While there has been endless chatter about the many ways Bring A Trailer is smashing auction sales records, the traditional in-person events have also been ripping right along. Although there were significant dips at the height of the pandemic, those drops were clearly just moments in time.
Mecum's annual Dallas auction recently delivered compelling results, recording over $55 million in sales and a sell-through rate of 84 percent. Not surprisingly, the Ford GT continues to be a ridiculously hot seller, making anyone who bought one of these when they were a year or two old look very smart at this point. A low-mileage Heritage edition pulled an incredible $704,000, followed by two additional examples that also saw strong money.
One of the curveballs I didn't expect to see was a very hot market for old-school Mopars. All the talk about baby boomers fading out of the hobby and causing a death-spiral in values seems to be just a bunch of hot air, with a 1969 Daytona nabbing $418,000 and a 1970 Superbird netting just under $325,000. Even a Bel Air bubble top left the auction block with a sale price of $280,500.
While the mortals worry about a recession, high roller seemingly have no qualms putting money into the collector car marketplace.