Mecum’s live Indy auction scores record sales of $74 million

The highest-selling 1965 Shelby GT350R Prototype on the public sale block | Mecum Auctions photographs

Touting “a triumphant return to dwell auctions,” Mecum Auctions reported outcomes for its Indianapolis occasion of $74 million in gross sales of collector automobiles and Highway Artwork memorabilia, a historic greatest consequence for the corporate’s flagship sale.

The general
sell-through fee was greater than 90 %, Mecum mentioned, with 78 % of
about 1,800 automobiles hammered bought. 

The excessive level of the public sale was the resounding sale of the 1965 Shelby GT350R Prototype – the well-known Flying Mustang pushed in competitors by Ken Miles – which rang the bell with a $3.85 million sale, the very best recognized value ever paid for any Mustang.  The sale eclipsed that of the Steve McQueen Bullitt Mustang bought by Mecum six months in the past. 

1966 GT350 convertible was one other Shelby that reached into 7 figures

“The automobile exists as
the primary Shelby R-Mannequin competitors automobile constructed and the primary Shelby Mustang to
win a race, simply qualifying it as probably the most traditionally vital Shelby
Mustang on the planet,” in accordance with Mecum’s Indy outcomes information launch.

One other Shelby Mustang that hit 7 figures was the 1966 Shelby GT350 convertible, a extremely unique automobile that was one among solely 4 GT350 convertibles constructed for 1966 and the primary one by serial quantity.  It bought for $1.1 million.

Among the many prime 10 collector automobiles bought on the public sale, 5 had been Shelbys. 

1964 Shelby 289 Impartial Competitors Cobra hit $990,000

Essentially the most-highly valued automobile on the sale, a 1965 Ford GT Competition Prototype Roadster, GT/109, which was the one open GT40 to compete within the 24 Hours of Le Mans, was a no-sale when the excessive bid of $7.5 million didn’t meet reserve.  Owned by Dana Mecum, the top of the public sale firm, it was the second time the race automobile didn’t promote at a Mecum public sale.

The 33rd annual Indianapolis public sale was the primary dwell occasion for Mecum for the reason that pandemic shutdown.  Often held in Could, the auction was postponed till July 10-18.  The outcomes are increased than the Could 2019 sale on the Indianapolis Fairgrounds, which scored a then-record $70.four million in complete gross sales.

The public sale was held below strict pandemic protocols, in accordance with Mecum, with protecting masks, hand sanitizers and social distancing. On-line gross sales had been robust, Mecum mentioned, with 346 automobiles bought to online-only bidders with a complete of $10.Three million.

A 1965 Ferrari 275 GTS was the second-place prime vendor

“We put forth
large effort to comply with, meet and exceed all the security protocols
obligatory to offer a protected setting to conduct a profitable, full-scale
dwell public sale. Not solely did we succeed, we raised the bar,” mentioned Frank
Mecum, director of consignments.  “By
enhancing each our on-site and live-online bidding processes, we had been capable of
open so many new doorways and permit everybody to take part in whichever method made
probably the most sense for our clients.

“The outcomes converse
for themselves: the public sale in Indy was the annual occasion’s greatest consequence ever,
and I believe I can converse for everybody right here at Mecum in saying that we
are thrilled to be again with dwell auctions for our clients and followers

The highest-10 highest sellers for the Indy 2020 public sale had been:

  1. 1965 Shelby GT350R Prototype at
    $3.85 million
  2. 1965 Ferrari 275 GTS at $1.43
  3. 1966 Shelby GT350 convertible at
    $1.1 million
  4. 1964 Shelby 289 Impartial
    Competitors Cobra at $990,000
  5. 2018 Ford GT at $946,000
  6. 1965 Shelby GT350 Paxton Prototype
    at $880,000
  7. 1966 Shelby GT350 Paxton fastback at
  8. 1963 Rolls-Royce Silver Cloud III
    drophead coupe at $726,000
  9. 1971 Ferrari 365 GTB/four Daytona at
  10. 2011 Ferrari 599 GTO at $698,500

The highest-10 highest-selling Highway Artwork gadgets had been:

  1. Cobra Powered by Ford Autographed
    Banner at $53,100
  2. Ford A-1 Pylon Used Automobiles and Vans
    Dealership Porcelain Neon Signal at $40,120
  3. 1967 Le Mans Beginning Flag
    Embroidered Silk at $36,580
  4. Ford A-1 Used Automobiles Double-Sided
    Porcelain Neon Signal at $30,680
  5. 1965 Shelby American 427 Cobra
    Sunburst Wheels/Blue Dot Tires at $29,500
  6. “Daytona Coupe” Authentic
    Bronze Sculpture by J. Paul Nesse at $29,500
  7. “Miles Forward” Authentic Bronze
    Sculpture by J. Paul Nesse at $25,960
  8. Ford Jubilee Dealership Single-Sided
    Porcelain Neon Signal at $25,960
  9.     Cobra Powered by Ford
    Autographed Banner at $53,100
  10. Ford A-1 Pylon Used Automobiles and Vans
    Dealership Porcelain Neon Signal at $40,120

(All outcomes
embody public sale charges)

Mecum’s subsequent dwell public sale would be the not too long ago introduced Kissimmee
Summer season Particular slated for August 27-29 at Osceola Heritage Park in Kissimmee,
Florida, with 1,000 collector automobiles anticipated.

For extra info, go to Mecum’s website.

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