Mecum Auctions, Dallas, Texas, November 2-5, 2016
Mecum Auctions’ regular early September Dallas date this year got pre-empted by the Convention Authority that governs the auction site at the Kay Bailey Hutchison Convention Center.
Moved back to the next available date in early November, it didn’t seem to make much difference.
The consignment was down 12%, but the sell-through was a remarkable 73.1%, an accomplishment of note for a ‘run what you brung’ consignment auction. The sell-through, though, was helped by 233 cars without reserve, 22.4% of the cars offered.
Several major collections peppered the auction with good (and a few not-so-good but still interesting) cars.
Andrew Newton on-site noted that the atmosphere here was markedly better than at Mecum’s Houston auction seven months ago and attributes it to a turnaround in the oil patch where gloom has turned to the dawning of a new drilling surge.
Most of the cars in Mecum’s Dallas auction (and Houston, too) seem to come from a radius of a couple hundred miles, indicative of a major hotbed of cars, collecting and interest.
It’s not to be ignored, either, that the roads of Texas, Oklahoma, Arkansas, Louisiana, Kansas and New Mexico don’t know much snow, and even less road salt. The cars tend to be sound even if they’re aged, and it is reflected in the attitudes of collectors.
In the Northeast collectors say their ‘magnet is their best friend at the auction.’ In Texas it really isn’t necessary to have a magnet, only an eye for wavy, lumpy panels and bad fits. It’s a good place to find good cars, but it makes less-than-good ones stand out, as some of the cars reported here show.
Here are the numbers:
On-site observations are by Andrew Newton; the editor is responsible for editing and comments.
Mecum Dallas 2016 – Auction Report