Mecum’s May Original Spring Classic auction in Indianapolis completed on May 16th. I’ll concentrate on the 1980s cars and trucks that actually sold (remember that this is not an all no reserve auction—a black 1989 Porsche 911 Speedster convertible with 13,000 miles was bid up to $220,000) and add some of my opinions.
Tuesday:
- 1981 red Asve convertible—$4,500 hammer price for this “neo-classic” with 2.3 liter Ford engine (and an embarrassing start for eighties cars in this auction).
- 1984 orange Ford Mustang very custom coupe—$5,750
- 1988 dark red Chevrolet Corvette coupe with 89,000 miles—$7,000
- 1987 red Mercedes-Benz 560SL convertible—$8,500
- 1988 red Pontiac Fiero Formula coupe with 50,000 miles—$7,000
- 1985 red Pontiac Fiero coupe with 20,000 miles—$5,250
- 1982 white Chevrolet Corvette coupe—$12,000
- 1986 white Chevrolet Monte Carlo SS custom coupe—an ouch! at $4,500.
- 1986 white Porsche 928S coupe—$7,000
Wednesday
- 1986 black Rolls-Royce Silver Spur sedan with 50,000 miles—$11,500
- 1987 red Chevrolet Corvette convertible—$8,000
- 1988 green Jeep Wrangler SUV—$12,500
- 1986 tan Rolls-Royce Silver Spur sedan—$16,000
- 1988 red Dodge Daytona Shelby Z hatchback with 79,000 miles—$4,250 for what may have been the most unexpected eighties car at this auction.
- 1982 silver/charcoal two-tone Chevrolet Corvette coupe with 32,000 miles—$12,000
- 1985 black Chevrolet Monte Carlo SS very custom coupe—$16,500
- 1987 black Buick Regal T-Type coupe with 45,000 miles—at $16,000 the first vehicle in this auction to meet my criteria for serious 1980s collectability of original cars or trucks: selling for equal to or above its original base list price. I mark these vehicles with bold green.
- 1986 red Chevrolet C10 very custom pickup—$10,500
- 1987 black Chevrolet Corvette Callaway coupe with 59,000 miles—at $7,250, a car that got absolutely killed by some really beat up exterior paint.
- 1989 blue/silver two-tone Ford Bronco SUV with 66,000 miles—$8,000
Thursday:
- 1985 orange/beige two-tone Chevrolet C10 custom pickup with 65,000 miles—$7,500
- 1980 brown Porsche 911SC coupe—$25,500
- 1985 white Chevrolet Monte Carlo SS coupe with 12,000 miles—$17,000 shows that stock wins, at least this time.
- 1985 black Ford Explorer pickup with 850 miles—$30,000
- 1982 silver beige Chevrolet Corvette Collector’s Edition coupe with 247 miles—$27,000
- 1982 silver beige Chevrolet Corvette Collector’s Edition coupe with 17,000 miles—$17,000
- 1988 white Chevrolet Corvette Callaway 35th Anniversary Edition coupe with 430 miles—at $61,000, the highest eighties vehicle sale at this auction.
- 1984 silver Rolls-Royce Silver Spur sedan—$18,000
Friday:
- 1986 red Porsche 911 Targa coupe with 78,000 miles—$38,000
- 1989 black Mercedes-Benz 560SL convertible with 8,200 miles—$54,000 is strong money for a 560SL. According to Hagerty’s valuation tools, all the money for an 1989 560SL in #1 condition is $68,900, with a more normal #3 condition car is $19,700.
Saturday:
- 1988 red Cadillac Allante convertible—$7,000
- 1987 black Buick Grand National coupe with 20,000 miles—$24,000
- 1989 white Pontiac Firebird 20th Anniversary Turbo Trans Am coupe with 743 miles—$42,000
- 1985 red Chevrolet Camaro IROC-Z coupe with 14,000 miles—$14,000
- 1983 beige Rolls-Royce Corniche convertible with 11,000 miles—$47,000
I felt that there wasn’t a lot of money in the room at this auction, especially in the first few days — there were a ton of no sales. Things definitely picked up from Thursday on.
What do you think of this auction’s results?
Eighties Cars 