Mecum Glendale records $42.3M in sales

’67 Corvette head of the class at 3-day auction at State Farm Stadium

Posted 4/1/21

Mecum Auctions set a new record-high sales total for its Glendale auction last month.

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Mecum Glendale records $42.3M in sales

’67 Corvette head of the class at 3-day auction at State Farm Stadium

Posted

Mecum Auctions set a new record-high sales total for its Glendale auction last month.

Held March 18-20 at State Farm Stadium, 1 Cardinals Drive, the auction reached $42.3 million in overall sales totals, a more than 14% increase over Mecum’s first auction in Glendale, which itself had been a record-setting event as the highest-grossing inaugural event in company history.

A total of 712 of the 829 offered vehicles hammered sold for an 86% sell-through rate, and the auction’s top seller achieved a sale price of $2.7 million. The top-selling 1967 Chevrolet Corvette L88 Coupe (Lot S122.1) was an award-winning car that boasted an original legendary L88 engine, easily shooing it into the multimillion-dollar collector car category.

“The success of this auction in only its third year is unprecedented,” Mecum CEO Sam Murtaugh stated 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. The success and continued growth would not be possible without the natural synergy that has developed with our partners at State Farm Stadium and the gracious host city of Glendale.”

Other notable vehicles to land among the top-10 sellers in Glendale included a trio of Ferraris from the headlining 20-vehicle Steve Todhunter Collection, which sold in its entirety for an overall total of $6.08 million. It was a 2016 Ferrari F12tdf (Lot S105) that landed the second seat in top sales at $880,000, followed by a 2011 Ferrari 599 GTO (Lot S103) in third with a $720,500 sale. Todhunter’s 2006 Saleen S7 Twin Turbo (Lot S109) nabbed the fourth spot among top auction sales with a $605,000 price tag.

Another main attraction collection in Glendale was the diverse Napa Valley Collection of 18 classic vehicles, which saw a 100% sell-through rate for a total of $2.1 million. Four of the collection’s cars broke into the six-figure range with a 1973 Porsche 911 Carrera RS 2.7 (Lot F123) claiming the fifth spot among top auction sales at $495,000 and a 1970 DeTomaso Mangusta (Lot F120) just shy of making the list at $302,500.

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