{"id":369933,"date":"2012-08-29T10:00:03","date_gmt":"2012-08-29T17:00:03","guid":{"rendered":"https:\/\/sportscardigest.com\/?p=43504"},"modified":"2024-12-06T03:35:53","modified_gmt":"2024-12-06T03:35:53","slug":"mecum-monterey-2012-auction-report","status":"publish","type":"post","link":"https:\/\/www.supercars.net\/blog\/mecum-monterey-2012-auction-report\/","title":{"rendered":"Mecum Monterey (2012) – Auction Report"},"content":{"rendered":"

Mecum Auctions, Hyatt Regency, Monterey, California, August 16-18, 2012<\/p>\n

Report and photos by Rick Carey, Auction Editor<\/p>\n

This was Mecum\u2019s fourth year at Monterey, an expansion which many considered risky at best and foolish at worst. The Mecum team has shown that it was intelligently conceived and nearly flawlessly executed and the Mecum auction now captures the third highest sale total on the Peninsula.<\/p>\n

It takes a lot of hard work to put on a three-day sale with 559 cars, motorcycles and automobilia (\u2018Road Art\u2019 in Mecum-speak) but Mecum continues to pull it off ever more effectively. The numbers \u2013 like the 85.4% increase in the mean transaction value \u2013 tell an interesting story.<\/p>\n

There were a number of headline consignments, notably the 1972 SCCA Can-Am Championship winning Porsche 917\/10 sold for $5,000,000, $5,830,000 with commission and the 71-bike collection of MV Agustas that were auctioned in a single lot but fell short of reserve at $800,000.<\/p>\n

The Porsche attracted similar consignments, both Can-Am cars like Don Nichols\u2019 one race, as-new Shadow DN4 and truckloads of Porsches.<\/p>\n

The Mecum crew exhibits a bit of flair and fun from time to time, a hint that they really like what they\u2019re doing. The hint in Monterey was a tent full of nothing but red cars. Not \u2018red\u2019 in the Italian sense, but red in color including Cord, Porsche and Mercedes-Benz.<\/p>\n

The cars reported here are predominantly the higher end and race cars displayed in the main tent and some of the outlying preview tents. We\u2019ll have many more, and more diverse, cars in the second tranche of auction reports that will be added here soon.<\/p>\n

[table id=56 \/]<\/p>\n

Mecum Monterey 2012 – Auction Report<\/strong><\/h2>\n
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Lot # T087.1 1965 Merlyn Mk 6A Sports Racer; S\/N 85RS; White, Gold stripe\/Black; Competition restoration, 3+ condition; Not sold at Hammer bid of $50,000 \u2014 RHD. Good paint, sound older upholstery. Neat, tidy vintage racer with a replacement chassis, Lotus twin cam, Weber 45DCOE carbs, billet crank, Carillo rods, alloy pistons, 5-speed Hewland Mk 9 transaxle, driver\u2019s rollbar and wraparound Plexiglas windshield and side windows. An F\/modified giant killer ready to go racing with someone new which at this price it should have found.<\/figcaption><\/figure>\n
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Lot # F132 1957 Porsche 356 Speedster, Body by Reutter; S\/N 82856; Engine # P63442; Red\/Tan leather, Red piping; Tan cloth top; Recent restoration, 2- condition; Hammered Sold at $157,000 plus commission of 6.00%; Final Price $166,420 \u2014 Bumper overriders, chrome wheels, dual outside mirrors, 1600cc engine from 1956, as is the body. Accurately and attractively restored and maintained, completed earlier this year. Good paint over filled body. Excellent chrome and interior. This is a competently restored and presented Speedster that isn\u2019t too good to be driven. It was offered by Mecum at Indy in 2010 but didn\u2019t sell at a bid of $127,000, then was reported sold at Indy in 2011 for $127,200. The restoration reportedly was completed subsequently. While the body filler is unsettling it\u2019s not uncommon in Porsches of this era and the price it brought intelligently compromises the issues with the quality and presentation.<\/figcaption><\/figure>\n
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Lot # F138 1936 Cord 810 Convertible Coupe Sportsman; S\/N 8102386; Red\/Black leather; Older restoration, 2- condition; Hammered Sold at $155,000 plus commission of 6.00%; Final Price $164,300 \u2014 Cord fog lights, wide whitewalls, radio. A good older restoration showing a little age but not much use. Very good paint, chrome and interior. One of the most rare and sought Cord body styles, a dramatic contrast with the bread-and-butter Westchester and Beverly sedans. This is a sound and presentable car that should reward its next owner with pride of place at any ACD gathering.<\/figcaption><\/figure>\n
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Lot # S041 1957 Jaguar XK 140 Roadster; S\/N S812485; Red\/Tan leather; Older restoration, 3 condition; Not sold at Hammer bid of $76,000 \u2014 Moto-Lita 4-spoke woodrim steering wheel, chrome wire wheels, 225\/70R16 Goodyear radial tires, windwings, Lucas driving lights, fender mirrors. Sound paint, chrome and interior. Dirty engine begging for detailing, driver\u2019s door cap leather discolored from use. Road grime on chassis. Authentically wavy bodywork. A used driver that could be much better after a thorough detailing. Reported sold by RM at St. Johns a month ago for $63,250, a gift to the consignor there who neglected its presentation shamelessly. If there was money for this car anywhere on the Hyatt golf course the seller should have taken it with gratitude.<\/figcaption><\/figure>\n
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Lot # S084 1932 Alvis Speed 20 SA 4-Door Tourer, Body by Cross & Ellis; S\/N 14697; Engine # 10461; Ivory, Grey fenders\/Red leather; Black cloth top; Older restoration, 2- condition; Not sold at Hammer bid of $125,000 \u2014 RHD. Red wire wheels, blackwall tries, dual sidemounts, wind wings, folding windshield, Lucas driving light, Andre Telecontrol shocks, huge wind wings, cutdown doors. Restored to like new condition with little evidence of subsequent use and a CCCA Senior winner. No longer fresh, but still attractive. Not many collectors credit Alvis for the exceptional cars they built, which is unfortunate. This is a sound, presentable and probably highly usable example of Alvis\u2019s Speed model with triple carbs. While it should impart some important distinction to its next owner and has particularly sporting and unusual coachwork it will always require explanation and that makes this a reasonable bid for it at least in the US.<\/figcaption><\/figure>\n
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Lot # S087 1931 Auburn 8-98 Boattail Speedster; S\/N GU63191; Beige, Brown accent\/Brown leather; Older restoration, 3- condition; Not sold at Hammer bid of $122,500 \u2014 Chrome wire wheels, whitewall tires, single Pilot-Ray. An older restoration that has seen many subsequent miles. Paint is sound but old, so is the upholstery. Chassis and underbody are grimy. Usable but not pretty. A tired older restoration of a less-desirable Auburn model that could have been sold for the reported high bid.<\/figcaption><\/figure>\n
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Lot # S094 1939 Bentley 4 1\/4 Liter Sunroof Coupe, Body by Vanvooren; S\/N B132LS; Dark Blue\/Dark Blue leather; Cosmetic restoration, 3- condition; Hammered Sold at $330,000 plus commission of 6.00%; Final Price $349,800 \u2014 RHD. Wheel discs, rear mounted spare, blackwall tires, sliding sunroof, roof rack mounts, Marchal headlights and fog light, fender mirrors, radio but antenna is broken. Sound but mediocre old repaint, good chrome. Cracked and torn original upholstery that is well beyond being described as patina. Chassis given some paint but little other attention. Good interior wood. There is nothing about being \u2018sympathetically restored\u2019 on this Bentley, but it still has particularly attractive coachwork that looks every bit the part of a rakish Continental tourer ready to gobble miles of autoroute with style and panache. It has serious concours potential, but needs a lot, a whole lot, to realize it. The price it brought is ample.<\/figcaption><\/figure>\n

<\/p>\n

Mecum Monterey 2012 – Auction Report Page Two<\/strong><\/h4>\n
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Lot # S095 1966 Ferrari 275 GTB Alloy Berlinetta; S\/N 08143; Engine # 08143; Red\/Black leather; Recent restoration, 3+ condition; Not sold at Hammer bid of $1,100,000 \u2014 Centerlock alloy wheels, Michelin XWX tires, full tool roll. Long nose body, represented as matching numbers with complete ownership history from new. Includes four new Borrani wire wheels and handbook. Fresh paint and major chrome but window and door trim not done. Good new interior. Paint job quality is mediocre with visible flaws. Underbody is clean but unexceptional. Visibly deficient in presentation and preparation, the seller should still be reconsidering declining this bid if there was money behind it. There is real potential here, but there is a ways to go to realize it.<\/figcaption><\/figure>\n
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Lot # S097 1954 Ferrari 750 Monza Spider, Body by Scaglietti; S\/N 0462MD; Red\/Faded Blue cloth; Competition car, original as-raced, 3+ condition; Not sold at Hammer bid of $2,800,000 \u2014 RHD. 857 engine installed, original block (but not much else) and a transaxle included, passenger\u2019s seat hard cover, driver\u2019s windshield, 5- speed gearbox, silver painted wire wheels. Freshly serviced. Old upholstery worn through. Edge cracked paint. Never really restored, erratic paint, good chassis and engine. A plain old race car. This is a hard sell at Mecum unless the seller is willing to accept a haircut or prepared to spend the time and money to bring it back to its original configuration. Leaving a lot of \u2018promise\u2019 to bidders isn\u2019t calculated to achieve a generous price and this bid makes sense for what was on offer at the Hyatt.<\/figcaption><\/figure>\n
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Lot # S101 1908 Simplex 50 Speedcar Roadster; S\/N 211; Maroon\/Black leather; Concours restoration, 1- condition; Hammered Sold at $1,900,000 plus commission of 6.00%; Final Price $2,014,000 \u2014 RHD. Condor bulb horn, Warner speedometer and clock, Solar kerosene side lights, dual rear spares with round Sages luggage, Solar Type 796 acetylene headlights, 610 cubic inch T-head four, Simplex carburetor, Bosch magneto, double chain drive. Older show quality restoration with excellent paint, good upholstery and brilliant brass. Described as the oldest known surviving Simplex. Freshly restored and nearly impeccable. At this price the bidders plainly accepted the auction\u2019s representation that this is the oldest known Simplex. Its condition and presentation are nearly concours-fresh and it has to be an endorphin-producing ride no matter what its history. In the absence of evidence of the originality of its configuration the new owner had to accept it for what is, a bit of a stretch at this price. (photo: Mecum)<\/figcaption><\/figure>\n
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Lot # S103 1934 Packard 1107 Twelve Convertible Sedan; S\/N 110774313; Dark Red, Maroon accent\/Dark Red leather; Black cloth top; Older restoration, 3 condition; Not sold at Hammer bid of $180,000 \u2014 Chrome wire wheels, wide whitewalls, dual enclosed sidemounts with mirrors, radiator stoneguard, trunk rack. An older restoration to like new condition with age and use. A few edge cracks but still presentable. A good tour car. Offered by RM in Arizona earlier this year and reported sold for $180,000. No wonder it didn\u2019t get cut loose here in Monterey.<\/figcaption><\/figure>\n
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Lot # S110 2008 Cadillac CTS-V Factory Race Car; S\/N SOLD ON BILL OF SALE; Black, Red, White\/Black; Competition car, original as-raced, 3 condition; Not sold at Hammer bid of $180,000 \u2014 As raced, clean and orderly as expected for a factory race team car. Extensively modified and reconfigured with few factory parts other than the floor pan, steel roof and rear suspension. Eligible for SCCA racing where it should be a contender after preparation and safety checks. Still, a similar thrill is available at 1\/6 the price with a road racing configured NASCAR cup car.<\/figcaption><\/figure>\n
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Lot # S123 1972 Porsche 917\/10 Spyder; S\/N 003; White \u201cL&M\u201d\/Black; Competition restoration, 3+ condition; Hammered Sold at $5,500,000 plus commission of 6.00%; Final Price $5,830,000 \u2014 The 1972 SCCA Can-Am championship winning twin turbo 917\/10 driven by Mark Donohue and George Follmer. Attested extensively by Penske\u2019s chief mechanic \u2018Woody\u2019 Woodward and documented with one of the best single-car books Monterey has seen [written by Stephen Cox, to give credit where it\u2019s due.] Cleaned up and, visually at least, race ready. Breathtakingly powerful and singularly important in American (and Porsche) racing history, this is if anything a modest price for this car\u2019s performance, appearance and history. It is the single car that ended McLaren\u2019s domination of the Can-Am, and unfortunately set Can-Am on the path to irrelevance as the pinnacle of \u2018run whatever you want\u2019 road racing and a sound value at this price especially with an indifferent result GT40\/Mirage selling for $11 million this weekend.<\/figcaption><\/figure>\n
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Lot # S128 1956 Mercedes-Benz 300SL Gullwing; S\/N 1980405500637; Engine # 1989805500630; Red\/Black leather; Visually maintained, largely original, 3 condition; Hammered Sold at $675,000 plus commission of 6.00%; Final Price $715,500 \u2014 Red fitted luggage, polished alloy wheels, Black fitted luggage, Nardi woodrim hinged steering wheel, Becker Mexico radio, bumper overriders. Fresh paint and chrome and the top of the engine is done but the compartment it sits in is aged and neglected. Doors fit well. Dressed up for the auction, but still tacky under the new outfit. Sold by RM in Boca Raton in 2004 for $211,325 with rust bubbles and indifferent presentation. It\u2019s better today but still not a particularly attractive Gullwing, just a presentable driver that offers little confidence of its mechanical condition. As such this result is a major success. Driven for a while, it will soon demand comprehensive work which will quickly become a \u2018while it\u2019s apart\u2019 restoration and put the owner underwater.<\/figcaption><\/figure>\n

<\/p>\n

Mecum Monterey 2012 – Auction Report Page Three<\/strong><\/h4>\n
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Lot # S129 1974 Shadow DN4 Can-Am; S\/N DN4-4A; Black \u201cUOP\u201d\/Black; Competition car, original as-raced, 2- condition; Not sold at Hammer bid of $350,000 \u2014 RHD. One race from new, the 1976 Mosport World Sports Car Championship which needed fresh blood to fill the field. Driven there by Jacky Ickx it sat on the pole, set the lap record and led every lap, then was retired again to Don Nichols\u2019 dry storage facility in California where it has resided for the last thirty-six years. Freshly cleaned up and polished but essentially unused and completely original. The 494 cubic inch 800 hp fuel injected Chevy runs, loudly, and has been freshly serviced. Offered directly from Don Nichols\u2019 Advanced Vehicle Systems. How many Can-Am cars come from the ownership of their original race team? \u2018None\u2019 is the probable answer, but this one does. Its competence has been demonstrated, albeit a third of a century ago, and it\u2019s not surprising Don Nichols decided to take it back home to Salinas. What is it worth? A lot more than this.<\/figcaption><\/figure>\n
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Lot # S134 1970 Ford Mustang Boss 302 Trans Am Race Car; S\/N 18159; School Bus Yellow, Black stripe\/Black; Competition restoration, 3+ condition; Not sold at Hammer bid of $300,000 \u2014 White painted 8-spoke alloy wheels, Jones tach, SW gauges. A real Bud Moore Boss 302 built from a body in white for the 1971 season and driven by Peter Gregg with five podium finishes. Known history since, twice restored and sharp in Moore\u2019s School Bus Yellow. Clean, fresh and sharp with good cosmetics. Orderly inside and out. A serious race car. Sold by RM in Monterey in 2003 for $343,200, then by Gooding in Scottsdale in 2009 for $407,000, this bid is patently insufficient for the car\u2019s history and preparation.<\/figcaption><\/figure>\n
\"\"<\/a>
Lot # S135 1970 Lola T165 Can-Am; S\/N SL165-22; Red\/Black; Competition restoration, 3 condition; Not sold at Hammer bid of $350,000 \u2014 RHD. High wing, Chapparal 900hp engine. Carl Haas team car, later driven by PL Newman and Jack Hinkle. 1990\u2019s restoration by Bruce Canepa. Used vintage racecar. Chaparral valve covers, throttle body FI. Potentially breathtaking but not ready to be raced. Mecum couldn\u2019t ignite a fire under the Can-Am cars in Monterey, surprising since this is the best road racing car market in North America. This result bears no relationship to the underlying value of this Lola.<\/figcaption><\/figure>\n
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Lot # S136 1936 Auburn 852 Supercharged Boattail Speedster; S\/N 35364E; Cadet Grey\/Beige leather; Black cloth top; Older restoration, 2+ condition; Not sold at Hammer bid of $625,000 \u2014 Berge painted wire wheels, blackwall tires, radio. A-C-D certified, Pebble Beach 2006, AACA Senior 2007. Still show quality. Particularly attractive colors and impeccably presented. An example of the most desirable Auburn around with thorough documentation and an exceptional restoration in choice colors, but the reported high bid is an accurate representation of its value and it could have been sold at the reported bid.<\/figcaption><\/figure>\n
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Lot # S142 1971 McLaren M8E Can-Am; S\/N None; Orange, Blue stripe\/Black; Competition restoration, 3 condition; Not sold at Hammer bid of $135,000 \u2014 RHD. Crashed by Vic Elford driving for Roy Woods at Laguna Seca in 1971. Later restored with a replacement tub by Benton Bryan, powered by a Keith Black aluminum Chevy with Lucas fuel injection. An orderly vintage racecar not used in a few years. It would probably cost as much as the high bid here to get this car thoroughly checked before experiencing its prodigious power, let alone campaign it on a few historic race weekends. For its performance (and presence) anything close to the reported bid would be modest indeed.<\/figcaption><\/figure>\n
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Lot # S151 1972 Ferrari 365 GTB\/4 Daytona Spider; S\/N 14857; Red\/Black leather, Red stripes; Visually maintained, largely original, 2- condition; Hammered Sold at $1,050,000 plus commission of 6.00%; Final Price $1,113,000 \u2014 Chrome spoke Borrani wire wheels, Michelin X tires, popup lights, Becker Mexico cassette, A\/C. 21,185 miles from new. Good paint, chrome and interior but the underbody is covered in old undercoat, just like it came from Maranello. An experience auction car offered at Christie\u2019s Pebble Beach in 1992 with a no-sale bid of $480,000, sold here by Mecum in 2010 for exactly the same price it brought today, with a brief interlude on the docket but not seen at Mecum Indy earlier this year. At this price it\u2019s a sound value that deserves a new home where it will get some use<\/figcaption><\/figure>\n
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Lot # S155 1930 Duesenberg Model J Limousine, Body by Willoughby; S\/N 2402; Engine # J-306; Green\/Beige leather; Older restoration, 3- condition; Not sold at Hammer bid of $350,000 \u2014 Chrome wire wheels, dual sidemounts with strap on mirrors, whitewalls, driving light, luggage rack, dual taillights, rollup division, jump seats, flower pattern carpets. Firewall #2402, no visible frame number, engine # J-306 (originally J-383.) ACD Category 1 certified. Good repaint looks newer than the restoration. Good chrome with minor weak trim items. Oily residue and road grime on chassis. Old interior is sound but aged and discolored. Sound but aged interior wood. Interior trim chrome is aged and worn off on some door handles. Paint touched up on windshield post cracks. A sound but aged and toured old restoration. Back for another bit at the apple, this luxuriously bodied Willoughby Limo Duesenberg J reprised its no-sale result at Mecum\u2019s Kissimmee auction earlier this year. Without some serious attention it\u2019s going to languish in this price range and the owner ought to get the clue. Find real money and let it go.<\/figcaption><\/figure>\n
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Lot # S178 1965 Maserati Tipo 151 Replica Coupe; S\/N AM107252; Red, White stripe, Silver sills\/Black vinyl; Facsimile restoration, 3 condition; Not sold at Hammer bid of $150,000 \u2014 RHD. Chrome spoke Borrani wire wheels, Avon blackwall tires, fire system, Maserati V-8, four Webers, covered headlights and driving lights. Based on an early Quattroporte (AM107) chassis and 4.7 liter engine with 5-speed, disc brakes and deDion rear suspension. Flawed, blistered fiberglass bodywork and paint. Clean but aged inside. A well-used vintage race car acceptable wherever replicas are overlooked. The bodywork is, well, loosely based on the Tipo 151 and it\u2019s not hard to imagine the fun this Maserati can be, but it\u2019s probably not $150,000 worth of fun.<\/figcaption><\/figure>\n
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Lot # S185 1950 Cadillac Series 62 Convertible; S\/N 506243811; Light Gold\/Beige leather; Beige vinyl top; Visually maintained, largely original, 5+ condition; Hammered Sold at $39,000 plus commission of 6.00%; Final Price $41,340 \u2014 An awful, despicable, reprehensible car with too many flaws to be described. Hideous. One of the worst cars to be offered at a respectable auction in years with a lumpy body, mismatched paint distinguished by sags and runs, discolored chrome and an interior that\u2019s scary to touch. Described as a \u2018Frame-up restoration just completed\u2019 it must have been done in the dark with a vacuum cleaner powering the spray gun. RM offered this car at St. Johns last month but the bidders showed no interest in it. It passed into oblivion only to turn up here in Monterey. It might be worth $8,000 as a parts car. It is horrible, without a single redeeming feature except a VIN number.<\/figcaption><\/figure>\n

[Source: Rick Carey]<\/p>\n","protected":false},"excerpt":{"rendered":"

Mecum Auctions, Hyatt Regency, Monterey, California, August 16-18, 2012 Report and photos by Rick Carey, Auction Editor This was Mecum\u2019s fourth year at Monterey, an expansion which many considered risky at best and foolish at worst. The Mecum team has shown that it was intelligently conceived and nearly flawlessly executed and the Mecum auction now captures the third highest sale total on the Peninsula. It takes a lot of hard work to put on a three-day sale with 559 cars, […]<\/p>\n","protected":false},"author":112,"featured_media":790902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10112,11577],"tags":[7366,17513,10847],"class_list":["post-369933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auctions","category-auction-action","tag-auctions","tag-auctions-monterey-car-week","tag-mecum-auctions"],"yoast_head":"\nMecum Monterey 2012 - Auction Report<\/title>\n<meta name=\"description\" content=\"Comprehensive report, analysis on the Mecum Auctions Monterey 2012 sale from Auction Editor Rick Carey, including complete results and auction details.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.supercars.net\/blog\/mecum-monterey-2012-auction-report\/\" \/>\n<link rel=\"next\" href=\"https:\/\/www.supercars.net\/blog\/mecum-monterey-2012-auction-report\/2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mecum Monterey 2012 - 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