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Mecum auction reaches $36.8 Million in sales

The supercar and collector’s car market is still at a massive high at this moment, and that’s reflected in the latest auction results from Mecum when they held their annual auction event at the Kay Bailey Hutchison Convention Center Dallas, a total of 1,101 cars passed the auction block, and they managed to sell 86% of those to happy new owners, in total 946 cars changed hands during this four-day event, reaching $36.8 million.

Mecum Auctions is the world’s largest collector car auction company, as usual, the Dallas auction offered cars for just about any kind of customer, from classic muscle cars over custom-made cars right up to supercars, and this time the best-selling car at the auction was made in Italy, a Verde Scandal over Nero Cosmos 2019 Lamborghini Aventador SVJ with a mere 3,150 miles on the clock … selling for a massive $660,000, despite the fact she came on custom, non-standard, center-lock wheels.

The runner-up on the sales list went for a little over half as much, at $357,500, a 1970 Ford Mustang Boss 429 Fastback changed owners, finished in an amazing looking Grabber Green, this specific Boss had a Concours frame-off restoration by a nationally recognized Boss restoration facility, this amount makes it very clear once again these classic muscle cars are becoming very expensive to add to your garage.

This is also made clear by the third place on the top list for this auction, a 1968 Ford Mustang GT500CR 900C Fastback that changed hands for $335,500, a car from the Triple B Collection, finished in red over black with the traditional white stripes, this one being serial no. SCR-0100 only had 378 miles since completion, this classic shattered her estimate between $250,000 to $275,000.

The complete top 10 collector car sales at the 2021 Dallas auction include:
1. 2019 Lamborghini Aventador SVJ (Lot S154) at $660,000
2. 1970 Ford Mustang Boss 429 Fastback (Lot S138) at $357,500
3. 1968 Ford Mustang GT500CR 900C Fastback (Lot S77.1) at $335,500
4. 1956 Chevrolet 210 Custom (Lot S133) at $253,000
5. 1957 Cadillac Eldorado Biarritz Convertible (F119.1) at $220,000
6. 2002 BMW Z8 Roadster (S95) at $211,750
7. 1966 RCR Ford GT40 Replica (Lot S126) at $203,500
8. 2014 Rolls-Royce Wraith (Lot S193) at $203,500
9. 1969 Chevrolet COPO Camaro (Lot S116) at $200,750
10. 1999 Shelby Series 1 Roadster (S130.1) at $189,750

One that didn’t make it onto this top ten list is a 427 ci, 1967 Ford Mustang Fastback, and while we aren’t allowed to call it after the famous car from the Nicolas Cage remake, one look at the photo and you immediately know what I’m talking about here. The hammer came down at $170,500 on this professional build that took three years to complete, originally a 351 Windsor engine but built to 427 CI by Performance Masters.

Next up is Las Vegas, where Mecum Auctions will be in early October with a 7,000-Mile Ford GT from 2006 as the highlight among 247 cars that will pass the auction block, if you’re in the market for an amazing collector’s item for your garage, make sure to check them out, and if you can’t make it to Vegas at that time, you might miss out on the chance of a lifetime.

September 18, 2021 / Comments Off

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Ford and Mecum settle Ford GT auction lawsuit out of court

Last year, John Cena selling his Ford GT and the subsequent lawsuit became dominant news about the supercar, but it wasn’t the only GT exchange to become litigious. Mecum Auctions consigned a 2017 Ford GT, number 48 of the production run, for its May auction in Indianapolis, and according to Fox News, Ford first tried to institute a restraining order on the sale, but the local court ruled in favor of Mecum. The car sold for $1.8 million, and Ford sued. The same car even went for auction again at Mecum’s Monterey auction that year, but didn’t sell, even with the high bid of $1.6 million. After all this, the lawsuit between the two companies has been settled out of court.

Ford announced the settlement that notes an undisclosed amount of money coming from Mecum Auctions. That money will be donated to the Ford Motor Company Fund, which provides money to various community organizations with a focus on education, safety and community services. In addition, Mecum Auctions agreed to not consign any Ford GTs from original owners that are still under the two-year restriction on resale. The company will also contact Ford for permission before offering Ford GTs from non-original owners that have cars still within the two-year restriction. Both companies also ask original owners to abide by the two-year sale policy.

With this lawsuit settled, we realized that the Cena Ford GT alone was sold a few times in the span of a year, and we were curious if there are any other suits pending. A Ford representative confirmed that there are some additional lawsuits, and the company is “confident we can enforce the ownership agreements.” As the lawsuits are current, he couldn’t give us any further information. We also reached out to Mecum Auctions for a statement, but did not receive one by the time we published.

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January 24, 2019 / Comments Off

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John Cena Ford GT to be auctioned — again: Here comes owner No. 4

The saga of the 2017 Ford GT that was famously and briefly owned by John Cena and subject to a lawsuit from Ford over flipping the car for a profit has become the automotive equivalent of a hot potato, heading once again to the auction block, this time in Dallas at Mecum in October.

We last heard about this GT, which is stamped with the VIN number 77 for the year of Cena’s birth, last month when the wealthy California farmer who had bought it from Cena put it up for auction. Auctioneer Russo and Steele confirmed the supercar sold for $1.4 million during its Monterey Car Week auction on Aug. 25. Since then, if records are accurate, its third owner has put exactly 1 mile on the odometer, which now reads 626 miles.

It’s not clear what the minimum bid is for the upcoming Dallas auction, which takes place Oct. 3-6. Autoblog left a message Friday with a Mecum spokeswoman.

Ford sued Cena late last year for flipping the car for a profit shortly after he bought it for $466,376.50, citing its clause barring any sale of the first 500 models for two years. The two sides later settled the case for an undisclosed amount.

The infamous Liquid Blue GT comes with a mid-mounted twin-turbocharged 3.5-liter EcoBoost V6 rated at 647 horsepower and 550 pound-feet of torque, with a top speed of 216 mph. It has a carbon fiber monocoque with an integrated steel roll cage and an aluminum substructure.

A Russo and Steele spokesman said the firm had to ensure it was free and clear of any litigation prior to its sale at Monterey last month, so the latest seller might be eager to flip it before that 2-year window expires and the other Ford GTs begin hitting the market.

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September 21, 2018 / Comments Off

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Ferris Bueller Ferrari replica is so choice, and now it can be yours

If you have the means, we highly recommend you consider picking up this replica Ferrari GT Spyder California that had a starring role in 1986 film “Ferris Bueller’s Day Off.” Granted, Ferris Bueller (played by Matthew Broderick) and his friend Cameron Frye (played by Alan Ruck) ended up completely destroying the car in the movie – don’t worry, this wasn’t the one that went careening backwards out of a garage. This car, one of three built for the film, is fully restored and is in complete working order, according to Mecum Auctions.

Set to go under the auction hammer later this month during Monterey Car Week, the ‘Ferris Bueller Ferrari‘ is a cinematic and photogenic gem, despite the fact that, ahem, it’s not an actual classic Ferrari. If it was, trust us, the price would be far in excess of the pre-sale estimate of $250,000-$300,000, which Mecum has placed on the car.

For reference, back in 2012, a true 1962 Ferrari 250 GT SWB California Spyder found a new home after someone handed over more than $8-million dollars to buy it. So, all in all, this phony Ferrari could be the steal of century, as long as you don’t mind a 5.0-liter V8 engine under the hood, versus a screaming Ferrari V12.

Originally built in 1985 by a California company called Modena Design and Development, this car is based around a steel-tube frame and comes powered by a V8 fitted with four Weber carburetors. Power is fed to the rear wheels via a five-speed manual gearbox. Design touches to make the car appear authentic include a Ferrari grille, chrome side vents and wire-spoke wheels, Jaeger gauges across the dash, toggle switches, tan leather seats, a wooden steering wheel and period-correct AM/FM radio. Interestingly, the car is also fitted with air conditioning.

The car is fresh from a nine-month restoration, carries its original VIN, and has apparently covered only 1,520 miles since new.

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August 12, 2018 / Comments Off

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