McCormick's continues record-setting trend

Palm Springs, Nov 26 2012 - Coming off back-to-back-to-back record-setting auctions, McCormick’s Palm Springs Collector Car Auction reached yet another apex this past auction, held November 16-18, 2012, with the largest-ever single-day revenue gain in the auction’s 27-year history. When compared to last November’s auction, gross revenue, was up nearly 6.5% with $6,126,478 generated.

“Classic cars continue to be a good investment and offer a way for sustained growth for those seeking a way to invest their money outside of the stock market,” comments Keith McCormick, founder of the well-known Palm Springs institution. “And as we saw in this past auction, a car need not be old to be considered a classic and sound investment. Among other modern classics we sold a 2009 Mercedes-Benz SLR and a 2011 Audi R8.”

McCormick’s continues to draw a large number of muscle cars along with resto-mods and what they like to call Palm Springs cars, which include many low-mileage ‘barn finds’ and classic convertibles from all eras. Some notable cars sold included Lot # 200, a 1981 DeLorean “Back to the Future” replica (a crowd favorite) sold for $44,867; Lot # 198, a 2005 Mercedes McLaren SLR sold for $188,409, Lot 187; a 1968 Volkswagen 21 window bus sold for $66,228; Lot 188, a 1963 Porsche 356B sold for $46,725; Lot 438 a 1968 Shelby GT350 sold for $78,750 just to name just a few. By the end of the auction 560 lots had crossed the block, with 362 sold to new owners.

McCormick’s Palms Springs Collector Car Auction holds two events a year in February and November. The 54th auction is scheduled for February 22, 23 and 24, 2013. To learn more, please visit McCormick’s Collector Car Auction at www.classic-carauction.com or follow McCormick’s news at www.facebook.com/mccormicksauction.

Special Car Channel Videos: www.specialcarstore.com/content/mccormicks-auction-53-2012; www.specialcarstore.com/content/palm-springs-2012-classic-car-show-53; www.specialcarstore.com/content/palm-springs-2012-hyatt; www.specialcarstore.com/content/palm-springs-2012-bureau-tourism