Market Intelligence
Mecum wins at Indy
Mecum's recent auction in Indianapolis saw a 27% increase in sales, reaching over $122 million, with a record-breaking sale of 18 Chevrolet Corvette Pace Cars in a single lot for $1.375 million. The auction featured two cars driven by Mario Andretti and Dan Gurney, selling for $2.2 million and $1.375 million respectively. The market for modern hypercars such as the McLaren Speedtail showed signs of saturation, with one going unsold at $2.5 million. Many Fords at the auction, including a 2016 Porsche Cayman GT4, showed considerable growth in value.
RM and Bonhams in Monaco, Mecum in Indianapolis. Two famous circuits, each with unique challenges contested by the bidders too. In addition to the successes of Monaco, Mecum continued its gloriously golden moment: $122,330,050 (€113,829,335) worth of cars sold, a 27% increase in turnover compared to 2021.
Much of the credit goes to the increase in the number of cars on sale (up from 1,930 to 2,350), the same percentage of sales – roughly 82% – and a slight increase of 4.83% in the average price per car, up from $60,872 (€ 56,642) to $ 63,814 (€ 59,380). To understand why I used the term “golden moment”, consider this: in just five months, Mecum has already exceeded four hundred million dollars in sales!
