Mecum’s third Arizona auction reaches $42.3 million

Mecum Auctions scored a touchdown at the NFL football stadium where it held its third-annual Arizona auction, reached $42.3 million in overall sales and an 86 percent sell-through rate, with 712 of 829 vehicles sold. 

While last year’s collector car sale at State Farm Stadium in Glendale, a Phoenix suburb, was shut down along with everything else as the coronavirus pandemic took over, the recent Mecum auction held March 18-20 resulted in a 14 percent increase over the inaugural event in 2019.

“The success of this auction in only its third year is unprecedented,” Mecum chief operating officer Sam Murtaugh said in a news release. “By exceeding $42 million in sales in only three days, the Glendale, Arizona, event has officially established itself as the third largest auction on the Mecum calendar.”

• 

• 

• 

• 

Mecum’s highest selling vehicle was an award-winning 1967 Chevrolet Corvette L88 Coupe with its original 427/430-horsepower engine and a recipient of the Duntov Mark of Excellence and other notable Corvette honors, which sold for $2.695 million, including auction fees.

The next three top sales at Mecum were of cars from the Steve Todhunter Collection, which sold in its entirety for $6.08 million: a 2016 Ferrari F12tdf at $880,000, a 2011 Ferrari 599 GTO at $720,500, and a 2006 Saleen S7 Twin Turbo at $605,000.

The fifth highest seller was a 1973 Porsche 911 Carrera RS 2.7 that went for $495,000. It was part of the Napa Valley Collection of 18 vehicles, which all sold for a total of $2.1 million.

The top-10 highest-selling vehicles at Mecum’s Arizona auction were:

1. 1967 Chevrolet Corvette L88 Coupe at $2.695 million

2. 2016 Ferrari F12tdf at $880,000

3. 2011 Ferrari 599 GTO at $720,500

4. 2006 Saleen S7 Twin Turbo at $605,000

5. 1973 Porsche 911 Carrera RS 2.7 at $495,000

6. 2014 Mercedes-Benz SLS AMG Black Series at $451,000

7. 2001 Ferrari 550 Barchetta Pininfarina at $440,000

8. 2019 Porsche 911 Speedster at $440,000

9. 1970 Ford Mustang Boss 429 Fastback at $385,000

10. 2018 Mercedes-Benz G550 Brabus Edition at $379,500

(All results include auction fees) 

• 

• 

Mecum’s next sale takes place in Houston on April 8-10 at NRG Center, followed by the Vintage & Antique Motorcycle Auction on April 28-May 1 in Las Vegas, then Dana Mecum’s 34th Original Spring Classic, the company’s flagship event, slated for May 14-22 in Indianapolis.

For more information, visit the Mecum website.