Mecum Auctions Reports Sales at 2011 Kissimmee Reach $40 Million

After five days of high-energy crowds and eager bidding, Mecum Auctions announces total gross sales (excluding buyer’s premium) for its 2011 Kissimmee Auction reached an impressive $39.9 million.

With sales continuing to take place after the weekend event via Mecum’s “The Bid Goes On” department, the company anticipates final totals will certainly exceed $40 million.

Nearly 1,500 cars went up for bid during the auction, which took place Jan. 26-30 at Osceola Heritage Park in Kissimmee, Fla. and had a 73% sell-through rate. Mecum’s top seller ($975,000) was a rare wooden boat known as “The Last Riva” – a 1996 Riva Aquarama Special Hull #774 that was the last Riva hand-built wooden boat sold to the public.

“Our Kissimmee Auction continues to evolve each year into a larger and larger event with increased sales, greater attendance and enthusiasm, and more collectible vehicles crossing the auction block,” said President Dana Mecum. “We offered a wide variety of classic cars, motorcycles, wooden boats as well as automotive memorabilia. The collector world has definitely expanded into new markets, and the Mecum Auctions team is excited and prepared to lead the charge with our popular events that deliver something for everyone’s taste and budget.”

The Top 10 Kissimmee Auction Sales (all sales reflect hammer prices) were:
1. 1996 Riva Aquarama Special Hull #774 (Lot S182) at $975,000
2. 1963 Shelby Cobra DragonSnake (Lot S121.1) at $875,000
3. 1966 Shelby Cobra 427 Roadster (Lot F211.1) at $550,000
4. 1970 Riva Aquarama Series III Hull #416 (Lot S183) at $325,000
5. 1957 Ford Thunderbird DF Phase 1 (Lot F209) at $250,000
6. 1969 Pontiac GTO Judge Convertible Ram Air III (Lot S233) at $225,000
7. 1940 Packard Darrin Convertible (Lot S97) at $205,000
8. 2007 Chevrolet Budweiser #8 NASCAR (Lot S201) at $200,000
9. 1932 Ford Hi Boy Roadster (Lot S228) at $180,000
10. 1964 Mercury A/FX Comet (Lot F163) at $175,000

Complete results are available to Mecum InfoNet members, which is free to join at www.Mecum.com.

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