V12 Cadillac is top classic at Houston sale

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More than 700 vehicles were sold raising over $18.5 million and achieving an 80% sale rate for Mecum at the Reliant Center in Houston, Texas from the 13-14 April.

Top-selling classic was a 1931 long-wheelbase Cadillac Roadster, with a 368cu in V12 engine and a three-speed gearbox. The car, from the Sterling McCall Old Car Museum Collection, sold for $165,000.

Next priciest classics were two 1967 Corvette Convertibles selling for $139,000 and $137,500. The former had been heavily modified and featured a modern LS6 engine, while the latter had been treated to a frame-off restoration and had covered only 39,000 miles.

Three more ’Vettes featured, from a 1963 Split Window Coupe to a 427/425 HP Coupe and a 427/435 HP Convertible. They sold for $132,500, $130,000 and $119,000 respectively.

Rounding off the top eight classics were two Shelby GT500s, one a 1968 GT500 KR ($109,000) and the other a 1969 GT500 Fastback ($105,000).

Dana Mecum, president and CEO of Mecum Auctions commented: “There has always been a perception that no collector car auction company has ever been able to have a successful auction in Houston.  I am happy to report that Mecum certainly made it happen in Houston.  We received a warm Texas welcome from the moment our crew set foot on the grounds until the final fall of the gavel at The Reliant Center. We certainly look forward to coming back to Houston in 2013.”

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