Mecum Auctions’ forward momentum achieved another thrust ahead with a successful live classic and collector car auction event this past weekend in Las Vegas, as a group of 431 vehicles crossed the auction block. With bids pouring in from both live, on-site auction participants as well as those who opted to bid online from the comfort of home, the Mecum Las Vegas auction saw 316 vehicles hammer sold for a 73% sell-through rate and $13 million in overall sales.
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2018 Ford GT Twin-Turbocharged 3.5L/647 HP, 97 Miles (Lot S120) sold at $935,000
LIVE MECUM AUCTION IN KISSIMMEE BRINGS $18.6 MILLION IN OVERALL SALES
More than $18.6 million in overall sales was achieved at the recently held live Mecum classic and collector car auction in Kissimmee, Florida. With a total of more than 800 vehicles crossing the auction block in just three days, Aug. 27-29, the reserve-based auction achieved a 65% sell-through rate as 518 cars hammered sold.
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1965 Shelby GT350R Prototype 5R002, The First R-Model Built (Lot F140) sold at $3,850,000
MECUM EXCEEDS $74 MILLION IN INDY WITH A TRIUMPHANT RETURN TO LIVE AUCTIONS
Headlined by the offering of the John Atzbach Shelby collection, the 2020 Indy auction was not only a historic event for Mecum, but it also added to the history books for the Ford Mustang, as 5R002—the 1965 Shelby GT350R Prototype (Lot F140) from the Atzbach stables—became the world’s most valuable Mustang ever sold. Demanding a final sale price of $3.85 million, the car exists as the first Shelby R-Model competition car built and the first Shelby Mustang to win a race, easily qualifying it as the most historically significant Shelby Mustang in the world; its record-setting sale in Indy marked yet another first-place finish for The Ken Miles “Flying Mustang” as it eclipsed the world-record sale price of the original McQueen “Bullitt” Mustang sold by Mecum just six months ago.
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