Market Intelligence
Auctions ready to jump start 2022
Upcoming classic car auctions promise a spectacular year for the market. Mecum in Kissimmee, Florida, will offer 3,200 cars over 10 days, with a 1992 Ferrari F40 expected to fetch up to $3.2 million. Gooding, holding its auction online, will feature the 2011 Mercedes-Benz SLS AMG, estimated to sell for $175,000-$225,000. Meanwhile, Barrett-Jackson will auction off the first Chevrolet Corvette C8 Z06 with the proceeds going to charity. With over 1,400 cars on offer, it's also hosting the auctioning of three NFTs.
With the auctions finally back to the traditional calendar dates, we begin a year that promises to be nothing short of spectacular. There are so many events on the calendar that in order to give them adequate space, I have to divide them into two: today, I shall focus on the sales of Mecum, Gooding and Barrett-Jackson, while next Thursday we will take a look at RM, Bonhams and Worldwide.
Mecum, with its auction in Kissimmee in Florida, is a massive 10-day event with 3,200 cars on offer and a turnover that in 2020 reached 100 million dollars. The excitement is palpable because traditionally Mecum is the first auction of the year and you can feel the enthusiasm of the market. The others, excluding Gooding which is online, are in Scottsdale, in that 15-mile rectangle where every January the leading collectors flock together in the hope of bringing home an extra Christmas gift.
Starting with Mecum, here are the three cars I have focused my attention on to understand what 2022 has in store for us.
