How Mecum is Gearing Up for the Denver Classic Car Auction
This 1966 classic Chevrolet Corvette is an example of the type of vehicles that Mecum Auctions loves to find new homes. This 327 Chevrolet Corvette is spectacular, right down to its side exhaust. It has a new convertible roof and brakes to match its restoration. You see other equally spectacular vehicles at the auction in Denver, June 8-9, 2018 at the Colorado Convention Center. John Kraman, a spokesperson for Mecum Auctions, tells me that Chevrolet Corvettes make up 8-10 percent of the vehicles at their events, because the cars are wildly popular.
Kraman says that Denver is quickly becoming one of their more attractive venues. They already have 450 vehicles that are consigned to be sold and they expect to have at least 600 for the event. In all, Kraman expects $10 million in sales over the two days.
More Television Coverage
New this year, the Denver Mecum Auction will be televised in its entirety. Mecum averages about 300,000 viewers per show. Last year, it was only broadcast on the company’s website. The added coverage may drive up the bidding on the vehicles.
There are several reasons that Mecum Auctions believes that the Denver market for collector cars will continue to grow. Denver’s economy continues to grow at a torrid pace. The unemployment rate is at record lows. Even though housing costs are rising, many people still have extra money to spend and the classic car market is still considered a strong investment.
Great Destination City
Kraman says that Denver is popular as a destination city. Many buyers are tying their trips to cities they want to visit. The buyers can take in all of the tourist sights, like the mountains and national parks, plus see the spectacle of the auction. Last year, Kraman said, people came from 38 different states to attend the Denver auction. Sellers from 20 different states consigned their vehicles here.
Just look around you at the different license plates and you’ll see that Denver is drawing residents from all over the country and many are bringing their love of classic vehicles here with them. Plus, Denver’s relatively mild climate is perfect for preserving old vehicles. The state doesn’t use road salt, and it has very low humidity. Body rot and rust are relatively non-existent in most Colorado vehicles. Many of the vehicles sold here are in much better condition than cars that started their lives in the Midwest and out east.
The Mecum Auction will take place at the Colorado Convention Center in Denver, June 8-9, 2018. Tickets are $20 in advance and $30 at the door.