Now that Mecum’s Indianapolis sale has concluded, we take a look at the Top 15 highest priced Corvettes sold during Dana Mecum’s 35th Annual Spring Auction.
Photograph Credit score: Mecum Auctions
Again in January we hypothesized if the robust gross sales numbers observed at Mecum’s Kissimmee public sale had been a glitch in The Matrix, or if thehad in reality grown that a lot. Smartly, in keeping with the values we noticed at Mecum’s Indianapolis sale a pair weeks again, it looks as if the marketplace is as robust as ever. Pre-loved Corvette values appear to be emerging simply as rapid as your native Covid case rely.
Mecum’s Indianapolis tournament was once any other record-setting spectacle driving the momentum from Kissimmee’s $217 million in gross sales. Whilst no longer somewhat as huge as Kissimmee, the Indy tournament did set its personal listing with $126.5 million in overall gross sales. That’s an 18% achieve over the former Indy listing set simply ultimate 12 months. The car sell-through fee got here in at a wholesome 81%.
Taking a look on the Corvette docket, we spied 297 vehicles that rolled around the pink carpet in comparison to 403 in Kissimmee in January. Whilst we didn’t calculate the Corvette-specific sell-through fee, it does seem to be in step with that total 81% quantity.
Indiana Governor Eric Holcomb Attends the 2022 Mecum Indy Public sale. Photograph Credit score: @GovHolcomb/Twitter
Diving into the nooks and crannies of the Best 15 Indy gross sales we see that numbers are nonetheless robust throughout all Corvette generations. Early Corvettes nonetheless carry the most important dollars as 13 of the highest 15 spots had been occupied through C1, C2, and C3 fashions. The two different spots belonged to a couple of C7 ZR1’s appearing their endured call for. 2d-generation vehicles stay as common as ever with 10 C2’s within the best 15. 4 Restomods discovered their manner into the Best 15 whilst the steadiness was once inventory, unique, or restored Corvettes. You’ll notice that we left theoff our record since that was once greater than 1 vehicle in so much.
The highest-selling Corvette was once the award-winning inexperiencedpreviously owned through Ed Foss. The only-of-three rarity bought for $962,500 together with the ten% purchaser’s fee. A perfect worth for a super vehicle. 2d position went to a which rang the bell at $440,000 whilst a to take house the bronze medal. Restomods nonetheless require deep wallet because the 4 within the Best 15 modified fingers at a median of $209,000.
The whole value of Indy’s Best 15 Corvette gross sales was once $4.2 million and the typical value of every vehicle got here in at just below $282,000. Evaluate that to Kissimmee’s $5.2 million Best 15 record that averaged $375,000 in keeping with vehicle.
Out of doors of the Best 15, C8 Corvettes nonetheless draw pleasure every time they pass the block. Indy featured 10 eighth-generation vehicles that each one discovered new houses for any place from $103k to $176k. We additionally famous that C4 ZR1s proceed to quietly creep up in price. 5 of the 6 examples presented in Indy bought for $44k or extra. The times of $20,000 ZR1’s are lengthy long past. In the meantime, at the low finish of the spectrum, adiscovered a brand new house for simply $4,950.
Each public sale has a number of fascinating no gross sales and Indy was once no other. The highest Corvette no sale was once apreviously owned through Chip Miller and Ed Foss which drew a $700,000 bid. Subsequent up was once the which by no means looked as if it would achieve a large number of bidding traction and stalled at $575,000. In any case, an uber-rare 1965 giant tank fuelie didn’t discover a new house at $380k.
Mecum’s thirty fifth annual Indianapolis sale picked up proper the place Kissimmee left off. The robust effects there point out that call for is still robust throughout all genres of the Corvette interest. Even with inflation operating rampant, there seems to be no scarcity of cash to move round. With that, right here’s a better take a look at the Best 15 Corvette gross sales from Mecum Indianapolis.
1.– 1971 CHEVROLET CORVETTE ZR2 CONVERTIBLE – $962,500
2.– 1963 CHEVROLET CORVETTE Z06 COUPE – $440,000
3.– 2019 CHEVROLET CORVETTE ZR1 – $297,000
4.– 1963 CHEVROLET CORVETTE SPLIT WINDOW COUPE – $275,000
5.– 1965 CHEVROLET CORVETTE BIG TANK COUPE – $220,000
6.– 1960 CHEVROLET CORVETTE CUSTOM – $220,000
7.– 1967 CHEVROLET CORVETTE CONVERTIBLE – $220,000
8.– 1967 CHEVROLET CORVETTE CONVERTIBLE (LAST ’67 CONVERTIBLE) – $220,000
9.– 1967 CHEVROLET CORVETTE CUSTOM COUPE – $209,000
10.– 1963 CHEVROLET CORVETTE SPLIT WINDOW COUPE – $206,250
11.– 2019 CHEVROLET CORVETTE ZR1 CONVERTIBLE – $203,500
12.– 1966 CHEVROLET CORVETTE CUSTOM – $203,500
13.– 1967 CHEVROLET CORVETTE CUSTOM – $203,500
14.– 1969 CHEVROLET CORVETTE L89 COUPE – $187,000
15.– 1965 CHEVROLET CORVETTE COUPE – $178,750