Mecum 440-6 Superbird Can't Break $100,000

[Bruzilla]

I was just watching the Mecum Anaheim 2013 auction on Velocity and they had a gorgeous Tor Red 440-6 Superbird cross the block and it couldn't break $100,000! Needless to say it didn't sell, but when was the last time you saw a Superbird cross the block and not draw more than $100,000?

http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=AN1113-168236

It's looking like trucks, exotics, and 1920 and older cars are doing well, but the muscle cars are mostly "and the bid goes on..."

 

[Meep-Meep]

Hmmm, looks like I'll be keeping that 66 HEMI Charger. Unless I can make it look like a 55 Nomad or a Sanford and Son truck.

 

[Bruzilla]

Just had a fully-restored 69 440-6 Super Bee struggle to get to $75k and the owner lifted a reserve to sell it.

http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=AN1113-168243&entryRow=121&lottype=&startRow=121

 

[Meep-Meep]

You're killing me.

 

[Sonny Black]

I don't know BUT a lot of chev's, mustangs, etc., in my class at car shows and I always get attention with the '63 ply..
I think people WANT MOPARS :love6:but are afraid to get into one because the masses see "350 power glide" quick fix cookie cutter gm's:violent-smiley-100:.......if I wanted a Golf Cart I would ---> buy one(put your foot down and go)

I could go on but who would listen?

Sonny

P.S. I 'd rather be driving my hemi 'cuda:tongue: than a 'vette any day.

 

[modernistsouth]

P.S. I 'd rather be driving my hemi 'cuda:tongue: than a 'vette any day.

I'd rather be driving my 383 Roadrunner than a 'vette any day. :icon_winkle:LOL

 

[1971 plymouth roadrunner]

Mecum has never really ever done well when it comes to mopars, for the last few years most mopars crossing the block at Mecum, almost never actually sell. Mecum has never done enough to get the buyers worked up like auction houses like Barrett Jackson is able to do, thus they are unable to command the higher prices that you see at such places for higher end cars.

 

[62MAX]

If it would have been a 4 spd,would have probably done better,however the inflated price days are gone,reality is the key factor today plus the added auction fee's don't help either.I could have sold mine well above that figure in 2006 but choose to keep it as I never did have any intentions of selling then or now .

 

[440fish]

I don't personally put too much faith in the results of one or two cars at an given acution (especially the high end super exotics like a super bird.) Quite frankly there needs to be a collector looking for that particular car to actually acertain its value. I.E. most people arent even looking for a 100K + car.

What i believe is a better barometer is what the "everyday" resto's / resto- mods are selling for. This is what the masses of potential buyers are really looking at and the dealers will snap them up to make money on them. These cars seem to be selling fairly well although you occationally get a pit in your stomach when a perfect one (similar to what you have in the garage) sells for real short $..... lol

Also need to consider the fees / etc when calculating what these auction cars "really" sell for



Given the current state of the economy most muscle cars are a pretty good bargain right now.

 

[Pops1967GTX]

Hmmm, looks like I'll be keeping that 66 HEMI Charger. Unless I can make it look like a 55 Nomad or a Sanford and Son truck.

Stay with The Dodge Rebellion Meep.....


[video=youtube;Vfx464wa4ss]http://www.youtube.com/watch?v=Vfx464wa4ss[/video]

 

[wannadrag]

Let the prices drop.I hope the bottom drops right out.

 

[Budnicks]

Hmmm, looks like I'll be keeping that 66 HEMI Charger. Unless I can make it look like a 55 Nomad or a Sanford and Son truck.

Meeps yeah that green 66 Hemi 4spd Charger was a great survivor car, your looks better thou... IMHFO Mecum never really brings top dollar for any car, except select well advertised specialty or one of one cars, they seem to quick gavel allot of the cars too... Allot of good deals for buyers there, not so much for consigners & probably 50% no sales, unless they were sold after they went over the block... Barrett Jackson seems to get far more $$$, with no reserves, for quality cars, especially Mopars, than Mecum... IMO with 12 auctions a year they are just flooding the market with these cars, killing the resale, it's more like a wholesale & dealers setting than what it was back in 2007... Resto-mod or Pro-Touing & customs seem to bring the big bucks now on Mecum anyway, kind of trending that direction on the last few BJ's too... It's really hard to get big bucks, when there's no money in the room, 2 highest selling cars were both Ford GT's a blown version 2005 & a stock 2006 both sold for $215k

 

[GrabberOrange69]

I think this is just the tipping point.

Used to be decades ago that correctly restored Model As and '32 Fords were worth more than hot rods. Now they are cutting up 100 point early Ford concourse correct iron to make high end hot rods (in fact they've been doing it for at least a decade).

I predict our cars will follow the same pattern at some point in the future - though I can't see low production cars like real Hemis, LS-6s, early Shelbys falling into that pattern, just like no one is hacking up Cord's or Deusenbergs either.

These 60s Muscle Cars mean alot to the folks that saw and bought them new - who's rights of passage were in those cars and inseparably connected. What will "Millennials" do with a Superbird? They didn't lose their virginity, win their first race, get their driver's license, or watch Petty win...in those cars. They might consider hacking one into a G-machine/performance car like "Fast and Furious 6". They'll like them because they are visually cool, loud, and in your face. But not because they have the correct chalk marks or numbers matching carb - they won't be paying for that.

I love our cars. They'll have to peel the Hurst shift knob from my cold dead hand. Don't know if enough youngsters will feel that way...

 

[Bruzilla]

It wasn't just the Mopar muscle and pony cars that were coming up short. It was all of them. All of them were drawing some good bids but not meeting the reserves.

It'll be interesting to see how prices go at the next BJ auction cause ole Mr. Mecum was getting more than a bit steamed last night at the high number of no sells. The cams showed him yelling at one owner for not dropping a reserve on a Chevy that had a high bidder on the phone and the owner was holding out for another $5k from someone in the audience, and Mecum waved his arm at the audience and yelled "it isn't out there and we're here to sell cars!"

I suspect were going to see BJ and Mecum making major changes to their reserve policies if this keeps up. They can't afford to have all these bought-at-the-top guys not wanting to lose money

 

[Dennis H]

I think this is just the tipping point.

Used to be decades ago that correctly restored Model As and '32 Fords were worth more than hot rods. Now they are cutting up 100 point early Ford concourse correct iron to make high end hot rods (in fact they've been doing it for at least a decade).

I predict our cars will follow the same pattern at some point in the future - though I can't see low production cars like real Hemis, LS-6s, early Shelbys falling into that pattern, just like no one is hacking up Cord's or Deusenbergs either.

These 60s Muscle Cars mean alot to the folks that saw and bought them new - who's rights of passage were in those cars and inseparably connected. What will "Millennials" do with a Superbird? They didn't lose their virginity, win their first race, get their driver's license, or watch Petty win...in those cars. They might consider hacking one into a G-machine/performance car like "Fast and Furious 6". They'll like them because they are visually cool, loud, and in your face. But not because they have the correct chalk marks or numbers matching carb - they won't be paying for that.

I love our cars. They'll have to peel the Hurst shift knob from my cold dead hand. Don't know if enough youngsters will feel that way...

Exactly - as they say. More proof that we should wear them out. Drive them. They are purpose-built American Legends. Hurst T handle for me.

 

[Relax360]

The market is really soft right now due to the uncertainty in the economy. The other factor is people selling these cars are looking to get more money then buyers are willing to pay. Bruzilla is right it wasnt just mopars it was everything. I wasnt there so i cant speak for the quality of the cars. But i believe that same SuperBird didnt sell at Monterey Mecum auction either. The only cars i see really consistantly bringing in 100k are 30's Fords done right.

 

[Meep-Meep]

Hey Pops, there is something wrong with my car. It doesn't have a cute blonde girl in it.

 

[Moparsmitty]

It wasn't just the Mopar muscle and pony cars that were coming up short. It was all of them. All of them were drawing some good bids but not meeting the reserves.

It'll be interesting to see how prices go at the next BJ auction cause ole Mr. Mecum was getting more than a bit steamed last night at the high number of no sells. The cams showed him yelling at one owner for not dropping a reserve on a Chevy that had a high bidder on the phone and the owner was holding out for another $5k from someone in the audience, and Mecum waved his arm at the audience and yelled "it isn't out there and we're here to sell cars!"

I suspect were going to see BJ and Mecum making major changes to their reserve policies if this keeps up. They can't afford to have all these bought-at-the-top guys not wanting to lose money

Maybe Mecum, Barrett-Jackson and the rest of the auction houses should significantly drop the sales commission on no reserve cars. Then maybe a larger percentage of the cars would sell and it would stop being a rolling car show.

 

[Bruzilla]

I don't know what they're wracking on commission or buyer's premiums, but my guess is if you bought a car for $300,000 a few years ago, you aren't going to want to let it go for a third of that today, and that's the problem.

I suspected this was going to happen when I saw more and more collections being sold at Barrett Jackson events and others over the past two years. The owners were even paying to make special presentation videos of their collections to spur sales, and for every one of them the excuse for selling was always the same... to make room for the owners to buy different cars. I thought that was BS back then and I still do. You don't sell a collection en masse to buy a new collection. You sell a collection en masse because you want to unload a bunch of cars, and you claim you're trying to make room because saying the truth, that you see the market collapsing and want to unload your collection before prices tank, might cause buyers to shy away.

As Zed said in Men In Black, "it looks like the party's over and the last one out gets stuck with the check."

 

[D575]

Let the prices drop.I hope the bottom drops right out.

I'm with you, I'll be there waiting with my bank account.