A 1957 Jaguar XK 140 MC coupe with 6,500 original miles since new will be featured among pristine cars to be auction in November at McCormick’s Palm Springs Collector Car auction.
“There is no reserve on the Jaguar,” meaning it will sell to the highest bidder, said Keith McCormick, who has been producing collector car auctions in Palm Springs the past 27 years. The fully restored car has had two owners and has been stored in a garage for years.
The next auction, set for Nov. 22-24 at the Spa Resort Casino in downtown Palm Springs, will showcase nearly 600 vehicles, some rarely seen. The auction opens on Friday at 3 p.m. and is free and open to the public. It continues on Saturday and Sunday, with tickets selling for $15 for one day or $25 for two days. The tickets include $10 worth of free cash play complements of the Spa Resort Casino.
“The auction last February generated just under $7 million in gross income with more than 450 cars sold.”
“We will have many noteworthy cars this fall,” McCormick said, which is one reason attendance has been increasing. Attendance exceeded 20,000 plus during the three-day event.
“The trend has been toward more high-end and rare cars,” McCormick said. Investors are finding a safe haven for their money in a tangible asset. The auction last February generated just under $7 million in gross income with more than 450 cars sold.
The auction will stream live via the Internet for three days and people who register in advance may bid for cars by phone. At the previous auction, people tuned in from across the United States, Europe and New Zealand to bid on cars.
Four cameras will be set up to show different views of each car as it passes through the auction tent. A special bank of phones will be set up to receive telephone bids. To connect to the live broadcast and receive registration information, go to www.classic-caraution.com
People bidding by telephone will have to register in advance and follow the same procedures as people attending the auction, McCormick noted. Bidding requires a $30 registration fee and a “good faith deposit,” which is refunded if nothing is purchased, McCormick said.
(Press Release and Image Source: McCormick’s Collector Car Auction)