Mecum’s third Arizona auction reaches $42.3 million with 86 percent sold

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 Mecum sale at State Farm Stadium in Glendale, a Phoenix suburb, was hampered by the onset of coronavirus pandemic restrictions, total sales still reached $28.9 million, compared with the $39 million total for the first-year Arizona auction held in 2019.

The recent Glendale sale held March 18-20 resulted in a 14 percent increase over that inaugural year.

“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.