Mecum Results

VaCat33

VaCat33

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Hi All

The Mecum auction produced some surprising results. Six Tigers were up for auction this week. Four of them sold. I was pleasantly surprised to see the results. The prices could be indicative of a rise in collector car prices in general, or more specifically the continued interest in Tigers. Here is a breakdown of the results with links to the car:

K167: Sold @ $65,000
http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=FL0113-145003&entryRow=246&lottype=&startRow=241

T139: No Sale @ $54,000
http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=FL0113-142726&entryRow=135&lottype=&startRow=121

F205: Sold @ $59,000
http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=FL0113-143128&entryRow=214&lottype=&startRow=201

F261: No Sale @ $110,000
http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=FL0113-143184&entryRow=271&lottype=&startRow=261

S32.1: Sold @ $70,000
1965 Tiger…no link

S196: Sold @ 41,000
http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=FL0113-143524&entryRow=207&lottype=&startRow=201

Based upon these results you might want to reconsider valuations for insurance purposes.
 
Shop Insurances

Cautions for Newbies: Every time (without fail) we always get into a value debate with the "stated value" moguls over a body re-hab. Hand knitting from scratch what mother nature repossessed or incident history takes a lot of man hours and owner's determination. The result is a ton of investment that won't ever be insured.
 
Bargains

Seems like a give away on the
427. Would really like to know how deep sellers were in the cars.

I think I like mine a little more cause when driving I can stop at a grocery store parking lot filled with shopping carts..

Different valuation if you ride em or hide em, have a sprinklered garage or live in a brush area lots of factors to be considered.

Having been a captive agent for 22 years like to see the big print that giveth and the small print that taketh away.
 
Stated Value

I agree with dear 0ne. Assume a stated 60K. Also the car has never had an accident before.

Then you are rear ended in a nasty way. The insurance company is not going to give you 60k. They will pay for a pretty damn good repair.. new rear clip whatever it will cost them less than 60K. You will not be happy because it is no longer original bits in the back and value will drop going forward because of it.

Think of the Scottsdale, AZ windstorm when a Russo Steel tent collapsed and many cars were damaged, some significantly. No winners there. Better than nothing of course. Maybe someone on the Forum had a car pending sale in the tent the tornado hit and knows how things worked out. http://firegeezer.com/2010/01/23/collector-cars-wind-whipped-in-scottsdale/i

Regarding the low price on the "427". First it was not a "Tiger" but a "Tiger Hot Rod". It certainly took double that money to scratch build it. But really does not belong to the family Sunbeam other than body shell.

Rick
 
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"Does not belong to the Sunbeam family"

True the 427 "Hot Rod Sunbeam" would make any purist cringe; but to be fair, I imagine the really pure of the Sunbeam purists just may look on our beloved Tigers as nothing but "Hot Rod Alpines". But of course, Tigers were built in the Sunbeam factory....oh,,never mind!!...(P.S. Of course not included in this discourse of "pure" are those that lie, steal, or misrepresent our cars for personal gain)
 
SAOC

Actually read some of the Alpine owners assn.
They use some pretty bad words to describe Tigers but I am sure it is playful banter.

Diminution of value in case you get clipped and the car gets front or rear clipped too. Something to get in a policy or fight for in a claim

So the 427 can't compete in vintage racing boo hoo it is still bitchin,
Like a hot Hollywood starlet not much that is real left,....
 
TigerBlue said:
Regarding the low price on the "427". First it was not a "Tiger" but a "Tiger Hot Rod". It certainly took double that money to scratch build it. But really does not belong to the family Sunbeam other than body shell.

Rick
Click to expand...

That 427 'tiger' was offered at Mecum a year ago and was bid up to $55k and didn't meet reserve ! Seller was a little hungrier this time ? :confused:
http://www.mecum.com/auctions/lot_detail.cfm?CFGRIDKEY=FL0112-121235

Here's another 'hot rod' .. or I guess we'll call it a 'tribute' car so it will justify getting almost 4 times the selling price ( Aug. 2010 Mecum Monterey ) of the '427' car...:rolleyes:
http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=CA0810-96532&entryRow=95

Jim
B382000446
 
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results

doesn't stated value mean that the insurance company will repair the car up to that stated value?
 
Totally

Stated value is the amount the insurance will pay for a total loss. Stolen and not recovered or if repair cost would exceed stated value. A total loss. Naturally if it can be fixed for less they insist on fixing.

Regarding the Doan Spencer / HSC Tribute Tiger? That car was a Sunbeam Tiger. I have never seen it but those that have say it was special in every detail. Worth the selling price? Well it sold so we will have to wait and see if it surfaces again and sells for less more or the same. I am not playing at those tables so it matters not at all.
 
these large scale auction results always seem to raise more questions than they answer. Often we see very high prices achieved for cars that perhaps would not sell to the more knowledgeable for near that range.

I wonder how much of these results is down to hype and people getting carried away in all the fuss of the previous auctions and the general vibe of the place.

A while back 55k would buy you a very very nice tiger, now there are people turning down that money at auction... also there have been a few auctions in the recent past were a car has been listed as sold at a high price.. then magically shows up on ebay via dealers a month or so later. Look at Rob B's tiger that sold in the high 30's on ebay a few weeks back.. very solid car with a couple of nice additions.. admittedly a little personalized but easily converted to stock spec and i believe the parts came with it.. and the expensive part.. the body and paint was all good.

I think its good if the value of the cars starts to move toward the cost of restoring them properly... it means more cars are likely to be restored correctly, but not sure these results are true market indicators.

Enjoy the cars, drive them, spanner on them and hide parts receipts from your loved ones.. :D while its nice that the cars become widely appreciated and valued.. I dont think it will make a difference to most of us.. they are our hobby not a business.
 
TigerBlue said:
I agree with dear 0ne. Assume a stated 60K. Also the car has never had an accident before.

Then you are rear ended in a nasty way. The insurance company is not going to give you 60k. They will pay for a pretty damn good repair.. new rear clip whatever it will cost them less than 60K. You will not be happy because it is no longer original bits in the back and value will drop going forward because of it.

Rick
Click to expand...
Depending on your state's insurance rules, you could be entitled to compensation for "Loss of Value" after an accident repair.
Texas is one of the states that require the insurance companies to "Make You Whole" after an accident. But, even in the states that require this, the insurance companies are not going to voluntarily offer to compensate you for loss of value, you have to ASK for the compensation!
 
MECUM

I know this is added to an old post, but still applies.
Results of two red Tigers at Mecum Indianapolis this weekend were:

1967 MK1A
Lot T124 $50,000

1965 MK1
Lot F86 $67,500
 
Crap shoot

That's what those auctions have been . There was a trophy shop engraved vin tag in one last year.. Today I encouraged a 2 Tiger owner to fetch one of the cars he decides to sell to T.Utd. get it TACed there and probably get it sold too.
If you can't drive em they stop working . Leave em parked for.some time and earn a visit to the hydraulic repair section of Sunbeam Spec. Et al.

When posting please cut and paste a link, to the item you refer to.
 
1967 MK1A

http://www.mecum.com/auctions/lot_detail.cfm?CFGRIDKEY=SC0513-153138

Lot T124 $50,000

SC0513-153138_1.jpg


1965 MK1
this was the car that was listed on ebay and a few other locations. they were asking a lot more than high 60's IIRC.. a search of the forum should show it up.

http://www.mecum.com/auctions/lot_detail.cfm?CFGRIDKEY=SC0513-153289

Lot F86 $67,500

SC0513-153289_2.jpg
 
Thanks for posting link

Mike how do you keep all them red cars apart. I was not able to get in but I did not try very hard. It seems like you have to join their web ring or spam list to see the prices.

I think I recall the one car now although could just be a common complaint, all that dough and no air cleaner on one of em.

With the clones showing on ebay and plastic fantastic fiberglass ones out cobbled by more than one guy now still a wonder to see a off shelf hot rod store one on a higher end car.
 
F261: No Sale @ $110,000

I still do not understand the results for this one. What did the owner expect to get?
 
dude234 said:
F261: No Sale @ $110,000

I still do not understand the results for this one. What did the owner expect to get?
Click to expand...

Perhaps it was not a real bid.... maybe they put a silly reserve on it... bid it up.. and then will try and sell privately. The 110K car was at a dealer for a whle and the asking was high 80's i think.. maybe someone sees it now.. offers 90 and thinks they are getting a deal?
 
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