Thursday, 31 January 2013 12:44

Mecum's Whopping 10-Day Auction in Kissimmee, FL, Sold 1,806 Cars for $70.7 Million

Written by  Auction News

Mecum's whopping 10-day auction in Kissimmee, FL, sold 1,806 cars for $70.7 million.

The auction, which ran from January 18 through 27, put 2,423 cars across the block. The sell-through rate was 74.5%.

“Plenty of auction companies in the past have laid claim to putting on the Super Bowl of auctions,” Mecum President Dana Mecum said. “Mecum has gone where no auction company has ever gone before by hosting the first true collector car marathon, and we did it successfully.

"Kissimmee broke last year’s record by more than 25 percent offering 2,423 cars on our march to 3,000, and we look forward to reaching our goal of breaking the 3,000 car barrier next year in the sunny state of Florida.”

More than 75,000 people attended the auction, which continues the growing trend of gearheads attending auctions simply to see a lot of cool cars -- and the spectacle of people competing to buy a car.

Velocity broadcast 32 hours of auction coverage.

The top sale of the auction was a 1966 Shelby Cobra 427 roadster at $779,100, while an all-original, un-restored, 8,000-mile 1969 Ford Mustang Boss 429 from the John Justo Collection sold for $442,020.

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