Mecum doesn’t own the car. Same collector owns around 40 highly significant and rare cars. He has never been realistic on price for them. This G could have been bought over the past 4 years privately for around 225. He wanted 4m for his 400F french 4 speed convertible and 2m for the Desoto Adv FI convertible he has. Sometimes the sellers aren’t realistic, but why should that deter mecum from running it? You never know who is in the crowd. It’s on the seller to create hype and PR for the car if they want to max their value.Those weren’t New Yorker convertibles, they were Imperials and they went a little light. They were penalized likely due to being for sale multiple times before as a lot of 5, which is a dumb way to try and sell them.
Mike McCandlessOn Jan 15, 2022, at 10:34 PM, John Lyons <john@xxxxxxxxxxxxxx> wrote:
This was one of two things:1. Mecum not knowing the merchandise, look it at a rediculous reserve they accepted. Entirely possible. I type from experience. They do not know these cars well.2. Mecum owns the car. More likely given the 300k+ presale estimate.They did sell a serious of NY'r convertibles (57-61) all of which sold for $110k ish. Seemed market correct to me.
John Lyons860-883-3998
Excuse any typos.
On Jan 15, 2022, at 7:59 PM, Ray Melton <rfmelton@xxxxxxx> wrote:Although Mecum is ALWAYS high-price (heavily hyped auction mania, like B-J), maybe this "no-sale" at $175K indicates the market for these old letter cars is not "softening" as much as recently suggested (last couple of years).
Ray Melton
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On 1/15/2022 4:50 PM, dplotkin wrote:The Mecum G was a no sale at $175,000Danny PlotkinSent from my Verizon, Samsung Galaxy smartphone--
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