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This Story expires on: Saturday Sep. 29, 2012

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. 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 or follow McCormick’s news at

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