months late in appearing.
First, there are lots of cars: 90 in this report. Second, they’re especially significant, especially to the huge base of the car collecting hobby with values accessible to collectors who haven’t founded an Internet startup that got bought by Facebook. Third, there are so many auctions that compete for time.
In the first quarter of 2014 every weekend but four were on the road somewhere at auctions: Scottsdale, Kissimmee, Paris, Oklahoma City, Atlantic City, Amelia Island, Ft. Lauderdale. That leaves precious little time to complete the reports, sort and label photos and compile the results. The Alfa sits in the garage waiting for her spring wakeup, and it’s not likely to come ’til spring is nearly over as another marathon begins soon.
It’s not an excuse for tardiness, just an explanation.
Mecum Kissimmee [and other auctions like it] is where car collectors can find cars that are within reach. Even a couple months late this is the heart of car collecting and the results are worth perusing.
Mecum Kissimmee 2014 – Auction Report