upcoming Mecum Indy Auction

Solid lineup of cool MOPARs in this sale

https://www.mecum.com/auctions/indianapolis-2020/lots/featured/

Do you think prices are UP / SAME / LOWER coming out of this Pandemic shutdown?

Next month ? .. way lower ... imo

Looks like a lot of nice vehicles. My boss wants to sell a couple of his GM products. I need to show him this.

All the Mopars that I looked at had reserves.

Attendance may be down as well as prices.

There may be a lot of cars that fail to reach the reserves.

It will be interesting to see how it all pans out:

There's some nice looking Mopars on their list.
Looking good in photos vs in person are 2 different things.
Are folks still gonna be reluctant to show up?
Are folks gonna be feeling relieved & optimistic, or concerned & pessimistic?
What's the investment world doing - markets or tangibles?

Kinda surprised to see the Petty '71 car already back on the market, but that could relate to the above.

I think the high dollar cars will bring the $$$. That Cobra, those two Ferrari 275s, but this will be the star if it's real. If you have the money for a 1967 L88, you have the money for a 1967 L88 ,a little downturn in the market won't make a difference.

https://www.mecum.com/lots/SC0520-414740/1967-chevrolet-corvette-l88-convertible/

the Tony DeLorenzo L88 was available at:

MECUM Monterey 2010 - SOLD at $1,250,000
MECUM Monterey 2019 - on display "FOR SALE"
MECUM Kissimmee 2020 - reserve not met at $1.8M
MECUM Glendale 2020 - on display "FOR SALE"
and now
coming to MECUM Indy 2020 "the bid goes on ........"

I feel like the people that can afford the high end cars will not be adversely affected by this economy. The last crash we saw collector car prices go up because the big players were buying things they could touch and look at. The big question is will they show up or hunker down.

Why?

Is there something wrong with this car? If not I wouldn't take $1,800,000 either.

When the big cars aren't hitting reserves, you have to question if those bids were real at all. They'll absolutely bid the car close to the reserve in hopes of luring a bidder in. Happens all of the time.

When the big cars aren't hitting reserves, you have to question if those bids were real at all. They'll absolutely bid the car close to the reserve in hopes of luring a bidder in. Happens all of the time.


And it's legal in most states. It's called 'chandelier bidding'.

no way it happens

fixed it for you

I hope the show goes on.. I need to get out

MECUM Indy rescheduled to July 10-18th......

Middle aged people in an indoor confined space in the summer of 2020, what could go wrong?

I really like the 71 Hemi GTX in FC7 In Violet

Carsten