Mecum Auctions held their 35th Annual Spring Classic at the Indiana State Fairgrounds in Indianapolis, Indiana last week, raking in $126.5 million in sales, and an 81 percent sell-through rate on the 2,504 vehicles offered. Among the vehicles to cross the auction block was a substantial cadre of historic and collectable Cadillac models. Many of those crest-and-wreath offerings traded hands for significant sums.
One of the big-selling Cadillacs was a 2013 Cadillac CTS-V Sport Wagon. The second-generation Cadillac CTS-V debuted in 2008 with a new wider, longer appearance, new grille, and redesigned headlights and taillights. The Cadillac CTS-V received a new powertrain with the 2009 model year, a brutish 556-horsepower supercharged 6.2L V8 LSA engine that moved power to the rear wheels via either a six-speed Tremec TR-6060 manual or six-speed 6L90 automatic transmission. The CTS-V Coupe and Sport Wagon followed in 2011. The Sport Wagon didn’t last long, with production ending at the close of the 2014 model year, making it the rarest CTS-V. We reviewed this black-over-black example just before the sale, and it subsequently sold for $71,500 inclusive of buyer’s fees.
Another of the collector Cadillacs sold at last week’s auction was this highly original 1948 Cadillac Series 62 convertible finished in its original French Gray color over a maroon leather interior with a black cloth top. The 55,000 miles showing on the odometer are believed to true. The Series 62 is powered by the 346 cubic-inch flathead V8 with a single two-barrel carb, and making 150 horsepower. A four-speed automatic Hydra-Matic trans backs the flathead. The electrical system has been converted from six to twelve volts. The Series 62 sold for $51,700 with fees.
The 1976 Cadillac Eldorado was the second year of a restyling, and as such received only minor changes from the year previous. It featured rectangular headlights, egg-crate grille, full rear wheel openings sans fender skirts, new taillight lenses, painted wheel covers, and cleaner lines. It would be the last year for Caddy convertible as low convertible sales, coupled with proposed federal rollover standards, rang the death knell for the American convertible. This 1976 Cadillac Eldorado convertible was the subject of a recently completed restoration in Firethorn Red Metallic with a new white vinyl soft top. It crossed the block to a winning bid of $42,900.
One of the noteworthy Cadillacs that did not sell (not yet, anyway) is this 1954 Cadillac Eldorado convertible. The 1954 Eldorado shared the same basic body shell as the standard Cadillacs, being primarily distinguished by trim. This allowed Cadillac to drop the sticker price, resulting in increased sales. Just over 2,100 copies were produced for 1954, nearly four times as many as the previous year. This 1954 Cadillac Eldorado has an older restoration that is holding up well. It has traveled just 64,000 miles from new. In 1989, it was awarded the Antique Automobile Club of America National Senior First Prize, and it received the AACA Museum Expo Premier Award in 1996. Finished in Cadillac Black over a black leather interior, it is powered by a 331 cubic-inch V8. It failed to find new ownership at a $90,000 high bid, but many deals are finished in the days and weeks after an auction’s end.
All the Mecum Indy Spring Classic results can be seen here on the Mecum Auctions website.