What will it bring? 1967 Hemi GTX @ Mecum.

[Don selleck]

148K, listing your car on a world market for 10%, that's cheap, you ain't gonna get anywhere near that price selling outright, no reserve can be scary, but that knocks it down to 6%, IMO, HUMBLE of course

 

[gtx6970]

Yea, $60K would have to have "issues" with docs or body that aren't shown on the mecum page.

Like it should have a IBM punch-card at least. The underbody should have the hemi ID'ing items and they should look original. The more "hits" it starts taking the price goes down.

People were faking and re-boding cars in late 80's and 90's. The "good ole days" had plenty of scandalous stuff too. That's a 40 year old resto now. So the cars may "look" original, or like they just had repaints on an original car. But really they were all gone through and things have 40 years of sitting around wear.

And this is a Mecum auction with reserves, right? So I don't see anyone letting go for under $75K cause the seller might only net $65K after fees, taxes, transportation, boarding costs.

Agreed on all accounts.

I know of a few 66-67 hemi cars sold in past year.

1966 Satellite CLONE. very nice car. SOLD first day at mid $50s ( original 273 car )

Green 66 Belv. Upper $60s hemi column auto. Real car but kind of a hotrod

Blue 66 coronet 500 . Mid $70s hemi console auto. Nice...not perfect car. I'll call it a Very solid upper level driver.

Why I say....a good car $75 k and up


Something to keep in mind buying at auction.

Buyers fees and sales tax get added on at the end
So bid accordingly

 

[N96Cuda]

A Hemi, 4-speed 1967 GTX sold from London, Ontario last fall for $120,000 CAN. It went to Pentastic Motors,where they dabble in Musclecars. Dave jacked the price up, but I see it is no longer on inventory. The car was white, with a bronze painted top, and bronze interior. It sounds kinda weird, but I thought it was quite attractive. I think Dadsbee's wife bought her Barracuda there.

Wow, now that I would up my budget for. But, were factory painted tops even available in 1967? Sounds like a good-looking car to me.

 

[N96Cuda]

Welp, after thinking this through, I have decided not to pursue this car, or a couple of others that I was considering at Mecum. My reasoning is..
1. Having to pay just to be able to bid. $500 if you think the bid(s) will be over 50,000. I think it was $200 otherwise?
2. Mecum, and the other auction companies, flat do not give enough information or pics. Probably for a reason.
3. Even with no reserve cars, the owner could easily have someone bid it up.
4. It will undoubtably sell for more than I want to pay. I would be in at low 60's even with commissions, hauling, etc.
5. If more tariffs are put in place my disposable income will drastically drop. Please no political thoughts on this thread, I will not respond or debate here.

With that said, I enjoyed attending, and bidding on a couple of 68 hemi B-bodies at last years Mecum Dallas auction, even though I didn't particularly enjoy being on camera. Later found out the reserves were well over 20,000 more than the 70,000 or so that I had bid. I have no problem NOT getting caught up in any bidding wars since I have purchased many high-end cattle at auctions for decades, so I'm immune to the excitement/action of the auction atmosphere.

But this auction will be fun and relaxing to watch since I have taken myself out of the equation. Thanks for all the responses.

 

[68BabyBlue]

Welp, after thinking this through, I have decided not to pursue this car, or a couple of others that I was considering at Mecum. My reasoning is..
1. Having to pay just to be able to bid. $500 if you think the bid(s) will be over 50,000. I think it was $200 otherwise?
2. Mecum, and the other auction companies, flat do not give enough information or pics. Probably for a reason.
3. Even with no reserve cars, the owner could easily have someone bid it up.
4. It will undoubtably sell for more than I want to pay. I would be in at low 60's even with commissions, hauling, etc.
5. If more tariffs are put in place my disposable income will drastically drop. Please no political thoughts on this thread, I will not respond or debate here.

With that said, I enjoyed attending, and bidding on a couple of 68 hemi B-bodies at last years Mecum Dallas auction, even though I didn't particularly enjoy being on camera. Later found out the reserves were well over 20,000 more than the 70,000 or so that I had bid. I have no problem NOT getting caught up in any bidding wars since I have purchased many high-end cattle at auctions for decades, so I'm immune to the excitement/action of the auction atmosphere.

But this auction will be fun and relaxing to watch since I have taken myself out of the equation. Thanks for all the responses.

You have cited valid reasons for your decision. This issue has been kicked around on previous threads, and the consensus seems to be that Mecum can be an appropriate venue for selling, but not so much for buying, the issue being the factors driving inflated prices. I consigned a car in 2020, after attending the prior year's event, and watching the high rollers doing their thing, after consuming complementary alcohol. Covid nixed the event, and I ended up selling the car private party.

The car ended up on the auction circuit soon after, and has traded hands at a 60% premium over book with the high rollers, hasn't been driven since 2021 (I sold it with an actual mile title.) When I put that one up on FBBO, there were no high rollers (the member who occupy that tier weren't interested in a 440 four barrel.)

I love attending Mecum events for entertainment. It reminds of horse races, fun, but the odds seem against you as a buyer. Someone will win, but it won't be me. I already bought the last one I'll ever own, so now I enjoy it as a spectator.

 

[autoxcuda]

3. Even with no reserve cars, the owner could easily have someone bid it up

Even the auction house itself can bid it up. That's legal. And they do it.

A friend was selling a Mopar years ago and the auction house was asking the him on stage to lower his reserve because two of the bidders were their own people. Even though the seller might loose $10K, the auction house still gets selling fees; something is better than nothing for them.