Original Spring Classic Auction Results – Mecum Auction

Mecum Auction held its 2009 Original Spring Classic Auction on May 13-17th in Indianapolis, Indiana.

Mecum’s 22nd annual Original Spring Classic Auction featured more than 1,000 cars, headlined by the 1965 Shelby Daytona Cobra Coupe, 1964 Cooper Monaco King Cobra, 1938 Indy Blue Crown Special Racecar, 1964 Shelby Cobra 289, 1966 Shelby Cobra 427 S/C and 1966 Ford GT40 MK I Coupe, among many significant collector cars.

Top sale went to a 1966 427 S/C Cobra Roadster at $1,165,000, followed by the 1966 Shelby Cobra 427 Competition Roadster at $1,000,000, 1967 Shelby GT500 Convertible for $825,000 and the 1964 Cooper Monaco King Cobra that sold for $600,000.

Bidding on the legendary 1965 Shelby Daytona Cobra Coupe stalled at $6,800,000 – below the required reserve – although it continues to be marketed by Mecum. However, as the centerpiece for the Indy Spring Classic, the Shelby Daytona brought great energy and many new customers to the auction.

“I think the economy is tough right now, but we’re taking the position that we’re going to exist above it,” said President Dana Mecum. “Three years ago at the peak of the collector car hobby, we sold a best of $30 million. In the current economic climate, the team at Mecum got back to basics and worked hard for buyers and sellers to have the strongest presentation of cars and registered bidders we’ve ever organized. The Mecum employees deserve all the credit for their wonderful customer service, energy and dedication at the auction.”

Mecum estimates final sales for the Spring Classic Auction will reach $40 million with The Bid Goes On purchases. When cars don’t sell on the auction block at a reserve auction, Mecum continues to market those vehicles through its program The Bid Goes On, which has successfully sold 35 cars for $2.5 million in sales from the Indy event with additional deals pending.

For complete results, visit www.mecum.com.

Notable 2009 Mecum Original Spring Class Auction Results:

1965 Shelby Daytona Cobra Coupe Did Not Sell at High Bid of $6,800,000 – CSX2601, FIA Championship Winner

1966 Shelby 427 S/C Cobra Sold for $1,300,000 - CSX 3034; high sale of the auction

1964 Cooper Monaco King Cobra Sold for $600,000 – Serial # CM 6/64, 1964 L.A. Times GP Winner

1967 Shelby GT500 Convertible Sold for $825,000 - Only 1967 Shelby GT500 convertible ever built; custom ordered by Carroll Shelby as engineering test car

1966 Ford GT40 MK I Coupe Did Not Sell at High Bid of $2,300,000 – Alan Mann Lightweight AMGT40/2 Ex-Hawkins

1964 Shelby Cobra 289 Did Not Sell at High Bid of $1,300,000 – CSX2430; Ex-Tom Payne Competition Roadster

1966 Shelby Cobra 427 Sold for $1,000,000 – CSX3020; Ex-Tom Payne Competition Roadster

1969 Chevrolet Camaro ZL1 Did Not Sell at High Bid of $600,000 – First ZL1 Produced, Fred Gibb-Dick Harrell

1965 Chevrolet Chevelle SS Z16 Sold for $375,000 - the original Z16 prototype; the very first SS396 Chevelle

1938 Indy Blue Crown Special Racecar Sold for $375,000 – Five Time Indy 500 Participant

1962 Ford Galaxie 427 Did Not Sell at High Bid of $125,000 – Lightweight Phil Bonner Drag Car

1965 Shelby Mustang GT350 R Did Not Sell at High Bid of $500,000. – The Essex Wire Car

1952 Allard J2 Roadster Did Not Sell at High Bid of $710,000 – Raced by Carroll Shelby

1951 Allard K2 Roadster Sold for $125,000

1947 Allard K1 Roadster Sold for $95,000 – 1993 Mille Miglia Participant

1955 Chevrolet Corvette Roadster Sold for $310,000 – Duntov Test Mule EX-87

1970 Pontiac GTO Judge Ram Air IV Sold for $170,000

1966 Ford Mustang Holman Moody 427 SOHC Funny Car Sold for $150,000