'Vault Find' 1967 Corvette 427 Auctioned for $675,000
01-16-2022, 09:18 PM
#21
Team Owner
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01-16-2022, 10:19 PM
#22
Racer
If it sold for $418,000 the consignor didn't get that amount of money. $418,000 translates to a winning high bid of $380,000. From that the seller pays a 10% commission (unless he has a deal with Mecum). So he nets $342,000 for a loss of nearly 50%.
01-17-2022, 12:47 AM
#23
Race Director
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petdoc (01-17-2022)
01-17-2022, 08:11 AM
#25
Tether Man
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01-17-2022, 08:26 AM
#26
Race Director
His 2017 Ford GT netted about 1 million and got crazy prices for most of his other cars. Here's part of what he sold:
From the Jackie & Gary Runyon Collection at Kissimmee 2022 (mecum.com)
01-17-2022, 08:50 AM
#27
Team Owner
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No need to shed too many tears for this seller. He offered up dozens of his collector cars at Kissimmee.
His 2017 Ford GT netted about 1 million and got crazy prices for most of his other cars. Here's part of what he sold:
From the Jackie & Gary Runyon Collection at Kissimmee 2022 (mecum.com)
His 2017 Ford GT netted about 1 million and got crazy prices for most of his other cars. Here's part of what he sold:
From the Jackie & Gary Runyon Collection at Kissimmee 2022 (mecum.com)
Some of those cars, cool. Most, not. Meh.
01-17-2022, 09:25 AM
#28
Melting Slicks
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The only constant in this car flipping game is that Mecum makes money coming and going........
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01-17-2022, 10:37 AM
#30
The seller could of put a Reserve on the Corvette and brought it back home ,but there was a No reserve put on for a quick sell and maybe only a few bidders some one stole it for $418k
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rsinor (01-17-2022)
01-17-2022, 11:27 AM
#31
Cruising
01-17-2022, 12:12 PM
#32
Racer
Correct, I failed to consider the no reserve factor, and I'm sure he had a deal with Mecom.
01-17-2022, 05:23 PM
#33
Burning Brakes
I'll bet they only enjoy that enormously expensive car by looking at it and trailering it to be on display. I once owned a super low mileage '78 Pace Car (63 miles) that I bought out of the original dealer's showroom in 2005, where it sat since new. It pained me to see that odometer roll to every show, where the car was very well known. After 2 years, and 2,200 miles on it, I just had to sell it. 
To that end... never had much time to use it.. life's busy. After 6 or so years it still had less than 1500 miles on it. Then like above, I was more concerned about putting miles on it.. what if I went over 2000.. it is not as special any longer. Defeated the whole dang reason for getting the car !!!! Like above.. had to sell it... what.. another car hanging around that was meant to be driven but for some stupid reason we totally loose sight they are there to be driven.
01-17-2022, 06:33 PM
#34
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what do you mean got trashed?
01-20-2022, 10:00 PM
#35
the only person that got a great deal was the buyer of the 67 435 paid 340k car was bought in 2017 for 675k Runyon is big car collector he auction off about 10 million or more in cars include the corvette at No Reserve made sure to sell off his whole collection at Mecum that weekend he didnt lose any money.
