Palm Springs, CA – November 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.

Note: Sales prices include our 5% buy fee.