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HomeThe MarketMecum auction hits record sales at Indy with more than $107 million...

Mecum auction hits record sales at Indy with more than $107 million total

1967 Shelby Cobra 427 S/C was top seller as the Big Oly racing Bronco slips to third

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Dana Mecum’s plus-size collector car auction in Indianapolis lived up to the hype last week, with overall sales of $107.8 million, scoring an Indy record and the second time this year that a Mecum auction has exceeded nine figures, an industry first.

There were 2,057 vehicles offered during the nine days of the sale, with 1,715 of them sold, for a strong 83 percent sell-through rate. Seven of the highest-selling vehicles went for more than a million dollars.

“While this certainly isn’t the first time Mecum has broken the $100 million mark with a singular auction event, it is the first time we’ve done it with our flagship auction in Indianapolis and the first time any collector car auction company has done it twice in one year, which makes it an accomplishment that we are especially proud of,” consignment director Frank Mecum said in a news release.

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The Big Oly Bronco on the auction block

While much of the attention preceding the auction was on the Parnelli Jones off-road racing legend, the 1969 Bronco known as Big Oly, the top-selling car was a different performance icon, a 1967 Shelby Cobra 427 S/C roadster.  One of just 29 “Semi-Competition” Cobras built, fully restored and driven just over 10,000 miles total, it achieved $3.3 million (all results include auction fees), which was finalized in a post-auction negotiation. 

Following the Cobra was a hometown native, an elegant 1930 Duesenberg Model SJ Rollston Convertible Victoria that was built in Indianapolis and brought $2.97 million.

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The 1930 Duesenberg was in jewellike condition

Big Oly landed in third place with a $1.87 million sale in a tie with another terrific Ford, a 2020 Ford GT MkII boasting just 15 miles and wearing one-off Ken Miles livery.  Parnelli Jones, one of the best-known American racers of all time, was on-site for the sale of Big Oly and other items from his personal collection, which brought a total of $3.15 million.

Three of the top-10 vehicles at Indy were Ford GTs from 2019-2020. They sold for more than a million dollars each. Three of the other top-10 cars were late-model exotics: two McLarens – a 2014 P1 and a 2019 Senna – and a 2011 Ferrari 599 SA Aperta.

mecum, Mecum auction hits record sales at Indy with more than $107 million total, ClassicCars.com Journal
The 2020 Ford GT was an eye catcher in Ken Miles livery

Rounding out the top-10 in ninth place was a 1959 Mercedes-Benz 300SL roadster, which sold for $907,500.

Among the more than two-dozen private collections on the Indy docket, the six red-on-red vintage Corvettes from the Mark Davis Collection achieved a total of $1.05 million, while the 145-vehicle collection from the Charlie Thomas Estate sold for $6.67 million, and the 26-car, no-reserve collection from Marshall Goldman reached $6.59 million.

Gene Hetland’s celebrated Deuceheaven Collection focusing on ’32 Fords totaled $2.68 million, and the nine cars in John Lucey’s collection brought a total of $1.35 million.

More than 2,700 Road Art automobilia items were offered at the Indy auction, with 2,628 sold. The top sales included a Miles Ahead Carroll Shelby statue that sold for $41,300, a Ford double-sided porcelain neon sign that brought $35,400, and the Big Oly race-worn helmet and goggles from the Parnelli Jones collection that sold for $25,960.

The top 10 collector car sales at the Indy 2021 auction were:

1. 1967 Shelby Cobra S/C roadster at $3.3 million

2. 1930 Duesenberg Model SJ Rollston Convertible Victoria at $2,970,000

3. 1969 Ford Bronco ‘Big Oly’ at $1,870,000

4. 2020 Ford GT MkII at $1,870,000

5. 2014 McLaren P1 at $1,347,500

6. 2019 Ford GT Lightweight at $1,100,000

7. 2019 Ford GT at $1,045,000

8. 2019 McLaren Senna at $946,000

9. 1957 Mercedes-Benz 300SL roadster at $907,500

10. 2011 Ferrari 599 SA Aperta  at $880,000

(All results include auction fees)

Mecum Auction’s next sale is its debut event in Tulsa, Oklahoma, on June 11-12 with 600 collector vehicles expected.

For more information and the list of Indy results, visit the Mecum website.

Bob Golfen
Bob Golfen is a longtime automotive writer and editor, focusing on new vehicles, collector cars, car culture and the automotive lifestyle. He is the former automotive writer and editor for The Arizona Republic and SPEED.com, the website for the SPEED motorsports channel. He has written free-lance articles for a number of publications, including Autoweek, The New York Times and Barrett-Jackson auction catalogs. A collector car enthusiast with a wide range of knowledge about the old cars that we all love and desire, Bob enjoys tinkering with archaic machinery. His current obsession is a 1962 Porsche 356 Super coupe.

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