Mecum wrapped up four days of auction excitement in Glendale, Arizona last Saturday, March 19, with $66.3m in total sales. Of the 1,657 lots offered, 1,285 were sold, amounting to a 78% sell-through rate.
The 2022 Glendale sale now stands as the most successful of the four iterations held in Arizona, with this year’s total exceeding 2021’s final sum by a whopping 53%.
Four lots had selling prices in the seven-figure range. Leading the pack was a 1967 Ferrari 275 GTB/4 coupe acquired by a new owner for $3,025,000. The 275 is Classiche Certified and appears in excellent shape following a 2011 refresh in Grigio Ferro over Bordeaux leather.
The number two spot was filled by an American Classic, a 1929 Duesenberg Model J Convertible Coupe by Murphy at $2,365,000. Already an AACA National First Prize winner and having received ACD Category 1 Certification, the Model J is ready for the road, having just received a recent refresh to its inline eight-cylinder Lycoming engine.
The final two cars to sell for over $1m were both modern hypercars. A 2005 Porsche Carrera GT and 2020 Ford GT, selling for $2.2m and $1.1m, respectively. Still on MSO and having traveled just 182 miles, the Porsche was showroom fresh and presented a buying opportunity that is likely unrepeatable. The Ford GT, finished in Triple Yellow Tri-Coat, had eyeball for days, matching its outrageous performance specs.
$20m of the $66.3m sales tally was amassed from the sale of private collections. The headlining Mile High Collection was responsible for $5.9m of that number with every lot from the 50-plus car collection selling to new owners. One of the auctions main attractions, the Hooked on Vettes Collection, also saw 100% of offered lots sell. The 13 cars and 180-plus large neon signs netted $1.7m in sales.