June 2019 brought the MECUM Auction Company to Portland Oregon again for another nationally televised collector car auction. For us old car nuts, these are always exciting with hundreds of collector cars in one place to view and to buy.
I sold my 66 Biscayne at the Las Vegas Mecum Auction last year. That was exciting and I can tell you that these folks are absolutely great to work with, very professional, very helpful and full of integrity.
This years Portland Auction saw hundreds of cars “cross the block,” and by my calculations had nearly a 59% sell through. The Mecum auction is a “reserve” auction, meaning the owner can put a minimum amount he or she will accept for their car. Of course, the owner can “lift” the reserve as the car is on the block if the bid doesn’t reach their minimum but gets close, spurring him or her to do so. If you are in attendance you might hear “the reserve is off.” This sometimes causes the bidders to increase their bids/efforts since now they know they are going to actually buy the car of their dreams. Many cars cross the block with “NO RESERVE.” You’ll see a sticker, usually in the upper center of the windshield, with a capitalized NR. This means these cars will sell to the highest bidder.
Speaking of Dream Cars… Too bad I’m not rich. I would have bought a few cars at this year’s auction. There was a Nova SS that I particularly liked. Coincidently, a friend of mine liked it too and was watching it closely. The bid went higher that he and his wife were willing to go but it sold and went to a new home.
There were what I would call some “real deals” there too. One I liked was a 49 or 50 Studebaker with a later Studebaker V-8 engine, updated newer Cadillac interior and flames. It was an older build, showing some use but I thought is was a deal for around $6500 at the hammer. One could have driven it to a cruise the next day after the auction. Instant fun for that low of a price, what a deal.
I anticipate the Mecum Auction Company will be back again next June so if you’re selling or looking to buy, plan on getting your car consigned early, in the spring 2020 or if your in the market for another addition to your stable, mark you calendar for next year. You can find consignment info etc. at www.mecum.com.